BUS 1102 - AY2021-T5 Written Assignment Unit 1 PDF

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Your Reading Assignment for this week presented resources that introduce different career paths in accounting. For this week’s Written Assignment, research the various career paths in accounting and compose a paper that addresses the following:
• State which career path would you choose.
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Description

The written assignment given brings light to the accounting field in a different way. It asked us to study a various accounting career path that we would be interested in exploring. For this effort, I choose to become a Forensic Accountant. I choose this career path because I enjoy investigating and at the same time, accounting. As a result, I am able to make use of both of those skills and hobbies to contribute to various support applications. For example, the Association of Certified Fraud Examiners explained that Forensic Accountants give their skills in various litigation support and investigative accounting settings. (ACFE, n.d.) The job of a Forensic Accountant in particular has several various aspects. They performs forensic research to trace funds and identify assets for recovery. They also conduct forensic analysis of financial data and prepare forensic accounting reports from financial findings among other responsibilities. (i.e. preparing analytical data for litigation and testifies as needed.) (ACFE, n.d.) A Certified Fraud Examiner’s Certificate holder may receive salaries from Eighty Thousand Dollars ($80,000.00)per annum to One Hundred and Forty- Seven Thousand Dollars($147,000.00) per annum. The average annual salary for a Certified CFE is around One Hundred and Four Thousand – Five Hundred Dollars ($104,500.00). A non CFE Holder can receive a minimum of Fifty Seven Thousand Seven Hundred and Ninety Six Dollars ($57,796.00) to One Hundred and Twenty Five Thousand Dollars ($125,000.00) and a median wage of Eighty Two Thousand Nine Hundred and Thirty Eight Dollars ($82,938.00). (ACFE, n.d.) The Bureau of Labor Statistics (BLS) predicts 13% job growth for accountants and auditors by 2022. The growth of all forensic accounting jobs should correspond with this rate, if not exceed it due increasing financial regulations, with some estimates predicting a 20% growth in demand for investigative auditors. (Staff Writers, 2021) Advantages Forensic Accounting can:  Aid in finding solutions for financial crimes by gathering information that are sometimes used in detecting and identifying crimes.  Assist in monitoring professionals to ensure that no unethical practices occur.  Help business with their finances identifying any non recorded drawing or any other deviations from the accounting concepts. Disadvantages Forensic Accounting can:  Be Time consuming. In many instances, reviewing all source documents can be tedious and can take several days, or months to complete reviewing.  Be Expensive. Due to the fact that it is a lengthy process, forensic accounting can turn out to be costly; that’s if you’re not a corporation.

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Be Distracting. It can cause deviation from productivity forcing accountants to work in between regular staff. Also it can affect employee morale. Its not like employees mostly understand why forensic accountants are brought in. It can cause a decrease sense of morale. (Editor in Chief, 2017)

On June 11th, 2021, indeed® posted a job for a Forensic Accountant / Auditor in the New York State Office of the Attorney General in Syracuse New York. The advertised annual salary is Sixty Thousand Six Hundred and Sixty Nine Dollars ($60,669.00). (indeed, 2021) Forensic accounting is a specialized and challenging area of accounting. You can find many jobs in the accounting field. Whether it be major corporations or consulting firms, forensic accounting has major financial benefits. References ACFE. (n.d.). Career Path - Forensic Accountant. Retrieved June 23, 2021, from https://www.acfe.com/career-path-forensic-accountant.aspx Editor in Chief. (2017, January 14). 7 Advantages and Disadvantages of Forensic Accounting. ConnectUS. https://connectusfund.org/7-advantages-and-disadvantages-of-forensicaccounting indeed. (2021, June 11). Forensic Accountant Jobs, Employment | Indeed.com. Indeed.Com. https://www.indeed.com/q-Forensic-Accountant-jobs.html Staff Writers. (2021, April 28). Forensic Accounting Careers. Accounting.Com. https://www.accounting.com/careers/forensic-accounting/#:%7E:text=The%20Bureau %20of%20Labor%20Statistics,in%20demand%20for%20investigative%20auditors.

Your Reading Assignment for this week presented resources that introduce different career paths in accounting. For this week’s Written

Assignment, research the various career paths in accounting and compose a paper that addresses the following:   



State which career path would you choose. Explain why you have chosen that career. Conduct research and provide information in the following areas based on your career path: o job description o salary o growth rate o future job outlook (in the next five years) o strengths and weaknesses of the career. Include a current job posting for the career. o within 6 months from this date

You will be assessed on: Providing your choice of career path Providing a detailed explanation of why you chose that career Providing information on the five areas of research (job, description, salary, growth rate, job outlook, and strengths and weaknesses)  Providing a current job posting  Organization and style (including APA formatting)   

Compose your paper using Microsoft Word or a compatible word processor (LibreOffice, Google Docs, etc.). Your paper must be 2 to 3 pages in length using 12 point, Times New Roman font, and include an introduction, body, and conclusion. You must also cite sources using APA format....