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Assessment : 2011 - 2012 : Educational Programs :
Accounting MS

1 Goal    5 Objectives    5 Indicators    5 Criteria    5 Findings    4 Actions


GOAL: Functional Competencies For Entry Into The Accounting Profession

Objective  
Decision Modeling Competency
Individuals preparing to enter the accounting profession must be able to use strategic and critical approaches to decision-making. They must objectively consider issues, identify alternatives, and choose and implement solution approaches in order to deliver services and provide value.

Elements (Sub-Objectives) include:

- Identifies problems and potential solution approaches

- Uses quantitative techniques to determine relative importance and likelihood of alternative scenarios

- Employs model-building to quantify problems or test solutions

- Evaluates the cost/benefit of alternative solutions

- Organizes and evaluates information, alternatives, cost/benefits, risks and rewards

- Links data, knowledge, and insights together for decision-making purposes

- Objectively identifies strengths, weaknesses, opportunities, and threats associated with a specific scenario, case, or business activity 


Indicator  
Course Embedded Measures Of Decision Modeling Competency  
A mix of exam questions, projects, cases, and / or problem assignments, in multiple courses spread across the accounting curriculum, will be used to assess students' achievement on selected sub-objectives of the Decision Modeling competency. The mix depends on the course in which the assessment is being made and the instructor’s choice of instrument and selected sub-objectives.  The results from the various classes will be forwarded to the Departmental Assessment Committee.  This committee will compile the results and present the findings to the departmental faculty.  


Criterion  
Level Of Success Standard For Decision Modeling Competency  
In each course, the instructor will determine a minimal acceptable score for each indicator used for assessment in that class.  This minimal acceptable score may vary both across classes as well as inside a particular class.  This variability is necessary due to the different type of indicators (exam questions, projects, cases, and / or problem assignments) used to assess students' achievement on selected sub-objectives of the Decision Modeling competency.

Once the assessment of Decision Modeling is completed in the appropriate courses, the percentage of successful student attempts (number of students successfully completing the specific outcome predetermined success level divided by the total number of students attempting the specific outcome) will be reported for each class.   The Departmental Assessment Committee will then compile the reports into an aggregated report that will show the success percentage by classification (junior, senior, and graduate).  The Department of Accounting has set different target standards based on classification.  The standards are 60% for junior-level classes, 70% for senior-level classes, and 75% for graduate-level classes. 

Finding  
Decision Modeling Competency Findings  
There was no assessment of this competency in 2011.
Actions for Objective:

There are no actions for this objective.


GOAL: Functional Competencies For Entry Into The Accounting Profession

Objective  
Reporting Competency
Communicating the scope of work and findings or recommendations is an integral part of a professional service. An accounting professional in public practice might issue an audit or attestation report, recommendations for improved services, or tax or financial planning advice. An accounting professional in business, industry, or government might analyze operations or provide communications to the board of directors. Communicating clearly and objectively the work done and the resulting findings is critical to the value of the professional service. Some forms of communication are governed by professional standards (such as the form and content of the standard auditor's report or the required communications to audit committees) or law. Others are based on the service applied and the needs of those to whom the accounting professional reports.

Elements (Sub-Objectives) include:

- Prepares reports with objectivity, conciseness and clarity

- Describes work performed and conclusions reached in a manner that enhances the reports' usefulness

- Employs appropriate media in report preparation and presentation 


Indicator  
Course Embedded Measures Of Reporting Competency  
A mix of exam questions, projects, cases, and / or problem assignments, in multiple courses spread across the accounting curriculum, will be used to assess students' achievement on selected sub-objectives of the Reporting competency. The mix depends on the course in which the assessment is being made and the instructor’s choice of instrument and selected sub-objectives.  The results from the various classes will be forwarded to the Departmental Assessment Committee.  This committee will compile the results and present the findings to the departmental faculty.  

  
Criterion  
Level Of Success Standard For Reporting Competency  
In each course, the instructor will determine a minimal acceptable score for each indicator used for assessment in that class.  This minimal acceptable score may vary both across classes as well as inside a particular class.  This variability is necessary due to the different type of indicators (exam questions, projects, cases, and / or problem assignments) used to assess students' achievement on selected sub-objectives of the Reporting competency.

Once the assessment of Reporting is completed in the appropriate courses, the percentage of successful student attempts (number of students successfully completing the specific outcome predetermined success level divided by the total number of students attempting the specific outcome) will be reported for each class.   The Departmental Assessment Committee will then compile the reports into an aggregated report that will show the success percentage by classification (junior, senior, and graduate).  The Department of Accounting has set different target standards based on classification.  The standards are 60% for junior-level classes, 70% for senior-level classes, and 75% for graduate-level classes. 

