Categories of occupational crime
Describe four categories of occupational crime.
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Organizational occupational crime: This is termed as corporate crime. In this the structure of the corporate, its resources, environment and mission are the key elements of understanding the crime. For example the environmental pollution involves all corporate personnel at all levels.
State authority occupational crime: this can also be termed as governmental crime. This points out to all abuses and illegal applications of the powers given to the official in the particular position.
Professional occupational crime: This refers to the crimes or frauds done by the professionals. For example sometimes the doctors prescribe surgeries to patients that might not be necessary but the prescription will make the doctors earn more.
Individual occupational crime: This is carried out by an individual himself. For example tax evasion.
Asset Purchase: Agreement between seller and buyer to obtain an organization's assets. In an asset purchase, only particular assets transfer ownership from seller to the buyer. Assets should be re-titled to the latest owner who has the capability to d
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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