An Example of an Attitude or Rationalisation Used to Justify

question 37

True/False

An example of an attitude or rationalisation used to justify a fraud is high volume of transactions close to year-end.

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business.

Dividends Payable

A liability recorded on the company's balance sheet for dividends that have been declared by the board of directors but have not yet been paid to shareholders.

Operating Activities

Transactions and events that relate to the primary operations of the company, such as sales and services.