Corporate Governance and Fraudulent Financial Reporting – ACCT 650

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course examines corporate fraudulent financial reporting and the impact on corporate governance issues.

Prerequisites

ACCT 511 and ACCT 531 and (BMAL 590 or Meets BMAL590 / 27 hrs in BUSI with a score of 3)

Rationale

This is a graduate level course in corporate governance and fraud detection and prevention. The course presents a study of fraud-prevention techniques used by managers in a contemporary business environment. Internal control systems, auditing, and corporate governance are emphasized in this accounting course.

Measurable Learning Outcomes

Upon successful completion of this course, the students will be able to:

  1. Understand various forms of fraudulent activities and their impact on financial statement reporting
  2. Evaluate an organization’s risk of fraudulent financial statement reporting.
  3. Recognize the “red flags” of fraudulent activities.
  4. Explain how to better detect and prevent fraudulent financial statement reporting.
  5. Describe corporate governance and its role in fraud prevention.
  6. Evaluate the strength of an organization’s internal control system and make recommendations for creating more effective fraud prevention programs.
  7. Identify, document, analyze and test internal controls.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (5)

Discussion boards are collaborative learning experiences. Therefore, the student will participate in 5 Discussion Board Forums, each spanning across 2 modules/weeks. In the first module/week, the student will submit a thread directly addressing the forum prompt in 500–800 words. The thread must include at least 3 sources and integrate at least 1 biblical principle. In the following module/week, the student will submit a meaningful reply to the thread of at least 1 classmate. The reply must be 275–400 words and include at least 1 source. All Discussion Board Forum posts must adhere to current APA format.

Individual Learning Project Proposal

The student will submit an Individual Learning Project Proposal. The project requires the analysis and evaluation of an organization’s financial reporting process and the related internal controls. The Proposal must be 1½–3 pages in addition to the title page, references, and exhibits and must include at least 2 sources in addition to the course textbook and the Bible. The assignment must be in current APA format.

Individual Learning Project

The student will submit an 8–10-page research paper in current APA format based on the proposal submitted prior in the course. The final project requires further analysis and evaluation of an organizations financial reporting process and the related internal controls. The paper must include at least 8 sources in addition to the course textbook and the Bible. A biblical application must be included.

Exams (2)

Each exam will cover the Reading & Study material for the assigned modules/weeks. Each exam will be open-book/open-notes, contain 25 true/false and multiple-choice questions, and have a time limit of 1 hour and 15 minutes.