Accounting

A Chance to Change Someone's Life

  Al Heller ’75 Accounting, Operating Partner for Water Street Healthcare Partners, LLC Keeping the family tradition alive, and because it was most affordable, Al Heller (BS Accounting ’75) followed in his brothers’ footsteps and attended The University of Illinois at Chicago (UIC) for his undergraduate degree. Al wanted to be sure he received a “top notch” accounting education, which UIC was able to provide. Al earned his degree in accounting at the College of Business Administration while... read more

Oh, the Places You'll Go!

The study abroad application deadline for Spring 2018 is October 27! We talked with the Study Abroad Office about the opportunities available to UIC Business students and the information you should know as you decide to apply.     Academics The highly motivated students at UIC Business are often understandably nervous to miss a semester of classes on campus. It’s important to know that studying abroad does not extend your graduation date. In fact, UIC students who study abroad have, on average,... read more

Q&A with Dean Michael Mikhail

In 2012, Michael Mikhail joined UIC as Dean of the College of Business. In five years, he’s launched programs such as iLEAD — the Institute for Leadership Excellence and Development -- the renowned Business Scholars program, increased enrollment, and improved student outcomes. We sat down with Dean Mikhail to hear his thoughts on the past five years and learn what he looks forward to accomplishing in the future. Q: You just underwent UIC’s five-year assessment process with rave reviews. What has... read more

Social Media Recap: September 2017

Be sure to follow UIC Business on social media to stay up to date on upcoming events campus activities, business news, and fun things going on around Chicago: Instagram: @UICBusiness Twitter: @CBAatUIC Facebook Page: UIC Business  We started the Fall 2017 semester with a busy and productive month. Let’s take a look back at some highlights with our September social media recap. It’s hard to say goodbye to a carefree summer schedule when classes start.  This year’s Student Org Networking Night... read more

Quick Prep Tips for the Fall 2017 Business Career Fair

The Business Career Fair takes place on September 18 from 11:00 a.m. to 2:00 p.m. in Student Center East Illinois Rooms.  When preparing to make the most of your time with employers, ask yourself these three key questions. 1.) How will I prioritize the employers that I want to talk to? Look at the list of employers that will be at the fair the week before. There will not be time to speak to everyone, so rather than wandering around the room looking for a short line or a company name that you... read more

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