Financial Accounting and Detecting Fraud Training Course

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Financial Accounting and Detecting Fraud Training

Financial Accounting and Detecting Fraud Training www.lpcentre.com www.lpcentre.com
Accounting, Finance & Budgeting

Accounting fraud is defined as the intentional manipulation of financial records or statements. Companies usually commit accounting fraud to make it appear that their business s financial health is better than it really is. The problem relating to the accounting fraud is that it has not stopped despite the numerous changes that have been made in legislation and strict controls by the internal and external auditors. So It s essential that you know about accounting fraud due to its growing prevalence in finance.

Financial Accounting and Detecting Fraud Training Course sets out to explain what accounting fraud is, how it can be detected and therefore how it might be prevented.

Delegates are highly encouraged to be ready to discuss their own concerns although it is appreciated that confidentially is a supreme concern in a programme such as this

OBJECTIVES

By the end of this Financial Accounting and Detecting Fraud Training Course, you will be able to:

Discuss the structure and foundations of financial reporting

Be aware of creative accounting and how it can be determined

Determine the need for forensic accounting by means of case study and other analysis

Appreciate the nature or Benford s Law and its increasingly important role in the prevention and detection of fraud

Discuss the role of the auditor in detecting fraud

Carrying out a variety of statistical tests on financial reports and accounting data

INTRODUCTION
Financial Accounting and Detecting Fraud Training
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WHO SHOULD ATTEND ?

This Financial Accounting and Detecting Fraud Training Course is ideal for: Finance and accounting professionals and those for whom the prevention and detection of fraud is a major issue leaders who are in decision-making positions and have little or financial experience.

Business owners and freelancers.

Any person who would like to increase their financial understanding will find this comprehensive Course profitable

COURSE OUTLINE

Day 1

Financial Accounting Review

Structure of financial reports

Regulation of financial reporting

Financial reporting standards

The Analysis of Financial Reports

Detecting bias in accounting numbers

Qualitative analysis: what people say and what they might mean

Day 2

Creative Accounting

What is creative accounting and why is it a bad thing?

Inappropriate accruals, estimates, and excessive provisions

Identifying premature revenue recognition and fictitious revenue

Aggressive capitalisation

Creative income statements: classification and disclosure

Problems with cash flow reporting

Day 3

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Financial Accounting and Detecting Fraud Training

Forensic Accounting

The basics of forensic accounting

The need for Sarbanes-Oxley

The going concern concept in greater detail

Cases in which forensic accounting was used

Off balance sheet finance

Introduction to Benford s Law

Day 4

The role of the auditor nd detecting fraud

The Role of the Auditor in the Prevention and Detection of Fraud

Deterring Fraud

The fraud triangle

The COSO Internal Control Integrated Framework, (COSO Model)

20 ways to detect fraud

Identifying fraud using time series analysis

Fraud risk assessments

Day 5

Tools for Detecting Fraud

Further Statistical Analysis of accounting and other data

Further application of Benford s Law

Chi Square and Kolmogorov Smirnoff Tests

Mean Absolute Deviation test

Mantissa Arc Test

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Financial Accounting and Detecting Fraud Training

IN-HOUSE TRAINING

LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.

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Financial Accounting and Detecting Fraud Training

DOCUMENTATION

High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.

CERTIFICATES

Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.

SCHEDULE

Our Course timings commence at 09:00 and conclude at 13:00.

REGISTRATION & PAYMENT

Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.

CANCELLATION AND REFUND POLICY

Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/

TRAVEL AND TRANSPORT

We are committed to picking up and dropping off the participants from the airport to the hotel and back.

CONTACT

LONDON

Oxford Street Offices:

London - Oxford Street 25 N Row, London W1K 6DJ

+44 (0) 20 36 916 970

West London Office: 47 49 Park Royal Road London NW10 7LQ

+44 (0) 20 80 900 464

info@lpcentre.com

DUBAI Business Bay - Marasi Drive Churchill Tower commercial 1, Office 107 +971 4 421 4616

KUALA LUMPUR

No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor +60 19-305 5694

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INFO
Financial Accounting and Detecting Fraud Training

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