swot analysis of ais

Appendix 1 - Department of Accounting SWOT Analysis

Department of Accounting Meeting Minutes 1:00PM – 3:30 PM February 28, 2007

Revised April 20, 2007 by AAC

Otto Martinson led the department in a “SWOT” analysis that resulted in the following list of Strengths, Weaknesses, Opportunities, and Threats:

Strengths • Dedicated Hard Working Faculty • High Quality Faculty in terms of teaching/research/practice • Wide range of faculty expertise • Relatively newly renovated Buildings • Mediated Classrooms • Hampton Roads Metropolitan Areas – good climate, high quality of life/family

friendly, diverse populations • Strong relationships with alumni • Good relationships with Firms based in this Metropolitan area • Diverse student population • Accounting Accreditation • Accounting Student clubs – Beta Alpha Psi and Managerial Accounting and

Auditing Club

Weaknesses • University Admissions standards • Lack of separate College/Department Admissions standards • Lack of endowed chairs • PQ/AQ coverage • Accounting faculty are thinly spread to cover courses • Sufficiency of faculty particularly the lack of a bone fide academic tax researcher • Relatively low faculty salaries • Lack of a wider offering of graduate tax classes • Distance learning in terms of benefits received versus resources expended • Lack of some research databases • Lack of true qualified research assistants who can truly assist faculty in

completing Accounting Academic research.

Opportunities • Graduate program • Former military students • CPA review course • Graduate admission for professionals (waive GMAT requirement)

• Opportunity of research • Executive program/education • Hire additional AQ faculty particularly in Tax • Develop Tax courses/curriculum in MSA program • Fund raising/endorsements • Faculty internships

Threats

• Maintaining adequate PQ/AQ ratio • Research support particularly as it relates to graduate assistants. • Faculty eligible for retirement. • Distance learning ED terms of lack of rewards/penalties • Maintaining or improving student quality • Asynchronous programs • Regulators-NASBA • Maintaining information technology to support our mission • State funding relative other state located universities • Majority of students don't want to leave Hampton Road to pursue better career

opportunities in other Metro areas. • Hampton Roads metropolitan area does not offer the opportunities for

professional careers that other metropolitan areas such as Richmond, Washington, D.C., or Charlotte offers.

Appendix 2 - Department of Accounting Strategic Plan

College of Business and Public Administration

Department of Accounting

STRATEGIC PLAN

(2007-2012)

April 2005 Revised November 2005

Revised April 2007

VISION STATEMENT Our vision is to be recognized as a leader in professional accounting education and to become one of the primary centers of excellence in education in Hampton Roads and beyond.

MISSION STATEMENT Our mission within this vision is, through our teaching, research and service, to produce ethical accounting graduates who have the academic and professional base of knowledge to meet the challenges posed by a dynamic global business environment.

ACHIEVING OUR VISION AND MISSION

We will achieve our vision and mission by continually pursuing:

• An undergraduate curriculum that focuses on ideal knowledge, skills, and abilities for entry level accountants and provides motivation to become an accounting professional.

• Graduate programs that clearly extend the knowledge and enhance the development

of professional accountants.

• Accounting courses with content that emphasize the highest level of professional ethics and practice.

• Meaningful intellectual contributions in accounting including the scholarship of

learning and pedagogical, discipline based and contributions to practice.

• Continuous close communication, trust, and commitment to the accounting profession that will foster cooperation and support in achieving our goals.

• As we seek to fulfill this vision, we ask all constituent groups within and outside the

College to join us in a mutual quest for enduring “Partners for Excellence in Accounting Education”

SHARED VALUES The following “Shared Values” are embodied in the Accounting Program’s Mission Statement: • Appreciation of diversity of people and perspectives

• Commitment to excellence in teaching

• Concern for students

• High ethical values and behavior

• Intellectual curiosity

• Community outreach

• Global orientation

Strategic Planning Committee

• Dr. Otto Martinson, Chairperson, Professor

• Dr. Douglas Ziegenfuss, Professor

• Dr. Laurie Henry, Associate Professor

• Timothy McKee, Associate Professor

• Dr. Chansog Kim, Associate Professor

• Dr. Mike Stein, Associate Professor

• Dr. Robert Pinsker, Assistant Professor

• Dr. Yin Xu, Assistant Professor

GOALS and ACTION ITEMS TABLE

PERSPECTIVES GOAL NUMBER

GOAL ACTION ITEM NUMBER

ACTION ITEM

Student Perspective

SP-1 Improve qualifications of incoming students in undergraduate and graduate programs. (Measures are GPA and GMAT)

SP-1A Maintain activities for, and interactions with, college alumni.

SP-1B Build relationships with area accounting firms and businesses through visits by Chair and Faculty.

SP-1C Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting.

SP-2 Improve numbers of placements in jobs, MSA program, and other graduate programs. (Measures are job placement, entrants into our MSA program and other graduate programs, senior or graduate surveys, and feedback from recruiters and employers.)

SP-2A Continue curriculum assessment to ensure development of knowledge and skills desired by employers.



ACTION ITEM

Student Perspective

SP-2B Encourage practical work experiences internships.

SP-2C Encourage qualified Accounting majors to enter our MSA program.

SP-2D Encourage tracking of graduate placements by the Office of Graduate Studies.

SP-2E Work with Accounting Advisory Council to promote visibility of our programs and graduates.

SP-2F Work with MAAC and Beta Alpha Psi to help students be more proactive in developing themselves for professional careers.

PERSPECTIVES GOAL

NUMBER GOAL ACTION ITEM

NUMBER ACTION ITEM

Financial Perspective

FP-1 Increase endowments and operating funds for faculty development, and scholarships. (Measure in dollars.)

FP-1A Maintain activities for, and interactions with, college alumni.

FP-1B Build relationships with area accounting firms and businesses through visits by Chair and Faculty.

FP-1C Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting.

FP-2 Increase revenues and surpluses from special accounting programs. (Measure in dollars.)

FP-2A Increase participation in CPA review programs.

FP-2B Continue offering the mandatory CPA ethics training.

FP-2C Continue the annual

DOA 5k Run.

FP-2D Develop other fund-

raising programs.

PERSPECTIVES GOAL


NUMBER ACTION ITEM

Internal Business Perspective

IBP-1 Maintain or increase high quality of classroom instruction. (Measures are teaching awards, number of tenure track faculty, teaching portfolios, and allocations of faculty resources.)

IP-1A Continue curriculum assessment to ensure development of knowledge and skills desired by employers.

IP-1B Offer opportunities for faculty to attend workshops and conferences that are teaching-related.

IP-1C Encourage faculty to take advantage of opportunities offered by the Center for Learning Technologies and to adopt new technologies.

IP-1D Assign faculty schedules to best match expertise and training to appropriate curriculum levels.

IP-1E Ensure that performance evaluation system rewards high quality classroom instruction.



ACTION ITEM

Internal Business Perspective

IBP-2 Increase high quality research. (Measures are research productivity in number of publications in high quality outlets.)

IBP-2A Recruit and retain high quality research faculty.

IBP-2B Provide research support through workload policy, travel funding, summer research grants, graduate assistant support, and acquisition of databases.

IBP-2C Participate in Dean's Research Seminar (Faculty, Chairs)

IBP-3 Increase service to profession and community. (Measures are program offerings and faculty participation/leadership in organizations.)

IBP-3A Continue faculty involvement in professional academic associations and in community professional and social organizations.

PERSPECTIVES GOAL


NUMBER ACTION ITEM

Innovation and Learning Perspective

ILP-1 Increase opportunities for faculty and staff development. (Measures are funding for professional development and numbers of faculty participation in development courses, programs, and conferences.

ILP-1A Increase funding for faculty and staff travel and/or enrollment in training programs.

ILP1B Promote interactions among faculty to increase transfer of knowledge between faculty members.

Appendix 3 - Department of Accounting Financial Strategy Chart

ACTION ITEM

NUMBER

ACTION ITEM ACTIVITIES AND RESOURCES

NEEDED

SOURCE STATUS AS OF 06/07

SP-1A Maintain activities for, and interactions with, college alumni.

Hold two social events and one annual meeting – Approximately $2500 annually

Accounting Alumni Chapter Funds Accomplished

SP-1B Build relationships with area accounting firms and businesses through visits by Chair and Faculty.

Present Required Ethics CPE for Virginia CPAs – no actual funds required

Area Accounting Firms and Businesses Accomplished

SP-1C Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting.

Dean and Major Gifts Officer - time and talent but goal is $1.5 million CPA Firms

Approximately $250,000 raised to date

SP-2A Continue curriculum assessment to ensure development of knowledge and skills desired by employers.

Time and Talent by Acct. Faculty- no funds required Acct Faculty Accomplished

SP-2B Encourage practical work experiences internships.

Time and Talent by Undergraduate Internship Director and MSA Graduate Program Director-no funds required

Undergraduate Internship Director and MSA Graduate Program Director Accomplished

SP-2C Encourage qualified Accounting majors to enter our MSA program.

Time and Talent by Acct. Faculty- no funds required Acct Faculty Accomplished

SP-2D Encourage tracking of graduate placements by the Office of Graduate Studies.

Office of Graduate Studies – no funds required Chair

Have not accomplished this

SP-2E Work with Accounting Advisory Council to promote visibility of our programs and graduates.

Chair and Accounting Advisory Council- no funds required Chair Accomplished

ACTION

ITEM NUMBER


NEEDED


SP-2F Work with MAAC and Beta Alpha Psi to help students be more proactive in developing themselves for professional careers.

Time and Talent by Acct. Faculty and Student Leaders – Approximately $2500 annually Soft Funds Accomplished

FP-1A Maintain activities for, and interactions with, college alumni.

Hold two social events and one annual meeting – Approximately $2500 annually

Accounting Alumni Chapter Funds Accomplished

FP-1B Build relationships with area accounting firms and businesses through visits by Chair and Faculty.

Present Required Ethics CPE for Virginia CPAs – source of funds


FP-1C Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting.

