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    Central Michigan University’s School of Accounting is AACSB Accredited (www.aacsb.edu), one of only approximately 180 schools of accounting in the world to achieve this accreditation. AACSB Accreditation Standards are used as the basis to evaluate a business school’s mission, operations, faculty qualifications and contributions, programs, and other critical areas. 

    The accreditation ensures students and parents that we are providing a top-quality education. It also ensures employers that our graduates are ready to perform on day one. Additionally, the accreditation provides many benefits to the School of Accounting as it attracts higher quality students, provides greater research opportunities, and allows for global recognition.

    Potential students and parents should be assured by our accreditation that we have the highest quality faculty, relevant and challenging curriculum, and provide educational and career opportunities that are not found at other business schools. One might say selecting a business school is similar to purchasing a home. Since it is such a large investment, you wouldn't purchase a home unless it had been inspected. AACSB Accreditation is a lot like a home inspection, but for business schools. It helps to ensure that a business school has qualified faculty, rigorous curriculum that will teach skills that employers require, and proper assessment of learning processes in place.
    
    A part of our accreditation process requires us to establish Student Learning Outcomes (SLOs), which are defined goals that we believe our students should be proficient at upon graduation. Central Michigan’s School of Accounting established that its graduates, upon graduation, should be able to:

    1.)  Apply technology to solve accounting problems.
    2.) Use critical thinking/problem-solving skills to make appropriate accounting decisions.
    3.) Analyze and communicate business and financial information effectively.
    4.) Understand the professional responsibilities, ethical standards, and regulatory 
         environment of accountants
    5.) Demonstrate competency in core accounting concepts and knowledge.

    Additionally, as part of our accreditation, we regularly assess whether our students are achieving these goals. Specifically, we measure SLO achievement by assessing the following capabilities of our students throughout their program:

Apply technology to solve accounting problems. 

Use appropriate software to solve accounting problems and report results

Use professional databases to research and solve accounting issues

Use appropriate visualization software to analyze data

Use critical thinking/problem-solving skills to make appropriate accounting decisions.

Analyze complex unstructured financial accounting issues, provide written responses using the relevant accounting literature, and interpret this literature to formulate an appropriate accounting and reporting resolution for the issue

Analyze complex unstructured tax issues, obtain and evaluate relevant sources of tax law, and formulate

an appropriate resolution to the issues

​Apply managerial accounting concepts to appropriately analyze business decisions relating to planning, implementation of plans, and neasuring and comparing performance to planned performance.

Analyze and communicate business and financial information effectively.

Display the ability to maintain a basic system of double-entry accounting, know the accounting cycle, construct the four financial statements according to GAAP, and analyze the results.

Analyze complex unstructured financial accounting issues using relevant accounting literature, interpret this literature to formulate an appropriate accounting and reporting resolution for the issue, and provide a written response to appropriate financial stakeholders.

Analyze complex unstructured data and provide an appropriate resolution to an issue.

Apply appropriate processes to translate or remeasure account balances and financial statements from one currency to another.

​Display satisfactory knowledge of revenue recognition and asset valuation.

Understand the professional responsibilities, ethical standards, and regulatory environment of accountants.

Understand the regulatory environment and relevant legislation.

Understand and apply the professional ethical standards issued by the above organizations.

​Analyze ethical issues facing the accounting profession.

Demonstrate competency in core accounting concepts and knowledge.

Achieve a satisfactory score on the School of Accounting comprehensive exit exam.

 

When you decide to major in accounting at Central Michigan University, you should know that you are receiving one of the best educations in the world. For more information please see the AACSB’s website (www.AACSB.edu) or contact the School of Accounting at 989-774-3796.  ​​

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