Week 6 Accounting Fraud Summary – Keller School of Management

ACCT601 Term Paper Grading Rubrics Term Paper Submissions Grading Summary Week Points Description 1 30 Proposed Topic and Problem Statement 2 40 List of References (5 to 8 using APA format) 3 50 Final Problem Statement 4 75 Draft—Review of Literature Section 5 75 Draft—Analysis and Recommendations Section 6 75 Draft—Summary and Conclusions Section 7 200 Final Term Paper 8 100 Oral Presentation Total 645 Submission Grading Rubrics Week 1: Proposed Topic Problem Statement Category Research Topic Organization and Cohesiveness Editing Total Page 1 of 5 Points 20 % 67 5 16.5 5 16.5 30 100 Description How pertinent is the research topic to the field of accounting? Is the problem presented one that is current and one that can be properly addressed with practical applications? Is the problem set forth appropriately? If needed, are transitions used between thoughts and topics? Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? A quality paper will meet or exceed all of the above requirements. ACCT601 Term Paper Grading Rubrics Week 2: List of References Category Citations Points 30 % 75 Editing 10 25 Total 40 100 Description Has the minimum of five to eight reliable sources been listed on the draft of the reference page? Have the APA rules for formatting of references been followed? A quality paper will meet or exceed all of the above requirements. Week 3: Final Problem Statement Category Problem Statement Points 30 % 60 Organization and Cohesiveness Editing 10 20 10 20 Total 50 100 Description How pertinent is the research topic to the field of accounting? Is the problem presented one that is current and one that can be properly addressed with practical applications? Is the problem set forth appropriately? If needed, are transitions used between thoughts and topics? Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? A quality paper will meet or exceed all of the above requirements. Week 4: Review of Literature Section (Draft) Category Research Points 25 % 33 Summarization 20 27 Editing 15 20 Citations 15 20 Page 2 of 5 Description How pertinent to the overall problem do the sources appear to be? Do most of the cited sources appear to be from appropriate sources, such as peer-reviewed journals, industry publications, or statutory provisions (on taxrelated research)? Have the sources been summarized appropriately (as compared to an overreliance on quotations)? Is the paraphrasing apt? Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? Have five to eight reliable sources, at a minimum for ACCT601 Term Paper Grading Rubrics Category Points % 75 100 Total Description this section, been listed on the reference page? Are citations used throughout this section of the paper? A quality paper will meet or exceed all of the above requirements. Week 5: Analysis and Recommendations Section (Draft) Category Analysis Points 20 % 27 Recommendations 20 27 Organization and Cohesiveness Editing 10 13 15 20 Citations 10 13 Total 75 100 Description Has the issue presented in the problem statement been adequately analyzed? Have ancillary issues or topics for further research been mentioned? Does this section of the paper represent original thought rather than a reiteration of the views of others? Does the paper clearly set forth the issue(s) and the recommended courses of action? Are the suggestions practical? Is this section of the paper well organized? Are transitions used between thoughts and topics? Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? Have the APA rules of formatting of references been followed for the sources of the numbers in the ratio analysis? Are the citations appropriate to the analysis and recommendations? A quality paper will meet or exceed all of the above requirements. Week 6: Summary and Conclusions Section (Draft) Category Summary Conclusions Page 3 of 5 Points 30 % 40 30 40 Description Does the draft properly summarize both the literature review and the analysis? Do the conclusions appear to be consistent with the summary and the other earlier drafts of components of the paper? ACCT601 Term Paper Grading Rubrics Editing 15 20 Total 75 100 Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? A quality paper will meet or exceed all of the above requirements. Week 7: Executive Summary and Final Term Paper Category Points % Description Executive Summary 30 15 Introduction (including research topic and problem statements) 20 10 Has an executive summary of no more than one page been prepared and included as the first page of the body of the paper? Does the summary properly capture the reason for the paper, the conclusions reached, and calls for action? How pertinent is the research topic to the field of accounting? Is the problem presented one that is current and one that can be properly addressed with practical applications? Review of Literature 10 5 Analysis 10 5 Recommendations 10 5 Summary 10 5 Conclusions 10 5 Page 4 of 5 How pertinent to the overall problem do the sources appear to be? Do most of the cited sources appear to be from appropriate sources, such as peer-reviewed journals, industry publications, or statutory provisions (on tax related research)? Have the sources been summarized appropriately as compared to an overreliance on quotations? Is the paraphrasing apt? Has the issue presented in the problem statement been adequately analyzed? Have ancillary issues or topics for further research been mentioned? Does this section of the paper represent original thought rather than a reiteration of the views of others? Does the paper clearly set forth the issue(s) and the recommended course of action? Are the suggestions practical? Does the draft properly summarize both the literature review and the analysis? Do the conclusions appear to be consistent with the summary and the other earlier drafts of components of the paper? ACCT601 Term Paper Grading Rubrics Category Points % References 10 5 Documentation and Formatting 15 7.5 Organization and Cohesiveness 20 10 Editing 15 7.5 Citations 20 10 Content 20 10 Total 200 Description Has the minimum of five to eight reliable sources been listed on the reference page? Are the references presented on a separate page with each reference entry properly formatted? Is the paper formatted per APA style? Is a cover page presented? Is there a header on each page? Is the paper well organized? Is there an introduction? Are there appropriate headings for the various topics throughout the paper? Are transitions used between thoughts and topics? Have basic rules of grammar been followed? Are sentences properly formed and paragraphs used appropriately? Are spelling errors infrequent? Are citations used in appropriate sections of the paper to support aspects such as the existence of the problem and the attempts to solve the problem thus far? Are all the cited sources listed in the reference section? Does the body of the paper clearly set forth the issue and the recommended course of action? Are the suggestions practical? Is the conclusion well stated? 100 _____________________________________________________________________________________ Week 8: Oral Presentation For guidelines and grading rubrics, please refer to the separate Oral Presentation Guidelines and Rubric document located in the course Files. Page 5 of 5 Running Head: ANALYSIS AND RECOMMENDATION Week 5 – Accounting Analysis and Recommendation [Name of Student] [Name of Institution] [Course] [Professor] Thursday, October 7, 2021 1 ANALYSIS AND RECOMMENDATION 2 Analysis and Recommendation The concept of accounting fraud and its application has been critically evaluated in previous weeks and assignment. The problem for accounting firms and their approach to capture the right f
ocus depends on the idea for how integral value they can add to reduce the chances of accounting fraud. The idea is presented in the favour of firms to ensure that their accounting cycle is not compromised, while not focusing on evaluating the situation. The accuracy within the accounting firms and their quality is redefined in a way that can create long-term impact on accounting firms and processes, while adapting towards productive environment as well. To identify the accounting fraud, there are certain focal points and strategies which are followed to ensure better security and integrity within the approach. The quality of accounting fraud being measured through area and through scheme is important to generate a credible result and environment (Wang et al., 2020). This is supported in a way that can identify key characteristics through better structure, while identifying the fraud within the entire system. The quality of productivity is enhanced and improved in accordance with auditing process, which is part of identifying accounting frauds and reducing their impact. The determination of fraud from the aspect of are defined through the determination of area where the risk is incurred. The determinant area is able to deduce the right department and approach, where the fraud can occur (Hauser, 2019). This reduces the chances of establishing interest collectively, while building indications through which potential fraud schemes can be neglected. The area-wise fraud analysis can be supported by knowing right fraud schemes and how they are being practiced in order to generate better results and their quality not being compromised, while helping the use of fraud auditing process. The nature is to establish fraud points in accordance with quality of schemes and helping it to be built on result oriented. ANALYSIS AND RECOMMENDATION 3 Furthermore, the approach which is supported from the fraud identification by area, is supported from flag identification and the way it is associated with schemes. The quality of results and fraud identification is to use schemes in an appropriate name. The associated fraud auditing process can be collectively approached through the which application and their strategic purpose is managed. The value for fraud schemes is designed in a way that can help problems within the accounting schemes, through the idea replacement of concept of area. The building of auditing principles is also oriented with better decision making that can help search for right indications as well (Li et al., 2020). The area identification from auditing process is approached according to quality of research purposes and that can be used to identify suppressing approach. The quality of results and their operations being at risk are required to be studied under careful manner, which are built through the auditing steps as well. The accounting fraud identification is integral through the process of auditing that can be supported to generate credible results as well as enhance the corporation between systematic analysis and their environment being approached according to quality of practices. Finally, the auditing of accounting fraud is approached in a way that can help detection be more suitable and suspectable. The identification to approach the quality of accounting firms and their approach is met through better design levels as well. The red flags that have been raised according to indicators are required to be supported within the suspicion, which would be evaluated through fraud suspension and their reliability. The approach of auditing helps to bring right strategy and focused result as well, while having the quality of orientation as well, according to which entire fraud investigation process is generalised. The approach for identifying and analysing is also based on difference of vertical and horizontal analysis. The quality of results and their approach through which comparison within accounting periods are conducted, are also evaluated (Bulawayo, Zimbabwe, 2019). The ANALYSIS AND RECOMMENDATION 4 horizontal process and identification scope helps to know the difference within the activities that are carried out to ensure better division of amount and their increase/decrease. The horizontal approach is more credible to analyse the accounting period and their firm, while knowing the nature through which prior-period and time is considered important, as well building credible results. Other option to deduce the option of identifying accounting fraud is managed and generalised according to the scope of vertical. The vertical analysis helps to identify and compare with other departments, as well as other financial statements. The quality of vertical analysis helps the accounting fraud be identified according to the nature of financial statement, while adapting it through difference of relations and that can be used according to statement anomalies, while having examiner’s approach be used on average basis, that can comply with deference in rise of percentage and for how change is beneficially adaptable as well for explanation. Another way to nullify and analyse the scope of financial fraud