Dean and Major Gifts Officer - time and talent also $1.5 million CPA Firms

$250,000 raised to date Accomplished

FP-2A Increase participation in CPA review programs. CPA Review

Course Flyer widely distributed; presentations before BAP DACCT Funds Accomplished

FP-2B Continue offering the mandatory CPA ethics training. Chair – source of

funds


FP-2C Continue the annual DOA 5k Run. Acct Faculty Time

and Talent – source of funds


ACTION

ITEM NUMBER


NEEDED


FP-2D Develop other fund-raising programs.

Chair and Dean, CBPA source of funds

Chair and Dean

Not Accomplished

IP-1A Continue curriculum assessment to ensure development of knowledge and skills desired by employers.

Time and Talent by Acct. Faculty – no funds required

Accounting Department Faculty Accomplished

IP-1B Offer opportunities for faculty to attend workshops and conferences that are teaching-related.

Acct. Faculty attendance at AAA national and regional meetings, SEINFORMS – Annually approximately $30,000

University and Dept. Travel funds Accomplished

IP-1C Encourage faculty to take advantage of opportunities offered by the Center for Learning Technologies and to adopt new technologies.

E-mail by CLT directly to faculty – no funds required

University Resources Accomplished

IP-1D Assign faculty schedules to best match expertise and training to appropriate curriculum levels.

Chair and Accounting Faculty – no funds required

Chair and Accounting Faculty Accomplished

IP-1E Ensure that performance evaluation system rewards high quality classroom instruction.

Annual Review by Chair and Dean – no funds required

Chair and Dean Accomplished

IBP-2A Recruit and retain high quality research faculty.

Time and Talent of Chair and Accounting Faculty – no funds required

University Funds Accomplished

IBP-2B Provide research support through workload policy, travel funding, summer research grants, graduate assistant support, and acquisition of databases. Chair and Dean, CBPA

College and University Funds Accomplished

IBP-2C Participate in Dean's Research Seminar (Faculty, Chairs)

Time and Talent of Chair and Accounting Faculty – no funds required

College Funds Accomplished

ACTION

ITEM NUMBER


NEEDED


IBP-3A Continue faculty involvement in professional academic associations and in community professional and social organizations.

Time and Talent of Chair and Accounting Faculty – approximately $30,000 annually

Department funds for dues Accomplished

ILP-1A Increase funding for faculty and staff travel and/or enrollment in training programs.

Ethics CPE, DOA 5k race, and annual giving – approximately $30,000 annually


ILP1B Promote interactions among faculty to increase transfer of knowledge between faculty members.

Department Meetings – no funds required.

Time and Talent of Accounting Faculty Accomplished

Appendix 4 - Department of Accounting Research Report

Department of Accounting Faculty Research

Calendar Years 2004-2006

Dr. Michael Stein

with Burch Kealey and Ho Young Lee. The Association between Audit-Firm Tenure and Audit Fees Paid to Successor Auditors: Evidence from Arthur Andersen. Auditing: A Journal of Practice & Theory (forthcoming).

with J. Hans Blokdijk, Fred Drieenhuizen and Dan A. Simunic. An Analysis of Cross-Sectional

Differences in Big 5 and Non Big-5 Audit Programs. Auditing: A Journal of Practice & Theory, Vol 22, No 1, May 2006:27-48.

with Dan Simunic. Commentary on “Contingent Rents and Auditors’ Independence: Appearance

vs. Fact”. Asian-Pacific Journal of Accounting and Economics, Vol. 11 No. 1, June, 2004: 69-74.

“A commentary on Competitive Crossovers and Knowledge Spillovers in Auditing,”

Contemporary Accounting Research, Vol. 23 No. 2, Summer 2006: 555-564.

Dr. Chansog Kim

“Divergence of Opinion and Equity Returns” Coauthored with J. Doukas and C. Pantzalis, 2006, Journal of Financial and Quantitative Analysis, Volume 41, No. 3, 573-606.

“Divergence of Opinion and Equity Returns under Different States of Earnings Expectations,”

Coauthored with J. Doukas and C. Pantzalis, 2006, Journal of Financial Markets, Volume 9, No. 3, 310-331.

“Two Faces of Analyst Coverage,” Coauthored with J. Doukas and C. Pantzalis, 2005, Financial

Management, Volume 34, No. 2, 99-125. “Divergent Opinions and the Performance of Value Stocks,” Coauthored with J. Doukas and C.

Pantzalis, 2004, Financial Analyst Journal, Volume 60, No. 6, pp. 55-64. “Chaebols and Corporate Governance in South Korea,” Coauthored with C. K. Min and C.

Maden, 2004, pp. 177-198, Chapter 9 of “The Governance of East Asian Corporations: Post Asian Financial Crisis,” Edited by F. A. Gul and J. S. L. Tsui.

Dr. Yin Xu

Xu, Y., and X. Xu. Social actors, cultural capital, and the state: The standardization of bank accounting classification and terminology in early twentieth century China. Accounting, Organization and Society (In Press).

Xu, Y., and K. Wang. 2006. An examination of managers’ effort on product quality: An

Expectancy theory perspective. Review of Business Research 6(2): 224-232. Bepristis, M., and Y. Xu. 2006 Defined benefit pension fund accounting: Relevancy, clarity, and

consistency. The Journal of American Academy of Business 9(2): 294-299. Xu. Y., and B. Tuttle. The role of social influence in using accounting performance information

to evaluate subordinates: a causal attribution approach. Behavioral Research in Accounting 17:191-210.

Xu, Y. 2005. The effect of graphic disclosures on users’ perceptions: An experiment. Journal

of Accounting and Finance Research 13. Xu. Y., and B. Tuttle. 2004. Performance evaluations with or without data from a formal

accounting reporting system. Advances in Accounting Behavioral Research 7: 151-167. Xu, Y. 2004. The effect of economic incentives and ethical reasoning on internal auditors'

perceptions of whistle-blowing behavior: An experiment. Ethics and Critical Thinking Journal (March): 116-146.

“The Reverse Effect of Financial Incentives: A Study of Internal Auditor Objectivity,” (with K.

Wang). Proceedings of Accounting, Behavior, and Organization Research Conference (Chicago, IL, 2004).

“A New Adaptor-Innovator Problem Solving Measure for the Workplace,” (with B. Tuttle).

Proceedings of The Fourth International Conference on Performance Measurement and Management (Edinburgh, UK, 2004).

“Whither the Public Accounting as a Profession: Auditor Independence and Non-Audit

Services,” (with K. Wang). Proceedings of American Accounting Association Annual Conference (Orlando, FL, 2004).

Dr. Robert Pinsker

R. Pinsker. “Using Longer Series of Consistent Direction and Direction Reversal Information to

Examine the Effects of Different Disclosure Patterns on Non-Professional Individual Investors.” Behavioral Research in Accounting, In Press.

S. Gara, R. Pinsker, and K. Karim. “Benefits of XML Implementation For Tax Filing and

Compliance.” The CPA Journal, In Press.

S. Li and R. Pinsker. 2005. “Modeling RBRT Adoption and its Effects on Cost of Capital.”

International Journal of Accounting Information Systems 6: 196-215. R. Pinsker, S. Gara, and K. Karim. 2005. “XBRL Usage: A Socio-Economic Perspective.”

Review of Business Information Systems 9 (4): 59-72. J. Kahle, R. Pinsker, and R. Pennington. 2005. “Belief Revision in Accounting: A Literature

Review of the Belief-Adjustment Model.” Advances in Accounting Behavioral Research 8: 1-40.

S. Farewell and R. Pinsker. 2005. “XBRL: What Does it Mean for You and Your Firm?” The

CPA Journal (May) 75 (5): 68-9. R. Pinsker. 2004. “Teaching XBRL to Graduate Business Students: A Hands-on Approach.” The

Journal of STEM Education 5 (1 & 2): 1-13. K. Palmer, D. Ziegenfuss, and R. Pinsker. 2004. “International Knowledge, Skills, and Abilities Required of Auditors: Evidence from Recent Competency Studies.”

Managerial Auditing Journal 19 (7): 889-96.

Dr. Otto Martinson

“An Empirical Investigation of the Minority Interest and Marketability Discount in Valuation of Closely Held Stock for Estate and Gift Tax Purposes,” with Englebrecht and Anderson, Journal of Applied Business Research, Volume XXII, Winter 2006.

“Empirical Study of the Planning and Control Process for Performance Measurement as Applied

in the Management of a Major Russian Oil Company” the Annual Meeting of Southeast INFORMS, Proceedings Southeast Annual Meeting of INFORMS, October 2006.

“A look at the Organizational Structure of the CFO’s Function in Corporate America ” the

Annual Meeting of Southeast INFORMS, Proceedings Southeast Annual Meeting of INFORMS, October 2005.

“Evolution of the Role of the Chief Financial Officer” the Annual Meeting of Southeast

INFORMS, Proceedings Southeast Annual Meeting of INFORMS, October 2004.

Dr. Laurie Henry

“Choosing and Using Sarbanes-Oxley Software.” With Nancy Bagranoff. Information Systems Control Journal. (Vol 2, 2005): 49-51; also at www.isaca.org .

Dr. Douglas Ziegenfuss

http://www.isaca.org/

With Patricia M. Meyers, “Audit Committee Pre-Enron Efforts to Increase the Effectiveness of Corporate Governance,” Corporate Governance: An International Journal of Business in Society, 2006, Volume 6, No. 1. pp. 49-63.

Co-authored with L. Crumbley and Z. Rezaee, U.S. Master Auditing Guide 3nd. Edition,

Chicago, Illinois: CCH Incorporated, 2004, pp. 1-955. Co-authored with M. Dittenhofer, Ethics and the Internal Auditor: 20 Years Later, Altamonte

Springs, Florida: The Institute of Internal Auditors Research Foundation, 2004, pp. 1-153.

Co-authored with K. Palmer, and R. Pinsker, “International knowledge, skills, and abilities of

auditors/accountants: evidence from recent competency studies,” in Managerial Auditing Journal, 2004, Volume 19, No. 7. pp. 889-896.

Co-authored with A. Kokkinos, 2005 Salary Survey of Hampton Roads Accounting Positions,

Norfolk, Virginia: Department of Accounting, Old Dominion University and Don Richard Associates, 2005, pp. 1-51.

