Beta Alpha PsiI is a national scholastic and professional
fraternity for Financial Information students and professionals. The primary
objective of the fraternity is to encourage and give recognition to scholastic
and professional excellence in the business information field. This includes
promoting the study and practice of accounting, finance and information
systems; providing opportunities for self-development, service and association
among members and practicing professionals, and encouraging a sense of ethical,
social, and public responsibility.
Beta Alpha Psi was founded in 1919. By 2002 there were nearly 238 chapters on
college and university campuses with over 200,000 members initiated since the
Membership in Beta Alpha Psi includes those persons of good
moral character who have achieved scholastic and/or professional excellence in
the fields of accounting, finance, or information systems, who have been
initiated by an existing chapter and who remain in good standing.
Minimum scholastic requirements for undergraduate membership are set forth in
the national by-laws. Graduate student initiates must have been accepted and
matriculated into a masters degree level program. Individual chapters may
establish higher admission criteria.
Beta Alpha Psi is governed by a constitution and bylaws. The
governing body is the Board of Directors. The Board consists of eleven
financial information professionals or professors of Accounting, Finance or
Information Systems, the chairman of the National Advisory Forum, and two
alumni representatives. The alumni representatives are chosen from recent
graduates who were active in Beta Alpha Psi chapters.
A National Advisory Forum is comprised of prominent professionals who are
active in professional service and consulting firms, industry, and government.
The members serve three-year terms. The Forum provides the Board of Directors
external advice and assistance in both regular operations and special projects
of the fraternity.
The International Chapter is comprised of all Faculty
Advisors, student presidents, and past and present officers of Beta Alpha Psi.
This body holds an annual meeting and banquet in August and provides advice and
assistance to the Board of Directors.
A local chapter is comprised of student and faculty members at each school.
Student officers guide the chapter's operations and activities, supervised by
the Faculty Advisors.
Beta Alpha Psi is a tax-exempt organization under Section 501(c)(3) of the
Internal Revenue Code. Contributions to Beta Alpha Psi and its local chapters
Beta Alpha Psi gains a portion of its annual budget from a
charter maintenance fee and a one-time initiation fee. Although there is other
minor revenue from royalties and interest on investments, the bulk of the
receipts come from contributions from industry, consulting and professional
In 1982, the Associates Program was initiated. Through the Associates,
industrial, consulting and professional service firms contribute to Beta Alpha
The Board establishes a program for chapter activities to
serve as a guide and incentive for chapter competition. The goal of chapter
activities is to involve all members fully in chapter affairs. Successful chapter operations requires participation by most members in attending meetings, serving on committees, participating in activities, and striving for academic excellence.
All chapters are evaluated annually on their service to members, campus,
community, and profession. Superior chapters are recognized each year at the
fraternity's international meeting.
Chapter activities are divided into categories according to: plan of activities
and budget, initiations, professional programs, involvement in campus and
professional activities, community service, and annual year-end report.
Activities include speeches and panel discussions by students, faculty and
professionals; field trips; business meetings; and a wide variety of
professional, social, and service activities.
Employers of accounting students are totally familiar with Beta Alpha Psi and
its activities. It is understood that Beta Alpha Psi represents excellence and
that its activities are designed to supplement a student's education.
The activities of student members include: attendance at chapter meetings, socials, and recruiting events, participation
in an international student seminar or graduate case seminar, attendance at
regional meetings, development chapter notes for the Newsletter, and attendance
and participation at the annual meeting.