This 20 minute training session consists of three short video presentations.
Lesson 1: Know Thy Enemy's Tactics (10:00 min.) covers misappropriation of assets, corruption and financial reporting fraud.
Lesson 2: Understand Thy Enemy (02:00 min.) provides an overview of the fraud triangle.
The purpose of this module is to describe the most common types of employee fraud schemes, related detection and prevention methods, as well as discuss motivations and opportunities that give rise to employees commiting fraud.
Target Student Population:
College and Professional
Prerequisite Knowledge or Skills:
Very general concepts about business are needed.
Type of Material:
The videos could be assigned for outside of class viewing or as an introduction to a discussion of fraud in a principles of accounting, systems, for forenstic accounting class.
Evaluation and Observation
The author provides an excellent summary of fraud schemes (missappropriation of assets, corruption, and fraudulent financial reporting) and related detection, prevention, and criminology theories in a concise, well informed manner. The videos present educationally significate core concepts that are relevant to any business. The videos could be used in an introductory accounting course for coverage of internal control or presented to employees of a company. They are also relevent to a typical fraud chapter in an accounting systems course or forensic accounting course. Each video includes an adequate amount of material.
The last comment on each video is stated too quickly to understand. Some of the data reported that references he ACFE (Association of Certified Fraud Examiners) is a bit dated. No citation are given for one to know how current the facts are. Some of the charts that appear in the slides are blurry.
Potential Effectiveness as a Teaching Tool
The three videos have been designed to be viewed as a set in sequence. Learning objectives are identified at the beginning of each video. Concepts are introduced logically with relationships demonstrated between them. As a teaching tool beyond the classroom, this module could be useful as a review or reminder for professionals. Each video is efficient in that much can be learned in a short time. Each video is packed with content presented in a succinct manner. This seroes pf videos would be a good addition to an online class that covers fraud but lacks video lectures.
ACFE citations may be a bit dated.
Ease of Use for Both Students and Faculty
The presentation is very informative and visually appealing. The narrator had a great speaking voice. Closed captioning is also available. Excellent use of graphics throughout. The presentation can be paused, rewound, and reviewed at the user's discretion.
The presentation is not particularly engaging. It does not attempt to draw the viewer into the ‘conversation’ or material that is being covered through the use of rhetorical questioning. While seeing who is giving the presentation is nice, the purpose of the inset showing the speaker reading the script is unclear. The pace is rather fast for any type of note taking. The presenter interviewing his daughter at the beginning of the first video distracts from the presentation. Given the nature of the material, flexibility of use is limited to a substitute for a lecture.
Other Issues and Comments:
The same individual does a variety of other videos related to accounting concepts.