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

SP-1B

SP-1C

Maintain activities for, and interactions with, college alumni. Build relationships with area accounting firms and businesses through visits by Chair and Faculty. 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.

PERSPECTIVES

GOAL NUMBER

GOAL

ACTION ITEM NUMBER

ACTION ITEM

Student Perspective
SP-2B Encourage practical work experiences internships. Encourage qualified Accounting majors to enter our MSA program. Encourage tracking of graduate placements by the Office of Graduate Studies. Work with Accounting Advisory Council to promote visibility of our programs and graduates. Work with MAAC and Beta Alpha Psi to help students be more proactive in developing themselves for professional careers.

SP-2C

SP-2D

SP-2E

SP-2F

PERSPECTIVES Financial Perspective

GOAL NUMBER

GOAL

ACTION ITEM NUMBER

ACTION ITEM

FP-1

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

FP-1A

FP-1B

FP-1C

Maintain activities for, and interactions with, college alumni. Build relationships with area accounting firms and businesses through visits by Chair and Faculty. 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

FP-2B

Increase participation in CPA review programs. Continue offering the mandatory CPA ethics training. Continue the annual DOA 5k Run. Develop other fundraising programs.

FP-2C FP-2D

PERSPECTIVES Internal Business Perspective

GOAL NUMBER

GOAL

ACTION ITEM NUMBER

ACTION ITEM

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

IP-1B

IP-1C

IP-1D

IP-1E

Continue curriculum assessment to ensure development of knowledge and skills desired by employers. Offer opportunities for faculty to attend workshops and conferences that are teaching-related. Encourage faculty to take advantage of opportunities offered by the Center for Learning Technologies and to adopt new technologies. Assign faculty schedules to best match expertise and training to appropriate curriculum levels. Ensure that performance evaluation system rewards high quality classroom instruction.

PERSPECTIVES Internal Business Perspective

GOAL NUMBER

GOAL

ACTION ITEM NUMBER

ACTION ITEM

IBP-2

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

IBP-2A

IBP-2B

Recruit and retain high quality research faculty. Provide research support through workload policy, travel funding, summer research grants, graduate assistant support, and acquisition of databases.
Participate in Dean's Research Seminar (Faculty, Chairs)

IBP-2C

IBP-3

Increase service to profession and community.
(Measures are program offerings and faculty participation/leadersh ip in organizations.)

IBP-3A

Continue faculty involvement in professional academic associations and in community professional and social organizations.

PERSPECTIVES Innovation and Learning Perspective

GOAL NUMBER

GOAL

ACTION ITEM NUMBER

ACTION ITEM

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

ILP1B

Increase funding for faculty and staff travel and/or enrollment in training programs. Promote interactions among faculty to increase transfer of knowledge between faculty members.

Appendix 3 - Department of Accounting Financial Strategy Chart
ACTION ITEM NUMBER
SP-1A

ACTION ITEM

ACTIVITIES AND RESOURCES NEEDED
Hold two social events and one annual meeting – Approximately $2500 annually Present Required Ethics CPE for Virginia CPAs – no actual funds required

SOURCE

STATUS AS OF 06/07

Maintain activities for, and interactions with, college alumni.

Accounting Alumni Chapter Funds Area Accounting Firms and Businesses

Accomplished

SP-1B

SP-1C

Build relationships with area accounting firms and businesses through visits by Chair and Faculty. Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting. Continue curriculum assessment to ensure development of knowledge and skills desired by employers. Encourage practical work experiences internships.

Accomplished

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

CPA Firms

Approximately $250,000 raised to date

SP-2A

SP-2B

Time and Talent by Acct. Faculty- no funds required Time and Talent by Undergraduate Internship Director and MSA Graduate Program Directorno funds required Time and Talent by Acct. Faculty- no funds required Office of Graduate Studies – no funds required Chair and Accounting Advisory Councilno funds required

Acct Faculty Accomplished Undergraduate Internship Director and MSA Graduate Program Director Accomplished

SP-2C

Encourage qualified Accounting majors to enter our MSA program. Encourage tracking of graduate placements by the Office of Graduate Studies. Work with Accounting Advisory Council to promote visibility of our programs and graduates.

