This course covers the basics of financial statement fraud including red flags and ways to detect potential schemes, with a focus on International Financial Reporting Standards (IFRS). It provides an overview of IFRS and guidance related to revenue recognition revisions under IFRS.
ACFE Ordering and Return Policy
You Will Learn How To:
- Assess international financial reporting standards and their potential impact on the financial reporting process globally
- Examine financial statement fraud in general and related fraud schemes
- Identify red flags of financial statement fraud schemes
- Determine methods used to detect financial statement fraud
ADVANCED PREPARATION: NONE
FIELD OF STUDY: ACCOUNTING
LAST UPDATED: DECEMBER 2020
DELIVERY METHOD: QAS SELF-STUDY
Table of Contents:
- Lesson 1: Financial Statement Fraud
- Lesson 2: Responsibility for Financial Statements
- Lesson 3: International Financial Reporting Standards
- Lesson 4: IFRS 1 First-Time Adoption
- Lesson 5: IFRS 13 Fair Value Measurement
- Lesson 6: IFRS 15 Revenue from Contracts with Customers
- Lesson 7: Revenue Recognition Fraud Schemes
- Lesson 8: Improper Deferral of Costs and Expenses
- Lesson 9: Improper Asset Valuation
- Lesson 10: Improper Recording of Liabilities
- Lesson 11: Inadequate Disclosures
- Lesson 12: Detecting Fraud Through Financial Statement Analysis
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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.