About - Beta Alpha Psi

 

Long Island University: Beta Alpha Psi – Kappa Omicron Chapter

Overview of Purpose, Membership, and Requirements

Beta Alpha Psi (BAP) is honorary organization for financial information professionals, founded in 1919, with chapters on more than two hundred and sixty campuses. Its membership includes many prominent professionals in professional service and consulting firms, industry, government, and education. Membership in BAP is limited to students majoring in accounting, finance, or information systems, faculty in those disciplines, and alumni and honorary members who meet the requirements of the Bylaws.

The purposes of BAP include:

  • recognition of outstanding academic achievements in the fields of accounting, finance, and information systems;
  • promotion of the study and practice of professional fields related to these disciplines;
  • provision of opportunities for self-development and association among members and practicing business professionals;
  • encouragement of a sense of ethical, social, and public responsibilities.

Long Island University’s Chapter: After a 2 ˝ year petition process, Long Island University was successful in establishing its own BAP chapter (Kappa Omicron). For four consecutive years, Long Island University’s Chapter has earned SUPERIOR STATUS; this is the highest honor BAP national bestows upon a chapter. It is a testament to the Chapter’s exceptional completion of the BAP’s national requirements.

Chapter Requirements: The goal of chapter activities is to involve all members fully in chapter affairs. Successful chapter operation requires participation by most members in attending meetings, serving on committees, participating in activities, and striving for academic excellence. Chapter requirements differ according to the chapter’s desired achievement level: mission based, distinguished, or superior.

National Regional Activities: All chapters must participate in national/regional activities during the year. National/Regional activities include:

    Annual Meeting Attendance Presentation at Annual Meeting
    Annual Community Service Day Presentation at Regional Meeting
    Regional Meeting Attendance Second Initiation
    Regional Leadership Conference Formalized Alumni Activity
    Promoting careers in accounting/finance/
    information systems
    Minority recruitment
    Nomination for Alumni Representative on Board of Directors Nomination for BAP Professional
    of the Year
    Activity with another BAP chapter  

Professional Activities: All chapters, regardless of achievement level, must report at professional activities during the year that meet the following requirements: 1. at least 25% of the active members/pledges for the month attend the event, and 2. the event must be at least 1 hour (50 minutes) in duration. Number of professional activities is contingent upon chapter achievement level.

Examples of Professional Meeting Topics/Activities

Audit of chapter financial statements Improving communication skills Business practice in (name of country)
E-commerce Developing leadership skills Time management
Ethics Stress management International accounting
The paperless audit Marketing business services Professional liability
Internet for financial information research Comparing different career paths Management of accounting / consulting practice
Analyzing financial statements Derivatives and other financial instruments Advantages of graduate education
Use of computer software Fraud detection Deregulation
New tax law Investments Implementing new systems
Off balance sheet risk Going public (IPOs) Internships
Etiquette Resumes Dress for success
Corporate finance Systems development Creating a web page
Forensic accounting Not-for-profit accounting Interviewing skills

Service Activities: all chapters, regardless of achievement level, must report service activities during the year that meets the following requirements: 1. Participation by at least 25% of the active members/pledges for the month, and 2. the activity must be at least 1 hour (50 minutes) in duration. Number of service activities is contingent upon chapter achievement level.

Examples of Service Activities

Volunteer Income Tax Assistance Recordings for the Blind
Habitat for Humanity Junior Achievement
Big Brothers/Big Sisters University telethons
Fund raising projects for charity Adopt-a-highway, Adopt-a-trail, Adopt-a-family
Food drives Blood drives
Service activities sponsored by religious organization Coaching youth teams
Walk-a-thons, bowl-a-thons, etc. Assisting the Career Placement Office with a Career Fair
Proctoring exams for department (for example, proctoring a common final at the end of the semester, not proctoring an exam for an individual professor)
Host Annual Meeting, Community Service Day, Regional Meeting or Leadership Conference *
Host National Student Seminar or Graduate Case Seminar*
Tutoring sessions - group, e-mail, or one on one - without monetary compensation.
Consultation with campus or off-campus organizations about tax matters, bookkeeping, information systems, or other work of a technical nature
Mentoring of other chapters
Create/update chapter web page