AUD 1202

FORENSIC
ACCOUNTING
 a) Getting to know the Professor and the Students
b) Discussion on the Syllabus, CIB, Grade Computation, Schedules of
Online Session
c) Explanation on three modes of teaching and learning
d) Creation of groups for case study/assignment
e) Discussion on Chapter 1

Activities
 Course Syllabus
Course Title: Forensic Accounting
Course Code: AUD1202
Credits: Three (3) units
Prerequisite: AUD1201
Course Description:

Due to heightened awareness and growing intolerance of fraudulent activity, both the size
and number of frauds are increasing, which will result in an even greater demand for
fraud-fighting professionals in the future. Eliminating fraud is a problem that every
organization faces, and that's why this course is intended to prepare the students in
helping the organizations deal with this growing problem. At the end of course, students
are expected to have competent knowledge on the nature of fraud, fraud perpetrators and
motivations for being dishonest, different ways to fight and reduce fraud, and financial
statement fraud to understand and critique the financial statements of any organizations
 Course Expected Learning Outcomes (CELO)

Upon completion of the course, the students are expected to:

• Have an overview of fraud, how serious is the problem, emerging fraud-fighting
careers, and other applicable laws
• Understand basic principles and types of fraud, types of people who perpetrate fraud,
and why they commit such fraud
• Learn various ways on how to deal with fraud, and cost-effective fraud-fighting
activities through prevention, detection, and investigation
• Comprehend numerous examples of Financial Statement (FS) frauds, common
elements of FS frauds, and condition that led to the rash of having FS fraud
• Learn to identify FS fraud exposure and symptoms on specific FS account titles and on
transaction level.
• Digest the lesson learnings from actual FS fraud related cases
• Prepare special consulting engagements having results of analyzation, evaluation,
conclusion, and recommendation on actual FS fraud related cases
LESSON/TOPIC
LESSON/TOPIC
LESSON/TOPIC
LESSON/TOPIC
LESSON/TOPIC
LESSON/TOPIC
 INSTRUCTIONAL MATERIALS/ RESOURCES

• Microsoft PowerPoint
• CANVAS
• Other Learning Management System (LMS) (e.g. Connect, Mindtap, etc.)

SUGGESTED READINGS AND REFERENCES

• Fraud Examination 6th Edition, by W. Steve Albrecht, Chad O. Albrecht,
Conan C. Albrecht, and Mark F. Zimbelman
• CFE Exam Prep Course International Edition, by Association of Certified
Fraud Examiners
• Fraud Examiners Manual International Edition, by Association of Certified
Fraud Examiners
• 2020 CIA Review Course, by Gleim
 GRADING SYSTEM
Computation of Periodic Grades
I. Computation of 1st Preliminary Grade: Midterm Grade (MG)
Formative Assessment (FA)  
Class Participation (Homework, Practice Tests, Recitation, Pre-test) 20%
Quizzes 30
Summative Assessment (SA) - Major Departmental Exam 50
1st PRELIMINARY GRADE 100%

II. Computation of 2nd Preliminary Grade

Formative Assessment (FA)  
Class Participation ( Homework, Practice Tests, Recitation, Pre-test ) 20%
Quizzes 30
Summative Assessment(SA) – Major Departmental Exam 50
2nd PRELIMINARY GRADE 100%
FINAL GRADE LETTER GRADE QUALITY POINT RANGE
III. FINAL GRADE = 1st PG (50%) + 2nd PG (50%)  

92 – 100
 

A
 

4.0
 

3.80 - 4.0
85 – 91 B+ 3.5 3.30 – 3.79
78 – 84 B 3.0 2.80 – 3.29
TRANSMUTATION OF FINAL 71 – 77 C+ 2.5 2.30 – 2.79
GRADE (FG) 64 – 70 C 2.0 1.80 – 2.29
57 – 63 D+ 1.5 1.30 – 1.79
50 – 58 D 1.0 1.0 – 1.29
  F   .99 and lower
 ASSESSMENT METHODS
CLASS PARTICIPATION COMPONENT: LIST OF GRADED ASSESSMENTS:
• Recitation • Quizzes
• Assignments (individual/groupwork) • Major Exams
• Case Study (individual/groupwork)

