User Account

All Pages

Discuss what steps can be taken to avoid this type of scam

Assignment Help Accounting Basics
Reference no: EM131750451

PHONY INVOICE SCAMS A popular method for defrauding a company is to issue a phony invoice. The scam begins by initially contacting the target firm to discover details of key business contacts, business operations, and products. The swindler then uses this information to create a fictitious invoice. The invoice will include names, figures, and other details to give it the appearance of legitimacy.

What steps can be taken to avoid this type of scam?

Reference no: EM131750451

Questions Cloud

What was the conclusion of studies on employees : What was the conclusion of studies on employees who performed unsatisfactorily and received corrective discipline?
What are slang and cant and jargon and argot : How do your movements, gestures, eye contact, and clothing influence your relationship with your audience and the communication of your message?
Small number of businesses in the oligopoly industry : Why are there only a small number of businesses in the oligopoly industry, such as 2-3 car makers in the U.S. or three large cereal makers that control 80-90%.
Evaluate the number of shares repurchased : Assuming there were 32,000,000 shares outstanding at the beginning of 1984, and that shares have traded at a stable price/earnings ratio of 16 since then.
Discuss what steps can be taken to avoid this type of scam : The invoice will include names, figures, and other details to give it the appearance of legitimacy.
Prepare a table listing at least seven data items collected : Prepare a table listing at least seven data items collected in this transaction and how they are entered into the system.
Discuss the highest cost of sales : During periods of inflation which of the following will yield the highest cost of sales
What do you think is the right perspective : Some others contend that the Fed should be abolished. What do you think is the right perspective?
What is the only cost to the teachers due to strikes : Arbitrators are generally from two groups. What is the only cost to the teachers due to strikes?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd