IU Accounting Students Test the Real World

Students in the Systems & Accounting Graduate Programs at Indiana University have the opportunity to solve real business problems before they leave the picturesque Bloomington, Indiana, campus. By completing the renowned Kelley School of Business’ field consulting project course, teams of graduate accounting students utilize their skills and education as consultants for a variety of companies and organizations throughout central Indiana.

The program is thought to be one-of-a-kind among graduate level accounting programs at the nation’s colleges. Teams of four or five students enter into simulated consulting engagements with a variety of local businesses and organizations. Throughout a semester, they work with company representatives to identify real business problems, study the implications related to its accounting and information systems, and propose solutions. A presentation is given at the end of the semester.

The Indiana CPA Society is one of the organizations that has benefited from several projects in recent years. IU students have studied ways to customize communications, deliver services to members in industry, engage young professionals in activities of the Society, and measure confidence in CPAs’ ability to detect fraud. Another team worked with the Indiana State Board of Accountancy to benchmark mandatory peer review in other states. The Society recognizes the value of this innovative experiential learning and has promoted it through its magazine, CPA IN Perspective. A PDF copy of the article is attached.

For information about the Systems & Accounting Graduate Programs’ Field Consulting Project, visit the web site sagp.kelley.indiana.edu. Organizations interested in utilizing a field consulting team may e-mail sagp@indiana.edu.

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