Illustrate what is it about these two types of accounts

Assignment Help Financial Accounting
Reference no: EM13126736

Among financial statement frauds, Revenue and Inventory accounts are the ones most often used to perpetrate fraud. What is it about these two types of accounts that makes them more prone to fraud?

Reference no: EM13126736

Questions Cloud

What are the journal entries : A company issues 5% stock dividends, 15,000 shares, $2.00 par value, initially stock was $12, but current trading value is $20, what are the journal entries?
Determining volume of ellipsoid : Find the volume of the ellipsoid generated by rotating around the x axis the region bounded by the ellipse with the equation (x/a)^2 + (y/b)^2 = 1
Find chance that jewelry store gets exactly two sets : A jewelry store orders five sets of earrings from this supplier. If the supplier selects the pairs of earrings at random, what is the chance that the jewelry store gets exactly two sets of platinum pairs?
Elimination for machine account as a result of transaction : What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result fo this transaction?
Illustrate what is it about these two types of accounts : Among financial statement frauds, Revenue and Inventory accounts are the ones most often used to perpetrate fraud. Illustrate what is it about these two types of accounts that makes them more prone to fraud?
Calculate the final temperature of the solution : A 13.4-g sample of CaCl2 is dissolved in 109 g of water, with both substances at 25.0°C. Calculate the final temperature of the solution
Computing total work done : A tank in the shape of an inverted right circular cone has height 6 meters and radius 4 meters. It is filled with 5 meters of hot chocolate. Find the work required to empty the tank by pumping the hot chocolate over the top of the tank.
Illustrate what does inventory levels need to be maintained : Illustrate what does Inventory levels need to be maintained at 10% of the next months’ cost of goods sold. The gross margin for Spacely is 40%. There was $1,800 of inventory on hand at the end of December.
How many kilojoules of heat must be removed : If the water initially has a temperature of 26 0C, how many kilojoules of heat must be removed to cool and freeze the water at 0 0C?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Fill the journal entry to record interest

Fill the journal entry to record interest on 30 th June, using the effective interest method and prepare journal entry to record interest on 31 st December, using the efficient interest method.

  Preparation of cash flow statement

Preparation of cash flow statement using the information given  - What impact would the 2007 cash surplus (deficit) have on their January 1, 2008 balance sheet?

  Amount of its retained earnings at end of year

Declared and paid $10,000 of dividends. In addition, the company sold additional common stock amounting to $14,000. As a result, the amount of its retained earnings at the end of the year would be.

  Financial reporting and analysis

Prepare a trial balance at January 31, 2012, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information and Prepare and post adjusting and closing entries.

  Cash flows from operating activities and net income

Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.

  Calculation of overhead variances

Calculation of Overhead Variances - Budget for actual hours of inputand find the Overhead Variances

  Prepare a bank reconciliation at july 31

Prepare a bank reconciliation at July 31, 2007 and Journalize the adjusting entries at July 31 on the books of DeVries Company.

  Find the immediate dilution potential

Find the immediate dilution potential for this new stock issue and Should the new issue be undertaken based on earnings per share?

  Illustrate what is amount and character of gain long

Illustrate what is the amount and character of the gain Longworth will recognize on the sale if the sale proceeds were decreased to $15,000?

  Purpose a pension worksheet for the pension plan

Purpose a pension worksheet for the pension plan for 2013 and 2014.

  Evaluate the gross profits to be identifies

Evaluate the gross profits to be identifies for each of the three years. If the outcome of the construction contract can't be reliably estimated, evaluate the gross profit for each year be?

  Present an essay on legal issues surrounding solyndra

Ethical frameworks were discussed in chapter four of the text and you should be recognizable with these from Business Law. APA format.

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!

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