Accounting
The 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.
Degree Requirements
Note: Nearly all of the following courses have prerequisites and many require admission to the School of Business. Prerequisites for 300-level and 400-level courses are strictly enforced. Senior standing and Integrative Core are prerequisites for all 400-level Business courses. Some elective courses are offered on a limited basis. See a Kelley School of Business academic advisor for details concerning these and other requirements.
Required Courses (19 credit hours)
- BUS-A 311 (3 cr.) Intermediate Accounting I
- P: BUS-A 201, BUS-A 202
- BUS-A 312 (3 cr.) Intermediate Accounting II
- P: Kelley admit, BUS-A 311, I-Core strongly recommended
- BUS-A 325 (3 cr.) Cost Accounting
- P: Kelley admit, BUS-A 201, BUS-A 202
- BUS-A 328 (3 cr.) Introduction to Taxation
- P: Junior standing, BUS-A 201 and BUS-A 202 (or BUS-A 200), C: BUS-X 302
- BUS-X 302 (1 cr.) Communications Core II (online - taken concurrently with BUS-A328)
- C: BUS-A 328
- BUS-A 337 (3 cr.) Computer Based Accounting Systems
- P: Junior standing, BUS-A 201 and BUS-A 202 (or BUS-A 200), BUS-K 201
- BUS-A 424 (3 cr.) Auditing
- P: Kelley admit, I-Core, BUS-A 312, BUS-A 337
Accounting Electives: Choose 2 from the following list (6 credit hours)
- BUS-A 335 (3 cr.) Fund Accounting
- P: Kelley admit, BUS-A 201, BUS-A 202
- BUS-A 339 (3 cr.) Advanced Income Tax
- P: BUS-A 328
- BUS-A 375 (3 cr.) Internal Auditing-Enterprise Risk Management and Assurance
- P: BUS-A 201 and BUS-A 202 (or BUS-A 200), BUS-K 201
- BUS-A 380 (3 cr.) Professional Practice in Accounting
- P: Kelley admit, I-Core, Authorization required
- BUS-A 422 (3 cr.) Advanced Financial Accounting
- P: Kelley admit, I-Core, BUS-A 312
- BUS-A 439 (3 cr.) Advanced Auditing
- P: Kelley admit, I-Core, BUS-A 424
- BUS-A 460 (3 cr.) Information Systems Security Assurance
- P: Kelley admit, I-Core
- BUS-A 490 (3 cr.) Independent Study in Accounting
- P: Kelley admit, I-Core, Authorization required
CPA Exam Preparation
Two accounting electives are required for the accounting degree. However, the accounting faculty strongly recommends that students who are interested in professional accounting careers and becoming a Certified Public Accountant (CPA) should take the following three elective courses:
- BUS-A 422 Advanced Financial Accounting
- BUS-A 339 Advanced Income Tax
- BUS-A 335 Fund Accounting
Additionally, the following courses would be helpful in preparing for the CPA Exam.
- BUS-A 439 Advanced Auditing
- BUS-A 460 Information Systems Security Assurance
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:
- BUS-A 375 Internal Auditing-Enterprise Risk Management and Assurance
- BUS-A 460 Information Systems Security Assurance
Choose a Non-accounting Area of Specialization (9 credit hours):
The accounting faculty strongly recommends that students take one of the following three areas of specialization.
- Finance – For those interested in CPA certification and financial accounting
- CIS – For those either interested in CPA certification with accounting systems emphasis or those interested in internal auditing (only for students admitted to Kelley prior to fall 2008)
- SCM – For those interested in CPA certification and an in-depth understanding of risk and control issues related to the supply chain process. This would be particularly valuable for internal audit.
NOTE – Prerequisites apply to all classes below. See bulletin.
Finance
BUS- F 305 Intermediate Corporate Finance (required)
Two of the following:
BUS-F 303 Intermediate Investments
BUS-F 402 Corporate Financial Strategy and Governance
BUS-F420 Equity and Fixed Income Investment
BUS-F 446 Bank and Financial Intermediation
BUS-F 494 International Finance
Accounting majors usually select BUS-F 402 and BUS-F 303, which are particularly appropriate for accounting students.
Note: With 1 additional course, students can earn a Bachelor of Science degree in Business with dual majors in Accounting and Finance.
Computer Information Systems (CIS)
(for students admitted to Kelley prior to fall 2008)
Three of the following:
BUS-S 302 Management Information Systems
BUS-S 305 Business Telecommunications
BUS-S 307 Data Management
BUS-S 310 Systems Analysis and Design
Criminal Justice (Forensic Accounting)
SPEA-J 101 The American Criminal Justice System
Two of the following:
SPEA-J 301 Substantive Criminal Law
SPEA-J 303 Evidence
SPEA-J 320 Criminal Investigation
SPEA-J322 Introduction to Criminalistics OR FIS-205 Concepts of Forensic Science
Note: Students taking all the SPEA courses listed above will receive a minor in Criminal Justice.
Supply Chain Management (SCM)
BUS-P421 Supply Chain Management (required)
BUS-P429 Operations Processes (required)
Upon successful completion of this course, the student will have earned a Six-Sigma Green Belt Certification.
One of the following:
BUS-P320 Supply Chain Management: Sourcing (strongly recommended)
BUS-M412 Physical Distribution and Logistics
Note: With 1 additional course, students can earn a Bachelor of Science degree in Business with dual majors in Accounting and Supply Chain Management
It is also possible to complete the Non-accounting Area of Specialization requirement in other areas, e.g., Marketing, Human Resources, International Business, or Computer Technology. Please see a Kelley School of Business academic advisor for more information.
Accounting Faculty
- Martin J. Birr
- BS 4011
317-274-0873 - John M. Hassell
- BS 4012
317-274-4805 - Robert W. Jamison
- BS 4001
317-274-4936 - Eric N. Johnson
- BS 4028
317-274-5695 - J. Howard Keller
- BS 4009
317-274-4855 - William N. Kulsrud
- BS 4008
317-274-3422 - Jane L. Lambert
- BS 3024
317-278-1118 - Evelyn Patterson
- BS 4008
317-278-7843 - Richard L. Rogers
- BS 4004
317-274-3506 - J. Reed Smith
- BS 4026
317-274-0867
Accounting Links
- The CPA Vision Project: An ongoing effort by the AICPA to anticipate and communicate changes in the future market for CPA services.
- Indiana CPA Society: Provides an avenue for members to obtain continuing professional education and public and government communication, networking and other services.
- American Accounting Association (AAA) - Midwest Region
- American Institute of Certified Public Accountants (AICPA)
- American Society of Women Accountants
- Financial Accounting Standards Board (FABS)
- Institute of Internal Auditors
- Indianapolis IIA Chapter
- Institute of Management Accountants (IMA)
- PCAOB: Public Accounting Oversight Board
