scholarly journals Star Electronics, Inc.: An Excel Based Case Using Financial Statement Analysis To Detect Fraud

2011 ◽  
Vol 4 (3) ◽  
pp. 53
Author(s):  
Joseph M. Ragan ◽  
Andrew J. Hadley ◽  
Alexander P. Raymond
Keyword(s):  
Board Of Directors ◽  
Financial Statement ◽  
Red Flags ◽  
Financial Statement Analysis ◽  
Detection Techniques ◽  
Corporate World ◽  
Forensic Accounting ◽  
The Board Of Directors ◽  
Fraudulent Activity

The demand for forensic accounting within the corporate world is continually increasing. The services performed by forensic accountants help detect and prevent fraud within companies. This case is a study of forensic accounting that utilizes fraud methodology and detection techniques through a simulation engagement. Those who complete this case will proceed through a series of procedures that will lead to the formulation of potential fraudulent activity within the discussed company. The addressed procedures include: understanding the business, determining the areas that may be susceptible to fraud, performing analytical procedures to detect fraud, and creating a report to the board of directors as a follow up to any potential red flags found during the performed testing.

Who’s the BOSS? Analysis of a Fraud

2021 ◽  
Author(s):  
Eileen Z. Taylor
Keyword(s):  
Student Engagement ◽  
Real World ◽  
Financial Statement ◽  
Accounting Students ◽  
Work Experiences ◽  
Red Flags ◽  
Financial Statement Fraud ◽  
Financial Statement Analysis ◽  
News Stories ◽  
Public Company

Based on a real world, public company, $30 million embezzlement and financial statement fraud, this case helps students recognize red flags, analyze a situation using the fraud diamond, perform research and reflect on their own work experiences to support a belief, and conduct financial statement analysis. Its variety of activities are suitable for both undergraduate and graduate accounting students, and in-class and out of class learning. Because it is based on an actual fraud, it includes an epilogue with links to news stories and court documents, which improves student engagement with the material.

Bayern Brauerei

2017 ◽  
pp. 1-13
Author(s):  
Robert F. Bruner
Keyword(s):  
Financial Performance ◽  
Board Of Directors ◽  
Financial Statement ◽  
Sales Volume ◽  
Marketing Manager ◽  
The Past ◽  
Financial Plan ◽  
The Board Of Directors ◽  
Compensation Plan ◽  
Quarterly Dividend

A new director of this small brewery must prepare to vote on three issues coming before the board of directors the next day: (1) approval of the financial plan for 1993, (2) quarterly dividend declaration, and (3) incentive-compensation plan for the marketing manager. The tasks for the student are to evaluate the past and prospective financial performance of the company and to assess the extremely liberal credit and inventory terms the company is extending to its distributors. The objective of the case is to introduce and exercise tools and concepts of financial-statement analysis. Perhaps the biggest insight gained by students concerns the link between incentives and financial performance: in this case, the marketing manager is motivated to build sales volume, which he accomplishes by a dramatic buildup in receivables and inventory.

scholarly journals Company financial health: Financial statement users’ and compilers’ perceptions

2014 ◽  
Vol 7 (3) ◽  
pp. 819-836
Author(s):  
Elda Du Toit ◽  
Frans Vermaak
Keyword(s):  
South African ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Health ◽  
Red Flags ◽  
Financial Statement Analysis ◽  
Structured Questionnaire

Some prior studies have investigated using analyses of financial statements to reveal companies’ financial health, but the usefulness of using such analyses to reveal the financial health of companies and possible presence of accounting irregularities in South African companies needed further investigation. This study examines whether users and compilers of financial statements believe that analysing financial statements can provide clear indications of companies’ financial health. The study was conducted by means of a structured questionnaire based on statements made by experts in the field of accounting and financial statement analysis. The results from 237 respondents show that the compilers and users of financial statements are convinced of the usefulness of financial statement analysis in evaluations of companies’ financial health. This suggests that close scrutiny of a company’s financial statements, with an attitude of scepticism, has the potential to reveal possible irregularities and raise red flags about unhealthy company practices.

scholarly journals Corporate Governance and Financial Statement Disclosure Quality in Jordanian Commercial Banks

2016 ◽  
Vol 8 (10) ◽  
pp. 192 ◽  
Author(s):  
Mohammed Khaled Al Attar
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Commercial Banks ◽  
Financial Statement ◽  
Disclosure Quality ◽  
Stable Level ◽  
Study Results ◽  
The Board Of Directors ◽  
Total Data ◽  
Simple Regression

The objective of this study is to measure the level of corporate governance and its effect on disclosure quality in commercial banks in Jordan. The study is implemented on the Jordanian commercial banks listed at Amman Bourse for the period 2008 to 2014. The study sample consists of (12) banks. The total data observations were (60) (bank/year) observations. The study used the level of compliance with disclosure instructions as a proxy for disclosure quality, and the structure of the board of directors as a proxy for corporate governance. The researchers used three hypotheses to achieve the objectives of the study. They used simple regression technique to test the hypotheses. The study results showed that there is a high and stable level of corporate governance in Jordanian commercial banks.

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