This honorary accounting fraternity has 115 chapters nationally. The Upsilon Chapter of the University of Florida was the 18th chapter to be founded (in 1938). Beta Alpha Psi accepts applications for memberships every semester.

Membership requirements include high ethical standards and a minimum grade point average. Scholastic requirements in Beta Alpha Psi include:

Undergraduate:

1. Completion of at least 7 hours of upper-division (i.e., 3000 level or above) accounting courses at the University of Florida with a cumulative 3.2 average in these courses.
2. A 3.0 cumulative average for all work completed in upper-division courses at the University of Florida.

Graduate:

For purposes of Beta Alpha Psi membership, a graduate student is defined as a student who has completed at least one 5000 level or higher accounting course.

1. A 3.1 cumulative average in accounting courses (i.e., 3000 level or above) completed at the University of Florida.
2. A 3.0 cumulative average for all work completed in upper-division courses at the University of Florida.

An active professional program is conducted by Beta Alpha Psi each year including guest speakers, panel discussions, field trips, and other activities designed to promote professional awareness. Beta Alpha Psi co-sponsors the University of Florida/Florida Institute of CPAs Graduate Accounting Conference which attracts annually more than 200 accounting practitioners.