Webclass 80: OPEX as CAPEX fraud case

Q1. When her boss, the CFO of WorldCom, found out that the head of internal audit was reviewing journal entries and capital expenditure, did he encourage her?

No

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Yes

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Q2. Why did Eugene Morse decide to work at night in a dark room?

In order to not crash the IT system and to keep the work secret

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Because he was only allowed access to the system at night

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Q3. Was the corporate finance director, general accounting director and accounting directors aware of why they were posting operating expenses as capital expenditure?

No

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Yes

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Q4. What was the initial reaction of the Corporate Controller when he found out that audit was spending time on capital expenditure?

Audit should not be wasting time

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That's great work by audit

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Q5. Why might the auditor like to work with some junior-ish accounting people?

So that they can get explanations/ supporting documentation for the transactions that they identify

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They shouldn't, it is better if the auditor goes through the CFO for any questions

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Q6. If operating expenditure is being booked as if it is capital expenditure, what might the journal entry look like?

Debit raw materials, credit assets

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Credit raw materials, debit assets

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Q7. How are operating expenses usually booked?

Credit expenditure, debit supplier or GR/IR account

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Credit expenditure, debit a suspense account

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Q8. On a dashboard of OPEX to CAPEX, why might we want to show the total P&L movements for the period?

So that we can calculate the impact of the OPEX to CAPEX

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So that we can compare to the balance sheet

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Q9. When we are trying to identify transactions that debit operating expense and credit assets, why might we first want to list out the accounts on one line per journal entry?

To make it easier to filter on the cases that we are looking for

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Because we are only looking for journal entries with two lines

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Q10. In the QLIK example, why did we create the ZF_BSEG_DMBTR_NEG field?

So that when we list out the accounts on one line, we can see the most important account in terms of value appearing in the front of the list

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So that we can differentiate between debit and credit

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Webclass 80: OPEX as CAPEX fraud case

Webclass 80: OPEX as CAPEX fraud case

admin June 9, 2026

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