With Tan Xu, and Mohammad Najand, “Intra-Industry Effects of Earnings Restatements Due to

Accounting Irregularities,” Journal of Business, Finance and Accounting, 2006, Volume 33, Issue 5-6 (June/July) pp. 696-714.

Appendix 5: Department of Accounting Advisory Council (AAC)

Mr. Anthony Markun, President, HR Chapter, ACFE Ms. Barbara L. Smith, Partner, Cherry Bekaert & Holland Mr. Colin Barton, Director Corporate Accounting, Norfolk Southern Mr. Ed Greene, President, Don Richard Associates Ms. Elizabeth M. Weller, , Gold Key Resorts Mr. Gerald L. Sullivan, President, Sullivan, Andrews & Taylor Mr. Glenn R. Wilson, President, Tidewater Chapter, IIA, Old Dominion University Ms. Joyce C. Anderson, President, Hampton Roads Chapter, IMA, Palms Associates, B&B

Associates of VA Mr. Lyndon S. Remias, Internal Auditor, EVMS Mr. Matthew Hewes, Managing Partner, Matthew S. Hewes, CPA, PC Mr. Vernon T. Turner, Corporate Tax Director, Smithfield Foods Inc. Mr. Andre A. Evans, Partner, KPMG Peat Marwick Mr. Andy P. Weddle, Manager, Sentara Healthcare Mr. Dennis Ryan, Senior Vice President for Finance, Children's Hospital of the Kings Daughters Mr. Ed Blair, Partner, Witt, Mares & Co., P.L.C. Mr. George J. Walker, Partner, Goodman & Co., L.L.P Mr. James V. Strickland, Jr., Partner, Strickland & Jones P.C. Mr. Joseph Kersey, President Accounting Alumni, Mortgage Consultant, Atlantic Bay Mortgage

Group Mr. Marty Ridout, Partner, McPhillips, Roberts & Deans, PLC Mr. Robert Fuqua, President DOAAC, Consultant, formally CFO, Tarmac USA Ms. Vivian J. Paige, President, Vivian J. Paige, CPA, PC Ms. Cherie A. James, Shareholder, Wall, Einhorn & Chernitzer, PC Capt. Larry R. White, Commanding Office, USCG Finance Center

Appendix 6 - Department of Accounting Maintenance Report AY 2002/2003

AACSB Annual Maintenance of Accreditation Report -

AY 2002/03 Department of Accounting

College of Business and Public Administration Old Dominion University

Submitted by:

Douglas E. Ziegenfuss

Chair and Professor

July 31, 2003

Progress Update

The Department has the following action items listed by the AACSB International in its May 31, 2001 letter:

1. The adequacy of the resources available to support faculty appears to still need improvement. $40,000 over three years is not a great deal of money for developmental and research needs.

2. While research productivity in the aggregate increased, it was concentrated in two individuals. A broader cross-section of the faculty should be involved regularly in scholarship. If one or both productive faculty should leave, the situation would dramatically change.

3. Little or no evidence was supplied on how the assessment procedures were used to provide continuous improvement. In addition, what additional measures are being currently used or planned for the future?

4. The Grade Forgiveness program study has not been completed and, therefore, cannot be evaluated.

The Department responded to these issues in a letter dated May 28, 2003. The follow-up letter forms the basis for this annual maintenance report.

Situational Analysis

The Department of Accounting (The Department) is part of the College of Business and Public Administration (The College) at Old Dominion University (The University). Dean Bagranoff and Associate Dean Ardalan have produced a separate College maintenance report that will be referenced in this report when its material is relevant to the Department’s activities. For instance the College has no action items outstanding from its last accreditation and the Department has four items.

Dr. Douglas E. Ziegenfuss continues to serve as Department Chair. Likewise, Dr. Otto Martinson serves as Graduate Program Director (GPD) for the Masters of Science in Accounting (MSA) program and Ms. Terry Kubichan serves as the Undergraduate Student Advisor. These individuals have served in their respective positions for three years providing much needed leadership continuity over the Department’s operations. The Department continued to focus on the action items during the 03 Academic Year (AY03). The Department was successful in raising more funds for research than in the Academic Year 03 (AY03) due to increases in annual contributions and the DOA 5k race surpluses. Several faculty members attended continuing education programs sponsored by KPMG, Price Waterhouse Coopers, and the Virginia Society of Certified Public Accountants. Two faculty members joined the Department faculty during AY03. Research productivity is more broadly based during AY03 than AY02. Newer hired faculty members are starting to produce quality journal articles while longer serving faculty members are maintaining their productivity at an acceptable level. Concerning assessment, the Department tried to identify methods for continuous improvement. The Department developed an undergraduate assessment exam composed of 100 multiple-choice questions (25 from each section) chosen at random from a CPA Review Course database. In addition, the Department used the results of competency studies by the AICPA, IIA, and IMA to evaluate course content and curriculum.

1. The adequacy of the resources available to support faculty appears to still need

improvement. $40,000 over three years is not a great deal of money for developmental and research needs.

Department Actions: During the past two years, the Department has increased its outreach to alumni by on-site visits, and participation in local chapters of professional organizations. Annual contributions to the Department have grown to $17,000 during the 2003 fiscal year. Likewise, the surplus from the Department’s annual 5K race grew to approximately $5,000 resulting in total contributions to the Department of $22,000 versus the previous annual average of $13,333. This represents a 65% increase. In addition, the Department is working with the College Research center in sponsoring a CPA review course that is projected to add $5,000 in additional funds each year. The Accounting Alumni Chapter has also been reactivated and its activities should result in additional annual contributions to the Department. The Department’s share of college and university resources has also increased. For example, during the 2003 Fiscal Year, the College transferred $5,000 in travel funds to the Department. In

addition, the College and University have awarded newly hired faculty members four summer grants of $5,000 each.

2. While research productivity in the aggregate increased, it was concentrated in two individuals. A broader cross-section of the faculty should be involved regularly in scholarship. If one or both productive faculty should leave, the situation would dramatically change.

A broader cross section of the faculty is regularly involved in scholarship. Though one faculty member, Dr. Ted Englebrecht, who was responsible for much of the Department’s scholarship, left since the interim report, the Department’s research output was maintained because other faculty increased their scholarship. For the two year period, 2001-2002, faculty scholarship was distributed in the following manner: Tenured Faculty Refereed

PublicationsNational

ProceedingsRegional

Proceedings

Abdel Agami 4 2 8 Doug Ziegenfuss 6 1 4 Otto Martinson 6 0 2 Tim Mckee 2 0 2 Laurie Henry 1 1 2 Untenured Faculty:

Stephen Gara, 1st yr. 2 0 2 Yin Xu, 2nd yr. 0 1 2 Robert Pinsker, 1st yr. 1 0 2 = = = Department Totals: 22 5 24 Some additional points need to be made concerning the broadening of the research output among faculty members:

• Each untenured faculty member came from a sound research orientated Ph.D. program (University of Memphis, University of South Carolina, and University of Southern Florida).

• The newly hired faculty’s scholarship will benefit from improvements in the College research infrastructure. For example, all three untenured faculty members are given a reduced teaching load for their first two years and a $5,000 summer grant for one summer after their first full year of teaching.

• Each untenured faculty member is supplied with graduate assistant resources and given reduced responsibility for service.

• Two of the three untenured faculty members have won university summer grants of $5,000.

• The preliminary evidence is encouraging as each untenured faculty member has several manuscripts under review at academic journals.

• The Dean’s office also provides additional funds for travel and faculty development as well as a series of research seminars. All three untenured faculty members have presented their research at the college research seminar.

• Dr. Yin Xu won The Academy of Accounting Historians’ 2002 Vangemeersch Award, which recognizes the achievement of newly hired faculty in researching the development of the accounting field.

• Dr. Otto B. Martinson won The Institute of Management Accountants (IMA) 2002 R. Lee Brummet Award as the organization’s outstanding educator.

3. Little or no evidence was supplied on how the assessment procedures were used to

provide continuous improvement. In addition, what additional measures are being currently used or planned for the future?

In the interim report, the Department listed its assessment procedures for its academic programs as:

• A standardized test for the undergraduate program • Pass rates on the CPA exam and the post graduation questionnaire for the Masters

of Science in Accounting program. The Department has administered these assessment tools continuously over the past two years. The results have been fairly consistent but have not revealed any trends that require changes to the Accounting programs. For instance, the completed post graduation questionnaires have all been extremely favorable. Likewise, the scores on the comprehensive exams and pass rates on the CPA exam have been consistently positive. The pass rate for all four parts of the May 2001 and November 2001 CPA Exam were 25% and 37.5% respectively, well above the national and state averages. The Department has been trying to identify methods for continuous improvement. For instance, during 2001, the Department changed the content of the standardized exam given to graduating undergraduate students. Instead of the standardized AICPA Form II Exam, the Department developed an exam composed of 100 multiple-choice questions (25 from each section) chosen at random from a CPA Review Course database. The new format has only been given four times (Spring 03, Fall 02, Summer 02, and Spring 02). Approximately, 95% of graduating accounting students has taken the exam. Grades have remained constant and have not revealed any trends that warrant changes to the undergraduate program. In addition, the Department has attempted to use the results of competency studies by the AICPA, IIA, and IMA to evaluate course content and curriculum. One result of this effort was the decision to offer tracks in the Masters of Science in Accounting program. Currently, the following tracks exist: Public Accountancy, Managerial Accounting, Business Assurance Services, Accounting Information Technology, and Taxation. Student and employer response to the tracks has been positive. The Department has aggressively marketed the Masters of Science in Accounting program and hopes to significantly increase enrollments as the Commonwealth of Virginia implements the 150-hour program.

The Department is still exploring the possibility of using questions from the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) exams to develop assessment exams for the Masters of Science in Accounting program. Another technique that has been suggested is focus groups. The Department will experiment with focus groups following the Fall 03 semester.

4. The Grade Forgiveness program study has not been completed and, therefore, cannot be evaluated.

The University Senate studied this issue during 2002 and revised it to allow students to retake any course only one time. The new policy went into effect during the 2003 academic year and insufficient time has elapsed to evaluate the impact of the new policy.





