Want Fulfillment and Fortune? Become a Forensic Accountant! Take Online Forensic Accounting Courses!
What could be more exciting than having a career that is valued by society and that pays well? If you're looking for a career that is both exciting and financially rewarding, consider becoming a forensic accountant.
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Far from the humdrum stereotypic accountant your mind might have initially conjured, the forensic accountant is more the private investigator with a financial sixth sense than the bookkeeper with a green eyeshade. On this page, you will learn a little about forensic accounting and what's involved in forensic accounting courses.. In other pages, we'll explore in greater depth the opportunities that exist in this exciting new field as well as how you can take advantage of these opportunities by taking forensic accounting courses.
Did you know that the first actor to play the world's most famous detective, Sherlock Holmes, was an accountant? It was only a matter of time, then, before detective work and accounting came together to form the super sleuth career now known as forensic accounting. So what is this profession that U.S. News & World Report recently designated as one of the eight most secure career tracks in America (February 8, 2002) and SmartMoney Magazine counted as one of its "ten hottest jobs" for the next decade with a salary potential of over $100,000 (AccountingWeb US, May 16, 2002)?
Forensic accounting is the practice of utilizing accounting, auditing, and investigative skills to determine whether fraud has occurred. It encompasses two main areas – litigation support and investigation. Litigation support represents the factual presentation of economic issues related to existing or pending litigation. In this capacity, the forensic accountant quantifies damages sustained by parties involved in legal disputes and can assist in resolving disputes, even before they reach the courtroom. If a dispute reaches the courtroom, the forensic accountant may testify as an expert witness.
Investigation is the act of determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, and insurance fraud have occurred. As part of the forensic accountant's work, he or she may recommend actions that can be taken to minimize future risk of loss. Investigation may also occur in civil matters. For example, the forensic accountant may search for hidden assets in divorce cases.
Forensic accounting involves looking beyond the numbers and grasping the substance of situations. It's more than accounting…more than detective work…it's a combination that will be in demand for as long as human nature exists. Who wouldn't want a career that offers such stability, excitement, and financial rewards?
In short, forensic accounting requires the most important quality a person can possess: the ability to think. Far from being an ability that is specific to success in any particular field, developing the ability to think enhances a person's chances of success in life, thus increasing a person's worth in today's society. Why not consider becoming a forensic accountant? It's an investment in you. Florida Atlantic University can assist you.