Forensic Accounting in Practice - 1443 Words

Running Head Page 1 Forensic Accounting In Practice Ronald Wimberly-EL Bagher Fardanes, Ph.D, MPA Business 508 May 19,2013 Running Head: Forensic Accounting In Practice Page 2 The five most important skills a forensic accountant should know are: Accounting, Auditing, Investigative, Evidence gathering, and†¦show more content†¦More importantly, they help put together and implement systems and controls to prevent internal or external fraud from happening again.[Forensic Accounting: Kessler Internet]. Running Head: Forensic Accounting In Practice Page 4 Accounting professionals do important responsibilities beyond preparing financial statements. In a more critical role, they help managers interpret the statements by comparing data about the firm’s current activities to those for previous periods and to results posted by other companies in the industry. Fraud, by its very nature, is hidden in the accounting systems of organizations and therefore a forensic accountant is usually required to unravel the transaction history and reveal what has actually occurred. As part of this, the forensic accountant is often called upon to quantify the value of the loss experienced by an organization or individual. Any lost funds are traced from bank account to bank account to identify where the money( or assets ) being overstated by false accounting in the financial statements and records. The forensic accountant’s role is therefore to understand the accounting records and show the true nature of the transactions being recorded. Simila rly, forensic accountants are a key part in the investigationShow MoreRelatedForensic Accounting and Your Organization1185 Words   |  5 PagesForensic Accounting and Your Organization 1 Running Head: FORENSIC ACCOUNTING: WHAT IT CAN DO FOR YOUR ORGANIZATION Forensic Accounting: What It Can Do For Your Organization Kira Bailey Dr. Harper BUS 520 Strayer University Charleston, SC Forensic Accounting and Your Organization 2 ABSTRACT Forensic accounting is the application of financial skills and an investigative mentality to unresolved issues, conducted within the context of the rules of evidenceRead MoreForensic Accounting1628 Words   |  7 PagesFORENSIC ACCOUNTING MORE THAN JUST NUMBERS The field of accounting is no longer just for those who enjoy crunching numbers. Preparing financial statements, internal auditing, and tax accounting are only the tip of the iceberg. In today s society of the money hungry, the sue happy, and the financially unfit, a new breed of accountant; the Forensic Accountant has emerged. Although Investigative Accounting has been around for years, it has only recently begun to transform into the scienceRead MoreAnalysis Of The Article Balancing The Books 1172 Words   |  5 PagesIn the past, the act of â€Å"balancing the books† involved hammering through countless accounting records and ledgers, anticipating that debit entries will equal to credit entries. In current times â€Å"balancing the books† is much more complex as we have electronic databases that are housing financial data and computer software that is computing the financial data for multi-national companies, worth billions of dollars. The current state of th e global economy makes it possible for an investor in GermanyRead MoreInvestigation Of Funds Earmarked For Public Projects945 Words   |  4 Pagesbemoaning the fees charged by an accounting firm in conjunction with an investigation of funds earmarked for public projects in our community. Based on the information presented in the article, it appeared that the author did not properly appreciate the difference between â€Å"normal† accounting and forensic accounting. Additionally, the author did not appreciate the value provided by forensic accountants. The following addresses both of these information gaps. Forensic accounting began as just a necessaryRead MoreForensics Accounting : Kessler International1612 Words   |  7 Pagesleaders in forensics accounting and investigations. With its headquarters in New York City, the small company was able to grow. This firm is renowned in many countries around the world. Its dedicated accountants and analysists work very hard to catch people suspected of committing crimes involving money. Due to fraud and other forms of dishonest business behavior, Kessler International steps in to investigate. They offer a wide variety of services ranging from Forensic Accounting, Digital Forensics, IntellectualRead MoreLegal And Regulatory Environments And Ethics1712 Words   |  7 PagesRegulatory Environments and Ethics: Essential Components of a Fraud and Forensic Accounting Curriculum Forensic accounting is defined as the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes. Forensic accountant are very important part of the business for the expertRead More Foensic Accounting Essays874 Words   |  4 PagesFoensic Accounting Corporations are often the victims of the most common white-collar crimes that occur in corporate America. According to the Association of Certified Fraud Examiners (cfenet.com), â€Å"abuse and fraud by employees cost U.S. organizations more than $400 billion annually†¦[which equals] $9 per employee per day.