What is forensic accounting? “Forensic accounting” consists of “forensic”, which has the connotation of criminal or investigative techniques, and “accounting”, which is keeping track of all financial aspects of a business. Thus, a forensic accounting expert uses forensic accounting investigation to find and testify about criminal activities such as fraud, money laundering and terrorist activities related to economic and financial activities. Forensic accounting consultants might also offer resolution or mediation services to courts and attorneys.
A forensic accounting masters degree can lead to a career that is interesting, exciting and fulfilling. These programs are often available online and aimed at the working professional. Some campus or land-based programs might be offered during evening or weekend time periods. This page has information about the programs, where they can be taken, the prospects, and more. You may also like to check out the accounting masters page.
What do forensic accounting masters programs cover?
Attention to details, an understanding of the legislative system and the ability to follow investigative trails where there are numbers involved are the skills required for those interested in this type of accounting.
Some universities require an undergraduate degree in Accounting or Business Administration, others do not. In either case, the forensic accounting masters program will require coursework in criminology and forensic theory. Finding criminal activity is only one part of the job. The forensic accountant also needs to be able to present the information in an effective manner during trial proceedings. Courses should include learning about the judicial system, evidence gathering and management and techniques for interviewing.
What additional training or accreditation is required?
Graduates of forensic accounting are expected to remain current on legislation and judicial system decisions that affect their field of expertise. The Association of Certified Fraud Examiners (ACFE) offers certification for those who pass a written examination. In order to sit for the exam, an applicant must have accrued 50 points in a system that ranks experience, classwork and degrees granted. Two years of experience in related fields such as fraud examination or prevention and a master’s degree qualify the individual to sit for the examination.
What are the career prospects?
The career field is one that masters graduates can find exciting, fulfilling and interesting. Forensic accountants examine financial records to determine if there are irregularities or discrepancies that could indicate evidence of deliberate falsification. Payroll accounts and income statements are reviewed to look for evidence that the firm or individuals might be attempting to embezzle funds. The use of technology to follow the accounting trails is part of the forensic process. The importance of this career field is growing in part because of the increasing number of federal regulations directed at the prevention of fraud.
Because graduates will have studied accounting or auditing, there are many types of job openings available. Graduate may also include coursework in economics or business administration, leading to even more opportunities to find work upon graduation. Jobs are available within large corporations, or a forensic accountant might choose to go into private practice. There are many government positions that come open within the justice system, treasury and other branches of bureaucracy.
Forensic accounting employment is on the increase. The Bureau of Labor Statistics has projected a growth in the number of forensic accounting jobs of around 22 percent from 2008 to 2018. This is higher than for most careers and is especially important because of the downturn in many other fields. It is believed that the projected growth is largely due to the increase in the number and complexity of regulations affecting and preventing accounting fraud.
Fraud examiners earned a median annual salary of $57,150 in 2008, while accountants and auditors earned a median salary of $59,430. Competition for the jobs will remain strong, in spite of the growth of positions in the field. This is largely due to the higher educational and certification requirements.
List of schools and programs
- Recognized in the first Best for Vets: Business Schools list in Military Times Edge magazine’s 2013 “Best for Vets” edition.
- Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
- Allows students to complete courses at whatever pace they want.
- A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
- Offers IntelliPath, a proprietary learning technology that lets students learn at their own pace.
- Master of Accounting
- Master's(MBA) - Accounting
- MBA - Finance
- Ranked among the Best Online Graduate Business Programs and Education Programs in 2015 by U.S. News & World Report.
- Financial aid is available for students who quality, with more than $1,000,000 through 10 scholarships.
- Offers 24/7 student services, including financial aid help, course registration, and career counseling.
- Students may opt in for a two week, risk-free trial period.
- Active-duty military, veterans, and Veteran’s Administration employees can save 15% on tuition.
- M.S. in Accounting
- M.S. in Accounting - Accounting for the Professional
- M.S. in Accounting - Self-Designed
- And more...
- Partnerships with thousands of companies
- Alliances with many national industry associations
- Personalized career guidance
- Job market research tools to help you explore your career of interest
- M.S. in Accountancy
- M.B.A. - Accounting
- Master of Business Administration/Finance
Kaplan University is focused on recognizing the achievements of military and veteran students and offers the flexibility of an online education. Eligible students can receive college credit for prior military experience and coursework—up to 75 percent of the credit needed for a Kaplan University undergraduate degree.*
- MS in Accounting - Audit Specialization
- MS in Accounting - Finance Specialization
- MS in Accounting
- And more...
- Master - Professional Accounting
- Master - Finance
Earn your degree online with Grand Canyon University. We offer approximately 100 bachelor's, master's, and doctoral degree programs that can be completed 100% online. Degree programs are available in the fields of education, nursing and health sciences, business, fine arts and production, and liberal arts.
- M.S. in Accounting
- M.B.A.: Accounting
- M.B.A.: Finance
- Master's-Accounting and Financial Management
- Industry-focused degree programs and specialized concentrations designed for Business and Management professionals in a broad range of disciplines.
- A 2012 Top-10 online MBA Program, ranked by the International Graduate Forum.
- Supportive community of students, educators, mentors and successful professionals ready to welcome you. Are You In?
- Master of Business Administration - Accounting
- Master of Business Administration - Finance
- Master of Science: Accounting
- Master of Science : Accounting - Finance Specialization
- Master of Science : Accounting - Audit Specialization
- And more...
Pioneering distance education since 1985, Liberty University is now the nation’s seventh largest university. With more than 300 online and residential areas of study, Liberty offers programs from the certificate to doctoral level.
- MS in Accounting
- MBA - Accounting