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Courses/Accounting & Tax/Financial Reporting & Statements

Financial Statement Aerobics - Red Flags And Potential Fraud

Gain an understanding of the dynamics of a business prior to performing financial analysis.

Created byLambers Inc.
4.5
(113 reviews)
IntermediateUpdated Jan 21, 2025
Financial Statement Aerobics - Red Flags And Potential Fraud

What You'll Learn

check_circleLearn how to gain an understanding of the dynamics of a business prior to performing financial analysis as a means of improving your skills in problem identification.
check_circleLearn how fraud might impact the financial statements which could be identified during analysis in order to solve a fraud case.
check_circleApply these concepts through two real-world cases to test your skills in analysis.
check_circleLearn how to calculate return on invested capital by using the ROIC tree concept.
check_circleLearn how to apply the ROIC tree in making day-to-day decisions to improve the return on invested capital

About This Course

Upon successful completion of this course you should be able to be complete the following objectives:

-You will learn how to gain an understanding of the dynamics of a business prior to performing financial analysis as a means of improving your skills in problem identification. -You will learn how fraud might impact the financial statements which could be identified during analysis in order to solve a fraud case. -You will apply these concepts through two real-world cases to test your skills in analysis. -You will learn how to calculate return on invested capital by using the ROIC tree concept. -You will learn how to apply the ROIC tree in making day-to-day decisions to improve the return on invested capital.

Field of Study: Accounting

Your Instructors

Lambers Inc.
Lambers Inc.
menu_book146 courses
star5,391 reviews

Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Garland Granger
Garland Granger

MBA, CIA, CPA, CFE

Garland Granger is full time accounting Professor at Guilford College in Greensboro, NC. He worked for two years in banking, eight years in public accounting and has been teaching CPE and Review Course seminars professionally since 1995. Professor Granger is the primary instructor on the Lambers CPA Review Auditing Section and for the Lambers Certified Internal Auditor course. In addition he is featured on many of the Lambers CPE Course offerings. His primary focus is financial accounting issues, fraud, and internal controls. He believes that continuing education should be practical and informative as well as enjoyable. His teaching style is interactive and he enjoys using hands-on examples to reinforce his points. His sense of humor and his interactive teaching style make his seminars fun and helpful for improving the skill level of each participant in a practical manner.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.5
Student's Choice
113 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.