Kiting Accounting Zhongwen

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What is Kiting? - Definition Meaning Example

    https://www.myaccountingcourse.com/accounting-dictionary/kiting
    Kiting turns checks into more of a form of short-term credit than an actual check or order to pay. Bookkeepers can perform check kiting if they have access to the checks, perform the bank reconciliations, and record the checks in the accounting system. This might sound like a complete violation of the segregation of duties concept. Well, it is.

kiting definition and meaning AccountingCoach

    https://www.accountingcoach.com/terms/K/kiting
    kiting definition. This activity, which involves playing the float, is sometimes used when a company is facing an overdrawn checking account.Assume that a company has a checking account at NY Bank that is about to overdraw. To prevent the NY Bank checking account from overdrawing, the company deposits one of its checks drawn on its PA Bank.

Kiting Definition - Investopedia

    https://www.investopedia.com/terms/k/kited.asp
    May 07, 2019 · Carried out within the banking system, kiting typically involves passing a series of checks at two or more banking institutions, using accounts that have insufficient funds. Relying on the float...

Kiting financial definition of Kiting

    https://financial-dictionary.thefreedictionary.com/Kiting
    Kiting Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank. Also refers to illegally increasing the face value of a check by changing the numbers on the check. In the context of securities, refers to the ...

What Is Cash Kiting? Sapling

    https://www.sapling.com/8206739/cash-kiting
    Mar 28, 2017 · Cash kiting, or check kiting, is a method of fraud in which an individual may artificially inflate the balance on a bank account by writing checks and taking advantage of bank floats. Costing banks billions of dollars in lost revenue, the act has been …

AUDITING: " LAPPING & KITTING

    https://paandpaf.blogspot.com/2011/07/lapping-kitting.html
    Often we know the meaning of fraud in an audit with the word FRAUD, but fraud in the financial world can be interpreted as forms of theft such as in 362 article KUHP, extortion and threats in 368 article KUHP, embezzlement in 372 article KUHP, and skullduggery in 378 article KUHP. In general, the scams have also been defined by Webster's New World Dictionary as a fraud committed for personal gain.

Twelve Factors to Monitor for Check Kiting

    https://interaction-training.com/twelve-factors-to-monitor-for-check-kiting/
    The Federal Bureau of Investigation defines check-kiting as “a scheme which artificially inflates bank account balances, in accounts that are under common control, for purposes of obtaining unauthorized use of bank funds, through the systematic exchanging or swapping of checks between these accounts, in a manner which is designed to misuse the float that exists in the banking system.”

terminology - What is kiting? - Arqade

    https://gaming.stackexchange.com/questions/18903/what-is-kiting
    "Kiting" is a blanket term used to describe any strategy in which the mob is taking damage, but it is not dealing damage. Even root+nuking a mob could, in some sense, be considered kiting. Here are some strategies that are considered kiting: In EQ1, "fear kiting" was widely used by necromancers. Necros would fear the mob, and it would run in ...

Lapping Scheme Definition

    https://www.investopedia.com/terms/l/lappingscheme.asp
    Feb 03, 2020 · A lapping scheme is a form of accounting fraud whereby stolen or misappropriated cash is obscured by altering the accounts receivable. A forensic accounting audit of cash receipts can be ...

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