Finding  
Reporting Competency Finding  
                 Graduate

Successes       164
Attempts         184

Success
Ratio               89.1%

Minimum
Acceptable
Rate                 75%

Actions for Objective:

Action  
Reporting Competency Action  
The success ratio of 89.1% exceeds the minimum acceptable level of 75% by about 14 percentage points, but 2 percentage points less than last year's 91.5%.  The faculty teaching courses where Reporting is an objective should continue to place emphasis on this item, and perhaps evaluate if a change in pedagogy might improve student comprehension even more.



GOAL: Functional Competencies For Entry Into The Accounting Profession

Objective  
Research Competency
Although accounting professionals need a foundation in standards and other relevant rules, such guidance is constantly evolving. Many accounting profession functions depend on obtaining information from within and outside of an entity. Accordingly, the individual preparing to enter the accounting profession needs to have strong research skills to access relevant guidance or other information, understand it, and apply it.

Elements (Sub-Objectives) include:               

- Employs relevant research skills

- Accesses relevant standards, rules, and other information

- Evaluates different sources of information and reconciles conflicting or ambiguous data

- Analogizes from existing rules to problems not explicitly described

- Identifies relevant information such as industry trends, internal performance history, benchmarks, and best practices


Indicator  
Course Embedded Measures Of Research Competency  
A mix of exam questions, projects, cases, and / or problem assignments, in multiple courses spread across the accounting curriculum, will be used to assess students' achievement on selected sub-objectives of the Research competency. The mix depends on the course in which the assessment is being made and the instructor’s choice of instrument and selected sub-objectives.  The results from the various classes will be forwarded to the Departmental Assessment Committee.  This committee will compile the results and present the findings to the departmental faculty.  


Criterion  
Level Of Success Standard For Research Competency  
In each course, the instructor will determine a minimal acceptable score for each indicator used for assessment in that class.  This minimal acceptable score may vary both across classes as well as inside a particular class.  This variability is necessary due to the different type of indicators (exam questions, projects, cases, and / or problem assignments) used to assess students' achievement on selected sub-objectives of the Research competency.

Once the assessment of Research is completed in the appropriate courses, the percentage of successful student attempts (number of students successfully completing the specific outcome predetermined success level divided by the total number of students attempting the specific outcome) will be reported for each class.   The Departmental Assessment Committee will then compile the reports into an aggregated report that will show the success percentage by classification (junior, senior, and graduate).  The Department of Accounting has set different target standards based on classification.  The standards are 60% for junior-level classes, 70% for senior-level classes, and 75% for graduate-level classes. 



Finding  
Research Competency Finding  
                     Graduate

 Successes          807
 Attempts            922

 Success 
 Ratio                87.5%

Minimum
Acceptable
Rate                   75%

Actions for Objective:

Action  
Research Competency Action  
The success ratio of 87.5% exceeds the minimum acceptable level of 75% by about 12 percentage points, and nearly 1 percentage point above last year.   The faculty teaching courses where Research is an objective should continue to place emphasis on this item, and perhaps evaluate if a change in pedagogy might improve student comprehension of this objective.



GOAL: Functional Competencies For Entry Into The Accounting Profession

Objective  
Risk Analysis Competency
Risk analysis and control is fundamental to professional service delivery. The identification and management of audit risk (that is, the risk that the auditor will fail to detect a misstatement, caused by inadvertent error or fraud, that is material to financial statements) is the basis for the conduct of a GAAS audit. The understanding of business risk (that is, the risk that an entity - either a client or the prospective accounting professionals employer - will fail to achieve its objectives) affects how business strategy is created and implemented.

Elements (Sub-Objectives) include:

- Identifies risks of negative outcomes (including fraud)

- Evaluates controls that mitigate risk of negative outcomes through prevention or detection and correction

- Assesses and controls unmitigated risks through, for example, designing and applying tests

- Communicates the impact of identified risks and recommends corrective action 

Indicator  
Course Embedded Measures Of Risk Analysis Competency  
A mix of exam questions, projects, cases, and / or problem assignments, in multiple courses spread across the accounting curriculum, will be used to assess students' achievement on selected sub-objectives of the Risk Analysis competency. The mix depends on the course in which the assessment is being made and the instructor’s choice of instrument and selected sub-objectives.  The results from the various classes will be forwarded to the Departmental Assessment Committee.  This committee will compile the results and present the findings to the departmental faculty.  


Criterion  
Level Of Success Standard For Risk Analysis Competency  
In each course, the instructor will determine a minimal acceptable score for each indicator used for assessment in that class.  This minimal acceptable score may vary both across classes as well as inside a particular class.  This variability is necessary due to the different type of indicators (exam questions, projects, cases, and / or problem assignments) used to assess students' achievement on selected sub-objectives of the Risk Analysis competency.

