[3] Beta Alpha Psi encourages and recognizes scholastic and professional excellence in the business information field, promotes the study and practice of accounting, finance, and information systems, and provides opportunities for self-development, service and association among members and practicing professionals.

This designation in business encouraged a greater focus on accounting and commerce knowledge, and Beta Alpha Psi was formed in 1919 to promote the CPA rank on college campuses.

Beta Alpha Psi's beginnings relate to Hiram Scovill, an accounting professor at the University of Illinois.

The organization was founded on the principles of scholarship, practicality, and sociability, and its initial objective was to stimulate cooperation and interest in accounting.

In the original constitution for the University of Illinois chapter, the initiation fee was $10 and dues were an additional $2 per semester.

[4] Beta Alpha Psi's logo consists of three different aspects: the emblem, the rising sun, and the crossed keys.

The crossed keys symbolize the knowledge Beta Alpha Psi provides that will unlock the doors for the financial world.

The Greek letters Beta Alpha Psi represent scholarship, social responsibility, and practicality respectively.

The Partners provide the Board of Directors independent, external advice on and assistance in the organization's routine operations and special projects.

The International Chapter comprises all faculty advisors, student presidents, and past and present members of Beta Alpha Psi.