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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 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 Associate Chair, 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.

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.

Core Requirements

The BSB in Accounting comprises

  1. 46 hours in general  education;
  2. 33-hours in the business core;
  3. 27 hours in major courses (ACC 3200, 3250, 3300, 3900, 4400, 4550 or 4700; MGT 3470; plus 2 of ACC 4300, 4500, 4750, 4800); and
  4. 14 elective hours, 11 of them in non-business 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 4300
Advanced Management and Cost Accounting.  (3 credits)
ACC 4400
Federal Income Taxation I.  (3 credits)
ACC 4500
Advanced Accounting Theory.  (3 credits)
ACC 4550
Internal Auditing.  (3 credits)
ACC 4700
Auditing and Assurance Services.  (3 credits)
ACC 4750
Governmental and Not-for-Profit Accounting.  (3 credits)
ACC 4800
Federal Income Taxation II.  (3 credits)
MGT 3470
Commercial Law.  (3 credits)

A Suggested Four-Year Plan of Study - Total Semester Hours: 120

A suggested four-year plan of study for the accounting major follows.  Courses designated with an arrow (->) must be completed with a grade of C or better before admission to upper division standing in the School of Business. Accountancy majors must complete courses designated with a ‡ with a grade of C or better.

First Year, First Semester - Total Hours: 15

  • General Education. Credits: 3
BUS 1950
Computer Concepts and Applications for Business.  (3 credits)

(See above ->)

ENG 1001G
Composition and Language.  (3 credits)
MAT 1271
College Algebra.  (3 credits)

(See footnote *)

SPC 1310G
Introduction to Speech Communication.  (3 credits)

First Year, Second Semester - Total Hours: 15

  • General Education. Credits: 3
  • General Education. Credits: 3
  • General Education. Credits: 3
ENG 1002G
Composition and Literature.  (3 credits)
MAT 2120G
Finite Mathematics.  (3 credits)

(See above ->)

Second Year, First Semester - Total Hours: 15

  • General Education. Credits: 3
BUS 2101
Financial Accounting.  (3 credits)

(See above ->)

BUS 2810
Business Statistics I.  (3 credits)

(See above ->)

ECN 2801G
Principles of Macroeconomics.  (3 credits)
MAT 2110G
Brief Calculus with Applications.  (3 credits)

(See above ‡)

Second Year, Second Semester - Total Hours: 16

  • General Education. Credits: 4
  • Elective (non-business). Credits: 3

BUS 2102
Managerial Accounting.  (3 credits)

(See above->)

BUS 2750
Legal and Social Environment of Business.  (3 credits)
ECN 2802G
Principles of Microeconomics.  (3 credits)

Third Year, First Semester - Total Hours: 15

ACC 3200
Financial Accounting Theory I.  (3 credits)

(see above ‡)

ACC 3300
Management and Cost Accounting.  (3 credits)

(See above ‡)

BUS 3010
Management and Organizational Behavior.  (3 credits)
BUS 3470
Principles of Marketing.  (3 credits)
BUS 3710
Business Financial Management.  (3 credits)

(See above ‡)

Third Year, Second Semester - Total Hours: 15

  • General Education. Credits: 3
ACC 3250
Financial Accounting Theory II.  (3 credits)

(See above ‡)

ACC 3900
Accounting Information Systems.  (3 credits)

(See above ‡)

BUS 3950
Operations Management.  (3 credits)
ECN 3860
International Economics.  (3 credits)

Fourth Year, First Semester - Total Hours: 15

  • Elective. Credits: 3
  • Senior Seminar. Credits: 3
ACC 4400
Federal Income Taxation I.  (3 credits)
ACC 4550
Internal Auditing.  (3 credits)

or

ACC 4700
Auditing and Assurance Services.  (3 credits)
MGT 3470
Commercial Law.  (3 credits)

Fourth Year, Second Semester - Total Hours: 14

  • ACC Elective. Credits: 3
  • ACC Elective. Credits: 3
  • Elective (non-business). Credits: 2
  • Elective. Credits: 3
BUS 4360
Strategy and Policy.  (3 credits)

Footnotes

* Based on ACT math scores, some students are exempt from MAT 1271. Those students should complete MAT 2120G during the fall semester and MAT 2110G in the spring semester of their first year and a non-business elective in the fall semester of their second year.

Calculation of the major GPA is based on courses taken at EIU with the prefix BUS and ACC and MGT 3470.

Information sourced from the 2004-2005 EIU Undergraduate Catalog.