Department of Accounting

Undergraduate Transfer Requirements

Requirements for transferring: You first need to be admitted to UIC and the CBA. If you have not taken any accounting courses before transferring, the you have to take Accounting 210 (financial accounting) and Accounting 211(managerial accounting) and get a B average in those classes.

Transferring credit for basic accounting courses: All UIC students have to take basic accounting courses: Financial Accounting - 210 and Managerial Accounting - 211 and receive a B average to become an accounting major. The first courses as an accounting major are rigorous and we have found that they are challenging for all students. You may have taken the basic accounting courses in Financial Accounting and Managerial Accounting some time back. So we require all transfer students to pass the Accounting Qualifying Examination (AQE) before entering as an Accounting major. For Information on the AQE, Click here.

Note that your basic accounting courses in Financial Accounting and Managerial Accounting can be transferred and you will get credit, but you have to pass the AQE to continue as an accounting major. Information about the Accounting Department, AQE, sample tests, test dates and topics covered are at our web page. Complete information about the undergraduate accounting program is at: http://www.uic.edu/cba/accounting/UG.html

We have transfer agreements with many Chicago area colleges.Transfer guides to many of those are available at: http://www.uic.edu/cba/ugrad/academic_services/transferguides.html
CBA transfer requirements are at: http://www.uic.edu/cba/ugrad/academic_services/transferreqs.html General information about CBA is at: http://www.uic.edu/cba/ugrad/

Transferring credit for advanced accounting courses: The accounting department at UIC accepts transfer credits for accounting courses above the 300 level only from AACSB accredited accounting programs. For a full list please see:http://www.aacsb.edu/accreditation/AccreditedMembers.asp. The following accounting programs in Illinois are accredited now: Bradley University, University of Chicago, DePaul University, University of Illinois at Chicago, University of Illinois at Urbana-Champaign, Illinois State University, Loyola University Chicago, Northern Illinois University , Southern Illinois University Carbondale, Southern Illinois University Edwardsville, Western Illinois University. Intermediate Financial Accounting I - Actg 315 and Intermediate Financial Accounting II - Actg 316 has to be taken at UIC. The undergraduate accounting program requires 28 hours in accounting. UIC has a 18 hours major residency requirement. So transfer credits will not be given for more than 10 hours under any case.

Registering for classes: As soon as you are admitted to UIC and your name is in the student access system you can register for all classes directly except Accounting 315. You have to go to the accounting department site and click on signup for 315. You can do this even before you take and pass the AQE. After you pass the AQE, you will be given permission to register for 315 and notified before you can register for 315.

International Students with accounting courses: For the basic accounting courses (Actg 210 and Actg 211) the requirements described above applies. For advanced courses, we will not be able to accept any credits. The accounting systems in the USA are very different form almost all countries. GAAP, SEC regulations, FASB and auditing standards and the tax code are unique to the US. If you are interested in taking the CPA exam you will fare much better if you take all the accounting courses in the US.