Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Overview of Degree Programs in Forensic Accounting

Majors Overview May 7, 2014

Once forensic accounting majors earn their Bachelor of Science (B.S.) degree, they can find work as financial analysts, forensic accounting specialists, and auditors. Individuals usually have some experience providing accounting advice or examining an organization’s books and are licensed as Certified Public Accountants (CPAs). Licensure requires 30 hours of additional collegiate study, which a master’s degree program can provide.

Bachelor of Science (B.S.) Programs in Forensic Accounting

Students enrolled in a Bachelor of Science (B.S.) degree program in Forensic Accounting are provided with the basic training needed for investigating accounting fraud, verifying compliance with regulatory law, and supporting litigation.

Coursework focuses on numerous themes, including waste, negligence, and internal theft, in various business industries. Legal process is also reviewed by students, whereby they learn about collecting evidence of accounting fraud or providing evidence of a firm’s compliance with financial regulations. Recording-keeping and analytical and communications skills of forensic accounting majors are developed to ensure that these tasks are supported.

A graduate who seeks work as an auditor or an accountant may often need professional certification such as the Certified Public Accountant (CPA) credential.

Coursework

Introductory and intermediate principles of accounting begin coursework in the program; these include the nature of Generally Accepted Accounting Principles (GAAP), in addition to capital, depreciation, liabilities, and assets. Students also learn about accounting software, including Microsoft Excel and Peachtree, to support the study. Core coursework may include subject areas such as:

•Insurance and banking
•Ethics
•Criminology
•Fraud examination
•Regulatory frameworks
•Auditing
•Financial principles

Job and Wage outlook

A job growth rate of 16% has been predicted for accountants over the 2010-2020 decade (U.S. Bureau of Labor Statistics (BLS)). In 2012, these professionals took home an average annual wage of $63,550. CPA certification and a four-year degree are required by those who wish to pursue a career in forensic accounting (BLS). Some employers also require candidates to pass the Certified Fraud Examiners (CFE) exam or the Certified Forensic Accountant (CFA) exam. A master’s degree is required for some positions, such as those relating to technical or management fields.

In order to be able to render a professional opinion or attest to record for the Securities and Exchanges Commission (SEC), a candidate must be a CPA – this can be accomplished through 150 hours of postsecondary study (most bachelor’s degree programs offer only about 120 hours).

Master of Science (M.S.) Programs in Forensic Accounting

Ahead of graduate studies, a bachelor’s degree in Accounting is needed by students. If they don’t meet the course prerequisites to take the CPA exam, they would have to ensure that they satisfy these prerequisites before they graduate. Graduate study does not mandate a forensic accounting background; however, students enrolled in some programs may have to complete business research, analysis, and reporting courses before they can enroll in programs relating to advanced forensics in the financial industry.

Advanced techniques in law, computer science, and quantitative analysis are covered in a master’s degree. After they complete the program, individuals gain a grasp of GAAP practices, asset valuation, and forensic analysis in the field. They are also able to calculate total losses from misappropriation, negligence, or fraud. Graduates can seek entry-level careers as financial analysts, forensic accounting specialists, or accountants.

Coursework

Program coursework features intermediate and advanced accounting principles, in addition to managerial accounting and taxation lessons. Case studies are used to teach students about evaluating financial statements for consistency and compliance. Students may also be required to participate in a research seminar. Statistical methods, jurisprudence, shareholding, and internal revenue procedures are also addressed in graduate programs. In addition to an internship, prerequisites may include subject areas such as:

•Non-profit organizations
•Fraud investigation
•Business and tax strategy
•International transactions

Job and Wage Outlook

A four-year degree is a rudimentary necessity for a career as a forensic accounting specialist, accountant, or financial analyst; however, job prospects can be improved by earning a graduate degree. Armed with a master’s degree in Accounting, the candidate will be eligible to take the CPA exam.

A job growth rate of 16% has been predicted for accountants and auditors over the 2010-2020 decade (U.S. Bureau of Labor Statistics [BLS]). In 2010, forensic accounting specialists were paid an average annual salary ranging from $126,661 to $198,333 by the Securities and Exchanges Commission.

In 2012, the top 10% of accountants and auditors took home an average annual wage of at least $110,000, while the top 10% of business analysts banked nearly $150,000 (BLS). A job growth rate of 23% has been predicted for business analysts over the 2010-2020 decade, expected to be fuelled by the need to comprehend various foreign markets that follow their own accounting standards, in addition to the increasing complexity of financial instruments and the growth of hedge funds. In 2012, business analysts took home an average annual wage of $76,950.

Searching Searching ...

Matching School Ads
1 Program(s) Found
Everest College , Newport News
  • Bachelor's and master's level Business programs are available online and on campus.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Financial Aid
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Enhance organizational performance and create effective traditional and virtual teams through motivation, organizational culture, and change management.
  • Address the legal and ethical implications of human resources and administration in an organizational setting.
  • Analyze business policy and strategy in relationship to competitors.
  • Resolve conflict by utilizing various management styles and best practices.
  • Understand employment and compensation requirements including insurance, salary, labor, health, and safety.
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Apply managerial and business processes to information systems.
  • Conduct systems analysis to manage complex projects.
  • Design business intelligence solutions to meet organizational objectives.
  • Analyze complex data to support strategic decision making
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!