Acct Faculty

Accomplished Have not accomplished this

SP-2D

Chair

SP-2E

Chair

Accomplished

ACTION ITEM NUMBER

ACTION ITEM

ACTIVITIES AND RESOURCES NEEDED

SOURCE

STATUS AS OF 06/07

SP-2F

FP-1A

Work with MAAC and Beta Alpha Psi to help students be more proactive in developing themselves for professional careers. Maintain activities for, and interactions with, college alumni.

Time and Talent by Acct. Faculty and Student Leaders – Approximately $2500 annually Hold two social events and one annual meeting – Approximately $2500 annually Present Required Ethics CPE for Virginia CPAs – source of funds

Soft Funds

Accomplished

Accounting Alumni Chapter Funds Area Accounting Firms and Businesses

Accomplished

FP-1B

FP-1C

Build relationships with area accounting firms and businesses through visits by Chair and Faculty. Work closely with development office and college Major Gifts Officer to seek funding for an Endowed Chair in Accounting. Increase participation in CPA review programs.

Accomplished

Dean and Major Gifts Officer - time and talent also $1.5 million CPA Review Course Flyer widely distributed; presentations before BAP

CPA Firms

$250,000 raised to date Accomplished

FP-2A

DACCT Funds Area Accounting Firms and Businesses Area Accounting Firms and Businesses

Accomplished

FP-2B

Continue offering the mandatory CPA ethics training. Continue the annual DOA 5k Run.

Chair – source of funds Acct Faculty Time and Talent – source of funds

Accomplished

FP-2C

Accomplished

ACTION ITEM NUMBER
FP-2D IP-1A

ACTION ITEM

ACTIVITIES AND RESOURCES NEEDED
Chair and Dean, CBPA source of funds

SOURCE

STATUS AS OF 06/07
Not Accomplished

Develop other fundraising programs. Continue curriculum assessment to ensure development of knowledge and skills desired by employers. Offer opportunities for faculty to attend workshops and conferences that are teaching-related.

Chair and Dean

IP-1B

Time and Talent by Acct. Faculty – no funds required Acct. Faculty attendance at AAA national and regional meetings, SEINFORMS – Annually approximately $30,000

Accounting Department Faculty

Accomplished

University and Dept. Travel funds

Accomplished

IP-1C

IP-1D

IP-1E

Encourage faculty to take advantage of opportunities offered by the Center for Learning Technologies and to adopt new technologies. Assign faculty schedules to best match expertise and training to appropriate curriculum levels. Ensure that performance evaluation system rewards high quality classroom instruction. Recruit and retain high quality research faculty.

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

University Resources

Accomplished

Chair and Accounting Faculty – no funds required Annual Review by Chair and Dean – no funds required Time and Talent of Chair and Accounting Faculty – no funds required

Chair and Accounting Faculty

Accomplished

Chair and Dean

Accomplished

IBP-2A

University Funds

Accomplished

IBP-2B

Provide research support through workload policy, travel funding, summer research grants, graduate assistant support, and acquisition of databases. Participate in Dean's Research Seminar (Faculty, Chairs)

IBP-2C

Chair and Dean, CBPA Time and Talent of Chair and Accounting Faculty – no funds required

College and University Funds

Accomplished

College Funds

Accomplished

ACTION ITEM NUMBER
IBP-3A

ACTION ITEM

ACTIVITIES AND RESOURCES NEEDED
Time and Talent of Chair and Accounting Faculty – approximately $30,000 annually Ethics CPE, DOA 5k race, and annual giving – approximately $30,000 annually

SOURCE

STATUS AS OF 06/07

ILP-1A

Continue faculty involvement in professional academic associations and in community professional and social organizations. Increase funding for faculty and staff travel and/or enrollment in training programs. Promote interactions among faculty to increase transfer of knowledge between faculty members.

