APLG/FSA Annual Meeting February 11, 2013 Jon Davis University of Illinois and and Jerry Trapnell

Two members from BRC (Jan Williams and George Krull) and involvement with Pathways Commission Current chair and vice-chair of AAC (Jon Davis and Ray Whittington) Past chair of AAC (Jan Williams) Current and past members of AAC (George Krull, Mary Stone, and Dick Dietrich) Wealth of peer review experience with business and accounting reviews

 Relied on work of BRC Pathways Commission report issued in August 2012 Presentation at 2012 AAA meeting Discussions at AAC meetings Discussions at 2012 APLG/FSA Annual Seminar to initiate dialogue

Timetable Toward April 2013

Jan. 16 Distribution of revised, updated standards to Working Group Jan. 19 Exposure draft released to AACSB membership and public Jan. 23-25 AACSB Deans Conference Feb. 9-11 APLG/FSA Presentations on Acct Stds April 8 Vote by Accreditation Council March - December 2013 Committee, PRT and mentor training

Working Group Charge and Status

Comprehensive review of:
Accreditation standards and eligibility criteria Completed Accreditation processes and related organizational structure On-going Accreditation support services On-going

Items 2 & 3 On-going responsibility will be turned over to the Accreditation Quality Committee Working Group sunsets May 15, 2013

 Reduces 15 acct standards to 10 Incorporates 9 applicable business standards into one standard (A1) but focuses only on incremental, unique reporting if necessary Focus is on unique attributes of quality and continuous improvement for accounting academic units Follows same structure as the business standards

 Focuses on supporting the evolution of accounting as a learned profession Recognizes the importance of student outcomes on professional examinations for licensure where mission includes this focus Aligns well with the Pathways Commission Report recommendations on faculty and student professional engagement and interactions, enhanced curricula content on technology, and faculty credentials reflecting the profession

Whats Changed contd

Standard A1 identifies the business standards the accounting academic unit must meet as part of business accreditation. Reporting only if unique facts to be shared. Standards A2, A3, A4, A5, A6, A10 follow business standards but require acct units to report in depth. Some unique expectations added Standards A7, A8, and A9 unique accounting standards on curricula, IT expectations, and faculty professional experience and credentials

Continues this theme from the business standards exposure draft

Demonstrating commitment to core values and Guiding Principles

Criteria 1: Ethical Behavior Criteria 2: Collegiate Setting Criteria 3: Commitment to Corporate Social Responsibility

Setting and framing the foundation for review.

Criteria 4: Accreditation Scope and AACSB Membership Criteria 5: Oversight, Sustainability, and Continuous Improvement Criteria 6: Policy on Continued Adherence to Standards and Integrity of Submissions to AACSB

Section 2: Standards for Accounting Accreditation

Std A1
Applicable Business Standards Standard 4 Student Admissions, Progression, and Career Development Standard 6 Faculty Management and Support Standard 7 Professional Staff Sufficiency and Deployment Standard 9 Curricula Content (for business) Standard 10 Student-Faculty Interactions

Std A1 Contd
Applicable Business Standards Contd Standard 11 Degree Program Educational Level, Structure, and Equivalence Standard 12 Teaching Effectiveness Standard 13 - Student Academic and Professional Engagement Standard 14 Executive Education

Accounting-Business Stds Links

Std A2 (Mission, etc) Std A3 (Intellectual Contributions) Std A4 (Financial Strategies, etc.) Std A5 (Faculty sufficiency) Std A6 (Curricula Mgt) Std 1 (Mission) Std 2 (Intellectual Contributions) Std 3 (Financial Strategies, etc.) Std 5 (Faculty Sufficiency)

Std. 8 (Curricula Mgt)

Accounting-Business Stds Links

Std A7 (Acct Curricula Content) Std A8 (Acct Info Technology Outcomes) Std A9 (Faculty Professional Experience and Credentials) Std A10 (Acct Faculty Qualifications, Engagement/Professional Interactions) None (Structured like Std. 9) None

None
Std 15 (Faculty Qualifications and Engagement)

Accounting Mission, Impact, and Innovation

Deepening our understanding of mission

Strategic Management and Innovation

Accounting Intellectual Contributions and Alignment with Mission

Beyond counting: valuing the impact and quality of scholarship

Strategic Management and Innovation

Accounting Financial Strategies and Allocation of Resources

Financial strategies to sustain quality and innovation

Strategic Management and Innovation

Standard A5:

Accounting Faculty Sufficiency and Deployment

Ensuring an appropriate level of engaged faculty

Participants: Students, Faculty, and Professional Staff

Standards A6-A8:

Accounting Curricula Management and Assurance of Learning

Giving context to Assurance of Learning

Learning and Teaching

Accounting Curricula Content

Fostering innovation with flexible guidance and clarified expectations

Learning and Teaching

Std A8
Accounting Related Information Technology Outcomes
Addressing emerging demands for enhanced understanding of technological impact

Standards A9-A10:

Std A9
Accounting Faculty Professional Experience and Credentials
Linking accounting faculty to the accounting profession

Accounting Faculty Qualifications and Engagement/Professional Interactions

Elevating scholarship and developing intersections between theory and practice

Academic and Professional Engagement

Sustained engagement activities Academic (Research/Scholarly) Significant professional experience Doctoral degree Scholarly Practitioners (SP) Applied/Practice Instructional Practitioners (IP) Practice Academics (PA)

Initial academic preparation and professional experience

Scholarly Academics (SA)

SA + PA + SP + IP 90 percent SA + PA + SP 60 percent SA 40 percent

Timeframe from this Point

By February 20, 2013, finalize draft based on input from this meeting and other input from the AACSB constituency Obtain Accounting Standards Working Group Approval and final approval by AACSB Board of Directors Issue official notice of vote with final versions of business and accounting standards with voting directions

Questions and Comments