is based on financial ratio analysis as well. The ratio analysis between differences in financial statements and their usage are justified by comparing different aspects of the firm and how they are being used according to credibility of results as well. The financial strength of ratio analysis can be justified through the capturing of right idea through business owners and their investment portfolios being determined according to difference of methods as well. The criteria are suited according to investment point of view, while helping it better to understand the industry averages. The necessary analysis of identifying the accounting frauds are the job of private firms and government firms to ensure better structure and productivity. The quality of improving accounting firms and their analysis is based through a system that can look to improve quality ANALYSIS AND RECOMMENDATION 5 as well. The analysis of accounting firm and their approach is met in accordance with accounting period being complied as well, through which difference of nature is also included. The parties involved in understanding and analysis the financial statements are required to be more oriented with processes and financial information of the firm to capitalise the importance of companies making right decisions as well. The importance of improving the financial fraud identification system, it is integral to improve overall quality of business aspect as well. The suitable advantage that can be created through a structured system is based on enhancing quality of activities. The financial advantage can be reflected in knowing the health of financial system, while focusing on making ratios as part of entire regulated system (Mintchik & Riley, 2019). The quality of fraud examination can be improved, which would further enhance the scope of accounting fraud identification as well, while adapting with changing circumstances as well, through data integration. Starting with basic requirement of companies is to enhance their scope of improving accounting cycle and system as well. The idea is presented in the favor of adapting right public reports as part of their structure. The firms should be able to highlight the scope of improved financial statements and standardised accounting periods by having clean books. These clean books are then recommended to be made public, so that anyone can identify anomaly, if there is any. The quality of accounting period and their firms are used in a way that can help publicly reportable approach. The attention that is required to be given from senior management is considered to be important as well. The suitable structure through which fraud system can be eliminated is supported in a way that can direct right approach to common understanding as well. The idea for warning mechanism is to help and support the auditor’s role while approaching the publicly traded approach be considered as well. The senior management must be aligned with the entire ANALYSI
S AND RECOMMENDATION 6 accounting fraud system, so that eliminations cannot be guarded. The systematic idea is preserved with the help of having right mechanism, through which auditors are using the approach of quality justification and their common understanding being reflected for right process. The concept of mandating audit system is also integral through which public interests are aligned. The firms are recommended to improve their accounting mandate, while outsourcing the entire operations to ensure credible results as well. The quality of business development and their strategic scope are generalised in a way that can involve public’s interests as well, which would help improve results credibility as well. The idea is to provide right mandate and authority to the accounting fraud teams, which would have the job to nurture the scope of accounting cycle and identify anomalies. This also enhances the scope of making auditors be aware of all the approaches that are required to be met. The awareness of warning mechanism, while aligning auditor’s is necessary to be approached according to its effectiveness (Schmidt, 2020). The quality of business stance and productivity can be improved through which association of business development would be more effective. The auditors having backend information through which quality of results are met as well, can be generalised in a way that can be adapted according to common understanding while helping the auditor’s role being used through better structure. The clarification of using the knowledge and helping the common understanding is also used in a way that can improve standards of processes and production. The firms having all the detail regarding auditing cycle and their approach would be more comfortable with the effective integration of data. The idea is to represent the scope of public interests and that can help improving the sustainability of project as well. The common knowledge and its business ANALYSIS AND RECOMMENDATION 7 activities are required to be met in a way that can improve fraud identification system, while helping the suitability with project as well. The access of information, knowledge, and data to auditors plays an integral role. The firm should always provide right authority to access all financial files and schemes to ensure that no malpractices are being occurred. This enhances the nature of knowledge sharing effectiveness and generalizing the trends that are applicable as well. The knowledge helps build results according to fraud identification and approaching knowledge in the favour of auditor. However, it is recommended that the firms should not come in between the auditor and its work nature. Otherwise, the idea towards better accounting fraud identification would be compromised, and the objective of analysis would be nullified as well. It is also important for the accounting firm to keep their books updated. The quarterly books and their updating are necessary. However, the monthly reports, as well as weekly reports are important and required to be kept according to entire financial system (Moyes et al., 2019). The quality of better accounting cycle and reporting would improve, through association of system. This would reduce the accounting firm and their cycle being improved according to access of knowledge. The awareness of fraud is manageable according to fraud system and their clarity being und…
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