Uncovering Fraud with Advanced Financial and Ratio Analysis
Advanced
Online
Description
Data analytics can be a valuable tool for fraud examiners. Examining important patterns in data allows you to understand what is occurring within an organization and also enables effective decision-making. Ratios and financial analysis are used by many professionals to analyze organizations’ performance and financial health. Moreover, they can also be used to help you identify the red flags of fraud.
In this course, you will learn about using ratios and other analytical techniques as tools for detecting all three categories of fraud: asset misappropriations, financial statement fraud and corruption.
Topics Covered Include:
- Different fraud schemes detected through ratio analysis
- Cash conversion cycle analysis
- Micro-level composition ratios
- Spending ratios
- DuPont Model and multiple-ratio scores to detect fraud
- Other types of financial and ratio analysis
- Nonfinancial data in fraud detection
Prerequisites
A solid understanding of the creation of and relationships between an organization’s financial statements and records.
You Will Learn How To:
Determine the fraud detection capabilities of traditional horizontal, vertical and ratio analyses.
Recognize the different financial analyses aimed at detecting specific types of fraud schemes.
Identify financial anomalies, including duplicate transactions and violations of Benford’s Law.
Apply complex ratios and other multiple-factor analyses.
Plan targeted ratios that combine nonfinancial data with financial data.
Table of Contents
| Lesson 1 | Introduction |
|---|---|
| Lesson 2 | Ratio Analysis and Fraud Detection |
| Lesson 3 | Financial Ratios - Part 1 |
| Lesson 4 | Financial Ratios - Part 2 |
| Lesson 5 | Financial Ratios - Part 3 |
| Lesson 6 | Using Multiple-Ratio Scores to Detect Fraud |
| Lesson 7 | Other Types of Financial and Ratio Analysis |
| Lesson 8 | Using Nonfinancial Data in Fraud Detection |
| Lesson 9 | Conclusion |
CPE Information
| CPE Credit: | 4 |
|---|---|
| NASBA Information: | Accounting |
| Advanced Preparation: | None |
| Last Updated: | October 2023 |
| Delivery Method: | QAS Self-Study |
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
ACFE Online Self-Study Courses
Features:
- 24/7 access to courses through your Internet browser
- 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
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
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.nasbaregistry.org/.
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