Describe occupational fraud and abuse. Compare and contrast Cressey’s and Albrecht’s theories of crime causation. Identify from Cressey’s research the six situational categories that cause nonshareable problems.

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Forensic Accounting and Fraud Examination

REVIEW QUESTIONS 1

1. Describe occupational fraud and abuse.

2. Compare and contrast Cressey’s and Albrecht’s theories of crime causation.

3. Identify from Cressey’s research the six situational categories that cause nonshareable problems.

4. Discuss the essence of organizational crime.

5. Give examples of behavioral indications of fraud.

REVIEW QUESTIONS 2

1. What remedies are available through the civil and criminal justice systems?

2. Under what circumstances would a Miranda Warning be required?

3. What constitutes “good cause” in the discharge of an employee?

While it is not required, some firms are now including triple bottom line reporting in their annual report to shareholders. Define triple bottom line reporting and expand on its importance in management’s reports to shareholders.

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Discussion question

No outline, 2-3 Paragraphs, 2 references and around 15 lines

While it is not required, some firms are now including triple bottom line reporting in their annual report to shareholders. Define triple bottom line reporting and expand on its importance in management’s reports to shareholders.

 

 

Assume yourself to be a cost manager of SABIC industries and you are tin the task of cost classifications for predicting cost behavior. Explain any three approaches, you would apply in in predicting or estimating the future cost of the organization.

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DISCUSSION QUESTIONS

  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO No exceptions.
  • All answers must be typed using Times New Roman (size 12, double-spaced) No pictures containing text will be accepted and will be considered plagiarism.
  • Submissions without this cover page will NOT be accepted.

Assignment Question(s): (Marks 15)

Q1. Assume yourself to be a cost manager of SABIC industries and you are tin the task of cost classifications for predicting cost behavior. Explain any three (3) approaches (with examples), you would apply in in predicting or estimating the future cost of the organization. (3 MARKS)

Answer:

 

Q2: A Manufacturing Company completed Job 1 and 2 in March2022 and the company uses job-costing system under normal costing to apply manufacturing overhead using Direct Labor hours. The cost details of Job 1and 2 are given below.

(4 MARKS)

Title Job 1 Job 2
Direct labor cost SAR 15,000 20,000
Direct materials cost SAR 35,000 25,000
Machine hours used 10 15
Direct labor hours 30 20
POHR as per direct labor hour SR 50 SR50

 

Required: Calculate the total job cost for Job 1 and 2

Answer:

 

Q3.a. Latif Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company’s three activity cost pools are as follows:

Required:

  1. Compute POHR per activity (Round off to two decimal places)
  2. Calculate the overhead cost per unit, if the company produces 1,000 units of product A and 500 units of product B. (6 MARKS)

Answer:

  1. Some scientists’ belief that costs of implementing an ABC system may outweigh the benefits. However, there are reasons justifying costs. List 4 reasons. (2 MARKS)

Answer:

 

Q4. Explain Equivalent Units of Production and its computation using weighted average method and FIFO method. (2 MARKS)

Answer

 

Q5 T Corporation produces and sells a single product.  Its selling price is SAR15 per unit, and variable cost per unit is SAR12.  Total fixed costs are SAR3, 000.

  1. What is T Corporation’s contribution margin per unit?
  2. Calculate the breakeven point in units.
  3. How many units must T Corporation sell for a profit of SAR10, 000?

(3 MARKS)

If these scenes show sexual harassment, what type of harassment is it? Did Elle behave appropriately or inappropriately in Professor Callahan’s office?

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DISCUSSION ESSAY

Homework: Biz Video HW – go to link https://www.youtube.com/watch?v=kSnLCfDBkvo. Watch this short video. Then using what you learned in class and text answer the 3 questions in a couple sentences. Type answers. You must answer the questions in complete sentences backing up your answers with what happened in the video.

Questions to answer:

  1. Does Professor Callahan (Victor Garber) sexually harass Elle Woods’ (Reese Witherspoon)? If yes, what is the evidence in these scenes?
  2. If these scenes show sexual harassment, what type of harassment is it?
  3. Did Elle behave appropriately or inappropriately in Professor Callahan’s office?

 

Create your own prior year data to analyze in the MD&A. On the last page of the MD&A write a 1-2 page faith integration based on the concepts used in the course and the biblical integration discussed, or any other biblical concepts you find appropriate.

