Guilty as Charged:

8 Ways to Commit Accounting Fraud

"Improper revenue recognition practices"

An excellent article that describes how people with
access to a company's finances can scam the company.

1.  RECOGNIZE REVENUE EARLY

     Book revenue when an order comes in, not when
     the product ships.

2.  SHIP EARLY

     Ship product early to customers that do not want
     it yet.

3.  SEND UNWANTED SHIPMENTS

     Ship product to customers that did not order
     merchandise, and do not reverse the returns.

4  SHIP TO FREIGHT FORWARDERS

     Ship product to freight forwarders to store until it
     is shipped to a legitimate customer or returned.

5.  FAKE INVOICES

     Create fake invoices and shipping documents to
     make it appear as if legitimate sales went out
     to real customers.

6.  FAKE CUSTOMERS

     Create invoices and orders to nonexistant companies.

7.  PERMIT UNCONDITIONAL RIGHTS OF RETURN

     Allow distributors to take product without taking
     titile to the goods.

8.  CREATE BOGUS TITLE TRANSFERS

     Create records to make it look as if the title had
     been transferred on unshipped or  fake goods.