Department funds for dues Area Accounting Firms and Businesses Time and Talent of Accounting Faculty

Accomplished

Accomplished

ILP1B

Department Meetings – no funds required.

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

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. 1153. 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 Abdel Agami Doug Ziegenfuss Otto Martinson Tim Mckee Laurie Henry Untenured Faculty: Stephen Gara, 1st yr. Yin Xu, 2nd yr. Robert Pinsker, 1st yr. Department Totals: 2 0 1 = 22 0 1 0 = 5 2 2 2 = 24 Refereed Publications 4 6 6 2 1 National Proceedings 2 1 0 0 1 Regional Proceedings 8 4 2 2 2

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.

Appendix 7 - Department of Accounting Maintenance Report AY 2003/2004
AACSB Annual Maintenance of Accreditation Report AY 2003/04 Department of Accounting College of Business and Public Administration Old Dominion University Submitted by: Douglas E. Ziegenfuss 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. 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 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 nontenure 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:
Abdel Agami Douglas Ziegenfuss Otto Martinson Timothy Mckee Laurie Henry Untenured Faculty: Stephen Gara Yin Xu Robert Pinsker Department Totals:

AY03
2 1 1 0 0

AY04
1 0 0 0 1

1 0 1 6

1 2 1 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, fortyseven 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.

Appendix 8 - Department of Accounting Maintenance Report AY 2004/2005
AACSB Annual Maintenance of Accreditation Report AY 2004/05 Department of Accounting College of Business and Public Administration Old Dominion University Submitted by: Douglas E. Ziegenfuss 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. 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. 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 Faculty scholarship as measured by refereed journal articles was distributed in the following manner during AY05 as compared to AY04:

Tenured Faculty: Abdel Agami Douglas Ziegenfuss Otto Martinson Timothy Mckee Laurie Henry Untenured Faculty: Stephen Gara Yin Xu Robert Pinsker Department Totals:

AY04
1 0 0 0 1

AY05
0 1 0 0 1

1 2 1 6

2 2 2 8

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
1

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

Assessment
Direct

Method
Indirect Employer Surveys Alumni Surveys

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

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.

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
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.

Assessment
Direct 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%.

Method
Indirect

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

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

Learning Goal

Learning Goal Objective

Assessment
Direct 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%.

Method
Indirect 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 1 EthicsStudents will have the capability to recognize ethical issues in accounting. Learning Objectives Students can recognize and analyze ethical dilemmas and select a resolution for accounting situations. Direct Assessment 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. 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 Indirect Assessment Number of Honor Code violations

2

Written and Oral CommunicationStudents 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.

Area and Learning Goals 3 Analytical problem solvingStudents can assess situations and apply various analytical methods to solve business problems.

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

Direct Assessment 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.

Indirect Assessment CPA Exam CMA Exam CIA Exam Employer surveys

4

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

Appendix 9 - Department of Accounting Maintenance Report AY 2005/2006
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. 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. 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 Faculty scholarship as measured by refereed journal articles was distributed in the following manner during AY06 as compared to AY05: Tenured Faculty: Douglas Ziegenfuss Otto Martinson Timothy Mckee Laurie Henry Untenured: Yin Xu Robert Pinsker Department Totals: 2 2 6 0 4 7 AY05: 1 0 0 1 AY06: 2 1 0 0

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 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 Nonprofit Foundation; etc., 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 2hour Required Ethics CPE sessions for Virginia CPAs; Regularly attends Tidewater Chapter VSCPA, IIA, AGA, CPE events; etc. 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. Provides tax preparation and consulting services; board member Hampton Roads Tax Forum; Member T & C section AAA committee. Regularly gives briefings to local governments on GASB pronouncements; regularly attends Tidewater Chapter, VSCPA CPE events Regularly attends and participates in European Financial Management Association meetings; regularly serves as reviewer discussant for finance associations meetings. Regularly co-authors with practitioners on research; consults with national/international firms concerning audit risk assessment. Regularly uses practitioners as subjects in her research; Regularly attends the Ethics Training sessions for Virginia CPAs;

Dr. Nancy Bagranoff

AQ

Dr. Douglas Ziegenfuss

AQ

CPA, CMA, CIA, CFE, CGFM, CCSA, CISA, CrFa,CITP

Dr. Otto Martinson

AQ

CPA, CMA, CFM, CFE, CGFM

Dr. Timothy Mckee

PQ

CPA, CGFM

Dr. Laurie Henry

AQ

CPA, CGFM

Dr. Chansog Kim

AQ

Dr. Michael Stein

AQ

Dr. Yin Xu

AQ

CPA

FACULTY MEMBER

AQ/PQ STATUS

Professional Certifications

ONGOING PROFESSIONAL INTERACTION Board Member, Tidewater Chapter, VSCPA; coordinated Tidewater Chapter, VSCPA IT Day; regularly attends FSA Deloitte Educators Colloquium. Managing Partner local CPA practice; regularly provides tax and business consulting services to local businesses; regularly attends Tidewater Chapter, VSCPA CPE events. 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. CFO/Controller Local Heating Air Conditioning Business; Regular attends CPE events given by Tidewater Chapter, VSCPA; attended PWC University. 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.

Dr. Robert Pinsker

AQ

CPA

Mr. Walter Berry

PQ

CPA

Ms. Patricia Doherty

PQ

CPA

Ms. Terry Kubichan

PQ

CPA, CMA

Mr. Randall Spurrier

PQ

CPA

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 ACCOUNTING Berry, Walter Doherty, Pat Henry, Laurie Kim, Chansog Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Spurrier, Randall Stein, Michael Xu, Yin Ziegenfuss, Douglas Alsubaie, Abdullah Carney, David Farquer, Robert Porter, Debra Raza, Shan Total Accounting

Participating or Supporting (P or S) P P P P P P P P P P P P S S S S S

Amount of teaching if P 477 462 132 153 405 79 519 207 393 231 159 111

Amount of teaching if S

% SCH by P

TOTAL SCH

90 51 300 72 93

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 ACCOUNTING Berry, Walter Doherty, Pat Henry, Laurie Kim, Chansog Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Spurrier, Randall Stein, Michael Xu, Yin Ziegenfuss, Douglas Carney, David Chiusano, Peter Farquer, Robert King, Carolyn Porter, Debra Total Accounting

Participating or Supporting (P or S) P P P P P P P P P P P P S S S S S

Amount of teaching if P 555 501 171 111 372 99 537 276 378 228 135 135

Amount of teaching if S

% SCH by P

TOTAL SCH

147 57 99 150 120 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 & DisciplineContributions Pedagogical Based to Practice5 5 5 Scholarship Scholarship PRJ OIC PRJ OIC PRJ OIC

Name

2

Highest Earned Degree & Year DBA – 1986 MBA – 1977 MACC MBA1991 MS – Assr. Svcs - 2006 PhD - 1993 PhD - 1994 MSA – 1995 DBA 1969 JD – 1979 PhD – 2002 MSA – 1996 MSA – 2001 MBA – 1968 PhD - 1988

