A Primer For Avoiding Common Financial Statement Fraud
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A Primer For Avoiding Common Financial Statement Fraud

This course discusses some common financial statement shenanigans to help you avoid being fooled by them.
New
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1 student enrolled
Last updated 7/2017
English
Current price: $10 Original price: $50 Discount: 80% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Identify the seven most popular recipes for “cooking the books”.
  • Recognize the triggers that cause people to commit financial statement fraud.
  • Discover infamous corporate scandals highlighting “financial shenanigans”.
  • Discover techniques for increasing awareness and detecting financial statement irregularities and potential fraud.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are required for this course.
Description

Senior management yearns to report positive news and impressive financial results that will please investors, bankers and drive value higher. While most companies act ethically and follow prescribed accounting rules, some take advantage of gray areas in the rules or ignore them altogether in order to portray their financial results in a misleading way. This course discusses some common financial statement shenanigans to help you avoid being fooled by them.

This course covers: 

  • In-depth discussion of common financial reporting irregularities.
  • Methods of detecting these irregularities and their “red flags”.
  • Reviews of the factors present when confronting financial statement fraud.
  • Foolproof ways to prevent them from fooling you!
Who is the target audience?
  • Anyone interested in finance or related fields.
Compare to Other Finance Courses
Curriculum For This Course
9 Lectures
01:48:26
+
Introduction
7 Lectures 01:48:24



Symptoms of Fraud
09:04

Telltale Signs of Fraud
09:53

Telltale Signs of Fraud (Continued)
13:24

Cooking The Books! A Primer on Avoiding The Most Common Financial Statement
54:11
+
Supporting Materials
2 Lectures 00:02
Slides: Cooking The Books!
00:01

Cooking The Books! Glossary/Index
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
3 questions

FINAL EXAM
5 questions
About the Instructor
Illumeo Learning
4.4 Average rating
322 Reviews
1,365 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Jay Giannantonio (Illumeo)
5.0 Average rating
1 Review
1 Student
1 Course

Finance executive with proven success in guiding companies to improve finance operations, impact business growth and maximize profits through achievements in financial management, cost reductions, internal controls and efficiency improvements. Extensive finance, administration and public accounting experience in diverse industries including manufacturing, pharmaceutical, and business services companies. Recognized expert in Risk Assessment, Internal Audit, Project Management, ERP financial business requirements and SOX compliance in complex systems.

Experience

Principle : BNA Training & IT Solutions - [2011-04 to Current]

Senior Project Director leading, advising and guiding client projects on various complex financial issues (i.e., strategic planning, budgeting, the financial close, fraud, and SOX governance, and risk management projects)

Director - CFO Advisory Services : E&Y (formerly ISA Consulting) - [2008-01 to 2011-04]
• Senior Project Director in advising and guiding clients on various complex financial issues (i.e., strategic planning, budgeting, the financial close, risk management, internal audit, and SOX compliance projects).
• Produce and implement financial strategies and planning to overcome various financial obstacles and challenges posed by clients to improve CFO processes, reduce fixed costs and improving financial cycle times.

Project Manager BNA Training & IT Solutions - [2007-05 to 2007-12]
Project Manager in advising and guiding clients on various complex financial issues (i.e., strategic planning, budgeting, the financial close, and risk management projects).

Vice President - Internal Audit : NationsRent Companies - [2005-05 to 2006-07]
Vice President – Internal Audit; Chief Internal Auditor
• A corporate officer; direct responsibility and authority over the national internal audit department for the entire company.
• Directed and managed a corporate-wide risk assessment program.
• Advised as subject matter expert for the company's SOX compliance efforts.

Accomplishments
• Created and led national internal audit department providing comprehensive risk assessment for the company. Hired and grew staff to ten full-time professionals.
• Pioneered successful effort (as one of the industry’s first) to utilize an integrated audited approach.
• Led massive internal audit effort immediately following department formation. Audited one-third of all stores nationwide (approximately 70 out of 240 stores) in the first year.

Director - Internal Audit & CFO Services : KPMG, LLP - [1997-10 to 2005-05]
Oversaw creating and implementing cutting-edge strategies and plans to improve CFO processes, reduce fixed costs and improving financial cycle times.

Specialized in large-scale finance transformation, risk assurance, internal audit and SOX compliance projects.

Controller/Senior Manager - Finance: Verizon/Bell Atlantic - [1988 - 1997]

Controller for a $1B Line of Business, Regulatory Rate Case Witness, Senior Manager - Internal Audit

Supervising Senior Auditor - PwC (former Coopers & Lybrand) - 1982 - 1988

Education

Master's of Science, Organizational Dynamics : University of Pennsylvania - [ to 1994]

Bachelor's of Science, Business Administration : LeBow College of Business (at Drexel University ) - [ to 1980]