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  • Finace Frauds

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    Mrx Quyet
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    This document discusses financial statement fraud, including how to detect it and why it occurs. It notes that fraud happens due to pressure to meet targets or debt obligations, as well as weaknesses in financial oversight systems. Perpetrators of fraud use accounting tricks to falsify financial results, such as inflating asset values or underreporting costs. While fraud may provide short-term gains, it often ultimately leads to losses, bankruptcy and downturns for the company. Investors and authorities need to closely monitor financial statements and be aware of signs of fraud to help prevent its occurrence and negative impacts.

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    This document discusses financial statement fraud, including how to detect it and why it occurs. It notes that fraud happens due to pressure to meet targets or debt obligations, as well as weaknesses in financial oversight systems. Perpetrators of fraud use accounting tricks to falsify financial results, such as inflating asset values or underreporting costs. While fraud may provide short-term gains, it often ultimately leads to losses, bankruptcy and downturns for the company. Investors and authorities need to closely monitor financial statements and be aware of signs of fraud to help prevent its occurrence and negative impacts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    6 views10 pages

    Finace Frauds

    Uploaded by

    Mrx Quyet
    This document discusses financial statement fraud, including how to detect it and why it occurs. It notes that fraud happens due to pressure to meet targets or debt obligations, as well as weaknesses in financial oversight systems. Perpetrators of fraud use accounting tricks to falsify financial results, such as inflating asset values or underreporting costs. While fraud may provide short-term gains, it often ultimately leads to losses, bankruptcy and downturns for the company. Investors and authorities need to closely monitor financial statements and be aware of signs of fraud to help prevent its occurrence and negative impacts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 10

    FINACIAL FRAUDS !.

    I: HOW TO KNOW .
    Accounting.
    In the opinion stated in the Accounting Law of Vietnam Collection INFORMATION in the form of financial value, kind and labor time Processing

    Providing economic

    Analysis

    Financial statements
    Financial statements are a formal record of the financial activities of a individuals or other organization

    Fraud in the financial statements


    Fraud in the financial statements is the accounting tips that the owner or manager used to falsify financial situation and business results of enterprises

    FRAUD
    WHY

    II: WHY .
    Causes for pressure.

    PRESSURE TO
    Maintain business and attract investors when debts exceed the control. Meet the target ( profit, revenue). Bonus or finance reward when staff finish mission. Staff must obey superior.

    Loopholes of the system of financial supervision.: L hng trong h thng ti chnh. The institutional flaws in the free market : Thiu st trong c ch thi trng t do.

    Causes for chance.


    Weaknesses, loopholes of the system of financial supervision and the institutional flaws in the free market . The highly developed information technology increase the scope and extent of the frauds. The exaggerated by the mass media about the effectiveness and credibility of the scammers. Psychology "investment with crowd"

    III: RESUILT .
    ADVANTAGE.

    Good project.

    Frauds

    Happiness.

    Difficulty

    DISADVANTAGE

    ENRON SCANDAL.
    BAD PROJECT.

    FRAUD.

    LOSS, BANKRUPT, DOWN TURN.

    IV: HOW DO.


    Increase account estimate . Using price and finance policy

    Value in Future.

    Value in present. Value in present.


    Transfer value. Cutting useful cost: R&D, Promotion, maintaince cost. Producing overload. Delay pay the cost of not using or inventory.

    V: CONCLUSION .
    Change: Reduce the loss to society, to help improve the quality of Leader, big share holder. Finance information in the financial statements. director or chief
    accountants. Find out the cause.
    Understand how to perform fraud, conditions give rise to fraud

    To find fraud,investor need to very often and detect Preventupdate informationfraud.

    Financial and non-financial

    Summary, hold signs of fraud to help businesses

    THANKS YOU FOR LISTENING!

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