This July, CMU’s College of Business Administration and The School of Accounting achieved extension from the AACSB International - one of only 190 institutions worldwide with dual business and accounting accreditation. Your support will help continue this legacy of success for alumni, students, and faculty.
The School of Accounting 50th Anniversary Fund
The School of Accounting 50th Fund will answer the need of Accounting Majors, many of whom have been impacted due to Covid-19. Any gifts provided through the calendar year will be granted to qualified students (based on need and available funds) as scholarships beginning January 2021. Additional tuition support will free up other resources students may need to complete their studies, reduce college loan debt or resources needed for housing, food, and costs related to internship and job search. Awards will be provided through the Office of Scholarship and Financial Aid.
- Signed Accounting Major
- Demonstrate need, based on FAFSA filing
- Must have completed 9 hours of accounting coursework at the time of application
- Minimum GPA of 3.0, both overall and in accounting coursework
The School of Accounting Endowed Fund
The School of Accounting Endowed Fund will provide long-term support to bolster both faculty and students. Some of the ways this fund is used include:
- Scholarships that are not endowed or directly donor funded
- Support for Beta Alpha Psi and Student Accounting Society
- Equipment and software acquisition
- Faculty development – Support for faculty to attend conferences for professional development and maintenance of professional certificates
- Some of the costs incurred for AACSB Accreditation
- Support for faculty research
History of Accounting at CMU
1892 - 1949
- Central Michigan University opened its doors on September 13, 1892 as Central Michigan Normal School and Business Institute. Arithmetic courses were offered to help prepare teachers for rural schools. The curriculum focused on calculations the farmers would need to make in their everyday lives, including some forms of accounting.
- CMU offered accounting courses for the first time in 1919. These classes covered all ordinary business forms and transactions.
- Starting in 1938, pre-professional courses in business administration and commerce (accounting) were offered by CMU. A two-year general business training course would be added in 1946.
1950 - 1969
- Accounting officially became a major at CMU in the early 1950s.
- The School of Business Administration was founded on June 1, 1959. It would later be renamed as the College of Business Administration in 1994.
- Grawn Hall became the new home of the School of Business Administration in the fall of 1966. The school had previously been housed in Smith Hall for six years.
1970 - 1979
- The Department of Accounting became the first academic department in the School of Business Administration in 1970. It would later be renamed as the School of Accounting in 1994.
Long time and popular professors, Dr. James Damitio and
Dr. Thomas Weirich were hired as accounting instructors in 1970. Dr. Weirich continues to teach auditing and forensic accounting courses today.
- The legendary
Dr. Leonard Plachta was hired as a Professor of Business in 1972. He would later serve as Dean of the College of Business Administration. In 1994, Dr. Plachta was appointed to President of Central Michigan University after two years of serving as Interim President.
1980 - 2009
- CMU’s first application for
AACSB accreditation was originally denied in 1982. Rather than begin the accreditation process over, Dean Leonard Plachta appealed the decision. CMU’s School of Business Administration received its initial AACSB accreditation on appeal in 1983, becoming one of the few schools to do so.
- In 1989, CMU’s Department of Accounting became the second accounting program in the state of Michigan to be accredited by
- The Accounting Information Systems major was developed in 1993. During Y2K, employers expanded the hiring of information systems graduates and greatly reduced hiring of accounting graduates. The blending of both programs would prepare graduates for careers in the new millennium.
2010 - 2020
In June 2020, the College of Business Administration and the School of Accounting had their
AACSB accredited status extended through 2025.