Forensic accounting introduces the laws and regulations necessary to control financial crimes. The course allows the students to conduct firm audits, and examine corruption and bribery acts. Students can also propose effective methods to control financial criminal activities. For this, the best approach is to write a forensic accounting assignment. Your assignment will be a benchmark to get high scores and pursue a professional forensic accountant career.
According to CCAB bodies, almost 275,000 certified forensic accountants are in the UK. This symbolises the increased demand for professionals due to rising financial misconduct. Another statistical analysis, published on Jun 8, 2022, by the research report world, states that the market size of forensic accounting is expected to reach US$ 31160 million by 2028.
This means it is growing at a CAGR of 7.7% from 2022-2028. These stats are integral to achieving a strong market position for stakeholders and business entities.
Students pursuing this course should consider the diverse scope of forensic accountant professionals. The course requires comprehensive knowledge to make victorious assignments on forensic accounting. Therefore, being a forensic accounting student, you must put a strong effort into finding the right solutions.
Undoubtedly students often feel stuck with the course workload. The tiring pressure of exams and assignments confuses them. Getting help with forensic accounting assignments is better advised in these conditions. They have a team of highly qualified professionals, including those with PhDs. The experienced writers know how to write, format and solve the relevant queries.
Besides this, if you are looking forward to doing an assignment, first understand forensic accounting. Also, study the essential elements that make the writing process more effective.
What Is Forensic Accounting?
Forensic accounting is the combination of both accounting and investigation techniques. The field allows the forensic accountant to find traces and analyse:
- Financial transactions of a business or organisation.
- Recovery of Assets.
- Investigating frauds.
- Analyses aiding in criminal and civil investigations.
- Commercial litigations.
So, it is a broad and diverse course to study. It opens up a plethora of job opportunities involving different sectors. You can see the career opportunities linked to forensic accounting in the below image:
You can compose a forensic accounting assignment in multiple areas that win good scores. Some areas may include shareholder disputes, insurance claims, and professional negligence. Indubitably, these issues concern entities and therefore must require a plausible solution.
In this regard, you can contribute by writing and proposing beneficial solutions in your assignment. Write the authentic findings which will wow your supervisor and let you earn top grades. The better the grades, the greater your chances of getting recognised professionally.
Let us learn the brilliant steps to help you write an engaging assignment.
9 Steps to Follow for Writing a Forensic Accounting Assignment
Students often get confused while composing assignments. They may lack proper guidance for making the writing process flawless. There are a variety of ways to make your forensic accounting assignment engaging. Some of the most important steps that are worth considering are discussed below. Read them for a clear and thorough understanding.
1. Read and Understand Your Task
Understanding your task is fundamental to writing a winning forensic accounting assignment. It reflects the clear objectives of your assignment. If you are asked to write a forensic assignment such as:
- Information should include recent audit reports.
- Enclosing detailed information on fraudulent acts of business organisations.
- 6000-word limit
- Font style (Times New Roman)
- The deadline is one month.
- Use infographics.
- Add referencing using APA style.
Then read these basic task requirements as advised by your institute for forensic accounting assignment writing. A student’s first responsibility is to read and understand these requirements. After that, move forward to the research process.
2. Conduct Deep Research
Research is required in every field. Even in writing a forensic accounting assignment, one should thoroughly gather the ideas. Students consider finding the information on a specific topic a buzzing task. You can use online resources such as:
- Statista is for gathering stats and researching reports.
- Google Scholar- for reading the updated work done on forensic accounting.
- Search investment reports on Bloomberg.com.
Students should possess some clarity of thought and organisational skills to comprehend their topic. You can see some of the most demanding topics on forensic accounting below.
Forensic Accounting Assignment Topics for 2024
- Investigating the Flaws of Economic Damages of a Country.
- The Role of Forensic Accounting in the Public Sector.
- 4 Violations of Accountant and Liability Claims.
- Resolving Corporate Disputes for Healthy Functioning.
- 7 Major Challenges Faced in Asset Tracing.
3. Include the Latest Information
To make your forensic accounting assignment unique add the latest information. You can surf the internet and gather valuable information on your topic.
For example, think about the relevant set of statistics on forensic accounting. You can find out the updated information on Google Finance. Figure out the relevant financial trends and analyse discrepancies happening in the field. Then, add the information to your forensic accounting assignment. It will help to strengthen the content’s credibility. Besides this, browse different websites holding the financial market trends such as:
- NACVA (National Association of Certified Valuators and Analysts).
- FSS (Forensic strategic solutions).
4. Create an Outline
Create a coherent and systematic forensic accounting assignment structure. Structuring the assignment maintains the flow and enhances the readability. A well-formatted structure reflects the organisation and clarity of your thoughts. Try to include:
- Captivating Introduction.
- Main body paragraphs. Include the cases resolved and the benefits of forensic accounting.
- Conclusion. Summarise the approaches, solutions and suggestions briefly. Make sure that it converts them into final results.
- Apply different headings, and sub-headings to build a connection.
