Indiana State University

Indiana State University is also featured in our ranking Top 25 Most Affordable Online Bachelor’s in Accounting.

Online Bachelor’s Degree in Accounting from Indiana State University

Indiana State University offers a Bachelor of Science in Accounting that is offered completely online. It provides students with a solid understanding of accounting principles and practices and how they apply to today’s constantly evolving business field. It prepares students to take the Certified Public Accountant (CPA) examination and prepares students to enter careers or pursue advanced educational degrees. The program requires Indiana State University foundational courses, core courses in business and in-depth accounting courses. Students are also able to pair the program with a minor to gain more study on a specific area. Available minors include forensic accounting, finance, risk management, and economics.

The accounting program requires the completion of a total of 120 credit hours and is typically completed in four years. The required accounting courses include financial accounting, cost accounting, accounting systems, introduction to federal income taxation, auditing theory and practice, and advanced federal income taxation. The electives include fraud examination, not-for-profit accounting, occupational fraud, contemporary issues in cost and managerial accounting, business administration and the law, accounting research and analysis, and business computer systems. Students must also complete an accounting internship.

About Indiana State University

Indiana State University is a public institution of higher learning with a 435-acre campus in Terre Haute, Indiana. It was established in 1865 as Indiana State Normal School with the purpose of training future teachers. It granted its first bachelor’s degrees in 1908 and graduate degrees in 1928. It changed its name to Indiana State Teachers College in 1929, Indiana State College in 1961, and it finally became Indiana State University in 1965. Today, the university is home to more than 13,000 students and more than 100,000 students have graduated from Indiana State University. Notable alumni from Indiana State include Larry Bird, Alvy Moore, Phillip Hinkle, Birch Bayh, Mitch Setter, and Tony George.

Indiana State University is committed to offering academically rigorous and affordable education. It incorporates teaching and research to help students grow academically, professionally, and personally. It offers more than 80 undergraduate majors, 75 graduate programs, and over 100 minor, certificate, and licensure programs. It also offers more than 70 programs that can be completed entirely online. The programs are offered through the College of Arts and Sciences, College of Health and Human Services, College of Technology, University College, Bayh College of Education, Scott College of Business, and College of Graduate and Professional Studies. The most popular majors include business, management, engineering, marketing, social sciences, and education. The student to faculty ratio is 21 to one, with 64 percent of classes with less than 30 students and nearly 29 percent with less than 20 students. Indiana State University uses a semester-based academic calendar.

The U.S. News and World Report ranks Indiana State University between number 231 and 300 in its National Universities publication and number 177 in its High School Counselor Rankings publication. Forbes ranks Indiana State University number 162 in the Midwest, 239 in Public Colleges, 250 in Research Universities, and 626 in Top Colleges. Niche ranks Indiana State 31st Best Value College in Indiana, 10th Most Liberal College in Indiana, and 365th Most Diverse College in America.

Indiana State University Accreditation Details

The Higher Learning Commission accredits Indiana State University to grant bachelor’s, master’s, and doctoral degrees.

The Association to Advance Collegiate Schools of Business, AACSB International, accredits the business programs at Indiana State University.

Indiana State University Application Requirements

Indiana State University boasts a less selective acceptance rate, with about 86 percent of applicants gaining admission every year.


• Submit application either online or in-person

• Submit official high school transcripts

• Submit official transcripts from colleges and universities previously attended

• Submit official SAT or ACT scores

• Submit a DD214 form to gain military credit

• Pay the $25 application fee


• Submit online graduate application

• Submit official transcripts from colleges and universities previously attended

• Submit official graduate-level standardized tests, such as GRE, GMAT, and MAT

• Pay the $45 application fee

• Submit additional application materials required by specific programs

Tuition and Financial Aid



• Indiana resident 12-18 credit hours: $8,890 per year

• Indiana resident more than 18 credit hours: $10,334 per year

• Indiana resident up to 12 credit hours: $322 per credit hour

• Non-resident reduced rate 12-18 credit hours: $11,380

• Non-resident reduced rate more than 18 credit hours: $13,228

• Non-resident reduced rate up to 12 credit hours: $412 per credit hour

• Non-resident 12-18 credit hours: $19,636

• Non-resident more than 18 credit hours: $23,216

• Non-resident up to 12 credit hours: $695 per credit hour


• Indiana resident: $412 per credit hour

• Non-resident reduced rate: $527 per credit hour

• Non-resident: $809 per credit hour

Financial Aid

Indiana University offers an array of financial aid options, including scholarships, grants, loans, and work-study.


• President’s Scholarship

• Center for Leadership Development Scholarship

• Gongaware Scholarship

• Rural Health Scholarship

• University Honors Scholarship

• President’s Academic Excellence Scholarship

• Creative and Performing Arts Award

• Academic Excellence Scholarship

• Academic Distinction Scholarship

• Academic Merit Scholarship

• Illinois Achievement Scholarship

• Incentive Scholarship

• Minority Teacher Scholarship

• Mitch Daniels Early Graduation Scholarship

• National Guard Extension Scholarship

• 21st Century Scholars Excellence and Book Voucher Award

• 21st Century Scholars Housing and Book Voucher Award

• Transfer Incentive Scholarship


• Federal Pell Grant

• Federal Supplemental Educational Opportunity Grants (FSEOG)

• Federal TEACH Grant

• ISU Academic Need-Based Grant

• Sycamore Need-Based Grant

• Child of Veteran and Public Safety Officer Supplemental Grant Program

• Indiana National Guard Supplemental Grant

• 21st Century Scholars and Indiana Higher Education Award


• Federal Subsidized Direct Loan

• Federal Unsubsidized Direct Loan

• Federal PLUS Loan

• Federal Graduate PLUS Loan

• Federal Perkins Loan

Work Study

The Federal Work-Study program is a federally funded student employment program. It is available to students who demonstrate financial need. Students must be enrolled in at least six credit hours in an undergraduate or graduate program. Students work part-time to earn money to help pay for college-related expenses. The pay is at least minimum wage, but differs by employer, job duties, and student qualifications.

Upon completion of the online bachelor’s accounting program, students possess valuable skills, including communication and interpersonal, critical thinking, and leadership abilities. Graduates of an online Bachelor of Science in Accounting from Indiana State University are prepared for a variety of careers in an array of areas including public accounting, corporate accounting, government and non-profit accounting, and education.