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 |