What You Should Know About This Degree
Forensic and financial accounting degrees cover similar subjects but have some key differences. Financial accountants assist individuals and organizations by monitoring taxes, budgeting, and payroll. While forensic accountants gain this same knowledge, they use it to conduct financial investigations.
Prospective accountants should look for schools that are accredited by either a reputable organization in their region or by a global accreditor such as the IACBE.
The U.S. Bureau of Labor Statistics estimates that there will be a 4% increase in employment over the next decade for accountants. This is equivalent to 61,700 more jobs, which totals to 1,497,900 accounting positions by 2029.
Forensic accountants are generally expected to gain a certified public accountant (CPA) license. Many also go on to achieve credentials that prove their investigative abilities, such as a certified fraud examiner (CFE) or certified forensics accountant (CR, FA) credential.
Here are some questions to ask when researching online bachelor’s in forensic accounting programs:
- What tests are required for this online degree? While there are no formal tests required to get your forensic accounting degree, it’s advisable to obtain certification as a public accountant. This requires taking the CPA exam, which typically lasts 16 hours and can be taken over 18 months.
- Are courses offered synchronously or asynchronously? Online degree programs generally let students choose between synchronous and asynchronous formats. Synchronous courses are remote, but they still meet at designated times. Asynchronous classes, on the other hand, let students view lessons at their convenience.
As you prepare for college, you should keep track of your application deadlines and any materials you’ll be required to submit. You can find this information by checking the school’s website or contacting their admissions department. It’s also important to consider how you plan to finance your degree. Be sure to submit your financial aid applications on time.