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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.) Display effective problem-solving and critical thinking when making accounting, tax, systems, and auditing decisions
    3.) Develop, measure, analyze, validate, interpret, and communicate financial and other business information
    4.) Understand the professional responsibilities, ethical standards, and regulatory environment of accountants
    5.) Demonstrate an understanding of international accounting issues and practices, including the role accountants play within a global context
    6.) Demonstrate a satisfactory understanding of financial accounting, managerial accounting, taxation, systems, and auditing concepts
    7.) Understand the role accountants play in society in providing and ensuring the integrity of financial and other business information in society.

    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

Configure the  financial and managerial accounting modules of SAP R/3 enterprise resource planning systems 

Display effective problem-solving and critical thinking when making accounting, tax, systems, and auditing 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

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

Apply tax law to analyze individual and business transactions and prepare appropriate tax returns related to these transactions

Analyze complex unstructured tax issues, obtain and evaluate relevant sources of tax law, and formulate an appropriate resolution to the issues

Apply attestation standards and auditing skills to provide evidence and work paper documentation on the efficacy of accounting and reporting treatment of accounting transactions

Analyze complex unstructured auditing issues, gather evidence, and provide a written report discussing the relevant literature and interpret this literature to formulate an appropriate resolution for the issue

Develop, measure, analyze, validate, interpret, and communicate financial and other business information.

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

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

Understand the regulatory environment and roles of the AICPA, SEC, FASB, IMA, IASB, and the PCAOB.

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

Analyze ethical issues facing the accounting profession

Demonstrate an understanding of international accounting issues and practices, including the role accountants play within a global context.

Display an understanding of the convergence process for GAAP and IFRS

Apply appropriate processes to translate or re-measure account balances and financial statements from one currency to another

Demonstrate a satisfactory understanding of financial accounting, managerial accounting, taxation, systems, and auditing concepts.

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

Understand the role accountants play in society in providing and ensuring the integrity of financial and other business information in society.

Display satisfactory knowledge of Sarbanes Oxley Act and risk management

Display satisfactory knowledge of revenue recognition and asset valuation

Attend BAP/SAS professional meetings

 

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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