Accounting Challenge
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Last Updated: Oct 10, 2024, 03:36 PM
SoA Annual Accounting Challenge
The School of Accountancy (SoA) has held the Accounting Challenge annually since 1998. Each year hundreds of high school and community college students come to the SIU campus to compete individually in an accounting academic challenge and as a team in team building competition(s). The students have the opportunity to earn scholarships, team trophies, bragging rights, and other prizes. This is a great opportunity for high school and community college students to showcase their accounting and teamwork skills, interact with SIU accounting students, faculty, and staff, and meet students from other high schools and community colleges.
The Accounting Challenge is sponsored by the SoA and the Accounting Circle. Thanks to our supporting donors and alumni, we are able to offer this as a free event.
The Accounting Challenge is made possible by our amazing accounting student volunteers. A committee of students work together during the fall and spring semesters to help organize and plan the Accounting Challenge. On the day of the event, a large number of our accounting student body volunteer their day to help make the event a success.
The School of Accountancy Accounting Challenge is held annually in February.
The 26th Annual Accounting Challenge, co-sponsored by State Farm, will be held Friday, February 2, 2024, with a weather date of Friday, March 8, 2024.
Student Registration
School Contact Registration
This year we will have a t-shirt design contest for the participants! The deadline to submit t-shirt designs is 11:59 pm on Friday, November 17, 2023.
Submit your design
Those who register before 11:59 pm on Friday, January 5, 2024, will receive a free event t-shirt.
Last day to register for the event is Monday, January 29, 2024. Last day to submit team registrations is Tuesday, January 30, 2024.
If you have any questions or for more information, please email us at accountingchallenge@siu.edu.
2023 Accounting Challenge
The Competitions
The Accounting Challenge is comprised of two competitions: one is an accounting written exam and the other is a team-building competition. Students will take an accounting written exam to compete for scholarships to the SIU School of Accountancy. Once a teacher registers for the event, they will receive a study guide for the written exam. From pre-assigned teams of four students (assigned by the high school/community college teacher), the students will compete as a team in fun, team-building activities for a team trophy. These activities are different each year and are designed by an emeritus SIU School of Art and Design faculty member.
Accounting 1 Written Exam
Students will complete this exam individually. It is for high school students who may have only had one accounting class or are currently enrolled in their first accounting class. It consists of accounting fundamentals including: terminology, accounting cycle, journal entries, depreciation, inventory, receivables, etc. It is 50 questions comprised of multiple choice and true/false questions.
Accounting 2 Written Exam
Students will complete this exam individually. It is for high school students who have completed at least one accounting class. This exam consists of the same information as the Accounting 1 material but with more in-depth and advanced questions. It is a 50-question exam comprised of multiple choice and true/false questions.
Community College Written Exam
Students will complete this exam individually. It is for community college students. This exam consists of the same information as the Accounting 2 material but with more in-depth and advanced questions. It is a 50-question exam comprised of multiple choice and true/false questions.
Team Building Competition
Students will compete in a team of four (pre-assigned by their teacher). If a team does not have four students, accommodations will be made. Dr. Larry Busch creates these exciting and stimulating activities encouraging the teams to work together to win the team trophies.
Scholarship Awards and Prices
General Schedule of Events
9:15 am - 9:30 am > Welcome
9:30 am - 10:20 am > Academic Competition
10:20 am - 11:50 am > Team Building Competition
11:50 am - 12:10 pm > Student Panel
12:10 pm - 12:45 pm > Lunch
12:45 pm - 1:00 pm > Awards Ceremony