† These statistics show the corporate need for forensic accountants, there also is an immense demand for these specialized accountants in the private sector. For exampleRead MoreForensic Accounting1497 Words   |  6 Pagesprofessors from Rider College interviewed over 150 lawyers, Certified Public Accountants (CPAs) and accounting educators. The study identified sixteen skills needed by forensic accountants. According to the study, the five most important skills are analytical skills, basic accounting skills, problem solving skills, data analysis skills and interviewing skills (McMullen Sanchez, 2010). Forensic accountants need analytical skills because as they review financial reports and other source documentsRead MoreThe Role of Accounting in Business Society631 Words   |  3 PagesRole of Accounting in Business and Society According to Merriam-Webster the full definition of accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results. An accountant is one who is skilled in the practice of accounting or who is in charge of public or private accounts. (http://www.merriam-webster.com, n.d.) Someone who has obtained a bachelor’s degree in accounting can pursue many different accounting career fieldsRead MoreThe Factors of a Good Fraud Examiner926 Words   |  4 PagesThe development of fraud examiner/forensic accounting profession since the 2001 Enron Fraud After the Enron and WorldCom business climate, there came a new US federal law called Sarbanes – Oxley Act. The SOX contains 11 titles that describe specific mandates and requirements for financial reporting. It makes corporate executives more accountable for their actions. Companies invested a tremendous amount of resources, time, and effort in order to comply with the requirements. It clearly improved the

Personal Reflection On Entrepreneurship - 1845 Words

The purpose of writing this report is to show how much I have learned and experience from enrolling in BBA 220. It is also include the impression and my personal reflection about the unit itself, and also the reflection about group project. Before I start this unit, I do not understand much about entrepreneur and entrepreneurship at all. I just know that people who do business are businessmen. However, after joining this unit, my understanding toward entrepreneur become different. Entrepreneur is someone who is willing to take risk by inventing a new business that does not exist in the market or start up their own business to make profit or take benefit of an opportunity. On the other hand, according to Joseph Alois Schumpeter (1883-1950),†¦show more content†¦There is me who study in Marketing. Matthew Chong studies in finance. Tanya Kazzi studies in bachelor of commerce which concentrate on HR. Eric Deng studies in business for four year that has a deep understanding about research and development. And Bhavisha Pindoria who studies in operation management. Because of our academic background, the work was divided according to their own respective specialty. My task in this project is to develop a marketing strategy and also analyze the market. I have done many researches that related to market that include competitors analysis, market segmentation, medium channel to deliver the message of the company as well as consumer behavior. My role is to ensure that we can position our company in the target segmentation by build up brand awareness and brand recall, and also find the effective way to deliver the message to our customers and attract them to purchase our service. My expectation toward my teammate is that we can create a good business plan and each of them can complete their own task. I also hope to understand better to see if there is any potential business partner in the future as well. And I also understand that my teammate expect me to do a bett er job in my part as well and to find the best solution that suit to our company. In the process of this group project, we face some difficulty due to the lack of communication andShow MoreRelatedWhy True Innovators Must Behave Like Entrepreneurs1029 Words   |  5 Pagesï » ¿ENTREPRENEURSHIP AND INNOVATION Analysis of the Relationship between Entrepreneurship and Innovation According to the author, personal entrepreneurship is the ability of a person to trade in goods and services for the purposes of creating wealth for the individual, while personal innovation is the ability to generate new ideas for the purpose of creating new or improved products or services. The author further argued that organizational entrepreneurship is the knack of the registered business toRead MoreEntrepreneurship : The Entrepreneurial Function1623 Words   |  7 Pageshave differing ideas on the relative value of resources or when resources are turned from inputs into outputs. The theory of the entrepreneur focuses on the heterogeneity of beliefs about the value of resources (Alvarez and Busenitz, 2001: 756). Entrepreneurship – the entrepreneurial function, can be conceptualized as the discovery of opportunities and the subsequent creation of new economic activity, as a majority or active shareholder who, in many small and medium–sized firms, assumes both the e ntrepreneurialRead MoreThe And Spouses Saw Business Outcomes880 Words   |  4 Pagesbelow table shows their feeling towards the new venture:- The following table describes about the time in entreprenuer’s life as well as their spouses: Discussion about special attention areas ï‚ · Entrepreneurship is a topic which definitely relates Engineering Management because entrepreneurship is itself starting a business and Engineering Management itself is managingthe Business. ï‚ · Yes my selected topic is important in Engineering Management because To be an entrepreneur one should haveRead MoreCompassionate Leadership : Compassionate Leader1688 Words   |  7 Pagesin authenticity, authority, and availability. Within an organization, workers can only be as effective as those who lead them. If employees are asked to blindly follow the leadership of an arrogant or abusive individual who has little regard for personal well-being or interests, then employees will begin to imitate that indifference. Employees care deeply about companies that care for them, and when they feel that their leaders and their company have doesn’t recognize their strengths or their ambitionsRead MoreThe Legal Issues For Technologists1639 Words   |  7 Pagesa thorough and effective reflection, one that I believe will be the most beneficial to me, it is imperative that we start at the beginning of the class. I would like to reflect on my efforts throughout each week, looking at the challenges faced, the practical skills I have attained, and the how I might use said skills in my life currently, or in the future. Week 1 In our first week of classes we examined several the liabilities of a person’s professional and personal life. We took a look at whatRead MoreFailed Entrepreneurial Activity1664 Words   |  7 Pageschanging world. According to the Burns (2010), the success is a survival for the long term in the turbulent business world. It hints that the failure represents the collapse of the business growth, which causes the risk and the worst situation is the personal bankrupt. In the following paragraphs, the dark and bright of fail outcomes would be introduced and discuss whether the failure is a desirable outcome of entrepreneurial activity or not. The first reason why the failure is not a great outcome isRead MoreSample Reflection Assignments1243 Words   |  5 Pagesï » ¿SAMPLE Reflective Writing Assignments: COURSE: Going Local: Service-Learning to Link Entrepreneurship, Policy and Science (ASCI 297 and CDAE/NFS/PPS 195/295) INSTRUCTOR: Richard Schramm Written assignments are of two types: Reflections and Project Reports. Reflections: An essential element for student learning in service-learning courses is written and oral reflections on the field study experience, as well as on other elements of the course. To have an experience isn’t enough to ensureRead MoreThe Intersection Between Globalization And Local Entrepreneurship1499 Words   |  6 PagesThe intersection between globalization and local entrepreneurship, defined by specialists as â€Å"international entrepreneurship†, has started to receive more and more attention over the last two decades (Mathews and Zander, 2007, p. 395). Small and medium-sized enterprises (SMEs) play a significant role in the global economy and have a big impact on incomes, outputs, and the employment sector. The latest report of the World Economic Forum (WEF) stated that the main challenge for businesses, governmentsRead MoreThe Factor That Contributes The Success Of An Economy As A Whole Is Diversity Essay2068 Words   |  9 Pages Furthermore, one type of institution that forms a considerable facet of the diversity of economies are entrepreneurs. Entrepreneurship describes any institution that begins without the support of any higher corporation or established business. Any individual can study how an entrepreneur works and makes decisions in an economics class or they can even major in entrepreneurship in some universities. However, these educational institutions many times fail to inculcate in their students how these typesRead MoreAssignment Entrepreneurship and Business plan final piece Essay2006 Words   |  9 Pageslocus of control: 5 2.3. Need for achievement 6 3. Weaknesses: 7 3.1. Risk-taker 7 3.2. Innovativeness 7 3.3. Proactivity 8 4. Conclusion: 9 References: 10 Personal reflection on entrepreneurial characteristics 1. Introduction: Over the years, several attempts have been made in explaining the term entrepreneurship. Surprisingly there is still no universally accepted definition. Meredith et al 1982, quoted by Kirby 2003 define entrepreneurs as â€Å"people who have the ability to see and

The Effects Political and Technological Change Have on One Another Free Essays

It was the year 2008. Exactly 833 days prior to the writing of this essay, Barack Obama was elected to be the 44th president of the United States of America. The road that lay ahead of this relatively young, but undoubtedly brilliant politician was laden with pot-holes, cracks, and unpaved areas. We will write a custom essay sample on The Effects Political and Technological Change Have on One Another or any similar topic only for you Order Now He faced the repercussions of an economic meltdown, two foreign wars against an unidentifiable enemy, and dismal education system. It can be said that political change was eminent, with the several new faces on Capital Hill and a resounding cry of ‘Hope’ among the nations’ voters. But at the same time, it could also be said that technologic landscape was changing as well. Social media, cell phones, cable television, and the internet would have been words of tomfoolery to anyone before the 1990’s. And yet, only 2 decades later all of the items listed above play a major role in the domestic and international political landscape. Never before this time period would you have seen so many voters influenced by presidential candidates’ appearances on ‘Saturday Night Live’, or a mass riot in Egypt organized by Twitter. The examples of change during our current time period and several others from the past have lead me to believe that neither political or technological change are ever more important than the other, but instead each have a direct influence on one another that drives change to occur in general. The middle of the 20th century has been marked as a time of great triumph for the United States. The country was finally being recognized as a modern day heavyweight on the international scene. Emerging relatively healthy from the Great Depression as well as two World Wars, it seemed that their was truly one worry on the minds of the American Citizens: The Rise of Communism. The tensions between the US and Eastern Europe and Asia were consistently on the rise. Our leaders did everything they could to warn their people about the dangers of that type of government and how the country could show the world what the power of a democracy could accomplish. They heavily encouraged scientific and medical advances, an increase in free enterprise, a movement for improved technology, as well as artistic and philosophical ideas. The results received were unbelievable, between the development of nuclear weaponry and advances in space exploration, the introduction of rock and roll, discovery of DNA, a cure for polio, and launch of nationwide television service, this time period may easily have been one of the greatest advances in technology in the history of mankind, but the forces that drove these events to occur had steep political backings, showing that although equal in importance, each could play a direct role on one-another. Now that examples have been given of important technological change affecting politics and vice-versa, it is time to take a closer look at the time period in question: the turn of the 19th century. It had been 36 years since the establishment of the United States and 11 since the new government had been put in place. Although this new government did have some kinks to work out, with some larger problems coming in the future, the vast majority the system did not require change. In the worlds of science, medicine, architecture, etc. , while some advances such as bi-focals, steam engines, and spinning jennys, there was not necessarily an introduction that dramatically changed everyday functions of the citizens of the United States. Therefore, the time period of the early 1800’s, although important, should be marked as somewhat of a stalemate in terms of change. It marked a time in which a country was trying to establish itself among other world powers, a country attempting to survive its infancy. A lot can be said about the concept of change. It can be viewed in both positive and negative light. In terms of political and technological change, it should be said that, no matter positive or negative, they consistently show a correlation between each-other. Major technological change can play an equally important role in how political change can occur, while important political change can play a major role in determining technological change, they both play an equally important part. Looking back through history, examples can be made of Egyptian Pharaohs forcing their people to make technological advances to build ancient temples, cities, and monuments. Also, advances made in travel during the later half of the 2nd millennium forced leaders of major powers to begin interacting on a more regular basis. No matter the time period, these two sections of possible change will never have one show more importance than the other. As citizens, we should always be looking to make the right decisions and holding the correct beliefs, because change is inevitable, but growth is optional. How to cite The Effects Political and Technological Change Have on One Another, Papers

The Effects Political and Technological Change Have on One Another Free Essays

It was the year 2008. Exactly 833 days prior to the writing of this essay, Barack Obama was elected to be the 44th president of the United States of America. The road that lay ahead of this relatively young, but undoubtedly brilliant politician was laden with pot-holes, cracks, and unpaved areas. We will write a custom essay sample on The Effects Political and Technological Change Have on One Another or any similar topic only for you Order Now He faced the repercussions of an economic meltdown, two foreign wars against an unidentifiable enemy, and dismal education system. It can be said that political change was eminent, with the several new faces on Capital Hill and a resounding cry of ‘Hope’ among the nations’ voters. But at the same time, it could also be said that technologic landscape was changing as well. Social media, cell phones, cable television, and the internet would have been words of tomfoolery to anyone before the 1990’s. And yet, only 2 decades later all of the items listed above play a major role in the domestic and international political landscape. Never before this time period would you have seen so many voters influenced by presidential candidates’ appearances on ‘Saturday Night Live’, or a mass riot in Egypt organized by Twitter. The examples of change during our current time period and several others from the past have lead me to believe that neither political or technological change are ever more important than the other, but instead each have a direct influence on one another that drives change to occur in general. The middle of the 20th century has been marked as a time of great triumph for the United States. The country was finally being recognized as a modern day heavyweight on the international scene. Emerging relatively healthy from the Great Depression as well as two World Wars, it seemed that their was truly one worry on the minds of the American Citizens: The Rise of Communism. The tensions between the US and Eastern Europe and Asia were consistently on the rise. Our leaders did everything they could to warn their people about the dangers of that type of government and how the country could show the world what the power of a democracy could accomplish. They heavily encouraged scientific and medical advances, an increase in free enterprise, a movement for improved technology, as well as artistic and philosophical ideas. The results received were unbelievable, between the development of nuclear weaponry and advances in space exploration, the introduction of rock and roll, discovery of DNA, a cure for polio, and launch of nationwide television service, this time period may easily have been one of the greatest advances in technology in the history of mankind, but the forces that drove these events to occur had steep political backings, showing that although equal in importance, each could play a direct role on one-another. Now that examples have been given of important technological change affecting politics and vice-versa, it is time to take a closer look at the time period in question: the turn of the 19th century. It had been 36 years since the establishment of the United States and 11 since the new government had been put in place. Although this new government did have some kinks to work out, with some larger problems coming in the future, the vast majority the system did not require change. In the worlds of science, medicine, architecture, etc. , while some advances such as bi-focals, steam engines, and spinning jennys, there was not necessarily an introduction that dramatically changed everyday functions of the citizens of the United States. Therefore, the time period of the early 1800’s, although important, should be marked as somewhat of a stalemate in terms of change. It marked a time in which a country was trying to establish itself among other world powers, a country attempting to survive its infancy. A lot can be said about the concept of change. It can be viewed in both positive and negative light. In terms of political and technological change, it should be said that, no matter positive or negative, they consistently show a correlation between each-other. Major technological change can play an equally important role in how political change can occur, while important political change can play a major role in determining technological change, they both play an equally important part. Looking back through history, examples can be made of Egyptian Pharaohs forcing their people to make technological advances to build ancient temples, cities, and monuments. Also, advances made in travel during the later half of the 2nd millennium forced leaders of major powers to begin interacting on a more regular basis. No matter the time period, these two sections of possible change will never have one show more importance than the other. As citizens, we should always be looking to make the right decisions and holding the correct beliefs, because change is inevitable, but growth is optional. How to cite The Effects Political and Technological Change Have on One Another, Papers

The Relationship Between Faith and Doubt free essay sample

Though the plot of the novel is quite complicated, the explanation for Owens effect on Johnnys faith is extremely simple; Owens life is a miracle he has supernatural visions and dreams, he believes that he acts as Gods instrument, and he has divine foresight of his own death and offers miraculous and almost undeniable evidence of Gods existence. The basic thematic shape of the novel is that of a tension being lifted, rather than a tension being resolved; Johnny struggles throughout the book to resolve his religious faith with his skepticism and doubt, but at the novels end he is not required to make a choice between the two extremes: Owens miraculous death obviates the need to make a choice, because it offers evidence that banishes doubt. Yet Johnny remains troubled, because Owens sacrificial death (he dies to save the lives of a group of Vietnamese children) seems painfully unfair. Johnny is left with the problem of accepting Gods will. In the end, he invests more faith in Owen himself than he invests in God he receives two visitations from Owen beyond the grave and he concludes the novel by making Owen something of a Prince of Peace, asking God to allow Owens resurrection and return to Earth. Of course, the thematic development of the novel is somewhat more complicated and cluttered than that. The presentation of religion in the book is continually undercut with irony and the constant presence of sex. Further the thematic development of the book is also inconsistent and indirect, in part because we are never able to obtain a secure view or outlook of Johnnys mind; he is such a subdued narrator that it is difficult to tell exactly where he stands during much of the novel, which often clouds our sense of his struggle with faith and doubt. This ambiguity underscores the important point that Irvings basic intention for his novel is not to present a philosophical meditation on the nature of God, but rather to tell a clutching story. Beyond a certain point, it is simply not rewarding to analyze the books explicit philosophical content as it is embodied in the books plot. Far richer and more redundant is the books roster of symbols and motifs, many of which are explicitly discussed by Johnny in key passages of the   novel. The most important symbol in A Prayer for Owen Meany is, for the titles sake, Owen; Owen embodies the relationship between the natural and the supernatural (also the novels main theme.    With his tiny, dwarfed body, his oddly glowing skin, and his nasal voice (always represented in the book by capital letters), Owen is not entirely of this world his appearance affirms his bizarre spiritual life, in which he seems to be in direct communication with God. On the other hand, Owen is very much of this world; he grows up in a granite quarry, and his name is Meany a word signifying commonness and smallness to most Gravesend citizens. For all his eccentricity, Owen in many ways represents the spiritual condition of humankind; the difference between most people and Owen is that he is aware of being an instrument of God. His fatalistic faith converges on his apocalyptic knowledge of his own heroic death, for which he prepares all his life. Owen believes that everything happens under the will of God he continues to believe after hitting a foul ball at a Little League game which in turn accidentally kills Johnnys mother. Another key motif in the book is that of armless images and amputation. The book abounds with images of people and objects that lack body parts, most often arms: Watahantowets armless totem, the armless dressmakers dummy, the declawed armadillo, Johns amputated finger, the armless statue of Mary Magdalene, and Owen himself, who loses his arms in the explosion that causes his death, and to a lesser extent Lydias leg amputation. In the book, as Johnny often thinks to himself, armless images represents a number of different ideas: the helplessness of people against the injustice of fate; the pain caused by that injustice; the loss of loved relations or possessions; the surrender of the individual to God (in the sense that God takes ones arms, using them as his instruments as when Owen swings the fatal bat). Structurally, the book favors a rambling, expansive narrative that skips from memory to memory and scene to scene apparently at the whim of Johnnys first-person narration. The memoir-like form of the book means that much of Johnnys experience plays out concurrently with important events in American historythe Kennedy assassination and the Iran-Contra scandal, to name two and Johnnys commentary about these events forms an important sub-theme of the book. Johnnys obsession with America often overshadows his narrative focus on his childhood and his thematic focus on religion, and he frequently loses sight of his story in long diatribes against the Reagan administration. The books psychological study of Johnny is somewhat hazy, because Johnnys nature as a narrator is to keep the focus off himself; but it is clear that, for all his protestations of religious faith, he is a deeply damaged and bitter man as he narrates the story. Throughout much of the book, Johnnys anger about America seems to stem from his feelings of loss and outrage about the death of Owen Meany; whatever else has happened to him, it is clear that he has been unable to move beyond the events that he narrates in the novel. He continues to live in the past.