Earn A Forensic Accounting Degree Online
The field of accounting is expected to sustain above average job market growth for individuals who love to work with numbers
. The U.S. Bureau of Labor Statistics expects all accounting jobs to enjoy double-digit growth at 22% by 2018, with an eye-popping 41% growth in forensic positions alone. Earning a Forensic Accounting Degree online from a high caliber university can prepare individuals to capitalize on this ever-expanding and lucrative field through either a B.S. or M.S. or International MBA degree in the accounting field.What is forensic accounting?
Forensic accounting is a specialized branch within the accounting field that combines financial and legal requirements with a particular focus on compliance. As such, a forensic accountant may participate in investigating white-collar crimes by uncovering financial improprieties or illegalities that could exist in the business world.
Since a forensic accountant may be called upon to 'translate' complex accounting principles or financial matters into layman's terms to a jury, they often work closely with the law enforcement community and legal professionals.
Common financial crimes investigated
When working with law enforcement, a forensic accountant may search for evidence that confirms whether a financial crime has occurred or not. Common areas of investigation could include any of the following:
Embezzlement or insider stock trading Securities fraud Bankruptcy fraud Insurance fraud Healthcare fraud (specifically fraudulent billing) Contract disputes Money laundering (specifically related to organized crime)
Why is forensic accounting job growth occurring?
There are several reasons why the accounting field continues an above average job growth pattern. First, as companies continue to expand in global markets, there will necessarily be need for accounting functions of all kinds and forensic accounting is no exception. Plus, it is in the private sector where this growth particularly occurs and where it is most vigorously investigated.
Additional reasons for forensic accounting job growth include the following dynamics:
Financial law changes New or changed government regulations pertaining to corporations Increase in new companies being established due to economic expansion Increase in existing companies that are expected to hire new employees Stockholder demands for greater financial accountability
How best to compete for forensic accounting jobs
Earning a degree at the B.S., M.S. or MBA level will elevate your employment profile (as will having a CPA license) for this expanded job market. In particular, earning an online degree in forensic accounting substantially boosts skills and expertise that will set you apart from other candidates. As the economy recovers, an increasing number of applicants that demonstrate a hefty combination of both experience and degrees in the field will have unique advantages over other candidates. This is especially true for adult students who have existing job histories in accounting.
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