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Overview of AACSB Proposed Accounting Accreditation Standards-An Update. APLG/FSA Annual Meeting February 11, 2013 Jon Davis University of Illinois and and Jerry Trapnell AACSB International. Accounting Standards Working Group.

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Overview of AACSB Proposed

Accounting Accreditation

Standards-An Update

  • APLG/FSA Annual Meeting

  • February 11, 2013

  • Jon Davis

  • University of Illinois

  • and

  • and Jerry Trapnell

  • AACSB International

Accounting standards working group
Accounting Standards Working Group

  • Two members from BRC (Jan Williams and George Krull) and involvement with Pathways Commission

  • Current chair and vice-chair of AAC (Jon Davis and Ray Whittington)

  • Past chair of AAC (Jan Williams)

  • Current and past members of AAC (George Krull, Mary Stone, and Dick Dietrich)

  • Wealth of peer review experience with business and accounting reviews

Input process
Input Process

  • Relied on work of BRC

  • Pathways Commission report issued in August 2012

  • Presentation at 2012 AAA meeting

  • Discussions at AAC meetings

  • Discussions at 2012 APLG/FSA Annual Seminar to initiate dialogue

Timetable toward april 2013
Timetable Toward April 2013

  • Jan. 16 – Distribution of revised, updated standards to Working Group

  • Jan. 19 – Exposure draft released to AACSB membership and public

  • Jan. 23-25 – AACSB Deans Conference

  • Feb. 9-11 – APLG/FSA Presentations on Acct Stds

  • April 8 – Vote by Accreditation Council

  • March - December 2013 – Committee, PRT and mentor training

Working group charge and status
Working Group Charge and Status

  • Comprehensive review of:

    • Accreditation standards and eligibility criteria – Completed

    • Accreditation processes and related organizational structure – On-going

    • Accreditation support services – On-going

  • Items 2 & 3 – On-going responsibility will be turned over to the Accreditation Quality Committee

  • Working Group sunsets May 15, 2013

The standards
The Standards

  • Reduces 15 acct standards to 10

  • Incorporates 9 applicable business standards into one standard (A1) but focuses only on incremental, unique reporting if necessary

  • Focus is on unique attributes of quality and continuous improvement for accounting academic units

  • Follows same structure as the business standards

What s changed
What’s Changed…

  • Focuses on supporting the evolution of accounting as a learned profession

  • Recognizes the importance of student outcomes on professional examinations for licensure where mission includes this focus

  • Aligns well with the Pathways Commission Report recommendations on faculty and student professional engagement and interactions, enhanced curricula content on technology, and faculty credentials reflecting the profession

What s changed cont d
What’s Changed cont’d

  • Standard A1 identifies the business standards the accounting academic unit must meet as part of business accreditation. Reporting only if unique facts to be shared.

  • Standards A2, A3, A4, A5, A6, A10 follow business standards but require acct units to report in depth. Some unique expectations added

  • Standards A7, A8, and A9 unique accounting standards on curricula, IT expectations, and faculty professional experience and credentials

Recognizing high quality and continuous improvement through
Recognizing high-quality and continuous improvement through:

  • Continues this theme from the business standards exposure draft

Section 1 eligibility criteria same as business criteria
Section 1 Eligibility Criteria(Same as Business Criteria)

Demonstrating commitment to core values and Guiding Principles

Criteria 1:Ethical Behavior

Criteria 2: Collegiate Setting

Criteria 3:Commitment to Corporate Social Responsibility

Setting and framing the foundation for review.

Criteria 4: Accreditation Scope and AACSB Membership

Criteria 5: Oversight, Sustainability, and Continuous Improvement

Criteria 6: Policy on Continued Adherence to Standards and Integrity of Submissions to AACSB

Std a1
Std A1

Applicable Business Standards

  • Standard 4 – Student Admissions, Progression, and Career Development

  • Standard 6 – Faculty Management and Support

  • Standard 7 – Professional Staff Sufficiency and Deployment

  • Standard 9 – Curricula Content (for business)

  • Standard 10 – Student-Faculty Interactions

Std a1 cont d
Std A1 Cont’d

Applicable Business Standards Cont’d

  • Standard 11 – Degree Program Educational Level, Structure, and Equivalence

  • Standard 12 – Teaching Effectiveness

  • Standard 13 - Student Academic and Professional Engagement

  • Standard 14 – Executive Education

Accounting business stds links
Accounting-Business Stds Links

Std A2 (Mission, etc)

Std A3 (Intellectual Contributions)

Std A4 (Financial Strategies, etc.)

Std A5 (Faculty sufficiency)

Std A6 (Curricula Mgt)

Std 1 (Mission)

Std 2 (Intellectual Contributions)

Std 3 (Financial Strategies, etc.)

Std 5 (Faculty Sufficiency)

Std. 8 (Curricula Mgt)

Accounting business stds links1
Accounting-Business Stds Links

None (Structured like Std. 9)



Std 15 (Faculty Qualifications and Engagement)

Std A7 (Acct Curricula Content)

Std A8 (Acct Info Technology Outcomes)

Std A9 (Faculty Professional Experience and Credentials)

Std A10 (Acct Faculty Qualifications, Engagement/Professional Interactions)

Accounting mission impact and innovation

Std A2

Accounting Mission, Impact, and Innovation

Deepening our understanding of mission

Strategic Management and Innovation

Accounting intellectual contributions and alignment with mission

Std A3

Accounting Intellectual Contributions and Alignment with Mission

Beyond counting: valuing the impact and quality of scholarship

Strategic Management and Innovation

Accounting financial strategies and allocation of resources

Std A4

Accounting Financial Strategies and Allocation of Resources

Financial strategies to sustain quality and innovation

Strategic Management and Innovation

Accounting faculty sufficiency and deployment ensuring an appropriate level of engaged faculty

Std A5 Staff

Accounting Faculty Sufficiency and DeploymentEnsuring an appropriate level of engaged faculty

Participants: Students, Faculty, and Professional Staff

Learning and teaching
Learning and Teaching Staff

  • Standards A6-A8:

Accounting curricula management and assurance of learning

Std A6 Staff

Accounting Curricula Management and Assurance of Learning

Giving context to Assurance of Learning

Learning and Teaching

Accounting curricula content

Std A7 Staff

Accounting Curricula Content

Fostering innovation with flexible guidance and clarified expectations

Learning and Teaching

Std a8
Std A8 Staff

Accounting Related Information

Technology Outcomes

Addressing emerging demands for enhanced understanding of technological impact

Accounting academic and professional engagement
Accounting Academic Staffand Professional Engagement

  • Standards A9-A10:

Std a9
Std A9 Staff

Accounting Faculty Professional Experience and Credentials

Linking accounting faculty to the accounting profession

Accounting faculty qualifications and engagement professional interactions
Accounting Faculty Qualifications and Engagement/Professional Interactions

Std A10

Elevating scholarship and developing intersections between theory and practice

Academic and Professional Engagement

SA + PA + SP + IP ≥ 90 percent Engagement/Professional Interactions

SA + PA + SP ≥ 60 percent

SA ≥ 40 percent

Timeframe from this point
Timeframe from this Point Engagement/Professional Interactions

  • By February 20, 2013, finalize draft based on input from this meeting and other input from the AACSB constituency

  • Obtain Accounting Standards Working Group Approval and final approval by AACSB Board of Directors

  • Issue official notice of vote with final versions of business and accounting standards with voting directions

Questions and Comments Engagement/Professional Interactions