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Introduction 

Accounting is the language of business, and employees of small and large organizations must understand basic accounting principles.  The knowledge of debits and credits, finanical statements, and accounting information systems is basic for all business activities.  Accounting majors must, of course, be well-grounded in accounting theory and practice. 

The undergraduate accounting program at NEIU is one of the six larges account programs in the State of Illinois.

Admission to the Program 

Freshmen:  19 composite ACT or 890 combined SAT or top 50% class rank.
Transfer:  Cumulative 2.0 GPA (on a 4.0 scale) from all colleges and/or universities attended and be in good academic standing.

Degree Requirements 

To major in accounting, as freshmen and sophomores, students must first meet the admissions requirements of the College of Business and Management.  Once admitted to the college, finance majors must take 36 credit hours of core courses, 30 credit hours of required advanced accounting courses.

Bachelor Degree Requirements

A minimum of 120 semester hours must be earned by every undergraduate student to be eligible to graduate from Northeastern.

Additional Requirements

1.  General Education Program:  All undergraduate students must complete the General Education Program requirements consisting of 39 semester hours in the following distribution areas:

  • Social/Behaviour Sciences (12 hours)
  • Natural Sciences (9 hours)
  • Mathematics (3 hours; grade of "C" or higher at college level)
  • Humanities (9 hours)
  • Fine Arts (6 hours)

2.  University Requirements:  English Composition I (grade of "C" or higher) and one Improving Human Relations course (consult the schedule of classes or catalog for listing of courses).
3.  Residency:  The last 30 consecutive credit hours must be taken at Northeastern, unless permission is received from the Office of Enrollment Services.
4.  Upper Division:  Students must complete a minimum of 24 semester hours at the 300 level and 18 semester hours at the 200 or 300 level.
5.  Academic Major and Minor:  Undergradute students must complete a major.  Some majors require a minor or set of cognate courses.  Students must earn a grade of "C" or higher in all courses counted toward the major, the minor, cognate and profressional sequences.  No "P" grades will count toward a major, moinior or approved area of study.  All grade point average requirements must be met for successful completeion of a program of study.
6.  Grade Point Average:  To be eligible to graduate, a student must have a minimum cumulative 2.0 GPA (overall "C" average).  Some academic programs and departments have other specific grade requirements.  Check with your academic advisor.

Requirements are subject to change so please refer to the current catalog for up-to-date information.

Courses 

Core Courses

ABF-ACTG 201*      Introduction to Financial
               Accounting............................................3 cr.
ABF-ACTG 202*      Introduction to Managerial
               Accounting............................................3 cr.
ABF-BLAW 285*      The Legal Environment of Business.....3 cr.
ABF 350 Management Information Systems.......3 cr.
ABF-FINA 360         Principles of Financial Management I......3 cr.
MKTG 350               Principles of Marketing ........................3 cr.
MNGT 370               Principles of Management....................3 cr.
MNGT 377               Production/Operations Management......3 cr.
MNGT 379               Operations Research............................3 cr
ECON 215               Principles of Macroeconomics.............3 cr.
ECON 217               Principles of Microeconomics..............3 cr.
MNGT 368               Business Statistics...............................3 cr.
                                                    TOTAL.............................36 cr.

* These courses are part of foundation courses requirement.

Required Courses

ABF-ACTG 301*      Cost Accounting I.................................3 cr.
ABF-ACTG 307        Auditing Theory and Problems.............3 cr.
ABF-ACTG 310*      Federal Income Tax (Individual)............3 cr.
ABF-ACTG 321        Intermediate Financial Accounting I.....3 cr.
ABF-ACTG 322*      Intermediate Financial Accounting II.......3 cr.
ABF-ACTG 324*      Advanced Financial Accounting...........3 cr.
ABF-ACTG 325*      Contemporary Financial Accounting
                                        Issues....................................................3 cr.
ABF-BLAW 280       Business Law I......................................3 cr.
ABF-BLAW 281       Business Law II.....................................3 cr.
MNGT 393               Strategic Management.........................3 cr.
                                                      TOTAL.............................30 cr.

* These courses include an international component.

Opportunities 

Student Organizations

The Accounting Associates is a student club that sponsors lectures and other activities on campus.  It is a useful forum for students to interact with each other as well as the accounting profession.

The business student clubs organize international business conferences, focusing on a different region annually.

One Book Per Semester Program

In the College of Business and Management (COBM), students have the opportunity to participate in One Book per Semester for COBM Students and Faculty, a unique program through which the participating students and faculty in the college engage in reading and discussing a current and common business and management best seller book throughout the semester.

Careers & Employment 

Many accounting majors sit for and pass the Uniformed Certified Public Accountant Examination (C.P.A.)( and embark on meaningful careers in the public accounting field.  Others seek equally worthwhile positions in the industrial and corporate accounting field, and some seek to take and pass the Certified Management Accounting Examination (C.M.A.).
 

Program Contact Information 

Financial Aid

For Financial Aid Information, call (773_ 442-5160 or visit the web at http://www.neiu.edu/FinAid.htm.  Clock on Financial Aid & Scholarships.

Northeastern's Federal School code is 001693.

For Foundation Scholarship information, contact Michelle Morrow at scholarships@neiu.edu or visit the web at http://www.neiu.edu.   Go to the Prospective Student tab and click on Financial Aid & Scholarships.

Admissions Counseling

Meet an Admission Counselor in the Admissions Counseling Office.  Prospective students are seen on a walk-in basis.  Admissions Counselors are availble:

Monday thru Thursday
9:00am to 6:30pm

Fridays
9:00 am to 4:00 pm

Admissions office:  (773) 442+4050
Email:  admrec@neiu.edu

For further information, please call (773) 442-6111.
 

Business and Management