Submitted by:


Chair and Professor

August 31, 2004

Progress Update The Department has the following action items listed by the AACSB International in its December 31, 2003 letter:

5. Evidence of progress obtaining additional resources to support research. 6. Evidence of progress to broaden the quality and quantity of intellectual

contributions among the faculty. 7. Evidence of progress in the area of assessment and how the assessment

procedures are used to promote continuous improvement. A follow-up report is due by January 15, 2005.


The Department of Accounting (The Department) is part of the College of Business and Public Administration (The College) at Old Dominion University (The University). Dean Bagranoff and Associate Dean Ardalan have produced a separate College maintenance report that will be referenced in this report when its material is relevant to the Department’s activities. For instance the College has no action items outstanding from its last accreditation and the Department has three items. Dr. Douglas E. Ziegenfuss continues to serve as Department Chair. Likewise, Dr. Otto Martinson serves as Graduate Program Director (GPD) for the Masters of Science in Accounting (MSA) program and Ms. Terry Kubichan serves as the Undergraduate Student Advisor. These individuals have served in their respective positions for four years providing much needed leadership continuity over the Department’s operations. The Department continued to focus on the action items and on strategic planning issues during the 04 Academic Year (AY04). The Department was successful in raising more funds for research than in the Academic Year 03 (AY03) due to the success of its CPA

Review Course and the delivery of Ethics Courses to local CPAs. The Department successfully endowed a scholarship for $25,000 during AY04. Several faculty members attended continuing education programs put on by KPMG, Price Waterhouse Coopers, and the Virginia Society of Certified Public Accountants. In addition, the University has given the Department the authority to hire one tenure-track faculty member for AY06. However, accomplishing this meant consolidating two non-tenure track instructor positions into the one tenured track position. Research productivity is more broadly based during AY04 than AY03. Newer hired faculty members are starting to produce quality journal articles while longer serving faculty members are maintaining their productivity at an acceptable level. Concerning assessment, the Department analyzed students’ performance in its first Intermediate Accounting course and benchmarked its MBA Core Course during AY04. In addition, plans are underway to implement focus groups of recent graduates and alumni to use as an output measure. Finally, the Department uses a local business magazine to track alumni’s career events. The Department waited during AY04 for the College to revise its strategic plan before revising its strategic plan to bring it in line with the College strategic plan. The Department will accomplish this through faculty and advisory council meetings.

Fundraising The Department raised $34,500 in “soft” funds from the following sources during AY04:

• $21,500 in contributions on the Department’s behalf to the University Education Foundation (up from $17,000 in AY03 and $13,333 average during AY00-02).

• $8,000 in funds from the Department’s annual DOA 5k race (up from $5,000 in AY03).

• $4,000 in funds from the CPA Review Course (a new source of funds) • $1,000 in funds from offering mandatory Ethics Training for CPAs (a new source

of funds). Funds from the University education foundation have three sources: General Department Contributions, Internal Auditing Program Support, and Accounting Faculty Development Support. The latter is a new category and accounts for nearly all of the increase in funds raised through the education foundation. In addition to these funds, two additional sources of funds were developed during AY04. The first represents surpluses from the Department’s CPA Review Program. Administered by Timothy Mckee and aided by Walter Berry and Randall Spurrier, the program saw increased participation and netted approximately $4,000. The Department also developed a version of the Virginia Mandatory Ethics Course for CPAs. This two-hour training session is required for all CPAs registered in the Commonwealth of Virginia. The Department began offering sessions of the course during

the last two months of AY04 and planned on offering many more during AY05. The Department and the Tidewater Chapter, Virginia Society of Certified Public Accountants (TCVSCPA) agreed that the Department would offer the courses at University facilities, TCVSCPA members could attend these events for free, while the department could charge nonmembers $25 to attend. In addition, the Department could offer the courses to other groups for a flat $500 honorarium. Although only $1,000 was raised during AY04, scheduled offerings should raise $5,000 during AY05.

College support for faculty travel remained constant in AY04 but is expected to increase during AY05.

Research Productivity

Faculty scholarship as measured by refereed journal articles was distributed in the following manner during AY04 as compared to AY03:

Tenured Faculty: AY03 AY04 Abdel Agami 2 1 Douglas Ziegenfuss 1 0 Otto Martinson 1 0 Timothy Mckee 0 0 Laurie Henry 0 1

Untenured Faculty:

Stephen Gara 1 1 Yin Xu 0 2 Robert Pinsker 1 1

Department Totals: 6 6

The University has given the Department authority to hire one tenure track position for AY06 in exchange for eliminating two full time instructor positions. The Department plans to hire a faculty member with a solid academic research record. This will increase the number of tenured and tenure-track faculty to nine and reduce the number of non-tenure track faculty to four from six.

Assessment Tools and Procedures

The Department continues to rely on University and College assessment tools and procedures. However several assessment tools and techniques are unique to the Department: tracking alumni performance on the CPA Exam, gathering alumni and recent graduate perceptions using a unique questionnaire, giving students in the final required accounting

class an assessment exam and, new during AY04, assessing student performance in the first intermediate accounting course. Information concerning alumni performance on the CPA Exam has not been released for AY04. The Department did distribute questionnaires to all students graduating with an Accounting degree in AY04. The results were generally very favorable but no change from previous years. Consequentially, the Department will be relying on focus groups composed of recent graduates and alumni to gather assessment information. Likewise, student performance on the assessment exam given during the final required accounting class was not statistically significant from previous years. During AY04 the Department analyzed the performance of students in its first Intermediate Accounting course. This course was chosen because it is the first upper division course that the vast majority of students majoring in Accounting must take. It provides the first opportunity to measure and control access to the Accounting program. Students may take Principles of Accounting at a community college or another four-year college but generally take their first Intermediate Accounting course at Old Dominion University. Therefore, the first Intermediate Accounting course is an excellent point to measure and control student quality entering the undergraduate program. During AY04, approximately 322 students registered for seven sections of the class. Fifty percent of the students took Principles of Accounting at Old Dominion University, forty-seven percent took Principles of Accounting at a community college, and the remainder took Principles of Accounting at another four-year college. The average GPA for the course was 1.69; fourteen percent of the students earned an A, eighteen percent earned a B; twenty-three percent earned a C, and forty-five percent earned a D or F or withdrew from the course. Twenty-nine percent of the students took the class over the University’s distance education closed-circuit television network called, “Teletechnet.” Three different instructors taught various sections of the class. Sixty-four percent of the students were female. On average, students were approximately 28 years old. Sixty-one percent of the students were white, twenty-six percent were African-American and thirteen percent were members of other ethnic groups. Regression analyses were run with each student’s score as the dependent variable and semester, teacher, manner of delivery, and demographic variables as independent variables. The only variable statistically related to student score was race with African American students performing significantly lower than students of other races or ethnic backgrounds. Conclusions that can be drawn from these results:

• The instructors teaching the course appear to uniformly assign rigorous grades to filter students entering the accounting program.

• Students entering the Accounting program exhibit much diversity in terms of gender and race. The issue of poorer performing African American students must be studied and evaluated further to improve their performance relative to students from other races and ethnic backgrounds.

• The students by and large are non-traditional (28 years old and twenty-nine percent in distance education).

• Transfer students performed as well as Old Dominion University students. The Department plans to continue this assessment technique in AY05 and maybe analyze student performance in Accounting 311, Managerial Accounting, (another entry level course), and Accounting 411, Financial Auditing (the final required accounting course). The Department also benchmarked its MBA Core Course. The benchmarking study indicated that MBA programs requiring fewer than 50 hours to complete required only one core accounting course that was 66% financial accounting and 34% managerial. Consequently, the department has revised the course syllabus to reflect this result.





Submitted by:


Chair and Professor

June 11, 2005

Progress Update Academic Year (AY) 05 was very good for the Department. First, the Department addressed all outstanding issues from its last accreditation visit in a letter to AACSB dated January 15, 2005.


The Department of Accounting (The Department) is part of the College of Business and Public Administration (The College) at Old Dominion University (The University). Dean Bagranoff and Associate Dean Ardalan have produced a separate College maintenance report that will be referenced in this report when its material is relevant to the Department’s activities. Dr. Douglas E. Ziegenfuss continues to serve as Department Chair. Likewise, Dr. Otto Martinson serves as Graduate Program Director (GPD) for the Masters of Science in Accounting (MSA) program and Ms. Terry Kubichan serves as the Undergraduate Student Advisor. These individuals have served in their respective positions for five years providing much needed leadership continuity over the Department’s operations. The Department continued to focus on the action items and on strategic planning issues during the 05 Academic Year (AY05). The Department was successful in raising more funds for research than in the Academic Year 04 (AY04) due to the success of its CPA Review Course and the delivery of Ethics Courses to local CPAs. Several faculty members attended continuing education programs put on by AACSB, Accounting Program Leadership Group (APLG)/Federation of Schools of Accountancy (FSA), PricewaterhouseCoopers, and the Virginia Society of Certified Public

Accountants. In addition, the University has given the Department the authority to hire two experienced tenure-track faculty members for AY07. However, one tenured Professor retired and a tenure track Associate Professor resigned during AY05 after being given a terminal contract. Research productivity increased slightly from AY04. Newer hired faculty members are starting to produce quality journal articles while longer serving faculty members are maintaining their productivity at an acceptable level. Concerning assessment, the Department, working with the College, adopted learning goals and measures for all of its programs and collected assessment data during the Spring 05 semester. The Department will analyze students’ performance in its first Intermediate Accounting and Managerial Accounting courses during the Summer 05 term. In addition, a focus group composed of Accounting Advisory Council members was conducted for the first time in April 2005. Finally, the Department used a local business magazine to track alumni’s career events. The Department revised its strategic plan during AY05 by working with the Department faculty and Accounting Advisory Council members. Due to the information from several sources, the Department decided to drop the Taxation track in the MS in Accounting program during the next revision of the University Catalog.

