1,750
30
Essay, 2 pages (400 words)

Forensic accounting class discussion

Forensic Accounting Forensic Accounting Computer forensics Computer forensics refers to the application of computer analysis, as well as investigation techniques, to gather suitable evidence that can be presented in court. Computer forensics has the sole aim of performing a structured investigation while at the same time ensuring that there is maintenance of evidence. The evidence has to be maintained in order to find out what exactly took place, as well the person who can be held liable for a fraud carried out on a computer (Kranacher, Riley & Wells, 2011).
Functions used by data extraction and analysis software
There are several functions that can be utilized in the detection of red flags. Software applications use a combination of functions, some of which include sorting, joining files, as well as record selection and extraction among others. Sorting entails arrangement of the data in some order, which can be regarded as meaningful; this may include the customer number, date, name, and amount. Joining files entails the gathering of various parts of different files of data. Record selection and extraction entails making a request for the computer to find occurrences in a certain field, which matches a criterion that interests the investigator (Kranacher, Riley & Wells, 2011).
Sales skimming as an “ off- book” fraud
Skimming involves the stealing of cash from an entity before it enters into the accounting system. Sales skimming is referred as an “ off-book” fraud since the cash is stolen from the victim before its recording in books of the victim (Kranacher, Riley & Wells, 2011).
Techniques used to conceal a receivables skimming scheme
Fraudsters may use various techniques with the sole aim of concealing a receivables scheming scheme. One of the techniques used to conceal this form of fraud includes the creation of fake accounts. The write-off of inventories is also another method used to conceal a receivables scheming scheme (Kranacher, Riley & Wells, 2011).
The difference between skimming and cash larceny
The difference between skimming and cash larceny is that skimming entails the stealing of cash before the recording of the cash. As a result, it becomes one of the difficult frauds to detect. On the other hand, cash larceny involves the theft of cash by employees after its recording in the books of the entity. As such, larceny is can easily be detected than skimming (Kranacher, Riley & Wells, 2011).
References
Kranacher, M.-J., Riley, R., & Wells, J. T. (2011). Forensic accounting and fraud examination. Hoboken, N. J: John Wiley.

Thank's for Your Vote!
Forensic accounting class discussion. Page 1
Forensic accounting class discussion. Page 2
Forensic accounting class discussion. Page 3

This work, titled "Forensic accounting class discussion" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2021) 'Forensic accounting class discussion'. 29 December.

Reference

AssignBuster. (2021, December 29). Forensic accounting class discussion. Retrieved from https://assignbuster.com/forensic-accounting-class-discussion/

References

AssignBuster. 2021. "Forensic accounting class discussion." December 29, 2021. https://assignbuster.com/forensic-accounting-class-discussion/.

1. AssignBuster. "Forensic accounting class discussion." December 29, 2021. https://assignbuster.com/forensic-accounting-class-discussion/.


Bibliography


AssignBuster. "Forensic accounting class discussion." December 29, 2021. https://assignbuster.com/forensic-accounting-class-discussion/.

Work Cited

"Forensic accounting class discussion." AssignBuster, 29 Dec. 2021, assignbuster.com/forensic-accounting-class-discussion/.

Get in Touch

Please, let us know if you have any ideas on improving Forensic accounting class discussion, or our service. We will be happy to hear what you think: [email protected]