- Include bullet points, and numbers to make the formatting more user-friendly.
5. Incorporate Examples
Another amazing technique is incorporating examples in forensic accounting assignments. Quoting examples makes the relevancy of the text more authentic. Readers can better relate to the whole context by reading examples.
You can add forensic accounting assignment examples such as:
- Losses resulting from a breach of non-competition agreement.
- Misinterpretations of investments, analysing the white-collar crimes.
- Investigations of the hidden tax from the authorities.
- Review the insurance companies, including insurance issues, claim settlements, and coverage issues.
- Benford law (mathematical tool), and RSF (Relative Size Factor) outliers are subjected to further investigations.
- Professionals are trained in ADR (alternative dispute resolution) including their high level of involvement in the judicial system.
6. Write an Introduction in the Last
Experts advise writing an introduction in the last. The benefit of writing it at last is that it develops a chronological sequence of information. At this point, you get much clarity of the topic’s ideas, information and objectives.
You can start the introduction with amazing techniques such as,
- Hook readers’ attention with interesting figures. For example, almost 732 claims were seen by the UK’s Commercial Court in a report published by chambers. This instantly grabs readers’ attention and draws their interest toward the rest of the information.
- Thought-provoking query. For example, do you know the number of forensic accountants? According to IBIS, there are 34,525 forensic accountants employed in this profession. Write the information that reflects proven authenticity.
- Add some relevant stats from Statista or other research websites. Include numerical data which directly answers the reader’s conceptual queries.
7. Cite the Resources
To make your forensic accounting assignment more veritable cite the proper references. Many students forget this important step which eventually results in great plagiarism. Supervisors reject the plagiarised content which results in earning poor grades. Every institute provides a specific citation style. The citation styles include Chicago, Harvard, APA, MLA and Vancouver.
An example of APA citation style is mentioned below:
- Honigsberg, C. (2020). Forensic accounting. Annual Review of Law and Social Science, 16, 147-164.
8. Proofread and Edit Your Assignment
Proofreading and editing improve your assignment. When you are proofreading, read your content aloud. Recognise all the typos and grammatical errors such as:
- Analyse the sentence structure.
- Check out all the spellings, punctuations, and lengths of sentences.
- Identify the consistency and clarity of ideas in your writing style.
- Check the charts and diagrams.
- Examine the fonts, margins and headings.
By fixing all errors, you will achieve clarity in your assignment. For building articulacy, you need to proofread your forensic account assignment multiple times. Take enough breaks and then come back to your desk. Having a break of five minutes will refresh your mind. It speeds up thought processing and helps you organise ideas in a proper sequence.
9. Check Plagiarism
The best method to avoid plagiarism is rewriting others’ work in your own thoughts. Another important factor is to cite the resources of gathered information. Both of these elements restrain your forensic accounting assignment from being plagiarised. Check the plagiarism using different tools such as:
- Turnitin
- Quetext
- OneText
After checking your assignment from different sources if it still prevails then try these techniques:
- Paraphrase the lines into your own words using different synonyms, and sentence styles.
- Try to use active voice.
- Write the numerical data in sentence form. For example, 2000 students took courses. Write this like,
“The number of students enrolled in forensic accounting every year is 2000.”
How Do You Write a Forensic Accounting Assignment?
Writing forensic accounting assignments requires the following things:
- An engaging title.
- Clear structure including an introduction, main body and conclusions.
- Exceptional proofreading and editing.
You can see the assignment planning provided by the University of Nottingham. This will help you map your ideas with more clarity in your mind.
Do I Need ACCA to Be a Forensic Accountant?
Yes, according to ACCA Global, one must have an ACCA to become a forensic accountant.
Can I Be a Forensic Accountant With AAT?
Yes, AAT is a great entry point to enter a forensic accountant career. AAT (Association of Accounting Technicians) covers the main areas of accountancy and taxation. So, it is the best route to enter this field accompanied by basic auditing and investigation skills.
How Much Do Forensic Accountants Make in the UK?
The average salary of a forensic accountant in the UK is £55,343 per year. This is the handsome amount one gets after much struggle.
What Is the Best Qualification for a Forensic Accountant?
As suggested by ACFE, the following qualifications can be enough for a forensic accountant:
- Bachelor’s or Master’s degree in forensic accounting, finance and related fields.
- An additional degree in law and justice can be a plus.
Conclusion
In conclusion, mastering the art of forensic accounting assignments is important to secure top grades. The above-mentioned steps will help you in writing a winning assignment and impress your supervisor. You can include the details projecting the importance of auditing, stakeholder disputes, bankruptcy and employee theft. Ensure that readers will learn some valuable and creative aspects from your assignment.
Apart from this, almost every student wants to score high marks on assignments. They often feel stuck because of a lack of understanding of the topic, proper research methodology, and efficient writing skills. So, students face difficulties in meeting the requirements of their institutions and supervisors. To cope with such a situation, they hire assignment writing services. These service providers can solve all your problems in a moment. They have a team of proficient researchers and experienced writers who can craft assignments for forensic accounting students.
