Accounting & Finance
Accountancy: A Signature Academic Program
- Degree: Bachelor of Business
- Accreditation: AACSB International - The Association to Advance Collegiate Schools of Business
- Campus Availability: Macomb and Quad Cities
- Minor: Yes
- Graduate Degree: Yes
- Study Opportunities: GradTrac and Honors
- Download the Accountancy Program Brochure (pdf)
The Department of Accounting and Finance is proud to provide Accounting students one of Western Illinois University’s Signature Programs of Study. The Accounting program is student-centered and promotes academic excellence, professional and personal growth, collegiality, professionalism, and ethical conduct. Western’s Accountancy majors may elect to complete the four-year Accountancy program that will enable them to sit for the Certified Management Accountant (CMA), Certified Fraud Examiner, and other certification examinations. Additionally, qualifying students may elect to complete a fifth year of education and earn the Master of Accountancy degree that qualifies them to meet the 150-hour requirement to sit for the Certified Public Accountant (CPA) exam. Finally, WIU students who qualify to enter the Integrated Baccalaureate and Master’s Degree Program in Accountancy may begin their graduate studies in their senior year.
The undergraduate Accountancy program is available in Macomb and the Quad Cities. In the Quad Cities, the program is delivered at the Riverfront campus and provides the region’s community college transfer students the opportunity to complete their junior and senior year courses while earning a baccalaureate degree.
The 120 s.h. Bachelor of Business in Accountancy provides an emphasis on Management Accounting and preparation for:
- Certified Public Accountant (CPA)
- Certified Management Accountant (CMA)
- Certified Fraud Examiner (CFE)
Integrated Baccalaureate and Master's Degree Option
Bachelor of Business in Accountancy/Master of Accountancy
An integrated baccalaureate and master’s degree program provides the opportunity for outstanding undergraduates to earn both degrees in five years. Typically, a baccalaureate degree requires four years to complete and a master’s degree requires an additional two years. However, the integrated degree programs are intended to be accomplished over a period of five years. In addition to earning both degrees a year early, the integrated programs may include additional opportunities to participate in a variety of experiential educational activities such as a master’s project or thesis.
Professional and Personal Growth
The department provides students with numerous opportunities for leadership, teamwork, and collegiate competition, and it assists them with career planning and placement.
Our student organizations sponsor numerous professional and social activities. In addition to the Beta Alpha Psi chapters at each campus, the Student Chapter of the Institute of Management Accountants (SCIMA) in Macomb and the Society of Accountancy in the Quad Cities are actively involved in developing not only the students’ professional skills but also in encouraging a commitment to community service. The QC student organizations provide free income tax assistance to qualified QC residents each year. The Zeta Beta chapter has been recognized as a “Superior Chapter” by the national Beta Alpha Psi organization for each of the last 26 years. In 2012, the IMA named WIU’s student chapter (SCIMA) one of the top three chapters in the country for the seventh consecutive year. In addition, WIU became the first school to win the IMA’s prestigious Clark Johnson Achievement Award twice with our innovative team building project.
Special Opportunities in Accounting
Successful Western alumni and other practitioners often visit our campuses to discuss their own experiences and available career opportunities. Internships with a wide variety of businesses, accounting firms, and nonprofit organizations are available to interested students. Through the on-campus career fairs, students learn about the diverse job and internship opportunities open to Accountancy majors.
As the global business community grows, international travel and study programs are available to those who would like to acquire valuable cross-cultural experience and/or language skills. Students can go abroad for a semester or participate in short-term programs, ranging from two to six weeks. These experiences make our graduates more valuable to employers—a definite benefit in career advancement.
Alumni Job Titles
A degree in Accountancy from WIU’s Signature Program in Accountancy prepares students for their first job and allows them to develop the knowledge and skills needed to take advantage of subsequent career opportunities. WIU alumni have careers as consultants, managerial accountants, auditors, tax specialists, financial planners, forensic accountants, controllers, financial analysts, and chief financial officers. The Accountancy degree provides an excellent background for graduate studies in law, accounting, and business. Students completing the Master of Accountancy degree have also obtained teaching positions after working in the profession or have pursued their doctoral degrees in Accountancy at major universities.
Within 5 Years of Graduation
- Associate in General Services
- Audit Manager
- Business Analyst
- Business Manager
- Certified Fraud Examiner
- Certified Management Accountant
- Certified Public Accountant
- Chief Financial Officer
- Financial Analyst
- General Services Manager
- Senior Associate
- Senior Auditor
- Senior Business Analyst
- Staff Accountant
5+ Years Past Graduation
- Audit Manager
- Certified Financial Planner
- Certified Internal Auditor
- Corporate President
- Director of Budgets
- Director of Tax Solutions
- Internal Control Accountant
- Inventory Management Specialist
- Senior Tax Accountant
- VP of Cashier Operations
More than 40 regional, national, and international business entities regularly employ our graduates. Some of these entities include Accenture, BDO Seidman, Caterpillar, CliftonLarsonAllen, Deere & Company, Deloitte, Ernst & Young, the FBI, FS Growmark, the IRS, KPMG, McGladrey, and State Farm. Starting salaries for accountants and auditors, depending on firm size, range from $41,000 to $60,000. Starting salaries for graduates of the Master of Accountancy program are higher by approximately $10,000. The Master’s degree in Accountancy either is required for or facilitates promotion at many of our regular employers’ firms.
