Nov 27, 2024  
2011-2013 EIU Graduate Catalog 
    
2011-2013 EIU Graduate Catalog [ARCHIVED CATALOG]

MBA Accountancy Concentration


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Accountancy Concentration: The Accountancy Concentration is intended for students who have completed an undergraduate degree in accounting, and the program will prepare students to meet the educational requirements necessary to take the Certified Public Accountant examination.

Program Mission: Learning for Leadership: The MBA Program at Eastern Illinois University is an AACSB accredited graduate program that prepares students for employment in positions of leadership in small and large businesses, industry, government, and non-profit organizations in a contemporary global environment. The program emphasizes the application of analytical tools and related skills that are essential for making informed business decisions. Learning for Excellence: The dedicated faculty seeks to foster excellence, creativity, and innovation through a responsive, dynamic, challenging, and culturally diverse learning environment, with a focus on experiential and applied learning and research. Learning for Life:  The program promotes and expects ethical behavior in all aspects of professional work and prepares its students for life-long discovery and professional fulfillment in a global economy.

Program Aim:
The MBA degree with a concentration in accountancy is intended for students who have completed an undergraduate degree in accounting.  At the completion of this program, graduates will have:

  • the ability to apply technical accounting knowledge in managerial decision-making;
  • a strong understanding of the complex interrelationships between functional business areas;
  • communication skills and critical thinking abilities expected by employers and required of future accounting professionals; and
  • the opportunity to meet the educational requirements necessary to qualify to take the Certified Public Accountant examination.

Admission Requirements: To be eligible for degree candidacy, applicants must meet all of the requirements for admission to the Graduate School (see “Admission to Graduate Degree and Certificate Programs”). Also, candidates must submit an MBA program application, résumé clearly describing employment experience, two completed reference forms sent directly to the MBA Office (preferably one should be from a previous or current employer), a one-page professional goal statement describing career and academic goals and how the candidate has and will continue to prepare him/herself to meet those goals, and a signed Honor Code agreement.  All applicants must take the Graduate Management Admission Test (GMAT).  To be admitted to degree candidacy, applicants are expected to score at least 1,000 points based on the following formula: 200 times the cumulative undergraduate GPA  plus the GMAT score.  Minimum GMAT scores are as follows: Total, 400; Verbal, 18; Quantitative, 20; Analytical Writing, two. 

The Graduate Business Studies office follows the policies of the Graduate School for calculating the GPA. Applicants must have achieved a minimum undergraduate cumulative grade point average (GPA) of 2.75 on a 4.0 scale or a 2.75 GPA on the last 60 hours of graded academic course work. The undergraduate cumulative GPA is defined as the final GPA as reflected on the official transcript of the institution granting the baccalaureate degree. If no cumulative GPA is specified or if the institution uses a scale other than a 4.0 scale, the Graduate School will calculate the GPA for the baccalaureate institution. If applicants do not have a 2.75 cumulative GPA on the official transcript of the institution granting the degree, or if the undergraduate degree was earned in a non-traditional program, the Graduate School will automatically calculate the GPA on the last 60 hours of graded academic course work. The cumulative GPA for the last 60 hours is calculated by identifying the most recent term in which the student has completed course work and counting backward until the terms in which 60 semester hours were earned are identified. All of the hours in those terms will be included in the calculation. Upon request of the application, the MBA Office will calculate the GPA on the last 60 hours of graded academic course work if student does not meet the admission formula requirements. Applicants may request that course work taken as a post-baccalaureate student be considered in the computation of the GPA when calculating the GPA on the last 60 semester hours. This request must be made to the Graduate School. Applicants must provide official transcripts of all post-baccalaureate course work and request that all post-baccalaureate work be included in the calculation. When such a request is made, the cumulative GPA is calculated by identifying the most recent term in which the student has completed course work and counting backward until the term in which 60 semester hours are identified. All of the hours in those terms will be included in the calculation. 

Exceptions to admission requirements will be reviewed on a case-by-case basis by the Graduate Business Studies Committee.  Additional criteria may be established by the School of Business Graduate Committee to evaluate applicants for admission.

Honor Code: An important expectation of the MBA program is appropriate ethical behavior in all aspects of professional and educational endeavors. To promote and guide this behavior, the School of Business Graduate Committee has adopted an Honor Code for the MBA Program. All applicants are required to sign the Honor Code and return it to the Graduate Business Studies Office as a condition for admission. Please carefully review the Honor Code. Keep one copy for your reference, and sign and submit the other copy with your admission materials. The form can be found at the MBA web site: www.eiu.edu/mba/

Application Process: Submit to the Office of Graduate Business Studies, 4025 Lumpkin Hall, Eastern Illinois University, 600 Lincoln Avenue, Charleston, Illinois, 61920-3099, the following:

  • MBA Program Application for Admission,   
  • Résumé,
  • Two completed reference forms sent directly to the MBA Office (preferably one should be from a previous or current employer),
  • A one-page professional goal statement describing your career and academic goals and how you have and will continue to prepare yourself to meet those goals,
  • All official transcripts from regionally accredited colleges or universities attended.  Unofficial transcripts, such as those marked “Issued to Student,” are not acceptable.  One transcript should certify the completion of the baccalaureate degree.  EXCEPTION:  A transcript verifying completion of seven semesters of undergraduate course work will be accepted if the applicant is a senior in college.  An official transcript certifying the receipt of the baccalaureate degree will be required before the student will be admitted as a graduate student.  Students who have attended Eastern do not have to provide EIU transcripts,
  • Signed Honor Code agreement,
  • Official results of the Graduate Management Admission Test (GMAT).

