DEGREES OFFERED : Master’s Degrees
DEGREES OFFERED : Master’s Degrees
“If you have a head for numbers, this is the profession for you”
Accountants are the most sought after business professionals in corporate arena. Because they are one who ensure the proper financial transactions and manage the financial resources. Oftentimes, accounting and auditing are used interchangeably.
Accounting career will be best suited for the individuals who have a strong inclination towards mathematics. Since accounting work is all about some numerical calculations, the applicant should have an in-depth knowledge in different mathematical operations. As an accountant, you have to examine different financial statements, compute taxes, organize financial records etc. All the works are carried out in compliance with different government regulations.
Now, you may be clear about accountants and auditors, so the next option is payroll administrator. It can be considered as a sub-section in accounting. As the name indicates, they have to finance and process the payroll information of the employees. It would be based on the working hours, tax rates and other additional factors.
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OVERVIEW : Accounting and Auditing is the most profitable job roles in business sector. The job roles and responsibilities are different for accountants and auditors. Accountants have to maintain all the financial records. The auditors review the accuracy of financial statements and records that the accountants prepare.
JOB DESCRIPTION : The main job responsibility of accountants and auditors is to complete and submit tax forms and returns, workers’ compensation forms, pension contribution forms, and other government documents. They maintain the inventory records. They compute deductions for income and social security taxes.
EXPECTED JOB GROWTH : According to the U.S. Bureau of Labor Statistics the employment opportunities of accountants and auditors is expected to increase by 16 percent from 2010 to 2020.
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Since the economic situation of business world is facing dynamic changes, every organization is interested in managing their financial resources. Accounting is the most profitable job roles in business sector. Accountants have to maintain all the financial records and review its accuracy.
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Since the economic situation of business world is facing dynamic changes, each and every organization is keen in managing their financial resources. Accounting is considered as the lucrative job roles in business sector. Accountants have to maintain all the financial records and review its accuracy.
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“Forensic Accounting is a specialization of accounting that uses auditing and investigating to determine if accounting fraud has taken place within a company….”
Eligibility: have to audit and investigate the financial details in connection with the legal disputes. Most of them have to work with the lawyers, insurance companies, banks, business firms etc. Since there is a tremendous increment in the white-collar financial fraud crimes in the corporate world, every organization need the assistance of a forensic accountant.
Job Prospects: Job prospects are expected to be good for the candidates with certifications such as CPA (Certified Public Accountant), CFE (Certified Fraud Examiner) and Cr FA (Certified Forensic Accountant). Law firms, Business organizations, Insurance companies and Government authorities are some of the employers that demand the service of forensic accountants. Bachelor’s degree serves as an entry level educational qualification, but applicants with master’s degree in forensic accounting can find better job opportunities.
Expected Job Growth: According to the U.S. Bureau of Labor Statistics the employment opportunities of accountants and auditors is expected to increase by 16 percent from 2010 to 2020.
Forensic accountants, otherwise known as investigative accountants offer assistance in solving the complex business issues associated with the legal issues. In cases such as bankrupt, financial frauds, insurance claim disputes, business investigation claims etc, forensic accountants have to act as a financial detective.
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According to the U.S World and News Report, forensic accountancy is one of the nation’s secure career options. So what would be the difference between a traditional accountant and a forensic accountant? Advancements in technology has changed the face of corporate world which has resulted in great industrial development. But on the other hand, it has increased the rate of corporate scandals.
Business world witnessed so many financial frauds and investment disputes that were executed with the use of latest technologies. Hacking data through internet for attaining personal information and other confidential financial information made the theft easy. So the organizations started seeking the help of forensic accountants.
Job responsibility of a traditional accountant is proper management of financial resources and transactions in an organization. Their work environments are limited within the accounts section of a firm. While forensic accountants work in solving legal disputes and investigating losses occurred in any financial fraud activities. Starting from the personal divorce disputes to solving complex business economic issues is their responsibility. Forensic accountants mainly focus on litigation support, investigation and dispute resolutions.
In litigation support, either they will settle all the disputes before they reach the court room or they will testify as an expert witness. They have to collect all the details regarding the case and prepare reports to submit them for the trial. There are diverse array of investigations in which forensic accountants are included. They are criminal investigations, partnership disputes, mergers and acquisitions, personal injury claims, fraud investigations, divorce disputes, business economic issues, professional negligence issues etc.
Forensic accounting can provide guidance to business organizations to avoid future financial risks and methods for risk reductions. Services of forensic accountants are sought by the lawyers, business firms, government authorities like FBI, Internal Revenue Service, law enforcement authorities and others for fraud identification and prevention. Online and campus programs offered in forensic accounting will enhance accounting skills, investigation talent and problem solving capabilities.
The analytical approach used in each legal issue will help to resolve the complex issues in any economic offense and help in bringing the culprits to the limelight. So a career in forensic accounting will be a right choice for the candidates who wish to stand out unique in the business world. Get enrolled in a forensic degree program and be part of a thrilling and exciting career.