Frequently Asked Questions
What degree programs are offered in Accountancy?
Is there a minor available in Accountancy?
No, at this time, there is not a minor in Accountancy available.
Are there special requirements that have to be met to take junior and senior accounting courses?
The basic requirements for taking upper-level classes are the same as other business majors. For retention criteria click here.
Do you offer a B.S. degree in Accountancy off-campus, online, or at night?
No, the B.S. degree in Accountancy is only offered during the day at the DeKalb campus.
What kind of jobs can a person get with an Accountancy degree?
An Accountancy major has a wide and varied selection of jobs from which to choose. Auditing is one of the best-known services provided. Public accounting firms provide most auditing services to public companies. Public accounting firms may also provide tax advice and information system services. Accountants take positions in business or industry as financial officers, controllers, internal auditors, and staff accountants. Other jobs include financial advisers for governmental and other not-for-profit organizations and personal financial planners.
Success requires commitment to service, strong communication skills, problem solving ability, and the ability to work in a team.
What is the job market like for an Accountancy graduate?
Demand for accounting majors remains strong. The new focus on corporate responsibility will increase the need for the services provided by professional accountants.
What are the starting salaries for an Accountancy graduate?
The starting salaries for Accountancy undergraduates vary by industry and public accountancy firms. Most undergraduates begin within the $43,000 - $55,000 range. Graduate students generally begin at a higher salary.
How large is the Accountancy Program?
The undergraduate program is the largest department in the College of Business with over 700 majors.
How large are the upper-level Accountancy classes?
Upper-level Accountancy classes have approximately 25-40 students in a class. An outstanding full-time faculty, many of whom have received teaching awards and national recognition, teach junior and senior accounting courses.
Are there academic internships available to Accountancy majors?
Academic internships are offered for the summer and spring terms. Internships are taken for three credit hours. The internship program is designed to give students practical work experience with outstanding accountancy firms and successful corporations. Internships pay within a range of $15.00 - $25.00 per hour. Approximately 40% of the upper-level Accountancy majors participate in this experience, which gives our students a tremendous advantage when they begin their first full-time job after graduation. Academic internships are available for the summer and spring terms, with a few internships also available during the fall semester.
How do I plan my schedule?
Each semester students meet with a professional academic advisor to plan and coordinate a schedule that meets each student's personal circumstances and graduation timeline goals. For general schedule guidelines click here.
Will the B.S. Degree in Accountancy prepare me for the CPA exam?
The B.S. degree in Accountancy is intended to prepare you with the technical competence for entry level accounting positions. It does not provide the depth and breadth of technical accounting and business knowledge required to pass the CPA exam. The Department of Accountancy highly recommends that those students interested in CPA certification pursue the Leadership Master of Accounting Science (LMAS) degree. Last year, approximately 70% of those students who graduated with a BS Degree in Accountancy indicated that they planned to pursue a graduate degree.
What are the requirements to sit for the Illinois CPA exam?
A candidate must have completed at least 150 semester hours of acceptable credit including a baccalaureate or higher degree. Beginning July 1, 2013 the Illinois Board of Examiners has modified the educational requirements to sit for the CPA exam. A Leadership Master of Accounting Science (LMAS) degree or a Master of Science in Taxation (MST) degree will qualify a candidate to sit for the CPA exam in Illinois without any further documentation. Candidates who do not have an LMAS or MST degree must meet specific educational requirements. Among the requirements are (1) 30 semester hours in accounting, including two semester hours of research and analysis in accounting, and (2) 24 semester hours in business, including two semester hours in business communication and three semester hours in business ethics.
Will a MBA meet the criteria to sit for the CPA exam in Illinois?
The MBA degree will give you the 150 hours required to sit for the CPA exam; however, it will not meet the modified educational requirements to sit for the CPA exam starting July 1, 2013. (See response to question 2, above.)