Financial statements can be daunting to non-financial professionals, yet many times that is exactly where fraud is concealed. Every fraud fighter needs a working knowledge of fundamental accounting principles and a familiarity with the structure of financial statements in order to effectively investigate allegations of fraud.
This course will prepare you to uncover indicators of fraud concealed in financial records, even if you’re not an accountant. You will review the essential financial statements and their components, the basic accounting principles that drive the numbers on these statements, examples of typical occupational fraud schemes that can be uncovered using financial statements and some rudimentary financial analysis techniques that can quickly point you toward suspicious activity.
What you will learn:
How to analyze and interpret the balance sheet, income statement and cash flow statement
How to identify occupational fraud schemes by examining financial records and statements
The fundamental accounting concepts and principles that are used to generate financial statements
Common ways financial statements are fraudulently manipulated
Critical financial analysis techniques, including vertical, horizontal and ratio analysis
How to obtain and examine financial records in a fraud examination
The different types of auditors, their roles, and tips for working with them during a fraud examination
Field of study: Accounting
Last updated: May 2012
ACFE Ordering and Return Policy
Please note: All self-study course exams must be completed within one year of purchase date to receive CPE credit.
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
Table of Contents:
Lesson 1: Introduction
Lesson 2: What Is Accounting?
Lesson 3: What Is a Balance Sheet?
Lesson 4: What Is an Income Statement?
Lesson 5: What Is a Statement of Cash Flows?
Lesson 6: Putting Together the Statements
Lesson 7: Basic Accounting Concepts
Lesson 8: Financial Analysis Techniques
Lesson 9: Financial Statement Fraud
Lesson 10: Cash Receipt Schemes
Lesson 11: Fraudulent Disbursements
Lesson 12: Asset Misappropriation - Inventory and Other Assets
Lesson 13: Corruption and Bribery
Lesson 14: Obtaining and Using Data
Lesson 15: Interviews
Lesson 16: Role of Auditors
Lesson 17: Conclusion
ACFE online self-study courses feature:
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Save time and quickly earn CPE credits with instant access, grading and printable certificate
The flexibility to start or stop a course and pick-up right where you left off
No additional shipping fees
Learn more about accessing your online self-study course.
Learn more about online self-study courses and their features.
Internet access: High-speed connection recommended
Free Adobe Flash Player
Speakers required for video sound
Online Self-Study Troubleshooting Guide:
Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.
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Problem: I receive the following error when I try to load a different lesson with a course:
Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:
Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.
Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).
Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:
Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.
Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here
Make sure you are running the latest version of Flash. Go to Adobe.com to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.