Analyze and identify key economic issues affecting business strategy. Analyze and identify key economic issues affecting business strategy. Analyze and identify key economic issues affecting business strategy. Analyze and identify key economic issues affecting business strategy. Analyze and identify key economic issues affecting business strategy.

School of Business & Entrepreneurship

Department of Accounting and Finance

Accounting

Questions?

Undergraduate Admission

(630) 637-5800

admissions@noctrl.edu

Why pursue an accounting degree at North Central College?

Our accounting degree will help you become professionally indispensable—one of those rare people who can analyze complex quantitative problems and explain them to everyone from CEOs to stockholders. You’ll learn to identify key economic issues affecting business strategy and interpret and prepare critical financial reports and analysis. Our professors also weave writing and presentation skills into every accounting course, so you’ll become a skilled communicator—and that will set you head and shoulders above your peers.

You can also:

  • Secure internships with some of the most prestigious accounting firms, like PwC, EY, Deloitte, RSM, and many other local and regional firms.
  • Participate in our Student Accounting Society which hosts speakers, networking events and social gatherings.
  • Work closely with faculty mentors to conduct research, explore graduate study, and consider internship opportunities and career options.
  • Complete the required 150 credit hours to sit for the CPA examination in Illinois and most other states in four years by working closely with your academic advisor, enrolling in summer coursework, and completing advanced placement credits.
  • Explore opportunities to complete the required credit hours for the CPA examination through graduate study—whether through North Central’s or other schools masters’ programs.
  • Apply for one of the 10 scholarships awarded annually for study materials and fee waivers to take the Certified Management Accountant examination.
  • Enhance classroom learning by participating in a variety of community engagement opportunities like the volunteer income tax preparation program and attestation services for local non-for-profit entities.
  • Conduct market research and engage in data analytics using our state-of-the-art, 10-station Bloomberg Laboratory.

More Department information

Accounting, B.B.A.

Accounting emphasizes the generation, analysis and reporting of key financial information to interested stakeholders. Graduates are employed in a wide variety of careers including, financial reporting, financial advising, consulting and data analysis. Accountants work for public accounting firms, private firms, governmental units and not-for-profit organizations.

The accounting curriculum provides the content specified in the Uniform CPA Examination. However, in Illinois (and most other states), candidates are required to have 150 semester credit hours to sit for the CPA examination. Students may earn the additional credit hours through graduate studies, overloads, May or summer term courses. Additionally, advanced placement credits and college coursework not transferred into North Central College may be count towards the 150-hour requirement. Students are encouraged to work closely with faculty mentors to determine a plan of study that best meets individual circumstances.

For additional programs and courses in this department, see Accounting and Finance.

Major Requirements

Common SBE Core

  • SBEN 100 - Globalization and Society

    SBEN 100 - Globalization and Society

    4.00 credit hours

    An introductory course identifying the role of the business institution in our society, how business behavior is shaped and influenced by its stakeholders-managers, consumers, employees, government and community members. Key topics include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society.

    Cardinal Directions Designation(s)
    Social Science, Ethical Dimensions, Global Understanding.

    Schedule Of Classes

  • ACCT 201 - Financial Accounting

    ACCT 201 - Financial Accounting

    4.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACCT 202 - Managerial Accounting

    ACCT 202 - Managerial Accounting

    4.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)

    ACCT 201.

    Schedule Of Classes

  • BUSN 205 - Business Law and Ethics

    BUSN 205 - Business Law and Ethics

    4.00 credit hours

    Surveys the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including torts and negligence, contracts, employment law including employment discrimination, business entities, commercial transactions and intellectual property—all with particular emphasis on business ethics and ethical decision making.

    Cardinal Directions Designation(s)
    Ethical Dimensions.

    Schedule Of Classes

  • BUSN 265 - Business and Economics Statistics

    BUSN 265 - Business and Economics Statistics

    4.00 credit hours

    Provides an overview of basic statistics as it applies to business. The focus is on learning statistical concepts by applying analytical reasoning to business applications. Examples illustrating the relevance of statistics to broad areas of business are used. The course requires students to use spreadsheet programs, statistical programs, the Internet and other computer tools in analyzing statistics. The focus is on application of the material and on solving problems. Only one of BUSN 265 and PSYC 250 may be taken for credit.

    Prerequisite(s)

    MATH 130 or higher.

    Cardinal Directions Designation(s)
    Quantitative Analysis.

    Schedule Of Classes

  • BUSN 485 - Business Strategy

    BUSN 485 - Business Strategy

    4.00 credit hours

    The capstone course requirement for all business majors. As befits a capstone, student skills in business strategy are developed in a highly integrative manner such that students use knowledge and frameworks from all functional areas of business to develop a holistic perspective of firms and competitive advantage. The knowing component of this course is focused on theoretical knowledge and frameworks applied in the critical analysis of business case studies. The doing component of this course centers on an online simulation where students compete to run a successful business.

    Prerequisite(s)

    FINA 350, MGMT 305, MKTG 300 and Senior standing.

    Schedule Of Classes

  • ECON 200 - Principles of Microeconomics

    ECON 200 - Principles of Microeconomics

    4.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms and market structure, and other applied microeconomic topics.

    Prerequisite(s)

    MATH 130 or higher.

    Cardinal Directions Designation(s)
    Social Science.

    Schedule Of Classes

  • ECON 205 - Principles of Macroeconomics

    ECON 205 - Principles of Macroeconomics

    4.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking, fiscal and monetary policies, distribution of income and economic crises.

    Prerequisite(s)

    MATH 130 or higher; ECON 200 recommended.

    Cardinal Directions Designation(s)
    Social Science.

    Schedule Of Classes

  • FINA 350 - Corporate Finance

    FINA 350 - Corporate Finance

    4.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital, and capital budgeting.

    Prerequisite(s)

    ACCT 201 and ECON 200; BUSN 265 or MATH 152 or concurrent enrollment.

    Schedule Of Classes

  • MGMT 305 - Management and Organizational Behavior

    MGMT 305 - Management and Organizational Behavior

    4.00 credit hours

    Provides a formal overview of why organizations exist and how they operate within the context of society. Basic management issues such as the structure of organizations are explored. In many cases management topics are covered in a generic manner that can be applied to any organization. Other issues are addressed with specific applications to certain firms. This course examines our role as individuals as it pertains to organizations. It is generally meant to provide a framework to analyze organizations that exist in the U.S. but will also cover some international topics.

    Prerequisite(s)

    BUSN 265 and ECON 200.

    Schedule Of Classes

  • MKTG 300 - Principles of Marketing

    MKTG 300 - Principles of Marketing

    4.00 credit hours

    Presents an overview of Marketing as a principle, a discipline, and as a profession. Students examine all elements of Marketing including integrated promotional strategies, consumer behavior, and ethics and social responsibility. Emphasis is placed on the Marketing Mix (Product, Place, Promotion and Price) as students design and implement a comprehensive marketing plan.

    Prerequisite(s)

    SBEN 100 and ECON 200.

    Schedule Of Classes

Accounting Courses

  • ACCT 307 - Cost Accounting

    ACCT 307 - Cost Accounting

    4.00 credit hours

    Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems and inventory control techniques used for routine and nonroutine management decisions.

    Prerequisite(s)

    ACCT 202.

    Schedule Of Classes

  • ACCT 310 - Accounting Information Systems

    ACCT 310 - Accounting Information Systems

    2.00 credit hours

    An introduction to accounting information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resulting managerial decisions.

    Prerequisite(s)

    ACCT 317 or concurrent enrollment.

    Schedule Of Classes

  • ACCT 317 - Intermediate Accounting I

    ACCT 317 - Intermediate Accounting I

    4.00 credit hours

    Study and research of U.S. Generally Accepted Accounting Principles and their applications to financial accounting and financial statements. Additionally, the application of International Financial Reporting Standards is explored with each topic. Topics covered include an in-depth study of cash, receivables, inventory, plant assets, intangible assets and investments.

    Prerequisite(s)

    ACCT 202 or concurrent enrollment.

    Schedule Of Classes

  • ACCT 318 - Intermediate Accounting II

    ACCT 318 - Intermediate Accounting II

    4.00 credit hours

    A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of, liabilities, stockholders' equity and earnings per share, revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement and error analysis.

    Prerequisite(s)

    ACCT 317.

    Schedule Of Classes

  • ACCT 330 - Principles of Taxation

    ACCT 330 - Principles of Taxation

    4.00 credit hours

    Basic concepts of federal income tax laws and their application for individual and entity taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses.

    Prerequisite(s)

    ACCT 202 and Junior standing.

    Schedule Of Classes

  • ACCT 370 - Auditing and Attestation

    ACCT 370 - Auditing and Attestation

    4.00 credit hours

    A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment and the communications required for the engagement.

    Prerequisite(s)

    BUSN 265; Junior standing; ACCT 318 or concurrent enrollment.

    Schedule Of Classes

Two of the following:
  • ACCT 431 - Advanced Taxation

    ACCT 431 - Advanced Taxation

    2.00 credit hours

    Advanced concepts of federal income tax laws and their application to individuals, pass-through and business entities. Topics include taxation theory, corporations, corporate distributions, partnerships, securities and retirement plans and administrative procedures.

    Prerequisite(s)

    ACCT 330.

    Schedule Of Classes

  • ACCT 440 - Accounting for Business Combinations

    ACCT 440 - Accounting for Business Combinations

    2.00 credit hours

    A study of accounting principles concentrating on the preparation and analysis of consolidated financial statements and related topics.

    Prerequisite(s)

    ACCT 318.

    Schedule Of Classes

  • ACCT 460 - Accounting for Not-For-Profits

    ACCT 460 - Accounting for Not-For-Profits

    2.00 credit hours

    A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals and charitable organizations.

    Prerequisite(s)

    ACCT 317.

    Schedule Of Classes

  • ACCT 471 - Fraud Examination

    ACCT 471 - Fraud Examination

    2.00 credit hours

    A study of the fraud examination as related to business. Topics include: fraud prevention and deterrence, financial transactions and fraud schemes, fraud investigations and the law as it pertains to fraud.

    Prerequisite(s)

    ACCT 318 and ACCT 370.

    Schedule Of Classes

  • ACCT 490 - Seminar in Accounting

    ACCT 490 - Seminar in Accounting

    2.00 credit hours

    Topics in accounting with an emphasis on research and emerging issues in the profession. The nature of accounting standard setting and its implications provide a framework for the seminar topics and activities.

    Prerequisite(s)

    ACCT 318.

    Schedule Of Classes

Accounting Minor

An accounting minor introduces students to key and core aspects of the generation, analysis and reporting of key financial information to interested stakeholders. A minor in accounting is appropriate for a wide-range of student majors and can provide the basis for continued graduate study in accounting at the masters' degree-level.An accounting minor introduces students to key and core aspects of the generation, analysis and reporting of key financial information to interested stakeholders. A minor in accounting is appropriate for a wide-range of student majors and can provide the basis for continued graduate study in accounting at the masters' degree-level.

For additional programs and courses in this department, see Accounting and Finance.

Minor Requirements

At least 22 credit hours in accounting, including:

Required Courses

  • ACCT 201 - Financial Accounting

    ACCT 201 - Financial Accounting

    4.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACCT 202 - Managerial Accounting

    ACCT 202 - Managerial Accounting

    4.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)

    ACCT 201.

    Schedule Of Classes

  • ACCT 317 - Intermediate Accounting I

    ACCT 317 - Intermediate Accounting I

    4.00 credit hours

    Study and research of U.S. Generally Accepted Accounting Principles and their applications to financial accounting and financial statements. Additionally, the application of International Financial Reporting Standards is explored with each topic. Topics covered include an in-depth study of cash, receivables, inventory, plant assets, intangible assets and investments.

    Prerequisite(s)

    ACCT 202 or concurrent enrollment.

    Schedule Of Classes

  • ACCT 330 - Principles of Taxation

    ACCT 330 - Principles of Taxation

    4.00 credit hours

    Basic concepts of federal income tax laws and their application for individual and entity taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses.

    Prerequisite(s)

    ACCT 202 and Junior standing.

    Schedule Of Classes

Electives

Six credit hours from the following:

  • ACCT 303 - Environmental Cost Analysis

    ACCT 303 - Environmental Cost Analysis

    4.00 credit hours

    Accounting and business concepts are applied to sustainability projects within the greater College community. After covering a foundation of cost and managerial accounting concepts, students will work on teams to plan, implement and assess environmental opportunities available to the College. Projects may include cost-benefit analysis, capital budgeting or sustainability certification opportunities.

    Prerequisite(s)

    ACCT 202, ECON 240 and ENVI 105.

    Schedule Of Classes

  • ACCT 307 - Cost Accounting

    ACCT 307 - Cost Accounting

    4.00 credit hours

    Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems and inventory control techniques used for routine and nonroutine management decisions.

    Prerequisite(s)

    ACCT 202.

    Schedule Of Classes

  • ACCT 310 - Accounting Information Systems

    ACCT 310 - Accounting Information Systems

    2.00 credit hours

    An introduction to accounting information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resulting managerial decisions.

    Prerequisite(s)

    ACCT 317 or concurrent enrollment.

    Schedule Of Classes

  • ACCT 318 - Intermediate Accounting II

    ACCT 318 - Intermediate Accounting II

    4.00 credit hours

    A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of, liabilities, stockholders' equity and earnings per share, revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement and error analysis.

    Prerequisite(s)

    ACCT 317.

    Schedule Of Classes

  • ACCT 370 - Auditing and Attestation

    ACCT 370 - Auditing and Attestation

    4.00 credit hours

    A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment and the communications required for the engagement.

