When people hear the word “accountancy”, they immediately picture an image of an aged man, sitting in a cubicle, going through stacks of files. Although this may be true to an extent, in modern times, accounting has become a much vaster field. There are a number of branches of accounting that have emerged as popular career choices for individuals. Among the most common branches of this field such as banking and auditing, forensic accounting is stepping up as a fast growing area. This specific branch can be described as a combination of accounting principles and litigation, used to gather evidence, investigate, and find proof against financial fraud cases. The number of financial fraud cases and similar criminal activities has risen due to advancement in technology and vulnerability of data. Many cases against individuals and organizations are field each year. It is the main job of forensic accountants to help investigate such case, and find provide findings to court.
Forensic Accounting Certificate
Forensic accounting is offered as a major at all levels of higher education. Students who want to become a forensic accountant must seek specialized education and develop skills. Although a college degree will be necessary to earn for this field, one can also pursue short courses such as certificate programs. Certificate programs are designed to certify a professional in a particular job/field/career. These programs act as extra credentials and increase the credibility of a person. In such a tough job market nowadays, it is recommended that one should go a step further and acquire certification to ensure better job opportunities.
A certificate in forensic accounting will equip you with career-oriented knowledge and comprehensive understanding of the field. You will learn about the many techniques and skills used to detect, prevent, and investigate financial irregularities. The ever growing complexities in the business world are important to understand in order to become a forensic accountant. The nature of the program is advanced as you will cover many theoretical topics such as the following:
Financial statement analysis
Fraudulent financial fraud reporting
Each of the topics carries a defined number of credit hours. You must earn all the credit hours to successfully complete the program. Another point to remember is that the curriculum and duration may vary slightly from institute to institute. Some programs can be completed can be completed in less than 6 months while others may take longer.
The career of a forensic accounting can be exciting, challenging, and equally rewarding. These professionals can seek jobs in all kinds of forensic science units, law firms, law enforcement agencies, and other organizations. The job tasks will vary from job to job and will depend upon many other factors. Forensic accountants must have the skills and knowledge needed to look into a variety of cases related to financial fraud, embezzlement, financial crimes, money laundering, capital investments, and more. According to the US Bureau of Labor Statistics, auditors make an annual income of $61,690. This can be a suitable career choice for those looking for a job path in the financial sector.