Fundraising

The Department raised $40,000 in “soft” funds from the following sources during AY04: • $17,500 in contributions on the Department’s behalf to the University Education

Foundation (compared to $21,500 in AY04, $17,000 in AY03 and $13,333 average during AY00-02)

• $8,000 in funds from the Department’s annual DOA 5k race (compared to $8,000 in AY04 and $5,000 in AY03)

• $5,000 in funds from the CPA Review Course (compared to $4,000 in FY04) • $9,500 in funds from offering mandatory Ethics Training for CPAs (compared to

$1,000 in FY04). College support for faculty travel increased in AY05 to $900 per tenure track faculty from $750 during AY04. The biggest fundraising news of AY05 dealt with the announcement by Dean Bagranoff that a $1.5 million Endowed Professorship in Accounting was being added to the University’s Capital Campaign. Dean Bagranoff, Chair Ziegenfuss, and the College’s Major Gifts Coordinator, Michael Walker, have begun the task of forming a steering committee to coordinate the Endowed Accounting Professorship drive.

Research Productivity


Tenured Faculty: AY04 AY05 Abdel Agami 1 0 Douglas Ziegenfuss 0 1 Otto Martinson 0 0 Timothy Mckee 0 0 Laurie Henry 1 1

Untenured Faculty: Stephen Gara 1 2 Yin Xu 2 2 Robert Pinsker 1 2


The University has given the Department authority to hire two tenure track positions for AY07 to fill vacancies left by a full professor and untenured associate professor. The Department plans to hire two established academic researchers to further the Department’s academic research. This will keep the number of tenured and tenure-track faculty at 8. Assessment Tools and Procedures The College and Department established learning goals and measures for all its programs (BSBA in Accounting and MS in Accounting) during AY05 (See attachments 1 and 2). The Department collected data on these measures for the first time during the Spring 05 semester. The Department also conducted its first focus group composed of Advisory Council members during the Spring 05 semesters. During the Summer 2005 semester, the Department plans to continue the following assessments:

• tracking alumni performance on the CPA Exam, • gathering alumni and recent graduate perceptions using a unique questionnaire, and, • assessing student performance in the first Intermediate Accounting and Managerial

Accounting courses. This report will be updated as these assessments are performed and the information produced is reviewed.

ATTACHMENT 1 (to Appendix 8) - BSBA ACCOUNTING LEARNING OBJECTIVES FOR PROGRAM ASSESSMENT – AACSB & SACS

Learning Goal Learning Goal

ObjectiveAssessment Method

Direct Indirect 1

Ethics Students will have the capability to recognize ethical issues in business.

Students can recognize and analyze ethical dilemmas and select a resolution for practical accounting situations.

ACCT 301 graded homework case study including at least one ethical issue. At least 75% of students will receive a grade of 70% on the resolution. ACCT 411/511 graded case study including at least one ethical issue. At least 75% of students will receive a grade of 70% on the resolution.

Employer Surveys Alumni Surveys

2 Written Communication Students will be effective communicators.

Students can communicate an issue in a coherent written presentation. Students will be able to write clearly using proper grammar and spelling.

Undergraduates ACCT 302 paper graded for punctuation, spelling, vocabulary, argument, grammar. At least 75% of students will achieve a grade of 70%. ACCT 317 group systems design project graded for punctuation, spelling, vocabulary, argument, grammar. Uses a rubric. At least 75% of students will achieve a grade of 70%.

Employer Surveys

3 Analytical Problem Solving Students can apply methods from a variety of disciplines to solve business problems.

Students will be able to use statistical and management science models to solve business problems. Students will be able to apply concepts related to the production and distribution of goods and services Students will be able to identify basic organizational management issues.

ACCT 301 and 302 case studies graded for choice of accounting theories, quantitative analysis, and logical reasoning. At least 75% of students will achieve a grade of 70%. ACCT 317 group systems design project graded for choice of appropriate info technology and accounting controls, and on management and marketing concepts. Uses a rubric. At

Employer Surveys of satisfaction with new hires. Employer Surveys of satisfaction with CBPA interns. Alumni surveys of work / educational experiences

Learning Goal Learning Goal Objective

Assessment Method

Direct Indirect Students will be able to apply basic marketing concepts. Students will be able to apply economic principles to make business decisions. Students will be able to use financial analysis in making business decisions. Students will be able to integrate a variety of business applications. Students will have the ability to use computer information systems concepts and technology for problem solving. Students will understand how information technologies influence the structure and processes of business.

least 75% of students will achieve a grade of 70%. ACCT 317 individual computer project using Microsoft Great Plains software requires entries to all accounting systems and understanding of integration of all business functions. Graded for choice of accounting entries At least 75% of students will achieve a grade of 70%. ACCT 411/511 case study graded for choice of business theories and logical reasoning. At least 75% of students will achieve a grade of 70%.

4 Global Perspective Students will have a global business perspective.

Students will be able to identify and solve business issues in a global environment.

ACCT 302 graded case study contains international accounting issues. At least 75% of students will achieve a grade of 70%. Students taking ACCT 450/550 complete a graded case study on international accounting issues. At least 75% of students will achieve a grade of 70%.

Employer Surveys Number of international job placements Employer evaluation of student interns in international operations.

5 Accounting and Business Knowledge Students will have competency in basic accounting and business

Students will be able to identify and solve accounting issues in financial and management accounting, tax, accounting information systems, and auditing. Students will be able to apply basic business principles to accounting related problems.

Accounting competency exam given in ACCT 411/511 (used ETS Level II, now use Gleim CPA review questions and looking for a competency test). At least 75% of students will achieve a grade of 70%. Pass rates on the CPA exam until July 2006 Employer evaluations of ACCT interns. ACCT 301, 302 graded case

Employer surveys of satisfaction with new hires Alumni surveys of work / educational experience Regular review of accounting curriculum by Department Regular review

Learning Goal Learning Goal Objective

Assessment Method

Direct Indirect studies on financial accounting issues. At least 75% of students will achieve a grade of 70%. ACCT 311 graded problems on managerial accounting issues. At least 75% of students will achieve a grade of 70% ACCT 317 graded comprehensive individual project using Microsoft Great Plains software. At least 75% of students will achieve a grade of 70%. ACCT 317 graded group systems development project for revenue or expenditure system. Uses a rubric. At least 75% of students will achieve a grade of 70%. ACCT 411/511 graded case study on auditing issues. At least 75% of students will achieve a grade of 70%. ACCT 421 graded homework problem on personal tax issues. At least 75% of students will achieve a grade of 70%.

of business curriculum by College Committee Student participation in the Goodman Accounting Challenge Number of undergraduate majors pursuing graduate education.

ATTACHMENT 2 (to Appendix 8) - MASTER OF SCIENCE IN ACCOUNTING LEARNING OBJECTIVES FOR ASSESSMENT – AACSB & SACS

Area and Learning Goals Learning Objectives

Direct Assessment

Indirect Assessment

1 Ethics- Students will have the capability to recognize ethical issues in accounting.

Students can recognize and analyze ethical dilemmas and select a resolution for accounting situations.

Ethics case with multiple embedded ethic scenarios in Acct 631. At least 75% of students will receive a grade of “B” or greater on the resolution.

Number of Honor Code violations

2 Written and Oral Communication- Students will be effective communicators.

Students can communicate an issue in a coherent verbal or written presentation. Students will be able to write clearly using proper grammar and spelling.

Writing assignments in Acct 631 will be graded for punctuation, spelling, vocabulary, argument, grammar, etc. Class oral presentations in Acct 631 will be graded. At least 75% of students will receive a grade of “B” or greater on the resolution.

Employer surveys

Area and Learning Goals Learning Objectives

Direct Assessment

Indirect Assessment

3 Analytical problem solving- Students can assess situations and apply various analytical methods to solve business problems.

Students will be able to apply financial analysis, using accounting and operating information, in making business decisions and solving business problems.

Exams in Acct 631 will include problems/cases that require financial analysis to make decisions and/or solve some business problems. It will be graded separately. At least 75% of students will receive a grade of “B” or greater on the resolution.

CPA Exam CMA Exam CIA Exam Employer surveys

4 Global perspective - Students will have a global business perspective.


In Acct 630 students will have a problem/case on the final exam involving a global environment issue. It will be graded separately. At least 75% of students will receive a grade of “B” or greater on the resolution.

International and minority student /faculty mix International job placements


AACSB Annual Maintenance of Accreditation Report - AY 2005/06

Department of Accounting College of Business and Public Administration

Old Dominion University

Submitted by:

Douglas E. Ziegenfuss Chair and Professor

June 11, 2006

Progress Update

The Department of Accounting has no action items remaining from prior accreditation.


The Department of Accounting (The Department) is part of the College of Business and Public Administration (The College) at Old Dominion University (The University). Dean Bagranoff and Associate Dean Ardalan have produced a separate College maintenance report that will be referenced in this report when its material is relevant to the Department’s activities. Dr. Douglas E. Ziegenfuss continues to serve as Department Chair. Likewise, Dr. Otto Martinson serves as Graduate Program Director (GPD) for the Masters of Science in Accounting (MSA) program and Ms. Terry Kubichan serves as the Undergraduate Student Advisor. These individuals have served in their respective positions for six years providing much needed leadership continuity over the Department’s operations. The Department sought to “Close the Loop” on a number of issues during the 2006 Academic Year (AY06). For instance, the Department working with Dean Bagranoff hired a consultant during the Spring semester to determine its compliance with AACSB Accounting Standards. The Department then used the consultant’s report to plan its activities during AY06.

Strategic Planning

The Department working with its constituents revised its strategic plan (Omitted from this report to save space and to prevent confusion with the current strategic plan). The revisions included:

(1) Moving the importance of research to second place after teaching but before service. This

change reflects the importance placed by faculty on academic research in supporting a quality graduate and undergraduate Accounting programs.

(2) Eliminating “Areas of Concentration that are the cutting edge …” from the Achieving Our Vision and Mission statements. This change reflects the department’s decision to eliminate accounting MBA concentrations and reduce the number of tracks in the MS in Accounting program to two (assurance services and controllership). Additionally, the faculty revised both the undergraduate and graduate accounting programs to establish an integrated five-year program.

(3) Adding “Practice” after ethics in the Achieving Our Vision and Mission statements. This last change highlights the Department’s place within the Accounting profession and the belief that ethics must be grounded in professional practice if it is to influence future members of the Accounting profession.

During AY07 the Department plans on revising its goals and objectives to ensure they are effective in measuring the Department’s progress toward its mission.

