Certificate in Forensic Accounting

Course details

Forensic accounting is a specialized area of accounting which focuses on performing accounting investigations to ascertain any financial reporting misconduct by the organization. Forensic accounting involves applying various tools and techniques to establish whether there has been financial reporting misconduct.

Why should I take Vskills Forensic Accounting Certification?
Frauds have increased many folds due to wide acceptance of digital technologies. Forensic accountants are needed to address fraud related risks from internal and external users. This has created huge requirement for forensic accountants in organizations across the world.

Vskills Certificate in Forensic Accounting provides a hands-on approach to not only grasp the nuances of forensic accounting but also understand forensic accounting tools and techniques to perform financial forensic audits and programs.

The certification attests to your understanding and application of skills and knowledge in forensic accounting. The certifications facilitate you to stand out amongst your peers and gain better career prospects.

The certification covers-

• Forensic Accounting Basics
• Financial Statement Analysis
• Fraud Detection, Prevention and Monitoring
• MS-Excel for Forensic Accounting

How will I benefit from taking Forensic Accounting certification?
Executives, managers and professionals working in accounting, finance or audit departments in financial institutions or banks benefit immensely by opting for Vskills forensic accounting certification to gain an edge in the fraud prevention and be noticeable amongst their colleagues as well as make progress in their respective careers. Students taking the certification also gain by showcasing their understanding of forensic accounting and are able to increase their job opportunities.
 
Benefits of Certification

• Government certification
• Certification valid for life
• Lifelong e-learning access
• Learning Hours: 10+ hrs

 
How It Works

1. Select Certification & Register
2. Receive Online e-Learning Access (LMS)
3. Take exam online anywhere, anytime
4. Get certified & Increase Employability

Test Details

• Duration: 60 minutes
• No. of questions: 50
• Maximum marks: 50, Passing marks: 25 (50%).
• There is NO negative marking in this module.
• Online exam.

 
TABLE OF CONTENT

Accounting Basics

• What is Accounting?
• Accounting Terms
• Concepts of Accounting
• Conventions of Accounting
• Branches of Accounting
• Classification of Expenses, Income, Assets and Liabilities
• Financial Statements
• Systems of Accounting
• Basis of Accounting
• Source Documents
• Journal
• Ledger
• Trial Balance
• Subsidiary Books
• Bank Reconciliation Statement (BRS)
• Rectification of Errors
• Suspense Account
• Capital Expenditure and Revenue Expenditure
• Capital Receipts and Revenue Receipts
• Depreciation
• Company Final Accounts

Fraud Basics

• What is Fraud?
• What Constitutes Fraud?
• Why Do People Commit Fraud and What is Fraud Triangle?
• Categories of Fraud
• Types of Fraud
• Occupational Fraud
• Profile of the Typical Fraudster

Forensic Accounting Basics

• What is Forensic Accounting?
• Advantages and Disadvantages of Forensic Accounting
• Forensic Accountant
• The Organizational Accounting Cycles
• Forensic Accounting Investigation Process
• Forensic Accounting Investigation Techniques
• Interviewing

Ethical Behavior

• What is Ethics?
• Ethical Principles
• Code of Ethics
• What is Ethical Behavior?

Red Flags

• What is a Red Flag?
• Significance of Red Flags
• Common Red Flags
• Identifying Opportunities for Fraud
• Telltale Signs of Fraudsters

Financial Statement Analysis

• Financial Statement Analysis Basics
• Comparative Statement
• Common Size Statement
• Trend Analysis

Fraud Detection, Prevention and Monitoring

• Fraud Detection
• Data Analysis Techniques for Fraud Detection
• Fraud Prevention
• Fraud Monitoring

MS-Excel for Forensic Accounting

• MS-Excel Basics
• MS-Excel Window Elements
• Sort and Filter
• Charts
• Excel Formulas
• Excel Functions
• Logical Functions
• Date and Time Functions
• Lookup and Reference functions

Internal Controls

• Internal Control Basics
• Internal Control Types
• Common Internal Control Procedures
• COSO Framework
• Internal Controls Policy and Procedures

Standards and Compliances

• Compliance Basics
• Standards Basics
• Forensic Accounting and Investigation Standards (FAIS)

New Age Technologies

• Artificial Intelligence (AI) and Forensic Accounting
• Machine Learning (ML) and Forensic Accounting
• Blockchain and Forensic Accounting
• Blockchain Forensics and Cryptocurrency Forensics

Updated on 03 January, 2024