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Fraud: Focus on Financial Statement Fraud – Part Two

This course delves further into concepts of financial statement fraud as defined by the Certified Fraud Examiners (ACFE)
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Content

Platform: Udemy
Video: 1h 53m
Language: English
Next start: On Demand

Table of contents

Description

This course builds off Focus on Financial Statement Fraud part one.  It delves further into concepts of financial statement fraud as defined by the Association of Certified Fraud Examiners (ACFE).  The ACFE fraud tree categorizes types of fraud schemes into three areas:
•Corruption
•Asset Misappropriation
•Financial Statement (FS) Fraud
Financial Statement Fraud is the deliberate misrepresentation of the financial condition of an enterprise. It is accomplished through intentional misstatement or omission of amounts or disclosures in the FS to deceive financial statement users.  According to the ACFE’s Report to the Nation, in 2016, financial statement fraud comprised 9.6% of cases with a median dollar loss of $975,000.  The typical duration of financial statement fraud prior to detection is 24 months.
There are numerous methods under which revenue should be recognized.  Accordingly, there are numerous ways perpetrators try to side-step the process.  In part one of this series, we focused on areas of revenue recognition.  This course will focus on other portions of the fraud tree under financial statement fraud including timing, concealed liabilities and revenue, overstated liabilities and expenses, improper asset valuation and improper disclosures.  Each of these areas are critical component for understanding financial statement fraud.
This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales, and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

You will learn

✓ Explore financial statement fraud related to the concept of timing.
✓ Discover specific timing types of financial statement schemes and identify procedures used to mitigate potential fraud.
✓ Recognize fraud schemes related to bill and hold, sales with special terms, and documentation.
✓ Explore types of financial statement (FS) schemes and mitigation techniques for accounting entries.

Requirements

• No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

This course is for

• Anyone interested in Accounting, Finance, Audit or related fields.

How much does the Fraud: Focus on Financial Statement Fraud – Part Two course cost? Is it worth it?

The course costs $14.99. And currently there is a 70% discount on the original price of the course, which was $34.99. So you save $20 if you enroll the course now.
The average price is $14.6 of 46 Focus Mastery courses. So this course is 3% more expensive than the average Focus Mastery course on Udemy.

Does the Fraud: Focus on Financial Statement Fraud – Part Two course have a money back guarantee or refund policy?

YES, Fraud: Focus on Financial Statement Fraud – Part Two has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

Currently we could not find a scholarship for the Fraud: Focus on Financial Statement Fraud – Part Two course, but there is a $20 discount from the original price ($34.99). So the current price is just $14.99.

Who is the instructor? Is Illumeo Learning a SCAM or a TRUSTED instructor?

Illumeo Learning has created 413 courses that got 21,469 reviews which are generally positive. Illumeo Learning has taught 66,993 students and received a 4.1 average review out of 21,469 reviews. Depending on the information available, Illumeo Learning is a TRUSTED instructor.
Condensed and Efficient Courses for Busy Professionals
Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
Browse all courses by on Coursemarks.
Platform: Udemy
Video: 1h 53m
Language: English
Next start: On Demand

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