Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Vikkie was the only accountant for a small-town land development company. She was terminated when the company fell on hard times. One year later, when the owner of the company was reviewing the payments received from a land-owner for development cost, he discovered that they were five payments behind for a total of $150,000. He contacted the land owner who showed him the check stubs and cancelled checks. After further research he found that the account in which the checks were deposited belonged to Vikkie, his former accountant.

What type of fraud did Vikkie commit and what actions should be taken against her? Could this fraud have been prevented?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945922

Have any Question? 


Related Questions in Accounting Basics

Q1 the 2014 balance sheet of sugarpovas tennis shop inc

Q1. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.9 million. The 2015 income statement showed an interest expense o ...

Identify and explain the inventory asset and cost flows of

Identify and explain the inventory asset and cost flows of a merchandising company. Provide examples.

Assume dubello company uses the cost method for any

Assume Dubello Company uses the cost method for any treasury stock transactions. Dubello Company has the following information about it's common stock on January 1 of the current year: Common Stock, $4 par; 200,000 share ...

Taskin april 2016 the fair work ombusman released a report

Task In April 2016, the Fair Work Ombusman released a report on the findings of this inquiry on the 7 Eleven franchise network. The inquiry was prompted by allegations of systemic non-compliance with federal workplace la ...

Final project budget variance reportintroduction-in your

Final Project Budget Variance Report Introduction- In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the operating budget and variance analysis as explained i ...

Discuss the extent to which cost data is useful in the

Discuss the extent to which cost data is useful in the determination of pricing policy. Explain the advantages and disadvantages of presenting cost data for possible utilization in pricing policy determination using an a ...

Accounting amp the regulatory environmentin the wake of the

Accounting & The Regulatory Environment In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency ...

Enter the given transactions in the bank account in ajays

Enter the given transactions in the bank account in Ajay's ledger 1 The owner started her business with a capital contribution of N$25 000 which she deposited in the business' bank account 3. Purchased stationary, N$140 ...

Principles of accountingyou will select a company from this

Principles of Accounting You will select a company from this list, and you will analyze the company's financial performance, highlighting accounting principles and methods learned in this course. This project requires yo ...

Assignmentnbsp question 1consolidation of wholly owned

Assignment   Question 1 Consolidation of wholly owned subsidiary, pre-acquisition equity and BCVR entries for assets and liabilities Lisa Ltd acquired all the issued shares of Kam Ltd on 1 January 2016 for $88 000. At th ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate