Accounting

UIC ALPFA Chapter Wins Sponsorships for Vegas Convention

On the morning of Saturday, October 1, UIC Business students Cristian Perez and Elizabeth Molina sat down for a round of “Who’s the real CPA?” at the UIUC College of Business. Three professionals stood at the front of an auditorium before an audience of nearly 300 people and answered questions about their personal lives, with audience members trying to guess who was and was not a professional accountant. Questions from the audience touched on professional background, lifestyle, and family... read more

Spring 2017 Special Topics: Corporate Financial Reporting

Students putting together their Spring 2017 schedule should consider some of the college’s special topics courses, which provide intensive study of business topics not regularly covered in the course offerings. In this post, we feature Professor Michael Kirschenheiter's Corporate Financial Reporting course. ACTG 494: Corporate Financial Reporting Since the 2008 crisis, accounting knowledge has become highly valued by executives at all levels. This means that business students are at a... read more

Business Scholars at the Top of Wacker Drive

by Nicole Kaushanski One of the lessons I’m learning as a Business Scholar is that it’s never too early to make introductions at Chicago’s big firms. In the last month and a half, I’ve been introduced around two of the Big Four at their offices on Wacker Drive, and I’ve met people who have given me a much clearer picture of my career path. In late April, just a few weeks before the end of my freshman year, a small group of accounting students visited Deloitte at their downtown office, and a few... read more

From Classroom to Factory Floor: Richard Lekakh's Caterpillar Internship

Four years ago, Richard Lekakh was a freshman at Northeastern Illinois University taking the necessary steps toward a career in education. "I was gearing up to become a schoolteacher," Lekakh says, "and I was looking forward to it. But then, by chance, I took an internship at Water Tower Financial Partners." The glimpse into the business world led him to change gears, and change schools, too.  Fast-forward to the present: Lekakh is going into his senior year at UIC Business, and just returned... read more

From Accounting Club to Accounting Firm

by Geraldine Deliva President, Accounting Club In the coming weeks, I’ll finish my MSA at UIC Liautaud, sit for the CPA exam, and start working downtown at Grant Thornton. Unlike the Big Four, Grant Thornton hasn’t recruited at UIC Business for a while. I met them through the Illinois CPA Society, which I got involved with at UIC Business, but I digress—today I want to tell you about the Accounting Club, and maybe along the way I can explain how it helped me get to where I am now. The Accounting... read more

A Scholar's Path To Tax Accounting

UIC Business Scholars met this morning at a restaurant near campus for their mid-semester check-in, an opportunity for the Scholars to reconnect with their mentoring families and take a break from studying for midterms. Collegiate Association of Business Scholars (CABS) members, upperclassmen and the Assistant Director of the Business Scholars Program were on hand to provide feedback, answer questions and catch up more generally over pizza. The UIC Business blog caught up with senior Scholar... read more

Points for Professional Development at UIC Business

The faculty of the Professional Development Program at UIC Business are here to support all UIC students, whatever their area of specialization. We offer the soft skills that help them stand out among professionals in their fields. Self-awareness, self-control, the ability to work in a team; these elements of professionalism raise students above their peers both in job searches and in the workforce. Our BA 100 and BA 220 Professional Development classes are required for freshmen and sophomores... read more

Latino Association of Business Students Hosts Deloitte

The Latino Association of Business Students (LABS) at UIC Business recently hosted representatives from Deloitte. After the event, LABS member Daisy Espinoza and LABS VP Leticia Esparza took a moment to share their LABS experience with the Business blog. What were your paths to LABS at UIC Business? DE: I’m from the Chicago area. At my previous college, I wasn’t focused on business. But someone there introduced me to the campus accounting club, and it sparked an interest. From that point on, my... read more

UIC Business Scholars Win Start Internships with PwC

After several rounds of interviews, UIC Business Scholars Keenan Jeffrey Artis and Yaritza Velasquez have been awarded PricewaterhouseCoopers Start internships. The Start internship is a three year program; Artis’ and Velasquez’ work for PwC will begin in Summer 2016 and continue through the following two summers. Artis and Velasquez, both freshman at UIC Business, and both double majors in Accounting and IDS, came to the Start internship from very different backgrounds. Velasquez, a graduate of... read more

Meet the Firms with the UIC Business Accounting Club

Each September, the UIC Business Accounting Club invites students and recent graduates of UIC to Meet the Firms, an opportunity to gain an introduction to Chicago’s professional accounting community and to learn about work opportunities in the field. On last Monday, September 21, students and recent alumni spent the afternoon in the Illinois Rooms of Student Center East with over 30 firms from the Chicagoland area, including the Big Four: Deloitte, KPMG, Ernst & Young and PricewaterhouseCoopers. ... read more