Admission decisions will be based on:

  • Minimum GMAT scores: total 400, verbal 18, quantitative 20
  • Minimum formula requirement of 1,000 points based on: (GPAx200) + GMAT score
  • A comprehensive review of evidence of the applicant’s knowledge, skills, and ability to excel at and benefit from the rigor of master’s level coursework. Such evidence includes but it is not limited to details of academic and work-related achievements, evidence of personal initiative, growth, creativity, and extracurriculat activities such as professional and community involvement.

The School of Business Graduate Admissions Committee will begin reviewing completed applications on these dates: the last week of March for summer and fall admissions, and the third week of November for spring admissions.

All admission criteria are listed as guidelines. They are minimum requirements and do not guarantee admission to the MBA Program.

For additional information about the program, and application forms, and recommendation forms, visit the MBA web site: www.eiu.edu/mba.

Failure to submit all required application materials by the following dates may result in a delay of the registration process for the academic year entering: Domestic students: fall semester - August 1, spring semester - December 1, and summer term - May 1. International students: fall semester - May 15, spring semester - October 15.

Degree Audit: The graduate plan of study is the EIU Degree Audit, which is generated automatically in the Degree Audit Reporting System (DARS) at the time of degree or certificate candidacy. Modifications of the standard EIU Degree Audit are submitted by the graduate coordinator to the certification officer in the Graduate School at the time modifications are approved. The Degree Audit serves as an unofficial summary of requirements for the program. Degree and certificate candidates are advised to review the comprehensive summary of the Degree Audit process specified on the “Requirements for All Degree and Certificate Candidates” section of the Graduate Catalog. Individual programs may require candidates to submit plans of study in addition to the Degree Audit, candidates should consult with the program coordinator.

 

 

Degree Requirements


Degree requirements include those outlined for the master’s degree by the Graduate School (see “Requirements for the Master’s Degree”).

The required courses for the MBA with Concentration in Accountancy degree include Phase I courses that provide business fundamentals normally covered in an undergraduate business degree program and Phase II courses that provide advanced business study.  Students with an undergraduate business degree generally have completed all or most of the Phase I courses and may be prepared to enroll immediately in Phase II courses.  Students without an undergraduate degree in business generally must complete all or most of the Phase I courses before beginning the Phase II course work.  Students must complete all Phase I courses with a “C” or better by the time fifteen (15) hours of Phase II courses are successfully completed. Students who have not met this requirement will not be permitted to enroll in additional Phase II classes.  Students lacking no more than six hours of Phase I courses may enroll in Phase II courses while satisfying the remainder of their Phase I course work.  However, students may not enroll in a Phase II course unless they have completed all prerequisites for the course.

Phase I


Students must complete, or have completed, with a grade of C or better, undergraduate courses for which the content is substantially equivalent to the following at Eastern Illinois University:

Total. Credits: 33

  • ECN 2801G - Economics I. Credits: 3
  •  ECN 2802G - Economics II. Credits: 3
  •  BUS 2101 - Accounting I. Credits: 3
  •  BUS 2102 - Accounting II. Credits: 3
  •  BUS 2750 - Legal & Social Environment of Business. Credits: 3
  •  BUS 2810 - Business Statistics. Credits: 3
  •  BUS 3010 - Management and Organizational Behavior. Credits: 3
  •  BUS 3470 - Principles of Marketing. Credits: 3
  •  BUS 3500 – Management Information Systems. Credits: 3
  •  BUS 3710 - Business Financial Management. Credits: 3
  •  BUS 3950 - Operations Management. Credits: 3

Required Courses


In addition to the Phase I courses, students must complete or have completed, the following undergraduate accounting prerequisite courses or their equivalents with a grad of C or better:
  • ACC 3200 - Financial Accounting Theory I, Credits: 3
  • ACC 3250 - Financial Accounting Theory II, Credits: 3
  • ACC 3300 - Management and the Cost Accounting, Credits: 3
  • ACC 3900 - Accounting Information Systems, Credits: 3
  • ACC 4400 - Federal Income Taxation I, Credits: 3
  • ACC 4700 - Auditing and Assurance Services, Credits: 3

Phase II


The program is designed as a Concentration in Accountancy, and all transcripts and diplomas of graduates will indicate “Master of Business Administration with Concentration in Accountancy.”
Total Credits: 33

Graduate Assistantships


Information on graduate assistantships in the School of Business may be obtained by contacting the Coordinator of Graduate Business Studies or by visiting the MBA web site: www.eiu.edu/mba 

 

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