Which of the Following Is Not One of the Four

question 17

Multiple Choice

Which of the following is not one of the four common elements of occupational fraud and abuse first identified by the Association of Certified Fraud Examiners in 1996?

• A) The activity costs the employing organization assets, revenues, or reserves.
• B) The activity violates the employee's fiduciary duties to the organization.
• C) The activity is clandestine.
• D) The activity is restricted to corporate executives.

Compute and interpret the turnover ratios, including accounts receivable turnover and inventory turnover.

Understand the significance of earnings per share (EPS) and how it affects shareholder value.

Calculate and interpret the dividend payout ratio and its implication for company's dividend policy.

Understand the significance of the price-earnings ratio and what it indicates about market perception.

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Definitions:

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote the addition of funds to an account.

Credit Side

The right side of an accounting ledger, used for recording increases in liabilities, equity, and revenue, and decreases in assets and expenses.

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.