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Auditors Report & Management Discussion & Analysis

You will complete a Management Discussion and Analysis based on the final problem (financial data from this problem is attached) of your comprehensive problems in connect. This will involve creating mock information on the entity that describes its operation.It also involves using the trial balance information and creating some basic financial statements in excel and then linking or pasting those statements into the MD&A in Microsoft Word. There is an MD&A template attached for you to use, but the wording should be changed significantly to make each MD&A unique to the student who creates it. You should attach (either paste or past link) the financial information as appropriate. The template should get you started, however you will need to pull financial information from the appropriate connect problem, and create your own prior year data to analyze in the MD&A. On the last page of the MD&A write a 1-2 page faith integration based on the concepts used in the course and the biblical integration discussed, or any other biblical concepts you find appropriate.

Write a three-page paper, arguing for three sides of a case from Called to Account, noted below. Pick the three sides by using the subjects in your case.

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CASE STUDY

This assignment showcases your ability to understand and the multi-faceted nature of ethical dilemmas and how to apply appropriate decision-making in the real world. Write a three-page paper, arguing for three sides of a case from Called to Account, noted below. You will pick the three sides by using the subjects in your case. (You can use any case from Called to Account: Financial Frauds that Shaped the Accounting Profession – 2nd Edition, Clikeman, Paul M., 2013, Routledge; ISBN: 978-0-415-63025-2)

Include the following concepts in your analysis:

Fraud triangle
Professional judgment
Internal controls

Professional expectations/rules of CPAs: both implied and written

Compare the types of processors, chipsets, memory systems, storage, and expansion cards, then to provide a summary recommendation.

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ASSIGNMENT

You and a co-worker are putting together a system recommendation for the CEO of a small business. Your role is to compare the types of processors, chipsets, memory systems, storage, and expansion cards, then to provide a summary recommendation.

Include the following in your recommendation:

  • The names of the specific components you compared (at least three)
  • Your final recommendations and reasoning
  • The challenges that may occur when installing and configuring your recommended components and the security factors to be considered for each component

Present your recommendation in one of the following ways:

  • A 2- to 3-page executive summary paper
  • A 10- to 15-slide presentation with detailed speaker notes and optional narration

DO the detailed speaker notes, not the narration

 

Using the information provided, prepare a preliminary damages estimate and explain the basis for your opinion on each item. Identify any questions or information you would to see or analyze to support your damages estimate.

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ACME AVIATION CASE STUDY

In your course textbook, read Exercise 24, Acme-Aviation (AA) in Chapter 10, page 10-30.Requirements:

1.You are the expert that has been hired by Fast Deliveries to develop a damages estimate for them that you will defend in deposition and at trial, if necessary. Using the information provided, prepare a preliminary damages estimate and explain the basis for your opinion on each item. Identify any questions or information you would to see or analyze to support your damages estimate.

2.You are an expert who has been hired by Acme Aviation to develop a damages estimate for them that you will defend in deposition and at trial, if necessary. Using the information provides, prepare a preliminary damages estimate and explain the basis for your opinion on each item. Identify any questions or information you would to see or analyze to support your damages estimate.

 

The coverage for the stocks listed on the New York Stock Exchange in a comparable time period was 5.1. Other things being equal, does AGF appear to have higher or lower interest coverage than others in its industry?

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DISCUSSION ESSAY

Long-term solvency refers to a company’s ability to pay its long-term obligations. Financing ratios provide investors and creditors with an indication of this element of risk.

Required:

I. Calculate the debt to equity ratio for AGF for 2024.

2. The average ratio for the stocks listed on the New York Stock Exchange in a comparable time period was 1.0. Other things being equal, does AGF appear to have higher or lower default risk than others in its industry?

3. Is AGF experiencing favorable or unfavorable financial leverage?

4. Calculate AGF’s times interest earned ratio for 2024.

5. The coverage for the stocks listed on the New York Stock Exchange in a comparable time period was 5.1. Other things being equal, does AGF appear to have higher or lower interest coverage than others in its industry?

Suppose another friend, in a provocative mood, were to ask you how you know that you are not dreaming right at this moment. What can you say? How would you prove to yourself that this is not true?

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Scientific answer

Some of the information you have been given in your courses in school is, inevitably, not true. How would you start to prove to yourself that all of it is not false?

Suppose a friend were to challenge you, “How do you know that  2 +  2 = 4?” How would you answer?

Suppose another friend, in a provocative mood, were to ask you how you know that you are not dreaming right at this moment. What can you say? How would you prove to yourself that this is not true?

Is thinking rationally always the best way to think? Is the scientific answer to a question always the most true?