Why Study Accounting at IU Southeast?

Accounting is “the language of business” so mastery of it will set you apart. It provides excellent career opportunities and a strong foundation for upward, career mobility. Today’s accountant is a key member of the management team for all private, public, non-profit and governmental organizations. More CEOs have undergraduate or graduate degrees in accounting than any other area of study!

Why Study Image

Accounting is defined as communicating financial information about a business to users such as shareholders, managers, investors, regulators, and the general public. Accountants engage in a wide variety of tasks, including preparing financial statements; recording business transactions in order to keep track of a firm’s liabilities, assets, income, and expenses; working with new technologies, and developing and using information systems.

For a complete list of degree requirements, visit the Bachelor of Science in Business program page »

Required Courses

  • A301 – Accounting: An Information System
  • A311 – Intermediate Accounting I
  • A312 – Intermediate Accounting II
  • A325 – Cost Accounting
  • A328 – Introduction to Taxation
  • A424 – Auditing

Electives

  • A339 – Advanced Taxation
  • A413 – Governmental and Not-For-Profit Accounting
  • A414 – Financial Statement Analysis and Interpretation
  • L303 – Commercial Law
  • Any 300/400 leel BUS or ECON course not in Accounting (NOT from internships, professional practice, BUS-M 300 OR BUS-A 310)

BUS–A 201 Introduction to Accounting I (3 cr.)
Concepts and issues of financial reporting for business entities; analysis and recording of economic transactions.

BUS–A 202 Introduction to Accounting II (3 cr.)
Concepts and issues of management accounting, budgeting, cost determination and analysis.

BUS–A 301 Accounting: An Information System (3 cr.)
Review of the Accounting cycle, using a business transaction cycle approach, to understand accounting as a data entry and information processing system. Emphasis on: Data Flow, Internal Control, Audit Trail, Financial Statement Relationships, and Special Reports.

BUS–A 311 Intermediate Accounting I (3 cr.)
Theory of asset valuation and income measurement. Principles underlying published financial statements.

BUS–A 312 Intermediate Accounting II (3 cr.)
Application of intermediate accounting theory to problems of accounting for economic activities.

BUS–A 325 Cost Accounting (3 cr.)
Conceptual and technical aspects of management and cost accounting; product costing, cost control over projects and products; profit planning.

BUS–A 328 Taxation of Individuals (3 cr.)
Internal Revenue Code and Regulations. Emphasis on income, exclusions from income, deductions, and credits. Use of tax forms in practical problem situations.

BUS–A 339 Advanced Taxation (3 cr.)
Internal Revenue Code and Regulations; formation and liquidation of corporations, partnerships, estates, and trusts.

BUS–A 413 Governmental and Not-for-Profit Accounting (3 cr.)
Financial management and accounting for nonprofit seeking entities; state, municipal, and federal governments; schools, hospitals, and philanthropic entites. Includes study of GAAP for these entities promulgated by the FASB and GASB.

BUS–A 414 Financial Statement Analysis and Interpretation (3 cr.)
Provides a broad framework for using financial statements to evaluate a firm's operating strategies, gain insights into performance, and predict future conditions. Topics include: ratios analysis, common size/vertical/trend analysis; competitive and industry norms; profitability and cash flow analysis; credit risks; earnings quality; and pro-forma forecasting.

BUS–A 424 Auditing (3 cr.)
Provides an understanding of the audit environment and public expectations for an audit, risk analysis in conducting the audit, internal control, and the quality control procedures of public accounting organizations. Includes coverage of the code of professional conduct, the legal liabilities of CPAs, the auditing and attestation standards, statistical sampling in auditing, audit of operation cycles in a computerized environment, and the auditor's report.

  

Resident

Faculty Bio Thumbnail
Douglas K. Barney
Professor of Accounting
dbarney@ius.edu
Phone: (812) 941-2532
Office Location: HH 217 M
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Chris Bjornson
Associate Professor of Accountancy
cbjornso@ius.edu
Phone: (812) 941-2694
Office Location: HH 012
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Lisa Book
Lecturer in Accounting
lmbook@ius.edu
Phone: (812) 941-2055
Office Location: HH 219 F
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Faculty Bio Thumbnail
Jeffrey Byrne
Lecturer in Accounting
jefbyrne@ius.edu
Phone: (812) 941-2869
Office Location: HH 011 A
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Faculty Bio Thumbnail
Linda Christiansen
Professor of Business
lchristi@ius.edu
Phone: (812) 941-2519
Office Location: HH 011 B
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Faculty Bio Thumbnail
George Richard (Rick) French
Professor of Accounting
gfrench@ius.edu
Phone: (812) 941-2429
Office Location: HH 117
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Faculty Bio Thumbnail
Kenneth Ray Taurman
Senior Lecturer in Business Law
krtaurma@ius.edu
Phone: (812) 941-2326
Office Location: HH 219 E
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An accounting career consists of using financial information and collaborating with other professionals to make successful business decisions.

Public accounting firms, large and small business enterprises, and government and other not-for-profit organizations provide abundant and lucrative employment opportunities.

Successful students frequently become licensed as Certified Public Accountants or obtain other professional designations as Certified Management Accountants, Business Valuation Analysts, Tax Advisors, Auditors, and others.

Professional and Student Organizations

American Institute of CPAs
The American Institute of Certified Public Accountants (AICPA) is the world’s largest association representing the accounting profession, with nearly 370,000 CPA members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It also develops and grades the Uniform CPA Examination.

Institute for Internal Auditors

The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Fla., USA. The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security.

Institute for Management Accountants
IMA is the worldwide association for accountants and financial professionals working in business, committed to helping management accountants expand their professional skills, better manage their organizations, and enhance their careers.

Useful Links

National Association of State Boards of Accountancy
The National Association of State Boards of Accountancy (NASBA) has served as an association dedicated to enhancing the effectiveness of the country’s 55 state boards of accountancy for more than 100 years. As a driving force within the accounting profession, NASBA accomplishes its mission by creating a forum for accounting regulators and practitioners to address issues relevant to the viability of the accounting profession. NASBA takes pride in offering its member boards a rich portfolio of products and services, all designed to effectively aid boards in their goal to protect the public.

Internal Revenue Service
The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. In fiscal year 2010, the IRS collected more than $2.3 trillion in revenue and processed more than 230 million tax returns.

Financial Accounting Standards Board (FASB)
The mission of the FASB is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports. That mission is accomplished through a comprehensive and independent process that encourages broad participation, objectively considers all stakeholder views, and is subject to oversight by the Financial Accounting Foundation’s Board of Trustees.

Public Company Accounting Oversight Board (PCAOB)
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.

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