COURSE REQUIREMENTS : b. Quizzes (30%)

a. Class Participation (20%) Quiz

No. Topic/s Week No.
• Graded Recitation 1 The Nature of Fraud 2 Timeline -
2 Why People Commit Fraud 4
Activity Midterm Final Within 3 days
Fighting Fraud: An
• Assignment/
Exercise (at least two per
The Nature of Fraud Revenue- and
Inventory-Related
3 Overview 6 upon start
topic) FS Frauds 4 Financial Statements Fraud 8 date
Why People Commit Liabilities, Assets 5 Revenue- and Inventory- 12
Timeline - Within Fraud and Inadequate 6 Related FS Frauds 13
Disclosure Frauds
3 days upon start 7 Liabilities, Assets and 14
date Fighting Fraud: An Inadequate Disclosure
Overview 8 Frauds 15
Financial Statements  
Fraud
• Assignment Why People Commit  
(Groupwork) Fraud c. Major Exam (50%)
• Case Study   Financial
Statements Fraud Midterm Exam October 17
Final Exam December 19
 Sample Computation
Class Participation (20%) Quizzes (30%) Major Exam
(50%)
Recitation 85.00 1st 88 90
Assignments/ 1st 8/10 = 80.00 2nd 80
Exercises

2nd 15/20 = 75.00 3rd 70

3rd 10/30 = 33.33 79.26 4th 50

Group Work 90.00

Average 79.26 72
Weighted Score 15.85 21.6 45
GRADE 82.45
 THREE MODES OF TEACHING AND LEARNING

MIXED ONLINE LEARNING

  STUDENT PROFILE/ FACULTY
RESPONSIBILITY RESPONSIBILITIES
OPTION A Highly recommended for all kinds • Create CCM
Mixed Online Learning (MOL) – of learners as it will provide most • Faculty to agree with the
Synchronous and Asynchronous amount of teacher guidance but students (faculty-led) what the
Online Learning requires a stable internet manner and schedule of
connection synchronous meetings will be
 
 Faculty required to meet • Meet with students online
synchronously between 25- between 25-75% of the time;
75% of designated class time. provide written or oral feedback
at least four (4) times
throughout the semester.
 THREE MODES OF TEACHING AND LEARNING

ASYNCHRONOUS ONLINE LEARNING

  STUDENT PROFILE/ FACULTY
RESPONSIBILITY RESPONSIBILITIES
OPTION B • Recommended only for • Create CCM
Asynchronous Online Leaning highly independent and • Faculty to indicate
(AOL) – learners with internet study plan at least
  connection four submission dates
 No class meeting but • Student downloads CCM and and four feedback
regular submissions and sessions throughout
feedback works independently with the semester but
consultation with faculty
following a study plan but no open to more if
synchronous class requested.
engagement; online
submissions
 THREE MODES OF TEACHING AND LEARNING

TOTAL ANALOG LEARNING

  STUDENT PROFILE/ FACULTY
RESPONSIBILITY RESPONSIBILITIES
OPTION C • Recommended only for highly • Create CCM
TOTAL Analog Learning (TAL) independent and learners with
– no access to stable internet; • Faculty to indicate
study plan at least
  internet access is still necessary four submission dates
 No class meeting but
regular submissions and • courier; student works
Student will receive CCM via and four feedback
sessions throughout
feedback
independently and with no the semester but
synchronous class participation; open to more if
consultations with faculty and requested
submissions online

Important note: There is no option for students to learn without an internet connection (not even the TAL) as access to the
internet is needed for submissions and consultations and for research
 STUDENT SUBMISSIONS

• For MOL and AOL, all student submissions are online submissions. For TAL, the default
submission mode is online but other submission arrangements can be arrived at
through agreements made between faculty and student. The CCM should contain the
faculty's contact details and instructions for and schedule of submission.  The student
will be responsible for contacting the faculty. Students who cannot submit online may
opt to submit via courier to either the faculty’s residence, the courier service pick-up
point nearest the faculty’s home (like LBC), or at the faculty’s department office at FEU.
This will be at the student’s expense and upon agreement with the faculty.
SCHEDULE OF ONLINE SESSIONS
 GROUPINGS

• Group 1 –
• Group 2 –
• Group 3 –
• Group 4 –
• Group 5 –
• Group 6 –
• Group 7 –
• Group 8 –