PPT-Chapter 12: Revenue- and Inventory-Related Financial Statem

2016 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part This chapter focuses on revenueand inventoryrelated financial statement frauds Specifically it focuses on identifying financial statement fraud exposures While doing this it is important to focus on transactions and accounts that are affected by and correspond with the potential frauds . 622 which became effective on 3 March 2014 The amendments apply to the first financial year of companies that begins on or after the commencement date of the new C ompanies rdinance and all subsequent financial years ie typically the first set of f 8 The following supporting information is available:(i)An item of plant with a carrying amount of $240,000 was sold at a loss of $90,000 during the year. Depreciationof $280,000 was charged (to cost o financial reporting quality. Presenter’s name. Presenter’s title. dd. Month . yyyy. financial reporting quality . VS. . quality of reported results . Financial Reporting Quality. Decision-useful information. Guy Ficco . Supervisory Special Agent. May 22, 2012. Introduction to IRS. Criminal Investigation. CI’s Mission. In support of the overall IRS Mission, Criminal Investigation serves the American public by investigating potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the tax system and compliance with the law. . Presented by:. Mr Andile Dyakala. Chief . Financial Officer. Table of Contents. Government Vision and Strategic Objectives. Tshwane . 2055. 2012/13 . MTREF. Revenue . Security and Financial . Sustainability. 1. Chapter Outline. 3.1 Financial Statements Analysis. 3.2 Ratio Analysis. 3.3 The Du Pont Identity. 3.4 Financial Models. 3.5 External Financing and Growth. 3.6 Some Caveats. Extra: Personal Finance Applications. Copyright 2014-2015 AICPA Unauthorized copying prohibited. Identifying Inventory and Cost of Goods Sold Fraud Exposures. O. ne . of the easiest ways to identify fraud exposures is to diagram the various kinds of transactions that can occur . 4-H & Master Gardeners. With . No . Private Bank Account. Financial Reporting Periods. Active 4-H clubs and groups report on Federal fiscal year. . . October 1. st. through September 30. th. . Joseph F. . Brazel. North Carolina State University . Raleigh-Durham Chapter of The Institute of Internal Auditors . January 13, 2015. Sponsors. Institute of Internal Auditors Research Foundation. Financial Industry Regulatory Authority (FINRA) Investor Education Foundation. Collection/. Customer Support Process: Recording and Evaluating Revenue Process Activities. 10-. 2. When are Revenues Recognized?. When earned, regardless of when cash is received. Assume a December 31 year-end for the following examples.. Charting Your Company’s Path to 2025. Revenue Trends Since the Transformation Order. $2B Cap. $2B Target. Overlap. Expense Caps. Local Rate Floor. RoR. Phasedown to 9.25% . Glide Path. A-CAM II. A-CAM I. Funded by: Cooperative Agreement for the National Evaluation of the Rural Hospital Flexibility Program. Technical and Non-Financial Assistance for the Office of Rural Health Policy, HRSA, U.S. DHHS (PHS Grant No. U27RH01080. LO16–1: Explain what strategic sourcing is.. LO16–2: Explain why companies outsource processes.. LO16–3: Analyze the total cost of ownership.. LO16–4: Evaluate sourcing performance.. McGraw-Hill/Irwin. Financial Affairs. Office of the Bursar. Purpose. Establish/Document procedures for processing Revenue . receipts.. Provide accurate and secure receipting, processing, and reporting of revenue . collected..