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Eastern Illinois University
Archived catalog. This is a historical catalog kept for reference. View the current catalog.

Accounting

(BS in Business)

Major

A dynamic, rewarding, and highly respected profession, accountancy operates at the heart of business decision-making and financial information services.  In addition to providing services in the traditional areas of preparation and analysis of financial statements, auditing, and tax planning and compliance, accountants serve as valuable members of management teams, as highly respected consultants to top management, and as trusted advisers to professionals, business owners, and government leaders.  For a person who wants to have a successful career in business, a degree in accounting is an excellent choice.

Accounting Program's Mission Statement

The mission of the accountancy program at Eastern Illinois University is to prepare students for successful careers in accountancy and related business fields by providing them with an affordable, high-quality education. 

Admission Requirements

Students who seek to major in accounting must satisfy the requirements for admission to the School of Business. Students with the GPA of 2.75 or higher at the time of admission to the School of Business will be admitted to the accounting program.

Admission by Exception: A student with a GPA lower than 2.75 at the time of admission to the School of Business may apply for admission to the accounting major by exception. A committee of faculty will review the student’s academic records and other relevant information submitted by the student. The committee may also interview the student.  The committee may approve the student’s application subject to certain performance standards, as prescribed by the committee.  The committee will communicate its decision to the Chair of the School of Business, and will monitor the student’s progress in meeting the performance standards.  If the student fails to meet the performance standards, the student will be dismissed from the accounting program.

Continuation Requirement:  A student majoring in accounting must maintain a cumulative EIU GPA of 2.50 or higher in order to enroll in senior-level (4000-level) accounting courses.

Important Notice: Candidates who wish to sit for the Certified Public Accountant (CPA) Examination in Illinois are required to have earned 150 hours of college credit, including an undergraduate degree.  Of the 150 hours, at least 24 hours must be in accounting.  Courses that are in progress cannot be counted to meet the 150-hour requirement.

Course Requirements

The BSB in Accounting comprises:

1.  46 semester hours in general education
2.  33 semester hours in the business core
3.  27 semester hours in major courses; and
4.  14 semester hours in electives (11 of them in non-business courses).

Major Courses

ACC 3200
Financial Accounting Theory I.  (3 credits)
ACC 3250
Financial Accounting Theory II.  (3 credits)
ACC 3300
Management and Cost Accounting.  (3 credits)
ACC 3900
Accounting Information Systems.  (3 credits)
ACC 4400
Federal Income Taxation I.  (3 credits)
ACC 4500
Advanced Accounting Theory.  (3 credits)

(see footnote *)

ACC 4700
Auditing and Assurance Services.  (3 credits)

(see footnote *)

ACC 4750
Governmental and Not-for-Profit Accounting.  (3 credits)

(see footnote *)

ACC 4800
Federal Income Taxation II.  (3 credits)

(see footnote *)

Footnotes:

*A grade of “C” or better is required in all required ACC courses.

Calculation of the major GPA is based on courses taken at EIU with the prefix BUS and ACC.

Information sourced from the 2005-2006 EIU Undergraduate Catalog.