Assurance of Learning

The Department completed its second comprehensive assessment for both the BSBA in Accounting and the MS in Accounting (MSA) programs (see Appendices 2 & 3). The Department revised its learning goals and measures based on the results of the first assessment plan completed in AY05. The Department plans to work with its constituents to revise the goals and measures during AY06. The AY05 assessment report reported that the Department would track alumni performance on the CPA Exam, gather alumni and recent graduate perceptions using a unique questionnaire, and assess student performance in the first Intermediate Accounting and Managerial Accounting courses. The Department subscribes to the National Association of State Board of Accountancy (NASBA) publication, Candidate Performance on the Uniform CPA Examination. The Department noted a substantial decrease in the pass rates of its alumni during 2005 from previous years. However, the department will continue to monitor the pass rates to determine if the 2005 results were due to the computerization of the exam or a permanent trend requiring action. The Department relied on the CBPA Career Management Center for the second action (gathering alumni and recent graduate perceptions). However, personnel turnover prevented the Career Management Center personnel from completing this important assessment. Consequently, the Department mailed a questionnaire to recent graduates and alumni who graduated five years ago during the later part of Summer 06. The Department will revise this maintenance report when the questionnaire results become available. Finally, the department did complete an assessment of student learning in the first Intermediate Accounting and Managerial Accounting courses.

The Department plans on conducting a comprehensive assessment during AY07.

Curriculum Revision

The Department working with its constituents and the results of the strategic planning and assessment processes revised both the undergraduate and graduate programs. The accounting faculty reduced the number of hours in accounting courses to 21 from 24 while retaining the number of hours in accounting electives at 3. “Financial Auditing” was made an elective while the other accounting electives (advanced accounting, government/nonprofit accounting, and corporate/partnership taxation) were retained. The Department changed the graduate program to integrate it with the undergraduate program producing a true five-year program. The number of prerequisite courses was reduced to three accounting courses – six hours in financial accounting and three hours in managerial. The number of tracks was reduced to two: Assurance Services and Management Accounting. The Assurance Services track qualifies as an Internal Audit Endorsed Program (IAEP) with the Institute of Internal Auditors. Accounting faculty felt that having only two tracks focuses the department resources while giving students some choice.

Student Recruitment and Retention

The Department relies on the Colleges Undergraduate Advising Office for student advising during the first and final semester of a student’s matriculation. Department faculty, coordinated by the Undergraduate Student Advisor, advise undergraduate students beginning with the student’s second semester and continuing until the semester before their final semester. The Undergraduate Student Advisor advises all students seeking a second undergraduate degree in accounting and the Graduate Program Director advises all MSA students. Both accounting student organizations, Beta Alpha Psi (BAP) and the Managerial Auditing and Accounting Club (MAAC), had excellent years with increased membership and attendance. MAAC continues to be the only student chapter of the Association of Government Accounting. During AY07, the Department plans to make the MAAC evening division the student association for MSA students. The Vice President – Evening for AY07 is a graduate student. The Department also plans to advertise its MSA program in local newspapers and hold at least one open house for prospective candidates. Also during AY07, the Department working with the University Career Management Center plans on holding the first Accounting Job Fair in approximately 18 years.

Financial Strategies

The Department raised $40,500 in “soft” funds from the following sources during AY06: • $18,000 in contributions on the Department’s behalf to the University

Education Foundation (compared to $17,500 in AY05, $21,500 in AY04, $17,000 in AY03 and $13,333 average during AY00-02)

• $8,000 in funds from the Department’s annual DOA 5k race (compared to $8,000 in AY05 and $5,000 in AY04)

• $5,000 in funds from the CPA Review Course (compared to $5,000 in FY05)

• $9,500 in funds from offering mandatory Ethics Training for CPAs (compared to $9,500 in FY05).

College support for faculty travel increased in AY06 to $1000 per tenure track faculty from $800 during AY05. Reviewing the trends in obtaining “soft” funds, it appears that the amount of soft funds that the accounting department can raise has leveled off at approximately $40,000. This is acceptable given that the Department’s fundraising efforts are focused on the capital campaign and the establishment of endowed chairs. Consequently, the Department remains committed to obtaining $40,000 in “soft” money during AY07. The biggest fundraising news of AY05 dealt with the announcement by Dean Bagranoff that the College would work with the department to raise funds for three $500,000 Accounting professorships. During AY06, Dean Bagranoff, Chair Ziegenfuss, and the College’s Major Gifts Coordinator, Michael Walker, formed a steering committee to coordinate the Endowed Accounting Professorship drive, identified potential donors, assigned potential donors to the members of the steering committee and began calling on potential donors. This activity will be continued in AY07.

Faculty Sufficiency and Faculty Intellectual Contributions and Qualifications


Tenured Faculty: AY05: AY06: Douglas Ziegenfuss 1 2 Otto Martinson 0 1 Timothy Mckee 0 0 Laurie Henry 1 0

Untenured: Yin Xu 2 0 Robert Pinsker 2 4


During AY06, the Department successfully hired two established accounting academics: Francis Kim, from The City University of Hong Kong, and Michael Stein, from The University of Oregon. Upon successfully hiring the two tenure track faculty, the Department released two non-tenure track instructors. This personnel action raised the percentage of Academically Qualified to Professionally Qualified faculty, from 6/6 to 8/4, or from 50% to 67%. Both newly hired professors bring proven records of high quality academic research with them to the faculty.

Several faculty members attended continuing education programs put on by AACSB, Accounting Program Leadership Group (APLG)/Federation of Schools of Accountancy (FSA), PricewaterhouseCoopers, and the Virginia Society of Certified Public Accountants. For the second year in a row, both the Department Chair and Graduate Program Director attended both the AACSB Accounting Accreditation Workshop and the Joint Accounting Program Leaders Group/ Federation of Schools of Accountancy seminar to keep up to date on accounting accreditation.

Research productivity increased slightly from AY06. As in AY05, newly hired faculty members are producing quality journal articles while longer serving faculty members are maintaining their productivity at an acceptable level. During AY07, the Department plans to increase the quality and quantity of its refereed publications.

AY07 Plans In summary, the Department plans on doing the following during AY07:

1. Revising its goals and objectives to ensure they are effective in measuring the

Department’s progress toward its mission. 2. Conducting a comprehensive assessment during AY07 and using its results in

curriculum revision. 3. Advertising the MSA program in local newspapers and holding at least one open

house for prospective students. 4. Hold at least one job fair exclusively for accounting students. 5. Raise $40,000 in “soft” funds while obtaining major contributions for the

endowed accounting chairs. 6. Increase the quantity and quality of refereed journal articles produced by

accounting faculty.

Attachment 1 (to Appendix 9): AY06 SUMMARY OF UNDERGRADUATE ASSESSMENT

INTRODUCTION This report documents the results of assessment methods conducted by the Department of Accounting Faculty for the BSBA in Accounting program during Academic Year (AY) 06. During the Fall 04 semester, Department Faculty developed learning objectives for five learning goals: Ethics, Written Communication, Analytical Problem Solving, Global Perspective, and Accounting and Business Knowledge. The faculty then identified potential direct and indirect methods for assessing student attainment of the learning goals and objectives. The faculty implemented the assessment methods initially during the Spring 05 semester. Based on the results of that initial assessment, the faculty then revised its undergraduate and graduate curriculum and modified the learning objectives. The faculty then implemented the revised assessment methods during the Spring 06 semester with the sole exception of Acct 450 which was not offered during the Spring 06 semester.

DOCUMENTATION Attached to this summary are the following documents:

(1) BSBA Accounting Assessment Plan; (2) Assessment Documentation for Acct 301; (3) Assessment Documentation for Acct 302; (4) Assessment Documentation for Acct 311; (5) Assessment Documentation for Acct 317; (6) Assessment Documentation for Acct 411; (7) Assessment Documentation for Acct 421; and, (8) Assessment Documentation for the Undergraduate Assessment Exam.

RESULTS The following is a discussion of assessment results by learning goal: Ethics: Students in Acct 301, primarily juniors, and Acct 411, primarily seniors, did meet the assessment goal. The indirect measure results are not available but will be during the Fall 06 semester. The Acct 301 students did not meet the goal during the previous assessment study. This shows some improvement but still we are only able to conclude that the accounting or business curriculum might be having some positive impact on accounting students’ ethical sensitivity. Written Communication: Students in both Acct 302 and 317 met the learning goals. Indirect measures are not available. Analytical Problem Solving: Students in Acct 301, 311, 302, 317, 411, and 421 met the learning goals. Indirect measures are not available.

Global Perspective: Students in Acct 302 met the learning goal. Acct 450 was not taught during the Spring 06 semester. Furthermore as an elective, it is not the appropriate course to have this assessment done. Accounting and Business Knowledge: The Accounting Faculty developed an assessment exam covering the subject matter from all required Accounting courses. It was given during the final exam time in Acct 411. Students met the learning goal for both sections of the course. The students also met the learning goals in Acct 301, 302, 311, 317, and 421. Results were not available for the indirect measures.

RECOMMENDATIONS Based on the results documented above, the following recommendations are made:

1. Continue to monitor student performance on the “Ethics” case in Acct 301 and revise course content if students continue to not meet the learning goal.

2. A case covering the “Global Perspective” learning goal should not be required in Acct 450; coverage is acceptable in Acct 302 which is a required course.

3. “Pass rates on the CPA Exam until July 2006” and “Employer evaluations of Acct Interns,” currently listed as direct measures of “Accounting and Business Knowledge,” should be listed as indirect measures.

4. Complete the indirect measures by the Fall 06 Semester.

Attachment 3 (to Appendix 9):: 06 MSA ASSESSMENT SUMMARY

INTRODUCTION This report documents the results of assessment methods conducted by the Department of Accounting Faculty for the MS in Accounting (MSA) program during Academic Year (AY) 06. During the Fall 04 semester, Department Graduate Faculty developed learning objectives for five learning goals: Ethics, Written Communication, Analytical Problem Solving, Global Perspective, and Accounting and Business Knowledge. The faculty then identified potential direct and indirect methods for assessing student attainment of the learning goals and objectives. The faculty implemented the assessment methods initially during the Spring 05 semester. Based on the results of that initial assessment, the faculty then revised its undergraduate and graduate curriculum and modified the learning objectives.