- Accenture LLP
- Archer Daniels Midland (ADM)
- BDO LLP
- Caterpillar Inc.
- Central States Funds
- CliftonLarsonAllen LLP
- John Deere
- Deloitte LLP
- Dot Foods
- Ernst & Young LLP (EY US)
- Grant Thornton LLP
- Gray Hunter Stenn LLP
- Illinois Office of the Auditor General
- Internal Revenue Service
- KPMG LLP
- Moss Adams LLP
- Nestle Purina North America
- PwC (PricewaterhouseCoopers LLP)
- RSM US LLP (formerly McGladrey)
- State Farm
Please refer to the undergraduate catalog for detailed program information and course requirements.
Accounting (ACCT) Courses
ACCT 200 Introduction to Accounting
An introduction to financial and managerial accounting for non-business majors. The course will focus on the use of accounting information by managers.
ACCT 201 Principles of Financial Accounting
The role of financial accounting concepts and practices in the development of information for business decisions.
ACCT 202 Principles of Managerial Accounting
The role of managerial accounting concepts and practices in the development of information for business decisions.
ACCT 307 Accounting for Managers and Management Decisions
Covers asset, liability, and equity accounting, as well as basic cost accounting concepts and techniques. Emphasis is on the use of accounting information for planning, controlling, and operating decisions.
ACCT 341 Intermediate Accounting I
Theoretical concepts and technical procedures underlying the preparation of external financial reports for corporate business organizations. Includes a one-hour lab which focuses on skills development for success in the accounting profession.
ACCT 342 Intermediate Accounting II.
Theoretical concepts and technical procedures underlying the preparation of external financial reports for corporate business organizations.
ACCT 351 Management Accounting
A detailed study of cost allocation methods, cost accounting systems, and the complexities involved in costing products, jobs, and services.
ACCT 371 Principles of Taxation
The course will survey the reporting and planning of the effects of federal income taxation on personal and business transactions. Includes a one-hour lab which will stress tax research and personal compliance issues.
ACCT 420 Internship in Accountancy
One hour of credit is available for every 40 hours (120 hours minimum) of approved experience.
ACCT 421 Independent Study in Accountancy
Independent research on selected topics in Accountancy.
ACCT 441 Advanced Accounting I
Study of advanced accounting topics including consolidations, international accounting, and international financial reporting standards (IFRS).
ACCT 442 Advanced Accounting II
Study of advanced accounting topics including segment reporting, partnerships, SEC reporting, and state and local government accounting.
ACCT 445 The Analysis and Use of Financial Statements
Integration of concepts from economics, business strategy, accounting, and other business disciplines to analyze financial statements for investment and credit decision making.
ACCT 451 Accounting Systems and Control
Introduction to the concepts and current practices in analyzing and developing organizational accounting and control systems.
ACCT 455 Advanced Management Accounting
Advanced topics in cost/management accounting with an emphasis on tools and techniques for decision making.
ACCT 457 Fraud Examination
An examination of the principles and practices for investigating allegations of fraud and financial misconduct. Topics include the elements of fraud, red flags, document examination, interviewing techniques, and report writing.
ACCT 471 Advanced Federal Taxation
A study of advanced topics in federal taxation. The course will address compliance and planning issues in the taxation of corporations, partnerships, estates and trusts, and other advanced topics.
ACCT 480 Financial Auditing
The role and function of the accountant in the attestation process, with emphasis on the audit of financial statements. An analysis of the interrelation of audit standards, procedures, and principles; and consideration of trends and developments in the profession of public accounting.
Department of Accounting and Finance
Dr. Gregg S Woodruff, Chairperson
Location: Stipes Hall 431
1 University Circle
Macomb, IL 61455-1390
Phone: (309) 298-1152
Fax: (309) 298-2952
College of Business & Technology (CBT)
Dr. William Bailey, Interim Dean
CBT Email: firstname.lastname@example.org
Location: Stipes Hall 101
1 University Circle
Macomb, IL 61455-1390
Phone: (309) 298-2442
Fax: (309) 298-1039
Accounting and Finance Advising
Andrea Riebling, Academic Advisor
Business Disciplines (A-I)
Anna James, Academic Advisor
Business Disciplines (J-L)
Chris Ramsey, Director/Academic Advisor
Business Disciplines (M-O)
Michelle Terry, Academic Advisor
Business Disciplines (P-Z)
Macomb: Stipes Hall 133
Phone: (309) 298-1619
Website: Stipes Hall Advising
Ashley Wilkinson, Academic Advisor
Quad Cities Campus
Quad Cities: QC Riverfront 109
Phone: (309) 762-5787
Website: Quad Cities Advising