The Department of Accounting, Finance, Insurance, and Risk Management (AFIRM) has produced its Fall 2020 Newsletter. In this issue we welcome Blake Reed who will be teaching Business Law. There's advice for coping in these unprecedented times of uncertainty, and a spotlight on Tyra Dowell, an accounting major and graduating senior. Everyone at Indiana State would like to echo the newsletter's final words, "We are here for you. We also know that if we work together as a Sycamore Family, we can rise to any crisis."
Accounting is an important part of every business and industry around the world. Successful accountants possess interpersonal, communication and problem-solving skills. Accountants must also bring a broad perspective and special accounting knowledge to the job.
The field of accounting offers challenging and rewarding opportunities in public accounting, tax accounting, industry, government, and not-for-profit organizations. The courses and hands-on experiences we provide in the Scott College of Business will prepare you for any of these exciting careers.
For general information please see the Student Resources pages.
What is Accounting?
It’s not just debits and credits. Often called the ‘language of business’, accountants are the stewards of information and must understand sources of data relied on for fiscal reporting and decision making.
The Accounting Program strives to prepare students to assume roles as accounting professionals in society as well as provide them with a foundation for continued life-long learning. Our program helps prepare for professional certifications such as:
- Certified Public Accountant (CPA),
- Certified Management Accountant (CMA),
- Chartered Global Management Accountant (CGMA),
- Certified Fraud Examiner (CFE),
- Certified Financial Planner (CFP),
In addition to the learning goals established for all Scott College of Business majors, students graduating with a major in accounting will demonstrate the following knowledge and skills:
- An understanding of generally accepted accounting principles and accounting theory that embodies the technical knowledge required for entry into the accounting professions.
- The ability to apply financial accounting, cost accounting, auditing, and taxation to address the information needs of organizations.
- Competency in current technology relevant to the accounting profession.
To view the document in its entirety, follow this link: Mission Statement
The following PDF documents are available:
Accounting is in demand
“Advances in technology and the promise of big data is transforming the way we do business, which puts a lot of pressure on businesses to try and figure out how to operate. As accountants, we need to be able to adapt and embrace the technological change”
- Dr. Cory Campbell
“The faculty at Indiana State University provided me with a great education. I left the School of Business well prepared to sit for the CPA exam. The opportunities that I received in teaching supplemental instruction classes, meeting with industry contacts, and hands-on learning put me on a path to success in my career. Thanks, ISU!”
- Ellie Caldwell, Sackrider & Company
“The professional- and career-focused student organizations available, like Beta Alpha Psi and Delta Sigma Pi, which I was president of, were huge for me. Indiana State University and the Scott College of Business also connected me to my job in the student computer labs and to a local Terre Haute accounting firm, for a part time tax season internship while in school.”
- John Krutz, Larsson, Woodyard, & Henson
Job opportunities and career paths in:
- Accounting Analytics
- Financial Analysts
- Forensic Accounting
- Legal services
- Managerial and Financial Accounting
- Tax Preparers
Student internships have led to post-graduation jobs at Ernst & Young, Deloitte, Somerset CPAs, Kemper CPA Group, Dauby, O'Connor & Zaleski, Sackrider & Company, Inc., and Defense Finance and Accounting Service (DFAS).