Online Forensic Accounting Classes
Forensic accounting is the study of corporate fiscal fraudulence and white collar crime. Prospective forensic accountants learn the intricacies of a multitude of financial crimes including security fraud and company embezzlement. Working closely with law enforcement, lawyers and even corporate personnel, forensic accounting students will use business law and investigation techniques to address bankruptcies, settle contract disputes and serve as witnesses for trials.
Classes are constructed to enhance students' knowledge in the following key areas:
Students will learn to use accounting principles and detailed knowledge of fiscal crime to uncover economic fraud. Students will become familiar with common schemes such as money laundering, and will use their accounting skills to mitigate economic damage for defrauded companies.
Courses will instruct students how to thoroughly investigate and review corporate financial statements so they can detect potential criminal transactions. When examining these financial statements, students look for fraudulent practices like income smoothing, balance sheet fraud and fictitious sales and revenue.
Business law is fundamental to understanding the history and structure of corporate regulatory laws and agencies. Students will analyze case studies involving price fixing, government corruption, and embezzlement to recognize evidence of these practices.
Students will learn investigation techniques to detect and prevent fraud while helping defrauded companies recover lost assets.
Students will become familiar with the various legal institutions and laws that identify and prosecute those guilty of corporate fraud. Students learn about the history of corporate law as well as existing professional associations dedicated to working with forensic accountants to solve economic crimes.
Students enrolled in forensic accounting online classes will build and develop these crucial skills:
Math skills are essential to interpreting the large amounts of data that must be examined within corporate finance reports. Linear algebra, differential calculus and statistics are a few mathematical skills that students master as they hone their quantitative and problem solving skills.
Proficient computer skills are a consistent benchmark for future forensic accountants because a majority of financial investigations are conducted through online research. Students will use fraud-related software, online documentation, and spreadsheet applications to track corporate assets and judge their legality.
Prospective forensic accountants learn to observe and listen carefully to corporate clients and managers when uncovering the origin of a company's assets. Students need to retain information from employee and managerial interviews in order to thoroughly recall their findings in meetings and written progress reports.
Judgment and Decision-Making
Students will learn to register information from a large quantity of financial documents and decide whether an employee or company is liable for economic fraud. Students utilize probability assessment tools as well as mathematic and statistical principles to decide if corporate regulatory laws are broken.
Critical Thinking and Analysis
Students use analytical processes that help them gauge the likelihood of various businesses committing financial fraud. Students identify concerns with business documents and suggest practical fiscal solutions to correct any corporate financial wrongdoing.
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