Once the assessment of Risk Analysis is completed in the appropriate courses, the percentage of successful student attempts (number of students successfully completing the specific outcome predetermined success level divided by the total number of students attempting the specific outcome) will be reported for each class.   The Departmental Assessment Committee will then compile the reports into an aggregated report that will show the success percentage by classification (junior, senior, and graduate).  The Department of Accounting has set different target standards based on classification.  The standards are 60% for junior-level classes, 70% for senior-level classes, and 75% for graduate-level classes. 


Finding  
Risk Analysis Competency Finding  
                   Graduate

Successes          360
Attempts            381

Success Ratio    94.5%

Minimum
Acceptable
Rate                   75%

Actions for Objective:

Action  
Risk Analysis Competency Action  
The success ratio of 94.5% exceeds the minimum acceptable level of 75% by almost 20 percentage points, an improvement of about 6 percentage points from last year.  The faculty teaching courses where Risk Analysis is an objective should continue to place emphasis on this item, and perhaps evaluate if a change in pedagogy might improve student comprehension even more than this year's.



GOAL: Functional Competencies For Entry Into The Accounting Profession

Objective  
Leveraging Technology To Develop And Enhance Functional Competencies
Technology is pervasive in the accounting profession. Individuals entering the accounting profession must acquire the necessary skills to use technology tools effectively and efficiently. These technology tools can be used both to develop and apply other functional competencies.

Elements (Sub-Objectives) include:

- Accesses appropriate electronic databases to obtain decision-supporting information

- Assesses the risk of technology and automated business processes

- Uses technology assisted tools to assess and control risk and document work performed

- Builds appropriate models and simulations using electronic spreadsheets and other software 


Indicator  
Course Embedded Measures Of Leveraging Technology To Develop And Enhance Functional Competencies  
A mix of exam questions, projects, cases, and / or problem assignments, in multiple courses spread across the accounting curriculum, will be used to assess students' achievement on selected sub-objectives of the Leveraging Technology competency. The mix depends on the course in which the assessment is being made and the instructor’s choice of instrument and selected sub-objectives.  The results from the various classes will be forwarded to the Departmental Assessment Committee.  This committee will compile the results and present the findings to the departmental faculty.  

Criterion  
Level Of Success Standard For Leveraging Technology To Develop And Enhance Functional Competencies  
In each course, the instructor will determine a minimal acceptable score for each indicator used for assessment in that class.  This minimal acceptable score may vary both across classes as well as inside a particular class.  This variability is necessary due to the different type of indicators (exam questions, projects, cases, and / or problem assignments) used to assess students' achievement on selected sub-objectives of the Leveraging Technology competency.

Once the assessment of Leveraging Technoloy is completed in the appropriate courses, the percentage of successful student attempts (number of students successfully completing the specific outcome predetermined success level divided by the total number of students attempting the specific outcome) will be reported for each class.   The Departmental Assessment Committee will then compile the reports into an aggregated report that will show the success percentage by classification (junior, senior, and graduate).  The Department of Accounting has set different target standards based on classification.  The standards are 60% for junior-level classes, 70% for senior-level classes, and 75% for graduate-level classes. 



Finding  
Leveraging Technology To Develop And Enhance Functional Competencies Finding  
                    Graduate

Successes          376
Attempts            415

Success Ratio    90.6%

Minimum
Acceptable
Rate                  75%


Actions for Objective:

Action  
Leveraging Technology To Develop And Enhance Functional Competencies Action  
The success ratio of 90.6% exceeds the minimum of 75% by about 15 percentage points, but is nearly 4 percentage points above last year.  The faculty teaching courses where Leveraging Technology is an objective should continue to place emphasis on this item, and perhaps evaluate if a change in pedagogy might improve student comprehension.




Closing the Loop

At the request of the Department of Accounting Chair, the department faculty met on April 11, 2012, to discuss assessment findings for 2011.

The Department Assessment Committee provided the faculty with copies of the 2011 assessment results [findings] and reviewed those results with the faculty.  For the combined [spring and fall] results, all competencies met or exceeded their target minimums [criterion].  The faculty agreed that future efforts address and emphasize those areas that had the lower scores, even though those scores were passing, in an effort to improve in those areas.  Higher scores will also be evaluated for potential improvement and to prevent backsliding.

Though the AICPA Core Competencies are assessed at specific points in the curriculum [i.e., in specific courses], the Competencies are in fact "taught" in many courses throughout the curriculum.  Consequently, Closing the Loop involves effort in more than just the courses where assessment occurs.  Therefore, when assessment results indicate improvement is desired, faculty of courses where that Core Competency is taught [thought not necessarily assessed] will emphasize that competency more in future semesters.  That future emphasis could consist of modifying the depth and/or scope of the objective, changing the pedagogy used, or other items as determined by faculty judgment.  Of course, even objectives with high assessment scores will be subjected to faculty scrutiny to both 1) determine how student learning could be improved, and 2) to prevent future learning deterioration.

Subsequent to the meeting, the action items for each objective, as discussed in the meeting and indicated in this report, were shared with the accounting faculty.



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