Webclass 42: Quick Win Deep-Dive 3 - Manual journal entries

Q1. Which branches of the fraud tree can manual journal entry testing help us to identify? (single choice)

All three branches: Corruption, Asset Misappropriation and Financial Statement Fraud

Correct Incorrect Correct answer

Financial Statement Fraud only: overstatements and understatements

Correct Incorrect Correct answer

Q2. How might we use manual journal entries to identify if someone used the gift of a fixed asset, such as a Ferrari, for a customer/ Politically Exposed Person? (single choice)

Identify manual journal entries that are entered for fixed assets write-offs

Correct Incorrect Correct answer

Identify manual journal entries that are entered for fixed assets depreciations

Correct Incorrect Correct answer

Q3. How might we use manual journal entries to identify if someone is anticipating billing? (single choice)

Identify manual journal entries that are entered to credit/ debit customer accounts in order to refresh customer ageing

Correct Incorrect Correct answer

Identify manual journal entries that are entered for bank adjustments during the bank reconciliation process

Correct Incorrect Correct answer

Q4. If someone was using company expenditure for a parallel business, how might manual journal entries help to identify it? (single choice)

Identify postings for suppliers that have counterparty other than the normal P&L accounts/ accounts that are not linked to cost centers that have been assigned particular budgets

Correct Incorrect Correct answer

Identify postings for suppliers for which there are no purchase orders

Correct Incorrect Correct answer

Q5. What might be happening if you see manual journal entries for Travel & Expense, despite the fact that the entity is also using Concur? (single choice)

Fictitious/ duplicated or unauthorized Travel & Expense or bribe payments that are incorrectly entered as Travel & Expense

Correct Incorrect Correct answer

Automated interface between the Travel & Expense system and the general ledger

Correct Incorrect Correct answer

Q6. Why might someone create loans for an employee that is leaving and then write off that loan a year or so later? (single choice)

In order to receive a kickback from the employee concerned or in order to misappropriate the funds after changing the leaver's bank account

Correct Incorrect Correct answer

As part of the employee's normal leaving package

Correct Incorrect Correct answer

Q7. In which scenario would a long time between the posting date and clearing date indicate that there could be an issue? (single choice)

When the GR/IR is anticipated to keep the cost in the prior period and then re-use the balance for an alternative expense later on in the subsequent period

Correct Incorrect Correct answer

When fictitious sales commissions are created at year-end

Correct Incorrect Correct answer

Q8. Which of the following criteria are for manual journal entries? (multiple choice)

Transaction code starts with F, Y or Z or is equal to ABFI, J1IH, SBWP and is not F110, F150, FN5V FNM1S, NFM3, FNV5, FB21, FB22

Correct Incorrect Correct answer

BKPF_AWTYP= BKPF, BKPFF, BKPFI, FOTP

Correct Incorrect Correct answer

BKPF_GLVOR starts with RF or RG

Correct Incorrect Correct answer

USR02_USTYP = A or S

Correct Incorrect Correct answer

Clearing document number (AUGBL) is blank

Correct Incorrect Correct answer

Q9. What is a journal entry accounting scheme? (single choice)

The list of accounts found on debit and on credit for each journal entry

Correct Incorrect Correct answer

The indication of a fraud relating to financial statements

Correct Incorrect Correct answer

Q10. Which journal entry accounting scheme might we see if we take money out of the online banking system in order to pay a bribe to a Politically Exposed Person? (single choice)

Debit sundry cost, credit bank

Correct Incorrect Correct answer

Credit sundry cost, debit bank

Correct Incorrect Correct answer

Webclass 42: Quick Win Deep-Dive 3 – Manual journal entries

Webclass 42: Quick Win Deep-Dive 3 – Manual journal entries

admin June 9, 2026

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