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APLG/FSA Annual Meeting

February 11, 2013

Jon Davis

University of Illinois

and

and Jerry Trapnell

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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 businessand accounting reviews

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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 Seminarto initiate dialogue

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Timetable Toward April2013

Jan. 16Distribution of revised, updatedstandards to Working Group

Jan. 19Exposure draft released to AACSB

membership and public Jan. 23-25AACSB Deans Conference

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

April 8Vote by Accreditation Council March - December 2013Committee, PRT and

mentor training

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Working Group Charge andStatus

Comprehensive review of:

Accreditation standards and eligibility criteriaCompleted

Accreditation processes and related organizationalstructureOn-going

Accreditation support servicesOn-going

Items 2 & 3On-going responsibility will be

turned over to the Accreditation QualityCommittee

Working Group sunsets May 15, 2013

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Reduces 15 acct standards to 10

Incorporates 9 applicable business standardsinto 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

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Focuses on supporting the evolution of accounting as alearned profession

Recognizes the importance of student outcomes on

professional examinations for licensure where missionincludes this focus

Aligns well with the Pathways Commission Report

recommendations on faculty and student professionalengagement and interactions, enhanced curricula

content on technology, and faculty credentials reflecting

the profession

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Whats Changed contd

Standard A1 identifies the business standards theaccounting academic unit must meet as part ofbusiness accreditation. Reporting only if uniquefacts to be shared.

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

Standards A7, A8, and A9 unique accountingstandards on curricula, IT expectations, andfaculty professional experience and credentials

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Continues this theme from

the business standardsexposure draft

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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 MembershipCriteria 5: Oversight, Sustainability, and Continuous Improvement

Criteria 6: Policy on Continued Adherence to Standards and

Integrity of Submissions to AACSB

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Section 2: Standards for

Accounting Accreditation

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Std A1Applicable Business Standards

Standard 4Student Admissions, Progression,

and Career Development

Standard 6Faculty Management and Support

Standard 7Professional Staff Sufficiency and

Deployment

Standard 9Curricula Content (for business)

Standard 10Student-Faculty Interactions

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Std A1 ContdApplicable Business Standards Contd

Standard 11Degree Program Educational Level,

Structure, and Equivalence

Standard 12Teaching Effectiveness

Standard 13 - Student Academic and Professional

Engagement Standard 14Executive Education

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Accounting-Business Stds Links

Std A2 (Mission, etc)

Std A3 (Intellectual

Contributions)

Std A4 (FinancialStrategies, 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)

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Accounting-Business Stds Links

Std A7 (Acct CurriculaContent)

Std A8 (Acct InfoTechnology Outcomes)

Std A9 (FacultyProfessional Experienceand Credentials)

Std A10 (Acct FacultyQualifications,Engagement/ProfessionalInteractions)

None (Structured like Std.9)

None

None

Std 15 (FacultyQualifications and

Engagement)

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Accounting Mission, Impact, and

Innovation

Deepening our understanding of mission

Strategic Management and Innovation

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Accounting Intellectual

Contributions and

Alignment with Mission

Beyond counting: valuing the impact and

quality of scholarship

Strategic Management and Innovation

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Accounting Financial Strategies

and

Allocation of ResourcesFinancial strategies to sustain

quality and innovation

Strategic Management and Innovation

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Standard A5:

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Accounting Faculty Sufficiency andDeploymentEnsuring an appropriate level of engaged faculty

Participants: Students, Faculty, and Professional Staff

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Standards A6-A8:

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Accounting Curricula Management

and Assurance of LearningGiving context to Assurance of Learning

Learning and Teaching

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Accounting Curricula ContentFostering innovation with flexible guidance

and clarified expectations

Learning and Teaching

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Std A8

Accounting Related InformationTechnology Outcomes

Addressing emerging demands for enhanced

understanding of technological impact

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Standards A9-A10:

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Std A9

Accounting Faculty Professional

Experience and Credentials

Linking accounting faculty to the accounting

profession

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Accounting Faculty Qualifications

and Engagement/Professional

Interactions

Elevating scholarship and developing

intersections between theory and practice

Academic and Professional Engagement

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Timeframe from this Point

By February 20, 2013, finalize draft based oninput from this meeting and other input fromthe AACSB constituency

Obtain Accounting Standards Working GroupApproval and final approval by AACSB Boardof Directors

Issue official notice of vote with final versionsof business and accounting standards withvoting directions

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Questions and

Comments