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Fraud

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Fraud

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 12, 2016 at 12:13 pm #322544
    sxhawty
    Member
    • Topics: 56
    • Replies: 25
    • ☆☆

    Which of the following cases of fraud will have the effect of reducing the profit figure shown in the financial accounts of a company?

    1. Increasing the depreciation of an asset in order that it may be purchased later from the company for less than it is worth
    2. Increasing the value of sales in order to facilitate money laundering
    3. Increasing the value of inventory in order to steal goods from the warehouse
    4. Reducing the allowance for receivables to improve statement of financial position

    My answer here is 4, but i am not quite sure if its correct.

    June 12, 2016 at 1:08 pm #322563
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    Why don’t you look up or submit the answer?

    Why will 4 reduce profit? It says that the SOFP will be improved which implies more profit.

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  • The topic ‘Fraud’ is closed to new replies.

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