Forensic Accounting
- Source Citation
Mitrić, Miloš, et al. “Forensic Accounting — the Missing Link in Education and Practice.” Management (1820-0222), vol. 17, no. 65, Dec. 2012, pp. 41–50. EBSCOhost, doi: 10.7595/management.fon.2012.0032.
- Introduction
Financial fraud and scams have appeared to be a global issue. Financial crimes have included offenses such as terrorist financing, fraud, money laundering, corruption, bribery, and insider. Over the past few years, forensic accounting has been used to solve financial crime through investigative accounting tactics. The major functions of forensic accounting are to explain the financial crime by stating its nature as well as establish the damages of the financial crime. However, research related to embezzlement and financial fraud indicates that forensic accounting is underdeveloped in the area of practice and education. Forensic accounting has been replaced by auditing due to the correlation between these two practices. Despite this, the auditors also need to have sufficient skills and knowledge to distinguish financial scams. This paper aims to explain the overall concept of forensic accounting services and its utmost importance in management education and practice.
- Criteria for Evaluating Scholarly Sources
The two criteria’s that will be used in evaluating the scholar sources include:
Formal representation- This entails how the writing appears on the screen. While evaluating the presentation of the sources, the research will stick to the basics which include examining whether the paragraphs are consistently formatted, are there headings and subheadings, are there any visual aids or charts used to ensure that that the source looks professionally presented (Calkins, 154).
Bibliography or Footnotes- The bibliography or footnotes show the work cited by the author in the source. This is an important criterion in evaluating a scholarly source. The use of documentation separates academic writing from other forms of writing. Thus, a scholarly source whether articles, essays, reports or papers rely on documentation. Without this, the source will not be considered scholarly.
- Summary
The article analyzes the importance of forensic accounting in solving the problems of financial crimes. The article shows the missing linking between education and practice in financial accounting. The paper aimed to show the incidence of embezzlement and financial fraud, indicating their effects and shows how forensic accounting has been utilized in academic institutions as well as practices in the Republic of Serbia.
- Criteria for Evaluating the Scholarly Source
The article on Forensic Accounting, the Missing Link in Education and Practice has formal representation since it has a specific formatting style (MLA style) that creates consistency throughout the document. The source has delivered an effective presentation with subheadings and headings among others that are essential in ensuring that the reader digests the information effectively.
The article had a bibliography that shows the work cited from other sources. Being one of the most effective criteria for a scholarly source, the article I chose used some form of documentation that is vitally important for evaluating scholarly sources. Considerably, it is essential for the researcher while keeping track of the sources that the author relied on and giving readers a direction of how their arguments were formed.
- Conclusion
In conclusion, the source I chose was essential since it brings an understanding of how education and practices in forensic accounts have failed to align with the current financial accounting practices. The article has met the requirements for choosing a scholarly article since it has a formal presentation, and has a bibliography which was essential in determining if the source was effective for the intended use. The source is credible since it will offer quality resources that will support the research argument as well as quality references appraising the research evidence.
Works cited
Calkins, Susanna, and Matthew R. Kelley. “Evaluating Internet and scholarly sources across the disciplines: Two case studies.” College Teaching 55.4 (2007): 151-156.