Date of First Appt. to School

Percent of Time Dedicated to the School’s Mission3

Acad Qual4

Prof Qual4

Other4

Normal Professional Responsibilities6

Accounting Bagranoff, Nancy (Dean) Berry, Walter Carney, David Doherty, Patricia Farquer, Robert Henry, Laurie Kim, Chansog (Francis) Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Porter, Debra Raza, Shan Spurrier, Randall Stein, Michael 2003 1977 2006 1985 2006 1993 2006 1995 1989 1985 2002 1996 2001 1990 2006 100 100 25 100 25 100 100 100 100 100 100 25 25 100 100 YES YES YES YES YES 2 7 YES YES 2 4 8 YES YES YES 1 3 1 1 4 1 3 15 5 3 YES YES YES YES YES 1 6 6 2 3 2 1 3 18 ADM, SER UG, SER UG UG, SER UG UG/GR, SER, RES UG/GR, SER, RES UG, SER GR, SER, RES UG/GR, SER, RES UG/GR, SER, RES UG UG UG, SER 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 & DisciplineContributions Based to Practice5 Pedagogical Scholarship5 Scholarship5 PRJ OIC PRJ OIC PRJ OIC

Name

2

Xu, Yin Ziegenfuss, Douglas

Highest Earned Degree & Year PhD - 2001 PhD – 1988

Date of First Appt. to School 2001 1988

Percent of Time Dedicated to the School’s Mission3 100 100

Acad Qual4

Prof Qual4

Other4

Normal Professional Responsibilities6

YES YES 2 1

7 3

12

1 3 22

UG/GR, SER, RES 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 & DisciplineContributions Based to Practice5 Pedagogical Scholarship5 Scholarship5 PRJ OIC PRJ OIC PRJ OIC

Name

2

Highest Earned Degree & Year DBA – 1986 MBA – 1977 MACC JD - 1990 MBA1991 MS – Assr. Svcs - 2006 PhD - 1993 PhD - 1994 MSA – 1984 MSA – 1995 DBA 1969 JD – 1979 PhD – 2002 MSA – 1996 MBA – 1968

Date of First Appt. to School

Percent of Time Dedicated to the School’s Mission3

Acad Qual4

Prof Qual4

Other4

Normal Professional Responsibilities6

Accounting Bagranoff, Nancy (Dean) Berry, Walter Carney, David Chiusano, Peter Doherty, Patricia Farquer, Robert Henry, Laurie Kim, Chansog (Francis) King, Carolyn Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Porter, Debra Spurrier, Randall 2003 1977 2006 2006 1985 2006 1993 2006 1984 1995 1989 1985 2002 1996 1990 100 100 50 25 100 25 100 100 25 100 100 100 100 25 100 YES YES YES YES YES 2 4 8 YES YES YES YES 1 3 1 1 4 1 3 15 5 3 UG, SER GR, SER, RES UG/GR, SER, RES UG/GR, SER, RES UG UG, SER YES YES YES YES YES YES 1 6 6 2 3 2 1 3 18 ADM, SER UG, SER UG UG/GR UG, SER UG UG/GR, SER, RES 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 & DisciplineContributions Pedagogical Based to Practice5 5 5 Scholarship Scholarship PRJ OIC PRJ OIC PRJ OIC

Name

2

Stein, Michael Xu, Yin Ziegenfuss, Douglas

Highest Earned Degree & Year PhD - 1988 PhD - 2001 PhD – 1988

Date of First Appt. to School 2006 2001 1988

Percent of Time Dedicated to the School’s Mission3 100 100 100

Acad Qual4

Prof Qual4

Other4

Normal Professional Responsibilities6

YES YES YES 2

2

7 7 12 1 3 22

UG/GR, SER, RES UG/GR, SER, RES ADM, UG/GR, SER, RES

1

3

TABLE 10-2. CALCULATIONS RELATIVE TO DEPLOYMENT OF QUALIFIED FACULTY - Fall 2006 (RE: Standard 10) Qualification (Academic-AQ, Professional-PQ, Other-O) (FROM TABLE 101)

Name Accounting Alsubaie, Abdullah Bagranoff, Nancy Berry, Walter Carney, David Doherty, Patricia Farquer, Robert Henry, Laurie Kim, Chansog (Francis) Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Porter, Debra Raza, Shan Spurrier, Randall Stein, Michael Xu, Yin Ziegenfuss, Douglas Total Accounting

