100

This course introduces students to the accounting techniques used in the detection of financial fraud, malfeasance, embezzlement, bribery, corruption schemes, and other white-collar crimes. It explores detection of fraudulent financial statements, the external auditors' responsibility to detect fraud, and an understanding of internal controls as they relate to fraud. Students consider the motivations of those who perpetrate fraud and ways to reduce and prevent these crimes.

This course emphasizes the nature and purpose of financial accounting as a means of recording, classifying, and interpreting accounting data. It includes the use of generally accepted accounting principles and procedures in recording transactions, the accounting cycle, the accrual basis of accounting, the preparation of classified financial statements, and internal control procedures as they relate to sole proprietorships. The accounting cycle is completed both manually and by computer.

Students develop an understanding of accounting principles and standards and their application to the interpretation and presentation of financial data. The course emphasizes concepts and procedures relating to corporate accounting, capital stock, long- and short-term liabilities, investments, cash flow analysis, and the interpretation of financial statements.