Payroll scheme - Samenvattingen, Aantekeningen en Examens

CEBS GBA Exam 3 Questions and Answers Rated A+ An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) 1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for...

QuickBooks Practice Test 100 Questions with Verified Answers Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?" - CORRECT ANSWER Vendor Balance Detail - for each vendor, QB lists the transactions that contribute or make up what you owe During the Advanced/Detailed Setup, you can turn on and off which features in the EasyStep Interview? - CORRECT ANSWER All of the above: Sales taxes; Inventory; Progress Invoicing Duri...

©BRAINBARTER 2024/2025 CFE Exam Questions With 100% Verified Answers Falsified Hours & Salary Schemes - answerThe most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage r...

QuickBooks Certification Practice 100 Questions with Verified Answers When setting up a company, what should you do when you reach the Trial Balance/Opening Balances page? - CORRECT ANSWER There is no page or option called Trial Balance/Opening Balances. You can use the Opening Balance Field when you add Vendors (A/P) and Customers (A/R) to enter these balances. Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced/Detailed Setup) file? - COR...

CFE-Financial Transactions and Fraud Schemes Graded A+ Which of the following is a typical method used to make corrupt payments in bribery and corruption schemes? ️Payment of credit card bills, gifts, travel, entertainment, checks, and other financial interests. Laura, the sales manager of Sam Corp., is afraid sales revenue for the period is not going to meet company goals. To make up for the shortfall, she decides to mail invoices to fake customers and credit (increase) revenue on...

QuickBooks Certification Test Questions and Correct Solutions 2024 Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - Answer -So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center What are the first two steps to set up payroll in Quickbooks? - Answer -1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview What are the 2 main Financial Statements you can run ...

Fraud Examination Midterm Study Guide Questions and Complete Solutions Which of the following best describes the objective of a fraud examination? - Ans: To determine whether a crime has been committed, and if so, who is responsible Once sufficient predication has been established, what is the first step a fraud examiner following the fraud theory approach should take? - Ans: Analyze data In a fraud examination, evidence is usually gathered in a manner that moves from general to specif...

Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - Answer- So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center What are the first two steps to set up payroll in Quickbooks? - Answer- 1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? - Answer- Ba...

CEBS GBA Exam 3 Questions & Answers 2023/2024 An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - ANSWER-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund...

Principle of Fraud Examination Ch1-6 Questions and Complete Solutions What is the least common type of cash misappropriation? - Ans: Cash Larceny Is cash larceny always the least expensive? - Ans: NO What is cash larceny? - Ans: The taking of cash without the consent of employer. What are the two types of cash receipt frauds? - Ans: Skimming and Cash Larceny Which cash receipt fraud is "on-the-books"? - Ans: Cash Larceny Which cash receipt fraud is "off-the-books"? - Ans: S...