An example of a classic fraudulent accounting practice in income accounting

Example 8 - Calculation Question] Both enterprises A and B are general VAT taxpayers, and the VAT rate is 17. On March 6, 2006, enterprise A and enterprise B signed a consignment agreement, under which enterprise A entrusted enterprise B to sell 500 pieces of commodity A, and the unit cost of commodity A was 350 yuan per piece. The consignment agreement stipulates that enterprise B shall sell to customers at the rate of 585 yuan (including VAT) for each piece of product A, and enterprise A shall pay a handling fee to enterprise B at 10% of the selling price excluding VAT.

On April 1, enterprise A received the consignment list from enterprise B, which indicated that the actual sales of 400 pieces of commodity A were 200,000 yuan, and the value-added tax was 34,000 yuan. On the same day, enterprise A will issue a special VAT invoice with the same amount to enterprise B.

On April 6, Company A received the consignment payment for the goods after deducting the handling fee from Company B. Requirements: According to the above information, prepare the following accounting entries for enterprise A:

1) Issue accounting entries for the commodity. (2) When receiving the consignment list, the sales revenue, value-added tax, handling fee expenses, and the accounting entries of the cost of sales carried forward are recognized. (3) Accounting entries for the receipt of consignment payments for goods.

The "tax payable" account requires the name of the detailed account and column, and the amount unit in the answer is expressed in yuan) (2006 exam questions) [Answer] (1) Borrow: consignment goods 175000 Credit: inventory goods 175000 (2) Borrow:

Accounts receivable 234,000 Credit: income from main business 200 000 (400 500) Tax payable - VAT payable (output tax) 34 000 Credit: selling expenses 20,000 (400 500 10%) Credit:

Accounts receivable 20 000 Borrow: cost of main business 140000 Credit: consignment goods 140000 (350 400) (3) Borrow:

Bank Deposits 214,000 Credit: Accounts Receivable 214,000

Please see "False Accounts and Anti-False Accounts Practices and Cases".

Source: Accounting fraud declassified. EXE, size: 270kb, identification and prevention of inventory fraud. doc, size: 31kb sent to you.

One of Kelon's fraud methods: fabricating false financial reports such as fabricating main business income, undercounting bad debt provisions, and undercounting litigation compensation. According to the investigation, in the three years from 2002 to 2004, Kelon inflated profits by 100 million yuan in its annual report (among them, the inflated profits were 100 million yuan in 2002, 100 million yuan in 2003, and 100 million yuan in 2004).

Careful analysis, Kelon 2001 reported an income of 100 million yuan and a net profit of 19.75 million yuan, but in the annual report, it achieved an income of 100 million yuan and a net loss of 100 million yuan. One of the main reasons for Kelon's huge loss of nearly 1.6 billion yuan in the second half of 2001 was the provision for impairment of 100 million yuan. The auditors issued a rejection opinion on Kelon's annual report for 2001.

In 2002, Kelon reversed various impairment provisions, and the impact on the profit of that year was 100 million yuan. But what evidence can prove that the provision and reversal of the impairment of its huge assets are "fair"? If there is no provision for impairment and advertising expenses in 2001, it will be impossible for Kelon Electric to turn losses into profits in 2002; If there was no provision in 2001 and a reversal in 2002, Kelon Electric would not have made a profit in 2003.

According to the existing delisting rules, if the performance of Kelon Electric had not undergone the above-mentioned financial treatment, it would have been "wearing a hat with stars" or even delisting. It can be seen that Kelon Electric did not make a profit at all in 2002 and 2003, and ST Kelon turned around its losses only as a result of an accounting number game.

Check the case of the listed company "Qiong Minyuan" online.

Well, take a look at the guys who do fake accounts in IPO financial counseling, and you will know, no need to ask, there is a check on the Internet.

Summary. Hello dear, glad to answer for you; The examples are as follows; The trading company first buys cocoa beans from South America for the processing plant and then sells them to the processing factory, in fact, the products are designated by the processing plant, but after a transaction from the trading company, you can increase a sales income. The processing plant can produce two kinds of products when it gets cocoa beans, one is cocoa powder, which is the raw material for cakes, chocolates and other foods; One is cocoa butter, which sells well in the international market; Cocoa butter is exported, cocoa powder can be exported or sold domestically, and the production is also sold by trading companies.

It just so happened that one year when the business of the trading company had a problem, and the profit target could not be completed, the boss asked for financial fraud, and the method was as follows: we assume that the cost price of a pound of cocoa butter is 200 yuan, and the cost price of a pound of cocoa powder is 100 yuan, and the gross profit of normal sales is 2-5%, and it will not make a few dollars. In order to make profits, the trading company asked the processing plant to cooperate, open the invoice equally, lower the purchase price of cocoa butter, and increase the purchase price of cocoa powder, so that the cost price of the two products became 150 yuan a catty (for the convenience of example, it is not so obvious).

Because cocoa butter sells quickly, it can increase profits by millions that year.

Who will do a case study of financial fraud.

Hello dear, glad to answer for you; The examples are as follows; The trading company first buys cocoa beans from South America for the processing plant and then sells them to the processing factory, in fact, the products are designated by the processing plant, but after a transaction from the trading company, you can increase a sales income. The processing plant can produce two kinds of products when it gets cocoa beans, one is cocoa powder, which is the raw material for cakes, chocolates and other foods; One is cocoa butter, which sells well in the international market; Cocoa butter is exported, cocoa powder can be exported or sold domestically, and the production is also sold by trading companies. It just so happened that one year there was a problem in the operation of the trading company, and the profit target could not be completed, so the boss asked for financial fraud, and the method was as follows:

Let's assume that the cost price of a pound of cocoa butter is 200 yuan, and the cost price of a pound of cocoa powder is 100 yuan, and the gross profit of normal sales is 2-5%, and it will not make a few dollars. In order to make profits, the trading company asked the processing plant to cooperate, open the invoice equally, lower the purchase price of cocoa butter, and increase the purchase price of cocoa powder, so that the cost price of the two products became 150 yuan a catty (for the convenience of example, it is not so obvious). Because cocoa butter sells quickly, it can increase profits by millions that year.

Can you understand this amount?

Dear, you can't look good.