LEARNING OUTCOMES

TOPICS TO BE DISCUSSED

SPECIFIC OBJECTIVES OF THE TOPICS OR SUBTOPICS


Understand two ways a person can misappropriate a company asset


Focusing mainly on the asset being misused or being stolen in the process


Understand in detail the process and effects of misusing and stealing assets


Understand the different kind of employees who are related to financial statement schemes and fraud


Focusing on the insiders, employees and their specific roles on schemes and fraud


Discuss in detail the different kind of employees, their roles, and their effect on a company

Comprehension on positive and negative results of competition in business

Increase and decrease of innovation, reduction and addition in costs for consumers


Understand the effects of competition in business in detail


Learn several types of normal transfers using internal accounts


Normal transfers specifically in operating accounts and general ledger account transactions


Gain mastery on how such  activities are being done to be aware about the schemes  

Reinforce facts and principles covered in the lesson

Slides/Reading Materials

Recapture an overview of and retain in memory the principles of foreign exchange trading


Master the facts and principles covered in the lesson


Short Quiz


Gain mastery of the principles and applications covered in the module

*EVALUATION by the CPD PROVIDER: Passing rate is 75%. Participant can stream the training video and retake for an unlimited number of times until the subject is mastered.


Course Curriculum

  • 1

    Important Reminders Before You Start Your Training

    • Daily Training Limit, Time Zone and Other Reminders
  • 2

    Test Your Knowledge

    • Test Your Knowledge
  • 3

    Handouts

    • Reading Materials

    • Lecture Slides

    • FTFS Video Weblinks

    • Financial Transactions and Fraud Schemes - Lesson 2
  • 4

    Expense Reimbursement Schemes

    • Introduction

    • Non-Cash Theft and Larceny

    • Expense Reimbursement Schemes
  • 5

    SECTION REVIEW: Expense Reimbursement Schemes

    • SECTION REVIEW: Expense Reimbursement Schemes
  • 6

    Purchasing Schemes, Inventory Theft and Information Theft

    • Purchasing Schemes

    • Inventory and Information Theft
  • 7

    SECTION REVIEW: Purchasing Schemes, Inventory Theft and Information Theft

    • SECTION REVIEW: Purchasing Schemes, Inventory Theft and Information Theft
  • 8

    Loan Fraud

    • Bad Debts, Collateral, Daisy Chains

    • Loan Application Fraud

    • Real Estate Loans
  • 9

    SECTION REVIEW: Loan Fraud

    • SECTION REVIEW: Loan Fraud
  • 10

    False Identification and Forging Orders for Wire Transfers

    • False Identification

    • Forging Orders for Wire Transfers

  • 11

    SECTION REVIEW: False Identification and Forging Orders for Wire Transfers

    • SECTION REVIEW: False Identification and Forging Orders for Wire Transfers
  • 12

    Account Takeover, Advanced Fee and Letter of Credit Schemes

    • Account Takeover, Advanced Fee and Letter-of-Credit Fraud Schemes
  • 13

    SECTION REVIEW: Account Takeover, Advanced Fee and Letter of Credit Schemes

    • SECTION REVIEW: Account Takeover, Advanced Fee and Letter of Credit Schemes
  • 14

    CASE STUDY

    • CASE STUDY: LEHMAN BROTHERS AND REPO 105

    • CASE STUDY: LEHMAN BROTHERS AND REPO 105 - Questions
  • 15

    EXERCISES

    • List of Scenarios

    • Scenario 1

    • Scenario 1 - Questions

    • Scenario 2

    • Scenario 2 - Questions

    • Scenario 3

    • Scenario 3 -Questions
  • 16

    Quiz

    • Financial Transactions and Fraud Schemes - Part 2
  • 17

    Evaluation Form

    • Evaluation Form and Attendance Sheet (as required under PRC Resolution no. 1244 Series of 2020)

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