AQ Faculty % of time devoted to mission (FROM TABLE 101)

PQ Faculty % of time devoted to mission (FROM TABLE 101)

Other Faculty % of time devoted to mission (FROM TABLE 101)

Qualification ratios per Standard 10 AQ %

Qualification ratios per Standard 10 AQ/PQ%

AQ AQ PQ PQ PQ PQ AQ AQ PQ AQ PQ AQ PQ PQ PQ AQ AQ AQ

25 100 100 25 100 25 100 100 100 100 100 100 25 25 100 100 100 100 825

600

0

57.89%

100.00%

TABLE 10-2. CALCULATIONS RELATIVE TO DEPLOYMENT OF QUALIFIED FACULTY - Spring 2007 (RE: Standard 10) Qualification (Academic-AQ, Professional-PQ, Other-O) (FROM TABLE 101)

Name Accounting Bagranoff, Nancy Berry, Walter Carney, David Chiusano, Peter Doherty, Patricia Farquer, Robert Henry, Laurie King, Carolyn Kim, Chansog (Francis) Kubichan, Terry Martinson, Otto McKee, Timothy Pinsker, Robert Porter, Debra Spurrier, Randall Stein, Michael Xu, Yin Ziegenfuss, Douglas Total Accounting

AQ Faculty % of time devoted to mission (FROM TABLE 101)

PQ Faculty % of time devoted to mission (FROM TABLE 101)

Other Faculty % of time devoted to mission (FROM TABLE 101)

Qualification ratios per Standard 10 AQ %

Qualification ratios per Standard 10 AQ/PQ%

AQ PQ PQ PQ PQ PQ AQ PQ AQ PQ AQ PQ AQ PQ PQ AQ AQ AQ

100 100 50 25 100 25 100 25 100 100 100 100 100 25 100 100 100 100 800

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
1

Fall 06

Sp 07

Action

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

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.

Undergraduates
ACCT 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
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%. 3 Students will be able to apply accounting theories to solve business reporting problems. Met

Fall 06

Sp 07

Action

Met

Met

None

Met

Met

Met

None

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

None

Met

Met

Met

None

Learning Goal

Learning Goal Objective

Assessment Method

Sp 06
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%. 4

Fall 06

Sp 07

Action

Met

Met

Met

None

Global PerspectiveStudents will have a global business perspective. 5 Accounting and Business KnowledgeStudents will have competency in basic accounting and business

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%.

Met

Met

Met

None

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.

Learning Goal

Learning Goal Objective

Assessment Method

Sp 06
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

Fall 06
Met

Sp 07
Met

Action
None

Met

Met

Met

None

Met

Met

Met

None

Met

Met

None

Met

Met

Met

None

Appendix 12 Panel B: MASTER OF SCIENCE IN ACCOUNTING LEARNING OBJECTIVES FOR ASSESSMENT AACSB & SACS (Summary)
Area and Learning Goals 1 EthicsStudents will have the capability to recognize ethical issues in accounting. 2 Written and Oral CommunicationStudents will be effective communicators. Learning Objectives Students can recognize and analyze ethical dilemmas and select a resolution for accounting situations. Direct Assessment 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. Sp 06 Met Sp 07 Met Action None

Students can communicate an issue in a coherent verbal or written presentation.

Writing assignments in Acct 631 will be graded for punctuation, spelling, vocabulary, argument, grammar, etc. Class oral presentations in Acct 631 will be graded.

Met

Met

None

Students will be able to write clearly using proper At least 75% of students will grammar and spelling. receive a grade of “B” or greater on the resolution.

Area and Learning Goals 3 Analytical problem solvingStudents can assess situations and apply various analytical methods to solve business problems. 4 Global perspective Students will have a global business perspective.

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

Direct Assessment 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. 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.

Sp 06 Met

Sp 07 Met

Action None

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

NP

Not Met

Course Content Change