Question

In: Accounting

Research three Articles on Embezzlement and frud in accounting. Articles can be locally. locally,nationally or internationally.please...

Research three Articles on Embezzlement and frud in accounting. Articles can be locally. locally,nationally or internationally.please provide a brief paragraph telling. how the article relates to Embezzlement or frud in accounting. also provide a copy of the article.or a URL to access the article.

Solutions

Expert Solution

Answer : Defalcation of Cash: Defalcation of cash has been found to perpetrate generally in the following ways -
(i) By inflating cash payments.
Some of Examples of inflation of payments:
(1) Making payments against fictitious vouchers.
(2) Making payments against vouchers, the amounts whereof have been inflated.
(3) Manipulating totals of wage rolls
(ii) By suppressing cash receipts.

Few Techniques of how receipts are suppressed are:
(1) Teeming and Lading:

Amount received from a customer being misappropriated; also to prevent its detection the money received from another customer subsequently being credited to the account of the customer who has paid earlier. Similarly, money received from the customer who has paid thereafter being credited to the account of the second customer and such a practice is
continued so that no one account is outstanding for payment for any length of time, which may lead the management to either send out a statement of account to him or communicate with him.
(2) Adjusting unauthorised or fictitious rebates, allowances, discounts etc. to
customer’ accounts and misappropriating amount paid by them.
(3)not accounting for cash sales fully

Thank you hope this helps you


Related Solutions

three Articles on embezzlement and frud in accounting.Articles can be locally,nationally or internationally.please provide a brief...
three Articles on embezzlement and frud in accounting.Articles can be locally,nationally or internationally.please provide a brief paragraph telling how the article relates to embezzlement or frud in accounting.also,please provide a copy of the article or a URL to access the article.
eActivity Research the Internet for several recent (within the last three years) articles on financial accounting...
eActivity Research the Internet for several recent (within the last three years) articles on financial accounting reporting on pension plans. Be prepared to discuss "Accounting for Pension Plans" Please respond to the following: From the e-Activity, create an argument for the use of the mark-to-market accounting method for pension accounting. Evaluate the impact of earnings volatility on financial reporting using mark-to-market accounting, and indicate whether or not you believe this is a fair representation of pension obligations. Defend the current...
Raising the minimum wage has been a hot topic locally and now nationally in congress. SeaTac...
Raising the minimum wage has been a hot topic locally and now nationally in congress. SeaTac raised it a couple of years ago. What are the arguments pro and con for raising the minimum wage? What effect do you think it will have on the economy in Seattle?
Conduct a library research to find three to five scholarly articles related to an optimal monetary...
Conduct a library research to find three to five scholarly articles related to an optimal monetary policy in an open economy. Critique this topic by analyzing the strengths and weaknesses of the articles, and then propose a recommendation for future research. Explain how an optimal monetary policy could influence the global financial crisis.
Demand Estimation Project Fred’s Accounting & Tax services is new but a locally well-known accounting firm...
Demand Estimation Project Fred’s Accounting & Tax services is new but a locally well-known accounting firm in San Angelo, TX that completes TAX returns for individuals. Every year firms like Fred’s decide how much to charge to complete an individual return. The price determines how many tax returns firms complete each year. Suppose you are the NEW OFFICE manager at Fred’s who is tasked to determine what your office should charge next year for tax returns. Since this is all...
10. The number of research articles in a prominent journal written by researchers during 1983-2003 can...
10. The number of research articles in a prominent journal written by researchers during 1983-2003 can be approximated by ?(?) = 4.1?^0.6? /0.2+?^0.6? thousand articles per year (0 ≤ ? ≤ 20) where ?time in years is (? = 0 represents 1983). Assuming there were 0 articles prior to 1983, find an expression for the total number of articles (in thousands) written since 1983.
Research is conducted to resolve problem and find solutions. In accounting, research can be conducted in...
Research is conducted to resolve problem and find solutions. In accounting, research can be conducted in several areas to solve several accounting issues. Considering each and every areas of accounting you need to highlight the keys problems which may arise in each area and how would solve those problem. a)      Discuss the problem which may arise in accounting information system b)      What problem may arise in management accounting area? c)      Identify the problem which may be arising in financial accounting?    d) How...
Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the...
Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently. Provides at least two scenarios published within the last 5 years and a concise, detailed summary of how each of the situations would have been handled under the GAAP principles and how the same scenario would have been handled under the IFRS principles
Discuss the difference between practitioner articles and academic research articles. In your discussion clearly explain each...
Discuss the difference between practitioner articles and academic research articles. In your discussion clearly explain each of these two article types. Also, present your opinion supporting which article type you prefer to use in your term paper and why.
Research and development costs can be recorded differently according to International Accounting Standards. Research is recognized...
Research and development costs can be recorded differently according to International Accounting Standards. Research is recognized as an expense of the period and development expense can be capitalized. REQUIRED: With respect to research and development: a)    Explain how managers can use discretion to record an expense as research rather than development to provide alternative income and balance sheet figures. b)    How does recording innovation expenses as research rather than development change the income statement and balance sheets figures? c)...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT