What is NOT an example of rationalization as one of the three elements causing a person to commit fraud?CA The company will never miss itCB. Employer pressure to report fictitious accounting resultsc. This replaces my bonus that was suspended this yearCD. I will repay the "loan" before anyone misses it

Financial fraud in businesses is an unethical, illegal and deceptive activity that leads to monetary…

What is NOT an example of rationalization as one of the three elements causing a person to commit fraud? CA The company will never miss it Ca. Employer pressure to report fictitious accounting results c. This replaces my bonus that was suspended this year CD.I will repay the "loan" before anyone misses it

What is NOT an example of rationalization as one of the three elements causing a person to commit fraud? CA The company will never miss it Ca. Employer pressure to report fictitious accounting results c. This replaces my bonus that was suspended this year CD.I will repay the "loan" before anyone misses it

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Give typing answer with explanation and conclusion During the COVID-19 pandemic, small businesses were much more resilient than larger businesses, resulting in the federal government offering loan guarantees and payroll protection for larger businesses predominately. Group startsTrue or FalseTrue, unselectedFalse, selected
Case 8 Decide whether each situation is or is not a symptom of revenue fraud. Then explain (1) why the situation isor is not a symptom and (2) if it is a symptom, how itwould be found using computer queries or traditionalmethods. YIN Sales discounts appear too high. YIN Accounts receivable increases as a percentage of revenues. YIN Bad debt allowance increasesby the same percentageas accounts receivable. YIN Increase in sales returns. YIN Large percent of revenues recorded in thefourth quarter. YIN Unexplained reconciling items on the bankstatement.
Ceres Corporation made travel advances to the marketing team. Why are they considered nontrade receivables? The amounts are owed to the employees, not to the company. The amounts owed to the company did not result from selling goods or services. The amounts owed to the company are not from external parties. O The amounts owed will not cause a decrease in the Cash account.
5. What does Tina mean in her statement to the Clare County Review "the effects of an embezzlement are far reaching and detrimental for everyone"? Who were all the stakeholders that were all affected in this case? How was each of them harmed? 6. Jenifer was caught embezzling via the payroll system, how else might she have been stealing from the company that was never proven? 7. Why do you think Jenifer embezzled the money? 8. Do you think her sentencing is too lenient, too harsh, or is appropriate? Why? 9. What would you do if your friend and employee was stealing from a company that you owned?
In prior periods, Cyber Systems used the direct write off method to account for bad debts. Cyber Systems historically had a stable client base and management did not continue to service clients who did not pay invoices due. Complete the following: (a) Describe the direct write off method of accounting for bad debts. (b) Explain with reference to one qualitative characteristic why the direct write off method was deemed appropriate prior to the COVID-19 pandemic and why it is unlikely to be appropriate since the pandemic.
This corporate con stated that she stole from the company because she believed it was "okay" to take the money because there wasn't any actual person she was stealing from, and it was right because she was being underpaid. According to the fraud triangle, her reasoning is most closely associated with O Availability Rationalization O Need/Motivation O Opportunity
4.
May you please help me determine which statements are false or true?
In prior periods, Globo Gym Services used the direct write off method to account for bad debts. Globo Gym Services historically had a stable client base and management did not continue to service clients who did not pay invoices due. Complete the following: (a) Describe the direct write off method of accounting for bad debts. (b) Explain with reference to one qualitative characteristic why the direct write off method was deemed appropriate prior to the COVID-19 pandemic and why it is unlikely to be appropriate since the pandemic. Clearly label each part of your answer related to parts a and b above.
Why should a company prepare a bank reconciliation for each account every period? What types of issues are avoided by doing this? please no plagrisim and don't copy someone else work, I need a new work for my homework
Letters from a creditor demanding immediate payment for a past due account are referred to as illegal harassment. dunning letters. letters of insistence. garnishment.