Review of Financial Accounting and Detecting Fraud Training Course in Dubai

BMC Training provides Review of Financial Accounting and Detecting Fraud Course in Dubai.There are 8 sessions for the course Review of Financial Accounting and Detecting Fraud in Dubai , UAE.

Review of Financial Accounting and Detecting Fraud Training in Dubai , UAE

Course Code : FBA131 - Course Address : Manzil Downtown Hotel - Course Fees : 4750 GBP + 05% VAT

City Start Date End Date View
Dubai , UAE 10 - 12 - 2023 14 - 12 - 2023
Dubai , UAE 17 - 12 - 2023 21 - 12 - 2023
Dubai , UAE 7 - 1 - 2024 11 - 1 - 2024
Dubai , UAE 11 - 2 - 2024 15 - 2 - 2024
Dubai , UAE 25 - 2 - 2024 29 - 2 - 2024
Dubai , UAE 24 - 3 - 2024 28 - 3 - 2024
Dubai , UAE 14 - 4 - 2024 18 - 4 - 2024
Dubai , UAE 28 - 4 - 2024 2 - 5 - 2024
Course Description


Fraud, including accounting fraud, accounts for significant activity by the criminal classes and this seminar sets out to explain what accounting fraud is, how it can be detected and therefore how it might be prevented.

A large emphasis of this programme is quantitative since accounting is a quantitative subject and auditors and others need a quantitative perspective on their work.

The cases and data coming from the Oil and Gas Industry will be used at relevant places in the seminar. Delegates are highly encouraged to be ready to discuss their own concerns although it is appreciated that confidentially is a supreme concern in a seminar such as this.


  • Discuss the structure and foundations of financial reporting
  • Undertake an initial analytical and critical review of financial reports
  • Be aware of creative accounting and how it can be determined
  • Determine the need for forensic accounting by means of case study and other analysis
  • Appreciate the nature or Benford’s Law and its increasingly important role in the prevention and detection of fraud
  • Discuss the role of the auditor in detecting fraud
  • Applying predictive modelling to the fraud problem
  • Carrying out a variety of statistical tests on financial reports and accounting data

Day One

Financial Accounting Review

  • The Background to Financial Reporting
    • Structure of financial reports
    • Regulation of financial reporting
    • Legislation
    • Financial reporting standards
    • Concepts and conventions
    • The framework
  • The Analysis of Financial Reports
    • Ratio analysis
    • Statistical and graphical analysis of financial reports: how can fixed costs be less than zero?
    • Detecting bias in accounting numbers
    • Qualitative analysis: what people say and what they might mean

Oil and Gas Company Reporting Standards and data will feature significantly in this section

Day Two

What is creative accounting and why is it a bad thing?

  • Earnings management
  • Inappropriate accruals and estimates
  • Excessive provisions
  • Recognizing premature revenue recognition
  • Fictitious revenue
  • Aggressive capitalization
  • Creative income statements: classification and disclosure
  • Problems with cash flow reporting

Cases from the energy sector will be used here

Day Three

  • The basics of forensic accounting
  • The going concern concept in greater detail
  • Cases in which forensic accounting was used
  • Off balance sheet finance
  • Introduction to Benford’s Law

Cases from the energy sector will be used here

Day Four

The Role of the Auditor and Detecting Fraud

  • The Role of the Auditor in the Prevention and Detection of Fraud
  • Deterring Fraud
    • The fraud triangle
      • Why?
      • Who?
      • How?
  • The COSO “Internal Control – Integrated Framework,” (COSO Model)
  • 20 ways to detect fraud
  • Fraud v Erroneous Claims
  • Fraud Detection as a Predictive Modeling Problem
  • Predicting rare events
    • Predictors
    • Stratified sampling
    • Stratified random sampling
    • Outliers
  • Data mining
  • Text mining
  • Identifying fraud using time series analysis
  • Fraud risk assessments

Day Five

Detecting Fraud

  • Further Statistical Analysis of accounting and other data
    • Grouping
    • Ordering
    • Correlation and regression analysis
    • Hypothesis testing
    • Further application of Benford’s Law
      • Chi Square and Kolmogorov Smirnoff Tests
      • Mean Absolute Deviation (MAD) test
      • Mantissa Arc Test
      • Second Order and Summation Tests
  • Summary case study of the main learning points of the seminar: delegates will be expected to bring their own experiences and learning highlights to this final discussion
Where will the course be held?

The course will be held in Downtown. The exact address and directions will be provided to all enrolled participants prior to the start of the course.

What topics will be covered in the course?

The course will cover a range of topics related to the subject matter, including but not limited to the topics of outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.

What is the schedule for the course?

The course is expected to run for 3 hours daily. The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.

What do I need to bring to the course?

All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.

What is the instructor's background and experience?

Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.

What are the T&C for this course?

Please visit our Terms and Conditions page

What kind of certificate will I receive upon completion of the course?

Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.