DOCUMENTATION Attached to this summary are the following documents: (1) MSA Accounting Assessment Plan; and (2) Assessment Documentation for Acct 631.

RESULTS The following is a discussion of assessment results by learning goal:

Ethics: Students in Acct 631 completed three cases from the Arthur Andersen video, “Business Ethics.” Their performance was graded based on the information in the course syllabus and a case study spreadsheet. The students met the learning goal. The indirect measure results are not available. Written Communication: Students in Acct 631 completed 8 cases. Their performance was graded based on the information in the course syllabus and a case study spreadsheet. The students met the learning goal. The indirect measure results are not available. Oral Communication: Students in Acct 631 completed a literature review. Their performance was graded based on the information in the course syllabus and a presentation spreadsheet. The students met the learning goal. The indirect measure results are not available. Analytical Problem Solving: Students in Acct 631 completed a comprehensive audit case, “Apple Blossom Cologne Company.” Their performance was graded based on the information in the course syllabus. The students met the learning goal. The indirect measure results are not available. Global Perspective: The direct and indirect measure results are not available.

RECOMMENDATIONS Based on the results documented above, the following recommendations are made:

1. Complete the indirect measures by the Fall 06 Semester and the direct measures for Acct 630 by the Fall 06 Semester.

2. Obtain the results for the global issues case/problem in Acct 630. 3. Administer the first MSA assessment exams to students graduating during the FALL 06

semester.

APPENDIX 10: ONGOING PROFESSIONAL INTERACTION:

FACULTY MEMBER AQ/PQ

STATUS Professional Certifications

ONGOING PROFESSIONAL INTERACTION

Dr. Nancy Bagranoff AQ

AAA Vice President; AICPA Committee; BAP Advisory; President Economics Club of Hampton Roads; Numerous presentations on Business/Accounting Ethics; Chair, College Executive Advisory Board; Treasurer, Local Non-profit Foundation; etc.,

Dr. Douglas Ziegenfuss AQ

CPA, CMA, CIA, CFE,

CGFM, CCSA, CISA,

CrFa,CITP

Board member Institute of Internal Auditors Research Foundation; Board Member, Tidewater Chapter, IIA and ACFE; Annually coordinates Williamsburg Fraud Conference; Annually develops and delivers 35 2-hour Required Ethics CPE sessions for Virginia CPAs; Regularly attends Tidewater Chapter VSCPA, IIA, AGA, CPE events; etc.

Dr. Otto Martinson AQ

CPA, CMA, CFM, CFE,

CGFM

Is one of most highly sought after presenters for the CBPA Executive Training Center; Member Board of Examiners, CMA Exam; regularly provides governance/strategic planning services for a large regional bank CEO; etc.

Dr. Timothy Mckee PQ CPA, CGFM

Provides tax preparation and consulting services; board member Hampton Roads Tax Forum; Member T & C section AAA committee.

Dr. Laurie Henry AQ CPA, CGFM

Regularly gives briefings to local governments on GASB pronouncements; regularly attends Tidewater Chapter, VSCPA CPE events

Dr. Chansog Kim AQ

Regularly attends and participates in European Financial Management Association meetings; regularly serves as reviewer discussant for finance associations meetings.

Dr. Michael Stein AQ

Regularly co-authors with practitioners on research; consults with national/international firms concerning audit risk assessment.

Dr. Yin Xu AQ CPA

Regularly uses practitioners as subjects in her research; Regularly attends the Ethics Training sessions for Virginia CPAs;

FACULTY MEMBER AQ/PQ

STATUS Professional Certifications

ONGOING PROFESSIONAL INTERACTION

Dr. Robert Pinsker AQ CPA

Board Member, Tidewater Chapter, VSCPA; coordinated Tidewater Chapter, VSCPA IT Day; regularly attends FSA Deloitte Educators Colloquium.

Mr. Walter Berry PQ CPA

Managing Partner local CPA practice; regularly provides tax and business consulting services to local businesses; regularly attends Tidewater Chapter, VSCPA CPE events.

Ms. Patricia Doherty PQ CPA

Completed a year long sabbatical in which she installed and maintained a management information system for a regional architectural firm; regularly attends Tidewater Chapter, VSCPA CPE events.

Ms. Terry Kubichan PQ CPA, CMA

CFO/Controller Local Heating Air Conditioning Business; Regular attends CPE events given by Tidewater Chapter, VSCPA; attended PWC University.

Mr. Randall Spurrier PQ CPA

Board Member, Treasurer, Secretary, Tidewater Chapter, VSCPA; Faculty Advisor ODU Chapter BAP; Coordinates Student Night with area firms and colleges/universities; provides accounting/consulting services for area businesses; regular attends Tidewater Chapter, VSCPA CPE events.

APPENDIX 11: Tables 9-1, 10-1, 10-2 – Fall 2006; Spring 2007

TABLE 9-1 SUMMARY OF FACULTY SUFFICIENCY IN DISCIPLINE AND SCHOOL

Re: Standard 9 - using Student Credit Hours - Fall 2006

Name

Participating or

Supporting (P or S)

Amount of

teaching if P

Amount of

teaching if S % SCH by P

TOTAL SCH

ACCOUNTING Berry, Walter P 477 Doherty, Pat P 462 Henry, Laurie P 132 Kim, Chansog P 153 Kubichan, Terry P 405 Martinson, Otto P 79 McKee, Timothy P 519 Pinsker, Robert P 207 Spurrier, Randall P 393 Stein, Michael P 231 Xu, Yin P 159 Ziegenfuss, Douglas P 111 Alsubaie, Abdullah S 90 Carney, David S 51 Farquer, Robert S 300 Porter, Debra S 72 Raza, Shan S 93 Total Accounting 3328 606 84.60% 3934

TABLE 9-1 SUMMARY OF FACULTY SUFFICIENCY IN DISCIPLINE AND SCHOOL

Re: Standard 9 - using Student Credit Hours - Spring 2007

Name

Participating or

Supporting (P or S)

Amount of

teaching if P

Amount of teaching if

S % SCH by P TOTAL SCH

ACCOUNTING Berry, Walter P 555 Doherty, Pat P 501 Henry, Laurie P 171 Kim, Chansog P 111 Kubichan, Terry P 372 Martinson, Otto P 99 McKee, Timothy P 537 Pinsker, Robert P 276 Spurrier, Randall P 378 Stein, Michael P 228 Xu, Yin P 135 Ziegenfuss, Douglas P 135 Carney, David S 147 Chiusano, Peter S 57 Farquer, Robert S 99 King, Carolyn S 150 Porter, Debra S 120 Total Accounting 3498 573 85.92% 4071

TABLE 10-1: SUMMARY OF FACULTY QUALIFICATION, INTELLECTUAL CONTRIBUTIONS – Fall 2006

AND PROFESSIONAL RESPONSIBILITIES (RE: Standards 2 & 10)1

Number of Contributions during the last five years

Learning & Pedagogical Scholarship5

Discipline-Based

Scholarship5

Contributions to Practice5

Normal

Professional Responsibilities6

Name2

Highest Earned

Degree & Year

Date of

First Appt.

to School

Percent of

Time Dedicated to the School’s

Mission3

Acad Qual4

Prof Qual4

Other4

PRJ OIC PRJ OIC PRJ OIC

Accounting

Bagranoff, Nancy (Dean) DBA – 1986

2003 100 YES 2 1 3 18 ADM, SER

Berry, Walter MBA – 1977

1977 100 YES UG, SER

Carney, David MACC - 2006 25 YES UG

Doherty, Patricia MBA- 1991


Farquer, Robert MS – Assr. Svcs - 2006

2006 25 YES UG

Henry, Laurie PhD - 1993 1993 100 YES 1 2 3 UG/GR, SER, RES

Kim, Chansog (Francis) PhD - 1994 2006 100 YES 6 6 UG/GR, SER, RES

Kubichan, Terry MSA – 1995


Martinson, Otto DBA - 1969

1989 100 YES 1 3 1 1 4 15 GR, SER, RES

McKee, Timothy JD – 1979 1985 100 YES 1 5 UG/GR, SER, RES

Pinsker, Robert PhD – 2002

2002 100 YES 2 4 8 3 3 UG/GR, SER, RES

Porter, Debra MSA – 1996

1996 25 YES UG

Raza, Shan MSA – 2001

2001

25 YES UG

Spurrier, Randall MBA – 1968


Stein, Michael PhD - 1988 2006 100 YES 2 7 UG/GR, SER, RES

TABLE 10-1: SUMMARY OF FACULTY QUALIFICATION, INTELLECTUAL CONTRIBUTIONS – Fall 2006 AND PROFESSIONAL RESPONSIBILITIES

(RE: Standards 2 & 10)1

Number of Contributions during the last five years Learning & Pedagogical Scholarship5

Discipline-Based

Scholarship5


Normal


Name2

Highest Earned

Degree & Year

Date of

First Appt.

to School

Percent of


Mission3

Acad Qual4

Prof Qual4

Other4


Xu, Yin PhD - 2001 2001 100 YES 7 12 1 UG/GR, SER, RES

Ziegenfuss, Douglas PhD – 1988

1988 100 YES 2 1 3 3 22 ADM, UG/GR, SER, RES

TABLE 10-1: SUMMARY OF FACULTY QUALIFICATION, INTELLECTUAL CONTRIBUTIONS – Spring 2007

AND PROFESSIONAL RESPONSIBILITIES - (RE: Standards 2 & 10)1

Number of Contributions during the last five years Learning & Pedagogical Scholarship5

Discipline-Based

Scholarship5


Normal


Name2

Highest Earned

Degree & Year

Date of

First Appt.

