Forensic accounting is a growing field of the forensic science. This area specializes in using forensic techniques to help resolve crimes. In today’s fast paced economy, where millions of transactions take place every day, the risk of financial loss is high. Many individuals and organizations are convicted of fraud, money laundering, and breach of contracts. To help resolve such cases, the need of a specialist is crucial. Forensic accountants are specialized in investigating such cases, determining the authenticity of findings, and presenting reports and information in court proceedings. In many situations, forensic accountants are required to provide expert testimony in court trials.
Pursuing a career as a forensic accountant can turn out be a rewarding career choice as the demand for these professionals is expected to grow rapidly. On the other hand, a qualification in forensic accounting will allow you to work in a diverse range of business settings. But to start off your career in this field, you need to first equip yourself with the right degree and right set of skills. The higher your qualifications are, the better will be you chances of initiating a well-paying career. There are a number of accounting colleges that provide degree programs in forensic accounting.
Forensic Accounting Courses
To start off your cadmic pursuit, you must pick a course or a route that will help you achieve your goal. If you have just finished high school, you can opt for an associate or a bachelor degree in forensic accounting. On the other hand, if you have finished you bachelor degree in a similar field, you can pursue further education by enrolling in a masters in forensic accounting. There are also a number of short courses offered in this principle, such as certificate in forensic accounting and professional diplomas.
The curriculum of forensic accounting courses will depend upon the level of the program. However, most programs aim to cover the following objectives:
Develop skills needed to analyze and resolve financial fraud crimes
Gain in-depth detail about the industry and professional bodies
Apply accounting principles in different categories of crimes
Acquire a full understanding of legal terminology and its use in the industry
If enrolling in a campus based program is not possible for you, you can opt for a forensic accounting degree online instead. Now education is possible to pursue even from the comfort of your home. Online education has revolutionized the education sector, allowing hundreds of students to pursue their academic dreams without having to attend college.
Forensic accounting is a fats growing branch of accounting nowadays. The career opportunities are rewarding and dynamic. You can pursue a job position in an accounting firm, or a federal law enforcement agency, or even work for a private organization. Your key job duty will be investigating cases, performing audits, and analyzing financial criminal activity. According to the US Bureau of Labor Statistics, accountants make an annual median income of $61,690. The job outlook is positive where the growth rate has been estimated to be 16% in the coming years.