Severance pay is a payment made by the employer when the employee is separated from the job. severance pay was not used to determine a workerâs eligibility for unemployment benefits. benefits. payable in the weeks to which the severance payment is allocated or distributed.
forensic accounting. Definition. A method of accounting that deals with financial procedures that have been challenged or charged as illegal. One example of forensic accounting is examining insurance fraud claims. Related Terms.
Job Opportunities, Career Paths And Compensation Forensic accounting can be a fascinating and well-paid occupation. Beginning forensic accountants typically earn between $30,000 and $60,000 annually, while seasoned professionals with many years of experience may earn $150,000 annually or more.