What is Beta Alpha Psi?

Why Beta Alpha Psi? from Beta Alpha Psi on Vimeo.

BETA ALPHA PSI is an honorary organization for Financial Information students and professionals. The primary objective of Beta Alpha Psi 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.

The first chapter of Beta Alpha Psi was founded in 1919. There are approximately 300 chapters on college and university campuses throughout the world.

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

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.

Theta Phi Chapter

Theta Phi Chapter was installed at Western Washington University in 1996. The chapter has over fifty active members and candidates. The chapter is governed by a group of elected officers, who collectively form an Executive Committee.

Since its formation, the Theta Phi Chapter has been recognized each year as a Superior Chapter by Beta Alpha Psi International. This recognition is based on the active participation of the chapter’s membership in professional and service activities. Chapter members are regular participants and frequent award winners at regional and national meetings of Beta Alpha Psi.

Click here for our Chapter’s ByLaws.

What We Stand For

Beta represents Scholarship. We are, first and foremost, students who are either studying accounting, finance, or MIS as undergraduates, or pursuing a Masters in Business Administration.

Alpha represents Social Responsibility. Our members commit themselves to performing a substantial amount of service to the university, to the community, and to the chapter. We staff a tutorial center in Parks Hall, to provide assistance to students enrolled in ACCT 240, ACCT 245, and ACCT 341. Many of our members also participate in VITA, a program that provides free income tax assistance to the community. We also organize several service events each quarter to assist community organizations such as Habitat for Humanity, Blue Skies for Children, and the Bellingham Food Bank. Every year, our members perform over 1,300 hours of service.

Psi represents Practicality. As students who aspire to become members of the accounting profession, we seek to learn more about the profession and to regularly interact with accounting professionals. In addition to their service commitment, our members promise to participate regularly in professional activities. This includes weekly meetings (at least six per quarter) which are devoted to professional topics and many of which are hosted by accounting professionals, invitations to career days at accounting firms in Bellingham and in Seattle, our regular Meet the Professionals night held in early October in Seattle, and our Spring Banquet in May. Every year, our members participate in over 1,500 hours of professional activities.