FACC 501: MANAGERIAL AND FINANCIAL ACCOUNTING (FOUNDATION)
Managerial and Financial Accounting gives the students a solid founda- tion in understanding the accounting process, preparation of financial statements, requirements for public and private company disclosure, and analysis for interpreting financial information. Underlying theory and generally accepted accounting principles are studied with an emphasis on fair presentation and deviations that may lead to fraudulent reporting and misappropriation of company assets. This course sets the framework for understanding how fraud can occur, the underlying relevance of evidence, and managerial analysis to pinpoint fraudulent activities. (Course can be waived if Bus 101, 207 have been completed previously.)
FACC 701: FRAUD EXAMINATION: PRINCIPLES AND PRACTICES
Over the last two decades, it appears that fraud is the crime of choice for the 20th and 21st centuries. This course will provide students the weapons to fight fraud by focusing on: basic fraud schemes, information and evidence gathering, criminal and civil prosecution, and criminology and ethics.
The objective of this course is to provide students with methodologies for resolving fraud allegations from inception to disposition. Students taking this course gain an understanding of the different types of fraud, the legal environment of fraud, and how to obtain evidence and assist in the detection and prevention of fraud.
FACC 702: FINANCIAL STATEMENT FRAUD
Financial statement fraud involves intentional misstatements or omis- sions of financial statement amounts or disclosures to deceive users of the statements. This topic, commonly known as “cooking the books,” will introduce students to managements’ motives and pressures to achieve desired financial results as opposed to true economic financial results. This course will enable the student to both understand and detect the creative accounting methods management employs to “cook the books” along with related fraud prevention strategies.
FACC 703: OCCUPATIONAL FRAUD AND ABUSE
Occupational fraud and abuse is described as the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of one’s employing organization’s resources or assets. Through the use of real-life case examples, this course will illustrate the types of persons most likely to perpetrate occupational fraud, under what conditions fraud might be committed, and the specific schemes used to defraud organizations of amounts ranging from hundreds to millions of dollars.
FACC 704: THE COMPUTER AND INTERNET FRAUD
Computers have made organizations easier to run. All accounting infor- mation, inventory records, customer data, and intellectual property that an organization possesses is contained somewhere in an electronic file. As such, these electronic files are vulnerable to attacks from both employees and outsiders from around the world. This course will provide the student with an understanding of how computer fraud and manipulation is accom- plished and what security measures should be instituted to prevent it.
FACC 705: FRAUD DETECTION AND PREVENTION: SPECIAL STUDIES
The opportunity to commit and conceal fraud exists only when there are assets susceptible to misappropriation and a lack of internal controls to prevent or detect fraud. This course will focus on the high-risk fraud environments wherein assets are more vulnerable to misappropriation and fraud environments heightened by either a lack of, or non-functioning of, internal controls. Various fraud investigative methods and the process for communicating an expert report will play an essential role in these studies.