Home Tools 1.pdf X 1 / 1 mg O 162% 9 1 L/ CH QUESTION 1 Match each temu bo is correct description - Securties and Exchange Commission Financial Statement Fraud SEC enforcement releases Strategic Reasoning -Zero-onder reason ng Higher-order reason ng A. The intentional misstatementof financial statements through omission of critical facts or disclosures, misstatementof amounts, or misapplication of accepted accounting principles. B. The type of strategic reasoning that occurs when an individual who is interacting with another party only considers the conditions that directly aflect themselves but not the other party C. A mental process of anticipating a fraud perpetrator's potential methods of engaging in and concealng a fraud. D. Governmental organization responsible for regulating stock trading and the financial statements and reports of public companies. E. Public documents released by the SEC when a company commits financial statement fraud other perceived inappropriate activities. F. The type of strategic reasoning that occurs when an individual considers how his or her strategic opponent sengaging in a level of strategic reasoning that is not zero-order reasoning. lu QUESTION 2 A. Sales divided by average working capital; a measure of the amountof working capital used to generate revenues. Match each term bots correct description - Topside journal entries Sales return percentage ratio Number of days in receivables ratio B. A measure of profitability; Net Income divided by the number of shares of stock outstanding - Allowance for uncollectble accounts as a percentage d' rece vabes C. Ratios that measure the efficiency with whichinventory is managed and the rate at sodd; calculated as cost of goods sold divided by average inventory for the period. D. Alowance for Doubtful Accounts divided by Accounts Receivable; a measure of the percentage of receivables estimated to be uncollectible Working capital turnover ratio - Earnings per share E. Entries used to create revenues and receivables without underlying documentation F. 365 divided by accounts receivable turnover; a measure of how long it takes to collect receivables - Inventory umover G. Sales returns divided by total sales; a measure of the percentage of sales returned by customers. QUESTION 3 Match each tem bo ts correct description - Understatement of liability frauds - Overstatement of asset fraud . Deferred charges -Mergers - Inadequate Disclosure Fraud A. The issuance of fraudulent or misleading statements or press releases without financial statement line-item effect of the lack of appropriate disclosures that should have been but were not made by management B. Financial statement fraud that involves understanding labilities oramounts owed to others. C. Expenditures that have been capitalized to be expensed in the future D.Financial statement fraud involving recording assets at amounts higher than they should be E The combining of two organizatons into one business entity Home Tools 1.pdf X 1 / 1 mg O 162% 9 1 L/ CH QUESTION 1 Match each temu bo is correct description - Securties and Exchange Commission Financial Statement Fraud SEC enforcement releases Strategic Reasoning -Zero-onder reason ng Higher-order reason ng A. The intentional misstatementof financial statements through omission of critical facts or disclosures, misstatementof amounts, or misapplication of accepted accounting principles. B. The type of strategic reasoning that occurs when an individual who is interacting with another party only considers the conditions that directly aflect themselves but not the other party C. A mental process of anticipating a fraud perpetrator's potential methods of engaging in and concealng a fraud. D. Governmental organization responsible for regulating stock trading and the financial statements and reports of public companies. E. Public documents released by the SEC when a company commits financial statement fraud other perceived inappropriate activities. F. The type of strategic reasoning that occurs when an individual considers how his or her strategic opponent sengaging in a level of strategic reasoning that is not zero-order reasoning. lu QUESTION 2 A. Sales divided by average working capital; a measure of the amountof working capital used to generate revenues. Match each term bots correct description - Topside journal entries Sales return percentage ratio Number of days in receivables ratio B. A measure of profitability; Net Income divided by the number of shares of stock outstanding - Allowance for uncollectble accounts as a percentage d' rece vabes C. Ratios that measure the efficiency with whichinventory is managed and the rate at sodd; calculated as cost of goods sold divided by average inventory for the period. D. Alowance for Doubtful Accounts divided by Accounts Receivable; a measure of the percentage of receivables estimated to be uncollectible Working capital turnover ratio - Earnings per share E. Entries used to create revenues and receivables without underlying documentation F. 365 divided by accounts receivable turnover; a measure of how long it takes to collect receivables - Inventory umover G. Sales returns divided by total sales; a measure of the percentage of sales returned by customers. QUESTION 3 Match each tem bo ts correct description - Understatement of liability frauds - Overstatement of asset fraud . Deferred charges -Mergers - Inadequate Disclosure Fraud A. The issuance of fraudulent or misleading statements or press releases without financial statement line-item effect of the lack of appropriate disclosures that should have been but were not made by management B. Financial statement fraud that involves understanding labilities oramounts owed to others. C. Expenditures that have been capitalized to be expensed in the future D.Financial statement fraud involving recording assets at amounts higher than they should be E The combining of two organizatons into one business entity
