Undergraduate Course Catalog 2006-2007

General Information

Get Faculty/Staff Directory

Colleges:

 

Courses:


DEGREE PROGRAMS FOR: ACCOUNTANCY

Accountancy majors study the process of recording and interpreting financial data, as well as examining accounting concepts, procedures, standards and ethics.

The Lewis Accountancy curriculum qualifies majors to pursue professional licensing as a Certified Public Accountant (CPA), Certified Management Accountant (CMA) and Certified Internal Auditor (CIA).

A 150 credit hour prerequisite has been established for the CPA exam was instituted in 2001. This means that a student must have transcripts showing that he or she has completed 150 credit hours of coursework prior to applying for the Accountancy licensing exam.

Under this prerequisite, Lewis University Accountancy students interested in taking the exam have two options:

1) They can earn an additional 22 credit hours any time prior to applying for an Accountancy licensing exam in Illinois,

2) They can enroll in the Lewis University Accountancy/MBA degree option program which requires 30 MBA credit hours. Note: This option fulfills the requirements for Accountancy undergraduate majors only. Other majors may need additional coursework. Students should consult their advisors. In order to sit for an Illinois Accountancy licensing examination, a person need have completed only 150 credit hours; thus completion of the Accountancy/ MBA degree option program is not a prerequisite for sitting for a licensing exam.

For definitive answers to questions about coursework and hours earned, only the Illinois Board of Examiners in Champaign is authoritative. Its phone number is (217) 333-1565. Anyone interested in obtaining CPA licensing should first contact the board of examiners.

For further information about the Lewis University Accountancy/MBA degree option program, see College of Business Academic Programs at the beginning of this section. Qualified College of Business Accountancy majors must apply for admission as matriculating students to the joint Accountancy/MBA program prior to the semester in which they will graduate.