    Prerequisite(s)

    BUSN 265; Junior standing; ACCT 318 or concurrent enrollment.

    Schedule Of Classes

  • ACCT 431 - Advanced Taxation

    ACCT 431 - Advanced Taxation

    2.00 credit hours

    Advanced concepts of federal income tax laws and their application to individuals, pass-through and business entities. Topics include taxation theory, corporations, corporate distributions, partnerships, securities and retirement plans and administrative procedures.

    Prerequisite(s)

    ACCT 330.

    Schedule Of Classes

  • ACCT 440 - Accounting for Business Combinations

    ACCT 440 - Accounting for Business Combinations

    2.00 credit hours

    A study of accounting principles concentrating on the preparation and analysis of consolidated financial statements and related topics.

    Prerequisite(s)

    ACCT 318.

    Schedule Of Classes

  • ACCT 460 - Accounting for Not-For-Profits

    ACCT 460 - Accounting for Not-For-Profits

    2.00 credit hours

    A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals and charitable organizations.

    Prerequisite(s)

    ACCT 317.

    Schedule Of Classes

  • ACCT 471 - Fraud Examination

    ACCT 471 - Fraud Examination

    2.00 credit hours

    A study of the fraud examination as related to business. Topics include: fraud prevention and deterrence, financial transactions and fraud schemes, fraud investigations and the law as it pertains to fraud.

    Prerequisite(s)

    ACCT 318 and ACCT 370.

    Schedule Of Classes

  • ACCT 490 - Seminar in Accounting

    ACCT 490 - Seminar in Accounting

    2.00 credit hours

    Topics in accounting with an emphasis on research and emerging issues in the profession. The nature of accounting standard setting and its implications provide a framework for the seminar topics and activities.

    Prerequisite(s)

    ACCT 318.

    Schedule Of Classes

Accounting Internships and Jobs

A North Central education integrates career preparation with rich academic study. Our faculty encourages you to refine and apply your knowledge in an interconnected world. Here you'll learn to think independently and work globally to solve problems and lead.

Internships

  • Enterprise finance intern, Accenture, Chicago
  • Tax intern, McDonald’s Corporation, Oak Brook, Ill.
  • Audit services intern, KPMG, Chicago
  • Forensic accounting intern, Enforcement Division of the Securities and Exchange Commission, Chicago
  • Assurance services intern, Grant Thorton, Chicago 
  • International tax services intern, Deloitte, Chicago 
  • Accounting services intern, Lauterbach & Amen, LLP, Naperville, Ill.
  • Employee benefits audit intern, Sikich, LLP, Naperville
  • Assurance Intern, PwC, Chicago
  • Accounting Intern, Cabot Microelectronics
  • Internal Audit Intern, Wolters Kluweer, Riverwoods, IL
  • Audit Intern, Sikich, Naperville
  • Assurance Intern, Plante Moran, Chicago
  • Tax Season Intern, Porte Brown LLC, Elk Grove Village, IL

Graduate Schools

Recent graduates in accounting have completed graduate degrees at:

  • Arizona State University
  • DePaul University
  • Loyola University
  • North Central College
  • Northern Illinois University
  • University of Michigan
  • University of Notre Dame

Careers

Recent graduates in accounting include:

  • Finance & Accounting Leadership Development Program, Navistar, Chicago
  • Assurance Staff, Plante Moran, Chicago
  • Accounting Outsourcing Services Associate, BKD, Oak Brook Terrace
  • Associate, DHJJ, Naperville
  • Tax Associate, PwC, Chicago
  • Associate, Transaction Services, RSM, Chicago
  • Audit Associate, RSM, Schaumburg
  • Pension Benefits Specialist, Lauterbach & Amen, LLP, Naperville
  • Associate Financial Analyst, Leadership Development Program, Exelon, Naperville
  • Tax Associate, RSM, Schaumburg
  • Financial services tax staff, Ernst & Young, Chicago
  • Audit associate, Sikich, LLP, Naperville
  • Audit associate, Deloitte, Chicago
  • Tax consultant, Deloitte, Chicago
  • Audit associate, Grant Thorton, Chicago

 

Invest in your future

Choosing the right college is a big decision. Don’t make it alone. North Central’s admission and financial aid team is here to help you design a financial aid solution that works best for you and your family.

Merit scholarships, grants, loans, campus employment - these are just some of the resources available to you. Over 95 percent of students and 100 percent of all eligible students receive aid. Let our team partner with you in finding the best value for your education.

Learn more about financial aid and costs for North Central College

Apply to North Central College

The first step to becoming a North Central student is reading the application instructions specific to you. Find out everything you need to know about applying by selecting the group you belong to below.


Related Programs

Explore Similar Programs