FORENSIC ACCOUNTING - BA124 – Fall 2011Slide 9-1 Today’s Topics n Why Studying Conversion is Important n Sources of Information n The Role of Net Worth.

Slides:

Advertisements

Similar presentations

THE WORKSHEET AND THE FINANCIAL STATEMENTS

Advertisements

Money Management A system of planning for spending based on expected income.

FORENSIC ACCOUNTING - BA124 – Spring 2010Slide 9-1 Today’s Topics n Why Studying Conversion is Important n Sources of Information n The Role of Net Worth.

FORENSIC ACCOUNTING - BA124 – Spring 2010Slide 9a-1 Today’s Topics n Interviewing Techniques n Types of Questions.

FORENSIC ACCOUNTING - BA124 - spring 2007Slide 9-1 Today’s Topics n Why Studying Conversion is Important n Sources of Information n The Role of Net Worth.

FORENSIC ACCOUNTING - BA124 - Spring 2005Slide 3-1 Today’s Topics n Preventing Fraud-Part I n Creating the culture n Shenanigans n Introduction-real world.

FORENSIC ACCOUNTING - BA124 – Fall 2010Slide 9-1 Today’s Topics n Why Studying Conversion is Important n Sources of Information n The Role of Net Worth.

FORENSIC ACCOUNTING - BA124 - Fall 2008Slide 7-1 Today’s Topics n Methods for Investigating Fraud n Theft Investigation Methods n Concealment Investigation.

FORENSIC ACCOUNTING - BA124 – Fall 2008Slide 11-1 Today’s Topics n Revenue Frauds n Inventory Frauds n Liability Frauds n Other Asset Frauds n Disclosure.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning REPORTING FINANCIAL INFORMATION The financial information needed by business managers and.

Managing Business Finance

Essential Standard 4.00 Understanding the role of finance in business. 1.

Fraud Examination, 3E Chapter 9: Conversion Investigation Methods COPYRIGHT © 2009 South-Western, a part of Cengage Learning.

FORENSIC ACCOUNTING - BA124 – Spring 2015 Today’s Topics n Concealment Investigation Methods.

Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.

2.2.4.G1 © Take Charge Today – August 2013 – Income and Expense Statement – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School.

Essential Standard 4.00 Understanding the role of finance in business. 1.

What financial statement uses net income (or net loss) taken directly from the income statement?

Albrecht, Albrecht, Albrecht, Zimbelman © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except.

Week 5.  Also known as an accounting period.  It’s the period of time that business reports financial information.  Business determines the length.

User-Defined Placeholder Text Chapter 3 Money Management Strategy 3.2.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-2 Recording a Payroll and Payroll Taxes.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Extending Financial Statement Information on a Work Sheet Calculate Net Income/Loss.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Extending Financial Statement Information on a Work Sheet Original created by M.C. McLaughlin,

Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-2 Recording a Payroll and Payroll Taxes Modified by D. Burns West Johnston High School.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-3 Extending Financial Statement Information on a Work Sheet.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.

Budgeting and Record Keeping. Financial Planning ► Financial Plan- An _____ program for spending, saving, and investing the money you earn.

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 6 LESSON 6.3 Your Budget Worksheet Objectives: By the end of class, students will.

> > > > Understanding Financial Statements. Balance Sheet What is a Balance Sheet? A statement that shows –(1) How much money a company has –(2) How much.

 First major statement is the Balance Sheet  The second major statement is the Income Statement  It would be impractical to include all revenue and.

Topic 4 – Allocating Your Money Wealth Management 2010.

Extending Financial Statement Information on a Work Sheet

Chapter 8 – Financial Statements for a Proprietorship

LESSON 15-1 Preparing an Income Statement

Chapter 7 Financial Statements.

Preparing a Balance Sheet Assets Liabilities Owner’s Equity (Capital)

LESSON 7-1 Preparing an Income Statement

BALANCE SHEET INFORMATION ON A WORK SHEET

EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEET

BALANCE SHEET INFORMATION ON A WORK SHEET

BALANCE SHEET INFORMATION ON A WORK SHEET

LESSON 3-2 Recording a Payroll and Payroll Taxes

LESSON 7-1 Preparing an Income Statement

JOURNALIZING PAYMENT OF A PAYROLL

FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT

General Money Management & Personal Savings and Investment

FRAUD EXAMINATION ALBRECHT & ALBRECHT

Extending Financial Statement Information on a Work Sheet

Chapter 7 Financial Statements.

LESSON 6-3 Extending Financial Statement Information on a Work Sheet

Lesson 13-1 Work Sheet for a Corporation

LESSON 7-1 Preparing an Income Statement

LESSON 3-2 Recording a Payroll and Payroll Taxes

Lesson 8-2 (GJ) BALANCE SHEET Lesson 8-2, page 181.

Extending Financial Statement Information on a Work Sheet

Forensic Accounting Chapter 16

LESSON 15-1 Preparing an Income Statement

LESSON 7-1 Preparing an Income Statement

LESSON 3-2 Recording a Payroll and Payroll Taxes

Lesson 13-1 Work Sheet for a Corporation

Extending Financial Statement Information on a Work Sheet

LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet

LESSON 3-2 Recording a Payroll and Payroll Taxes

LESSON 15-1 Preparing an Income Statement

Extending Financial Statement Information on a Work Sheet

Presentation transcript:

FORENSIC ACCOUNTING - BA124 – Fall 2011Slide 9-1 Today’s Topics n Why Studying Conversion is Important n Sources of Information n The Role of Net Worth Calculations n Miscellaneous Articles and Cases

FORENSIC ACCOUNTING - BA124 – Fall 2011Slide 9-2 Role of Conversion Analysis n Helps determine the extent of the fraud n Serves as a facilitation for confession

FORENSIC ACCOUNTING - BA124 – Fall 2011Slide 9-3 Sources of Information (Study pages ) n Variety of sources n Federal government sources n State government sources n Local government sources n Financial institution records n Public databases n Internet sources Don’t try to memorize the details of these sources. Know how to use some of them.

FORENSIC ACCOUNTING - BA124 – Fall 2011Slide 9-4 Net Worth Method n For use in estimating “Funds from Unknown Sources” n Calculation: n Assets - Liabilities = Net Worth n NW c - NW P = Net Worth Increase n NWI + Living Expenses = Income n Income - Known Sources = Unknown Sources