1. Explain the concept of "creative" accounting 2. Describe the specifics of Ponzi Schemes 3. Describe potential conflicts of interest that could occur in financial reporting 4. Explain what the responsibilities of management, auditors, and audit committees are with respect to financial reporting. 5 Explain how heuristics affect accounting 6. Describe the accounting "tricks of the trade" 7. Explain the concept of off-balance sheet arrangements.