Taxes on Scholarships and Grants? That’s Right, Your Scholarships and Grants Are Not Tax-Free

Did you get a scholarship or grant this past year? Did you receive a refund deposited to your bank account after all tuition and fees were paid? If you answered yes to both of those questions, then you should keep reading. Actually, you should keep reading regardless because this is good knowledge to have about taxes, scholarships and grants, and reporting it to the IRS. I did not find out I had to pay taxes on scholarships and grants until after April 15 last year. I had to pay a late penalty... read more

Alumni Success Story: Sonja Brisard, '94 Accounting

Sonja Brisard earned a BS in Accounting from the UIC College of Business Administration and began her career as an associate in the Financial Management Development Program of Navistar, a Fortune 500 company. After successfully completing the development program, she rose through the ranks of Navistar as a financial analyst, a senior financial analyst, finance manager, and director. But when the opportunity came to be her own boss, Sonja took the leap and became a business owner at BookKeeping... read more

2014 Business Alumni Association Graduation Party

Dear Graduating seniors:   Each year the Business Alumni Association throws a party in your honor. This is a great opportunity to say celebrate your achievements! Join several hundred of your classmates and fellow alumni as we honor your hard work toward graduation and introduce you to the Business Alumni Association and how you can remain involved as graduates. This is a free event, but you do need to RSVP  by Monday, May 12. Follow the link for a quick registration. We hope to see you all... read more

Alumni Success Story: Eugene Fula

Eugene Fula, BS - Accounting '13, MS - Accounting '14   Where is your hometown? I moved around a lot when I was little, but I have lived in Orland Park the longest. So, I would consider Orland Park as my hometown. Why did you choose UIC? I didn't want to move too far from home, and really liked that UIC was in the city. As a potential business student, I knew that this could help me out. I didn't know much more about UIC than that, but I talked to a few of my friends that went to the school... read more

Student Success Stories: Luis Alberto Vargas

  Luis Alberto Vargas Class of: 2014 Major: Accounting Company: KPMG Position Title: Audit Intern  How did you obtain your current position? I used the resources provided by the UIC Business Career Center, such as the          UICCareers website and job fair that was held in the spring semester. Through the job fair I was able to meet my recruiter, who encouraged me to apply through the UICCareers and KPMG website. Describe what you will be doing in your new positions? At KPMG, I will be an... read more

On the Path to Success: Holly Sang Ah Lee

Name: Holly (SangAh) Lee     Class of: 2014 Major: Accounting       Email: lee531@uic.edu Entry Level Position Company: Deloitte LLC Title of Position: Audit Assistant   Why did you chose your current position? As an accounting major, I knew I wanted to start my career at a Big Four firm.  This was not because of the general route, but because I knew working at a Big Four would be a tremendous experience that could open the door to numerous possibilities. Deloitte was my first choice because it... read more

If You Struggle With Scholarship Applications, Then Read This

Applying for a UIC Business Scholarship this spring? Did you attend the How to Write an Effective Scholarship workshop? If not, do not worry! Here is a recap: The first thing to know, there are two different scholarships that you can apply for: Accounting Scholarships and General Business Scholarships. Follow this link to find the CBA Scholarship Application:  https://uic.qualtrics.com/SE/?SID=SV_55cN6tkwYtPESsR If you are an accounting major, email mwbryan@uic.edu for the accounting scholarship... read more

Walk in with Confidence, Walk out with a Job at Meet the Firms

How to be successful at a job fair, well luckily, it is not rocket science and a fairly easy thing to do. All you need is a little bit of confidence, a sense of who you are, a thorough understanding of your resume (you wrote it so you should know it), and the ability to talk to an employer. So how do you build all these skills? Well, the best way is to practice whenever and wherever. Firm recruiters are normal people that work for a normal company. Recruiters are no different than the people we... read more

BSA Candidate Shirley Paredes Awarded Illinois CPA Society Scholarship

As classes get underway for the 2015-16 school year, UIC Business students get to work both on their studies and on a variety of involvements at UIC and in the Chicago business community. Last Thursday, we caught up with Shirley Paredes, an undergraduate student in the accounting department. Shirley was recently awarded the ICPAS Accounting Scholarship, which is funded by donations made to the CPA Endowment Fund of Illinois, the society’s charitable partner. The CPA Endowment Fund of Illinois... read more

Be Effective When You Study!

Now that the semester is coming to an end, many of us are gauging our success in our classes. We all want to know how that final is going to help or hurt us. So we sleep little, eat the worst food, and become an emotional mess once when the lovely week of finals comes by. Last semester, however, has taught me an invaluable lesson about studying and time management that actually has allowed me to not feel those terrible symptoms of "end of the semester disease" this semester.  1. I stopped... read more