Jul 21, 2024  
2024-2025 Undergraduate Catalog 
2024-2025 Undergraduate Catalog


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The Department of Accountancy offers a B.S. degree which prepares its graduates for professional accounting positions in industry, public accounting, government and not-for-profit organizations, or for graduate study. The program provides students with a foundation in all primary areas of the accounting discipline including cost management, financial accounting, accounting information systems, assurance services, and federal income taxes. Students are also provided with the opportunity to develop their communication, technology, and team-building skills; apply their knowledge to structured problems; and develop an understanding of ethical issues and professional conduct in business.

Accountancy Learning Competencies and Objectives

Graduates of the Bachelor of Science in Accountancy program will be prepared for entrance into the profession or graduate study. They are expected to achieve the College of Business Undergraduate Learning Competencies and Objectives and the following Department of Accountancy Learning Competencies and Objectives.

Learning Competency 1: Develop and apply accountancy and business knowledge.

Learning Objective 1: Demonstrate appropriate knowledge of technical accounting concepts.
Learning Objective 2: Identify problems and consider alternative solutions.
Learning Objective 3: Select data and methodology needed to make decisions.
Learning Objective 4: Apply appropriate technology.

Learning Competency 2: Demonstrate professional skills.

Learning Objective 5: Write with clarity and appropriate grammar.
Learning Objective 6: Deliver professional and effective presentations.

Learning Competency 3: Demonstrate awareness of ethical issues in business and accounting.

Learning Objective 7: Articulate relevant codes of conduct and professional standards.

Department Requirements

Retention in the accountancy program is competitive based on a student’s overall GPA and grade earned in ACCY 206 or equivalent course. Transcript review must be formally requested by a qualified student by submitting a completed request form. This review must be complete before permission is granted for a student to enroll in any 300- or 400-level ACCY courses. This form can be obtained from the Undergraduate Studies in Business Office or from the Department of Accountancy.

Satisfactory completion of FINA 320, MGMT 335, MKTG 295, and OMIS 338 as evidenced by a grade of C or better is required before an accountancy major is allowed to enroll in any 400-level accountancy course.

Accountancy prerequisites are deemed to be met only by obtaining a grade of C or better. (It is necessary to repeat an ACCY prerequisite in which a grade below C was earned before taking the next course in the sequence.)

Accountancy majors may repeat a maximum of two upper-level ACCY courses (two-credit upper-level ACCY courses are exempted from this policy). Students who want to repeat any ACCY courses will be allowed to enroll in that course only during add/drop if sufficient resources are available.

Upper-level (300-400) ACCY courses will not be accepted from other institutions except with permission of the Department of Accountancy.

To graduate as an accountancy major, a transfer student will be required to take at least 12 semester hours of 300-400 level ACCY courses at NIU.

To graduate as an accountancy major, a student must earn a grade of at least C in each course required in the major, which includes courses in the Fundamental Business Requirements, required ACCY courses, and all electives required for the major.

Internships in Accountancy

The internship (ACCY 473) consists of full-time (minimum of 30 hours per week) work experience in an accounting function for at least 8 weeks and completion of written and oral reports. Applications are reviewed by the internship coordinator and approved on the basis of professional promise, instructor recommendation, and credit in specified courses. The Department of Accountancy coordinates all academic internships. Students submit resumes and participate in interviews approximately six to twelve months prior to the internship. Spring semester interns have the opportunity to enroll in additional accountancy courses from April to May. More detailed information is available in the departmental office.

Professional Examination Preparation

The accountancy program provides students with the skills necessary to pass the major certification examinations in the accountancy profession, including the Certified Public Accountant (C.P.A.) Examination, the Certified Internal Auditor (C.I.A.) Examination, and the Certified Management Accountant (C.M.A.) Examination. Information about requirements and review courses for all these examinations is available in the department office.

To sit for the Uniform C.P.A. Examination, candidates in Illinois are required to have completed 120 semester hours of course work and must have earned a baccalaureate degree or higher degree. To be certified as a C.P.A., candidates in Illinois must have earned a total of 150 semester hours and must pass the Uniform C.P.A. Examination and the AICPA Ethics Exam. The B.S. program, when combined with the M.A.S. degree, provides students with an excellent background to become a C.P.A.

The Institute of Internal Auditors (IIA) has approved NIU as a participant in IIA’s Endorsed Internal Auditing Program. To receive an IIA certificate of completion, a student must have either a B.S. in accountancy from NIU or an M.A.S. degree from NIU. As part of the certificate requirements students must complete ACCY 462, an approved business elective, and an academic internship (ACCY 473) in an internal audit position. A student completing the internal audit course work will have “Completion of internal audit course work as endorsed by the Institute of Internal Auditors” on the official NIU transcript.

Accountancy Faculty

Bradrick M. Cripe, C.P.A., Ph.D., University of Nebraska at Lincoln, professor, Presidential Teaching Professor, Donald E. Kieso Endowed Chair in Accountancy
Meghann A. Cefaratti, C.I.A., Ph.D., Virginia Tech, professor, Deloitte Professor of Accountancy
Natalie T. Churyk, C.P.A., Ph.D., University of South Carolina, professor, PwC Professor of Accountancy
Ann C. Dzuranin, C.P.A., Ph.D., University of Florida, professor, KPMG Endowed Professor Accountancy
Candice C. Hux, C.P.A., Ph.D., Bentley University, associate professor
Chih-Chen Lee, C.P.A., Ph.D., Southern Illinois University at Carbondale, professor, William & Dian Taylor Professor of Accountancy
Katrina L. Mantzke, C.P.A., Ph.D., University of Wisconsin, professor, Donna Kieso Professor of Accountancy
Linda Matuszewski, C.P.A., Ph.D., University of Cincinnati, professor, Dean and Brenda DuCray Professor of Accountancy
Mark J. Mellon, C.P.A., Ph.D., Florida State University, associate professor
Matthew D. Pickard, C.F.E., Ph.D., The University of Arizona, associate professor
Mark E. Riley, C.P.A., Ph.D., Texas Tech University, professor
S. Carol Yu, C.P.A., Ph.D., University of Houston, professor, William F. Doyle Professor of Accountancy

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