{"id":127285,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/financial-statement-analysis-to-detect-possible-fraud"},"modified":"2017-08-16T06:19:37","modified_gmt":"2017-08-16T06:19:37","slug":"financial-statement-analysis-to-detect-possible-fraud","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/financial-statement-analysis-to-detect-possible-fraud\/","title":{"rendered":"Financial Statement Analysis to Detect Possible Fraud"},"content":{"rendered":"
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Part 1 \u2013 Financial Statement Analysis to Detect Possible Fraud \u2013 Case Study 4, Chapter 6<\/p>\n

Download the Excel file for ABC Company found in Case Project files. Then, complete the following:<\/p>\n

Prepare required ratio analysis and then complete the horizontal and vertical analysis using the Excel file.<\/p>\n

 <\/p>\n

Based on your horizontal and vertical analysis, identify at least three possible red flags and indicate if a reasonable explanation exists in 1\u20132 sentences for the areas of concern you choose.<\/p>\n

Based on the ratio analysis, indicate at least three areas where you can identify revenue fraud may have occurred. Provide specific details in your paragraph explanation of each.<\/p>\n

Based on the ratio analysis, indicate at least three areas where you can identify inventory fraud may have occurred. Provide specific details in your paragraph explanation of each.<\/p>\n

 <\/p>\n

Part 2 & 3 \u2013 Financial Statement Analysis to Detect Possible Fraud -Case Study 4, Chapter 6<\/p>\n

 <\/p>\n

Continue with the ABC Company Excel document that you worked on last week and add any of the ratio\u2019s discussed in Chapter 13 as needed.Be sure to add and compute ratios on liability and assets overstatement, discussed in Chapter 13 as applicable.<\/p>\n

 <\/p>\n

 <\/p>\n

Based on your horizontal and vertical analysis, identify at least three possible red flags from your readings in Chapter 13 and indicate if a reasonable explanation exists in 2-3 sentences for the areas of concern you choose, these must be different than Part 1.<\/p>\n

Based on the ratio analysis, indicate at least 3 areas where you can identify that liability understatement fraud may have occurred. Provide specific details in your paragraph explanation of each.<\/p>\n

Based on the ratio analysis, indicate at least 3 areas where you can identify that asset overstatement fraud may have occurred. Provide specific details in your paragraph explanation of each.<\/p>\n

Part 3 \u2013 Submit completed Excel Workbook for the ABC Company<\/p>\n

Part 4 \u2013 Financial Statement Analysis to Detect Possible Fraud -Case Study 4, Chapter 6<\/p>\n

 <\/p>\n

Week 8 you will finalize the Case Project started in Week 6 by discussing and debating your findings with your assigned group for the first part of class. Your instructor will place you into these groups and collaboratively you will discuss your findings on the financial statement fraud you believe may be present. Be sure to be prepared to cite at least one \u201creal world\u201d example from your analysis to add further credibility to your findings. Your group should to come to a consensus of the top three that you believe should be brought to management\u2019s attention.<\/p>\n

 <\/p>\n

The 2nd part of class will give each group the opportunity to debate\/discuss with the other groups their findings and collectively the class will come to a consensus of only three that require management\u2019s immediate attention.  Be prepared to defend your position with your credible resources.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Part 1 \u2013 Financial Statement Analysis to Detect Possible Fraud \u2013 Case Study 4, Chapter 6 Download the Excel file for ABC Company found in Case Project files. Then, complete the following: Prepare required ratio analysis and then complete the Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-127285","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/127285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=127285"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/127285\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=127285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=127285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=127285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}