to School

Percent of


Mission3

Acad Qual4

Prof Qual4

Other4


Accounting

Bagranoff, Nancy (Dean) DBA – 1986

2003 100 YES 2 1 3 18 ADM, SER

Berry, Walter MBA – 1977


Carney, David MACC - 2006 50 YES UG

Chiusano, Peter JD - 1990 2006 25 YES UG/GR

Doherty, Patricia MBA- 1991


Farquer, Robert MS – Assr. Svcs - 2006

2006 25 YES UG

Henry, Laurie PhD - 1993 1993 100 YES 1 2 3 UG/GR, SER, RES

Kim, Chansog (Francis) PhD - 1994 2006 100 YES 6 6 UG/GR, SER, RES

King, Carolyn MSA – 1984

1984 25 YES

Kubichan, Terry MSA – 1995


Martinson, Otto DBA - 1969

1989 100 YES 1 3 1 1 4 15 GR, SER, RES

McKee, Timothy JD – 1979 1985 100 YES 1 5 UG/GR, SER, RES

Pinsker, Robert PhD – 2002

2002 100 YES 2 4 8 3 3 UG/GR, SER, RES

Porter, Debra MSA – 1996

1996 25 YES UG

Spurrier, Randall MBA – 1968


TABLE 10-1: SUMMARY OF FACULTY QUALIFICATION, INTELLECTUAL CONTRIBUTIONS – Spring 2007 AND PROFESSIONAL RESPONSIBILITIES - (RE: Standards 2 & 10)1

Number of Contributions during the last five years

Learning & Pedagogical Scholarship5

Discipline-Based

Scholarship5


Normal


Name2

Highest Earned

Degree & Year

Date of

First Appt.

to School

Percent of


Mission3

Acad Qual4

Prof Qual4

Other4


Stein, Michael PhD - 1988 2006 100 YES 2 7 UG/GR, SER, RES

Xu, Yin PhD - 2001 2001 100 YES 7 12 1 UG/GR, SER, RES

Ziegenfuss, Douglas PhD – 1988

1988 100 YES 2 1 3 3 22 ADM, UG/GR, SER, RES

TABLE 10-2. CALCULATIONS RELATIVE TO DEPLOYMENT OF QUALIFIED FACULTY - Fall 2006

(RE: Standard 10)

Name

Qualification (Academic-AQ,

Professional-PQ, Other-O)

(FROM TABLE 10-1)

AQ Faculty % of time devoted to

mission (FROM TABLE 10-

1)

PQ Faculty % of time devoted to


1)

Other Faculty % of time devoted to


1)

Qualification ratios per

Standard 10 - AQ %


Standard 10 - AQ/PQ%

Accounting Alsubaie, Abdullah AQ 25 Bagranoff, Nancy AQ 100 Berry, Walter PQ 100 Carney, David PQ 25 Doherty, Patricia PQ 100 Farquer, Robert PQ 25 Henry, Laurie AQ 100 Kim, Chansog (Francis) AQ 100 Kubichan, Terry PQ 100 Martinson, Otto AQ 100 McKee, Timothy PQ 100 Pinsker, Robert AQ 100 Porter, Debra PQ 25 Raza, Shan PQ 25 Spurrier, Randall PQ 100 Stein, Michael AQ 100 Xu, Yin AQ 100 Ziegenfuss, Douglas AQ 100 Total Accounting 825 600 0 57.89% 100.00%

TABLE 10-2. CALCULATIONS RELATIVE TO DEPLOYMENT OF QUALIFIED FACULTY - Spring 2007

(RE: Standard 10)

Name

Qualification (Academic-AQ,

Professional-PQ, Other-O)

(FROM TABLE 10-1)

AQ Faculty % of time devoted to


1)

PQ Faculty % of time devoted to


1)

Other Faculty % of time devoted to


1)


Standard 10 - AQ %


Standard 10 - AQ/PQ%

Accounting Bagranoff, Nancy AQ 100 Berry, Walter PQ 100 Carney, David PQ 50 Chiusano, Peter PQ 25 Doherty, Patricia PQ 100 Farquer, Robert PQ 25 Henry, Laurie AQ 100 King, Carolyn PQ 25 Kim, Chansog (Francis) AQ 100 Kubichan, Terry PQ 100 Martinson, Otto AQ 100 McKee, Timothy PQ 100 Pinsker, Robert AQ 100 Porter, Debra PQ 25 Spurrier, Randall PQ 100 Stein, Michael AQ 100 Xu, Yin AQ 100 Ziegenfuss, Douglas AQ 100 Total Accounting 800 650 0 55% 100%

Appendix 12 Panel A: BSBA in ACCOUNTING LEARNING OBJECTIVES FOR ASSESSMENT –

AACSB & SACS (Summary) Learning Goal Learning Goal Objective Assessment Method

Sp 06

Fall 06

Sp 07

Action

1

Ethics Students will have the capability to recognize ethical issues in business.

Students can recognize and analyze ethical dilemmas and select a resolution for practical accounting situations, such as:

• Choosing/Changing Accounting Principles (Acct 301, 302)

• Earnings Manipulation (Acct 301, 302)

• Overproduction Problem/Absorption Costing (Acct 311)

• Fraud (Acct 460) • Internal Controls (Acct

460) • PCAOB/SOX (Acct 460) • Trust Service (Acct 460) • Auditing (Acct 460) • Tax Avoidance vs. Tax

Evasion (Acct 421) • Tax Preparer

Responsibility (Acct 421)

For courses identified in Learning Objectives: Graded homework case study including at least one ethical issue. At least 75% of students will receive a grade of 70% on the resolution.

Not Met NA NA NA NA NA NA NA NA NA

Not Met NA NA NA NA NA NA NA NA NA

Met Met Met Met Met Met Met Met Met Met

None None None None None None None None None None

2

Communication Students will be effective communicators.

Students can communicate an issue in a coherent written presentation. Students will be able to write clearly using proper grammar

UndergraduatesACCT 302 paper graded for punctuation, spelling, vocabulary, argument, grammar. At least 75% of

Met

Met

NA

None

Learning Goal Learning Goal Objective Assessment Method

Sp 06

Fall 06

Sp 07

Action

and spelling. Students will be able to communicate an issue in a coherent oral presentation

students will achieve a grade of 70%. ACCT 460 group systems design project graded for punctuation, spelling, vocabulary, argument, grammar. Uses a rubric. At least 75% of students will achieve a grade of 70%. ACCT 460 students will complete a oral presentation graded for punctuation, spelling, vocabulary, argument, grammar. Uses a rubric. At least 75% of students will achieve a grade of 70%.

Met Met

Met Met

Met Met

None None

3

Analytical Problem Solving Students can apply methods from a variety of disciplines to solve business problems.

Students will be able to apply accounting theories to solve business reporting problems.

ACCT 301 and ACCT 302 case studies graded for choice of accounting theories, quantitative analysis, and logical reasoning. At least 75% of students will achieve a grade of 70%. ACCT 460 group systems design project graded for choice of appropriate info technology and accounting controls, and on management and marketing concepts. Uses

Met Met

Met Met

Met Met

None None


Sp 06

Fall 06

Sp 07

Action

a rubric. At least 75% of students will achieve a grade of 70%. ACCT 460 individual computer project using Microsoft Great Plains software requires entries to all accounting systems and understanding of integration of all business functions. Graded for choice of accounting entries At least 75% of students will achieve a grade of 70%.

Met

Met

Met

None

4

Global Perspective- Students will have a global business perspective.


ACCT 302 graded case study contains international accounting issues. At least 75% of students will achieve a grade of 70%.

Met Met Met None

5 Accounting and Business Knowledge- Students will have competency in basic accounting and business

Students will be able to identify and solve accounting issues in financial and management accounting, tax, and accounting information systems Students will be able to apply basic business principles to accounting related problems.

Fall 2006 Accounting competency exam given in ACCT 460 At least 75% of students will achieve a grade of 70%. Employer evaluations of ACCT interns. ACCT 301 and ACCT 302

Met

Not Met

Not Met

To be determined during Fall 07 semester.


Sp 06

Fall 06

Sp 07

Action

graded case studies on financial accounting issues. At least 75% of students will achieve a grade of 70%. ACCT 311 graded problems on managerial accounting issues. At least 75% of students will achieve a grade of 70% ACCT 460 graded comprehensive individual project using Microsoft Great Plains software. At least 75% of students will achieve a grade of 70%. ACCT 460 graded group systems development project for revenue or expenditure system. Uses a rubric. At least 75% of students will achieve a grade of 70%. ACCT 421 graded homework problem on personal tax issues. At least 75% of students will achieve a grade of 70%.

Met Met Met Met Met

Met Met Met Met Met

Met Met Met Met Met

None None None None None

Appendix 12 Panel B: MASTER OF SCIENCE IN ACCOUNTING LEARNING OBJECTIVES FOR

ASSESSMENT AACSB & SACS (Summary)

Area and Learning

Goals Learning Objectives Direct Assessment Sp 06 Sp 07 Action

1 Ethics- Students will have the capability to recognize ethical issues in accounting.

Students can recognize and analyze ethical dilemmas and select a resolution for accounting situations.

Ethics case with multiple embedded ethic scenarios in Acct 631. At least 75% of students will receive a grade of “B” or greater on the resolution.

Met Met None

2 Written and Oral Communication- Students will be effective communicators.

Students can communicate an issue in a coherent verbal or written presentation. Students will be able to write clearly using proper grammar and spelling.

Writing assignments in Acct 631 will be graded for punctuation, spelling, vocabulary, argument, grammar, etc. Class oral presentations in Acct 631 will be graded. At least 75% of students will receive a grade of “B” or greater on the resolution.

Met Met None

Area and Learning Goals

Learning Objectives Direct Assessment Sp 06 Sp 07 Action

3 Analytical problem solving- Students can assess situations and apply various analytical methods to solve business problems.

Students will be able to apply financial analysis, using accounting and operating information, in making business decisions and solving business problems.

Cases in Acct 631 will include problems/cases that require financial analysis to make decisions and/or solve some business problems. It will be graded separately. At least 75% of students will receive a grade of “B” or greater on the resolution.

Met Met None

4 Global perspective - Students will have a global business perspective.


In Acct 630 students will have a problem/case on the final exam involving a global environment issue. It will be graded separately. At least 75% of students will receive a grade of “B” or greater on the resolution.

NP Not Met

Course Content Change

swot analysis of ais

Documents

accounting academic

managerial accounting

faculty eligible

low faculty salaries

ethical accounting graduates

additional aq faculty

courses sufficiency

mission statement