Degree Level Course

Financial Forensics

An introduction to Finance and Accounting, The life cycle of a financial transaction, Areas where AI/ML is used in the Finance Industry, Importance of Model Explainability in the Regulated World, An introduction to solving real world finance problems – Credit Card Fraud Detection, Identity Fraud Detection, Anti Money Laundering Scenarios

Taught by Dr. Arun Kumar G

Code BSMS4003

Credits 4 Credits

Type Elective

Prerequisites None

12-Week Roadmap

Course Structure & Syllabus

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For details of standard term assessment timelines and exam structures, visit our Academics page.

WEEK 1

INTRODUCTION TO ACCOUNTING AND FINANCE: Financial Statements | Uses relevance of financial statements | Decision making in the financial arena | Need for finance and accounting in a business world

WEEK 2

FRAUD VULNERABILITIES AND FINANCE: Types of fraud | Why do they occur | Where do they occur | Detecting red flags

WEEK 3

FORENSIC ACCOUNTING - 1: Intro to Forensic Accounting | Source of assignments and referrals for a forensic accountant | Role of the forensic accountant as an expert - identify any conflicts

WEEK 4

FORENSIC ACCOUNTING - 2: Scope of forensic accounting | Process of forensic accounting - Analysis

Reading List

Prescribed Books & References

Robert N Anthony, David F Hawkins and Kenneth A Merchant, Accounting: Text and Cases
Stephen H Penman, Financial Statement Analysis and Security Valuation, Tata McGraw Hill Company, Third Edition.
Cormen, T. H., Leiserson, C. E., Rivest, R. L., & Stein, C. (2009). Introduction to algorithms. Mit Press.
James, G., Witten, D., Hastie, T., & Tibshirani, R. (n.d.). An introduction to statistical learning: With applications in R.

Faculty & Experts

About the Instructors

Dr. Arun Kumar G

Professor , Department of Management Studies(DOMS) , IIT Madras

Prof. G Arun Kumar is a faculty in the Department of Management Studies at IIT Madras. His areas of interest are Finance and Corporate Governance issues. He was actively involved in "Evidence based impact assessment of development" and have worked on field based Impact assessment assignments in the peri-urban or rural setting across the country. Some of these assignments include development of micro enterprises, microfinance, migration & remittances, digital literacy, skill development, women empowerment & women led micro enterprises, etc.

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