Fraud Risk Brainstorming at Tesla
Fraud Risk Brainstorming at Tesla – Part 2
Read the following case study:
Hess, M. F., & Andiola, L. M. (2018). Fraud risk brainstorming at Tesla Motors. Issues in Accounting Education, 33(2), 19–34.
Case Requirements:
In a paper, address the following questions.
- Fraud risks related to revenue recognition at
- What does Tesla sell and how does the company account for revenue, accounts receivable, and COGS? (See ‘‘Tesla’s 2015 Annual Report,’’ Item 1 Business, Item 7 MD&A, and Item 8 Financial Statements and Supplementary Data, Note )
- How might these revenue-recognition practices create opportunities, incentives, and/or rationalizations for fraud?
- Fraud risks related to Tesla’s business and operating
- Review the business risks disclosed by the company (see Tesla’s 2015 Annual Report, Item 1A Risk Factors, Item 8 Financial Statements, Supplementary Data, Note 2, and Note 13). How might some of these business risks from the external environment also create fraud risks within Tesla?
- What fraud risks are posed by Tesla’s expansion plans and the company’s ability to operate as a going concern? (See Tesla’s 2015 Annual Report, and refer to Item )
- What related-party transactions support Tesla’s financial performance? (See Tesla’s 2015 Annual Report, Item 1 Manufacturing.) How might these transactions create opportunities for fraud?
- Fraud risks indicated by the results of preliminary analytical
- What fraud risks may be indicated by the year-to-year comparisons of Tesla’s financial statements (refer to Exhibits 1 and 2 in the case study)?
- How does the company perform relative to its peers (refer to Exhibit 4 in the case study)? Do these ratios and trends seem reasonable?
Assignment Paper Requirements:
- Write a paper (memo) of a minimum of six double-spaced pages, not counting the title and reference pages (which you must include).
- Copy and paste each one of the questions into your paper in bold type to ensure you have answered each of the assignment
- Use terms, evidence, and concepts from class readings, including professional business language.
- Cite at least three credible, academic, or professional sources for this assignment. The TAMUCT Library is a great place to find resources, as well as the FASB
- Format your paper according to APA
Fraud Risk Brainstorming at Tesla – Part 2
Read the following case study:
Hess, M. F., & Andiola, L. M. (2018). Fraud risk brainstorming at Tesla Motors. Issues in Accounting Education, 33(2), 19–34.
Case Requirements:
In a paper, address the following questions.
- Fraud risks related to revenue recognition at
- What does Tesla sell and how does the company account for revenue, accounts receivable, and COGS? (See ‘‘Tesla’s 2015 Annual Report,’’ Item 1 Business, Item 7 MD&A, and Item 8 Financial Statements and Supplementary Data, Note )
- How might these revenue-recognition practices create opportunities, incentives, and/or rationalizations for fraud?
- Fraud risks related to Tesla’s business and operating
- Review the business risks disclosed by the company (see Tesla’s 2015 Annual Report, Item 1A Risk Factors, Item 8 Financial Statements, Supplementary Data, Note 2, and Note 13). How might some of these business risks from the external environment also create fraud risks within Tesla?
- What fraud risks are posed by Tesla’s expansion plans and the company’s ability to operate as a going concern? (See Tesla’s 2015 Annual Report, and refer to Item )
- What related-party transactions support Tesla’s financial performance? (See Tesla’s 2015 Annual Report, Item 1 Manufacturing.) How might these transactions create opportunities for fraud?
- Fraud risks indicated by the results of preliminary analytical
- What fraud risks may be indicated by the year-to-year comparisons of Tesla’s financial statements (refer to Exhibits 1 and 2 in the case study)?
- How does the company perform relative to its peers (refer to Exhibit 4 in the case study)? Do these ratios and trends seem reasonable?
Assignment Paper Requirements:
- Write a paper (memo) of a minimum of six double-spaced pages, not counting the title and reference pages (which you must include).
- Copy and paste each one of the questions into your paper in bold type to ensure you have answered each of the assignment
- Use terms, evidence, and concepts from class readings, including professional business language.
- Cite at least three credible, academic, or professional sources for this assignment. The TAMUCT Library is a great place to find resources, as well as the FASB
- Format your paper according to APA
- Fraud risks related to revenue recognition at
– Part 2
Read the following case study:
Hess, M. F., & Andiola, L. M. (2018). Fraud risk brainstorming at Tesla Motors. Issues in Accounting Education, 33(2), 19–34.
Case Requirements:
In a paper, address the following questions.
- Fraud risks related to revenue recognition at
- What does Tesla sell and how does the company account for revenue, accounts receivable, and COGS? (See ‘‘Tesla’s 2015 Annual Report,’’ Item 1 Business, Item 7 MD&A, and Item 8 Financial Statements and Supplementary Data, Note )
- How might these revenue-recognition practices create opportunities, incentives, and/or rationalizations for fraud?
- Fraud risks related to Tesla’s business and operating
- Review the business risks disclosed by the company (see Tesla’s 2015 Annual Report, Item 1A Risk Factors, Item 8 Financial Statements, Supplementary Data, Note 2, and Note 13). How might some of these business risks from the external environment also create fraud risks within Tesla?
- What fraud risks are posed by Tesla’s expansion plans and the company’s ability to operate as a going concern? (See Tesla’s 2015 Annual Report, and refer to Item )
- What related-party transactions support Tesla’s financial performance? (See Tesla’s 2015 Annual Report, Item 1 Manufacturing.) How might these transactions create opportunities for fraud?
- Fraud risks indicated by the results of preliminary analytical
- What fraud risks may be indicated by the year-to-year comparisons of Tesla’s financial statements (refer to Exhibits 1 and 2 in the case study)?
- How does the company perform relative to its peers (refer to Exhibit 4 in the case study)? Do these ratios and trends seem reasonable?
Assignment Paper Requirements:
- Write a paper (memo) of a minimum of six double-spaced pages, not counting the title and reference pages (which you must include).
- Copy and paste each one of the questions into your paper in bold type to ensure you have answered each of the assignment
- Use terms, evidence, and concepts from class readings, including professional business language.
- Cite at least three credible, academic, or professional sources for this assignment. The TAMUCT Library is a great place to find resources, as well as the FASB
- Format your paper according to APA