Department of Accounting and Information Systems
Accounting MajorThe accounting curriculum prepares students for careers in auditing, corporate accounting and management consulting, governmental and nonprofit organizations, and taxation. In addition, it equips the prospective business executive with tools for intelligent analysis, planning, control, and decision making. The accounting curriculum also provides excellent background for the student who wants to pursue graduate work in business, public administration, or law.
Accounting graduates who meet the requirements of the State Board of Public Accountancy of Indiana are eligible to sit for the Uniform CPA Examination in Indiana. Most accounting graduates will need to engage in further study to be eligible to sit for the exam. Those who wish to engage in public accounting practice in Indiana as certified public accountants should familiarize themselves with the rules and regulations issued by the Indiana State Board of Accountancy, Indiana Professional Licensing Agency, 402 W. Washington Street, Rm. W072, Indianapolis, IN 46204-2724; phone (317) 232-2960. Students planning practice outside Indiana should consult the CPA board in their state of residence.
Internships in business or government are available on a selective basis during the fall, spring, or summer. Fall is the ideal time to apply for an accounting internship, as the majority of public accounting internships are spring-semester positions. For further information about internships, contact the Kelley Indianapolis Career Services, Business/SPEA Building 2010; phone (317) 278-7842.
Accounting Major Requirements
Junior and Senior Years:- BUS-A 311 BUS-A 311 (3 cr.) Intermediate Accounting I
P: BUS-A 201, BUS-A 202, Junior Standing - BUS-A 312 (3 cr.) Intermediate Accounting II
P: Kelley admit, BUS-A 311, I-Core strongly recommended, Junior Standing - BUS-A 325 (3 cr.) Cost Accounting
P: BUS-A 201, BUS-A 202 (or BUS-A 200 for non-business majors), Junior Standing - BUS-A 328 (3 cr.) Introduction to Taxation
P: Kelley admit, BUS-A 201, BUS-A 202, Junior Standing
C: BUS-A 302 - BUS-A 302 (1 cr.) Tax Research (online)
P: Kelley admit, Junior Standing
C: BUS-A 328 - BUS-A 337 (3 cr.) Accounting Information Systems
P: Kelley Admit, BUS-A 201, BUS-A 202, BUS-K 201, Junior Standing - BUS-A 424 (3 cr.) Auditing and Assurance Services
P: Kelley admit, I-Core, BUS-A 312, BUS-A337, Senior Standing. - Two accounting electives from the following:
- BUS-A 335 (3 cr.)
• Accounting for Government and Not-For-Profit Entities
• P: Kelley admit, BUS-A 201, BUS-A 202, Junior Standing - BUS-A 375 (3 cr.)
• Internal Auditing – Enterprise Risk Management and Controls
• P: Kelley admit, BUS-A 201, BUS-A 202 (or BUS-A 200 for nonbusiness
majors), BUS-K 201, Junior Standing - BUS-A 380 (3 cr.)
• Professional Practice in Accounting
• P: Kelley admit, I-Core, 2.5 GPA or higher, permission required - BUS-A 460 (3 cr.)
• Information Systems Security Assurance
• P: Kelley admit, I-Core, BUS-A 337, Senior Standing - BUS-A 490 (3 cr.)
• Independent Study in Accounting
• P: Kelley admit, I-Core, Authorization required, Senior Standing - eligible students may opt to take Graduate Accounting electives at the undergraduate tuition rate
- contact Kelley Indianapolis Graduate Accounting staff for more information
- BUS-A 335 (3 cr.)
CPA Exam Preparation
Accounting faculty strongly recommends that students who are interested in professional accounting careers and becoming a Certified Public Accountant (CPA) should select from the following elective courses.
- BUPA-A 508 Accounting for Not-For-Profit Entities*
- BUPA-A 539 Corporate Tax I*
* These courses are graduate level courses and important to prepare students for the CPA exam. Undergraduate students with a 3.2 overall GPA and 3.0 Accounting GPA may take A508 and A539 as undergraduate students and pay undergraduate student rates (IU Indianapolis students may take up to 6 graduate hours at undergraduate student rates). Students with lower GPAs can petition to take the two courses.
The following is helpful for the IL or TX CPA exam:
- BUS-L 312 The Ethical Responsibilities of Business
Internal Auditing Focus
Students who do not choose to pursue a career as a CPA but who want to pursue a career in internal auditing, should select the following two electives.
- BUPA-A 575 Internal Auditing – Enterprise Risk Management and Controls
- BUPA-A 560 Information Systems Security Assurance
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