Certified Financial Planning Boards 2006 Annual Meeting

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AACSB International An Update
Arthur Kraft, Dean The George L. Argyros School
of Business and Economics Chapman
University 2006-07 Chair, AACSB International

• Certified Financial Planning Boards 2006 Annual
  Meeting
• CFP Board Program Directors Conference

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Discussion Points

• AACSB International mission
• Value of accreditation
• An overview of AACSB standards
• A broader view of AACSB International
• Questions and discussion

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The AACSB International Mission

• AACSB International advances quality management
  education worldwide through accreditation and
  thought leadership.

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The AACSB International Business Accreditation
Through April 2006

• Region Number Percent
• Asia 13 2.5
• Canada 17 3.2
• Europe 35 6.7
• Latin American/
• Caribbean 9 1.7
• Middle East 5 0.9
• Oceania 6 1.1
• United States 442 83.9
• Total 527 100.0

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AACSB Accounting Accreditation Through April 2006

• Region Number Percent
• Asia 3 1.8
• Canada 1 0.6
• Oceania 1 0.6
• United States 163 97.0
• Total 168 100.0

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Founding Schools (1916)

• Columbia University
• University of Chicago
• Cornell University
• Dartmouth College
• University of Illinois
• University of Nebraska
• Northwestern University

• Ohio State University
• Harvard University
• University of Pennsylvania
• University of Pittsburgh
• University of Texas
• Tulane University
• University of Wisconsin
• Yale University

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AACSB International accreditation represents

• The highest standard for business schools
  worldwide.
• A commitment to quality and continuous
  improvement.
• Self-assessment
• Peer review.

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AACSB International accreditation assures your
business school/accounting program

• Manages resources to achieve a vibrant and
  relevant mission
• Advances management knowledge through faculty
  scholarship
• Provides quality teaching and current curricula
• Cultivates meaningful interaction between
  students and a qualified faculty
• Produces graduates who have achieved specified
  learning goals
• Makes a statement to external communities about
  your commitment to quality and continuous
  improvement

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Philosophy of AACSB International
Accreditation

• Accreditation satisfies a moral dimension of
  management education through Strategic
  Management standards that focus on
• a well articulated mission
• effective use of resources to achieve the
  mission, and
• management focused on continuous quality
  improvement and
• advancement of knowledge in the management
  education

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Philosophy of AACSB International Accreditation

• Accreditation ensures the quality of the
  educational dimension of business schools through
  Participant Standards that
• require appropriate actions and interactions
  between faculty, students, administrators, and
  staff
• insure use of sufficient, qualified, and engaged
  faculty resources and
• expect active student involvement and
  demonstration of appropriate student recruitment
  policies and support systems

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Philosophy of AACSB International Accreditation

• Accreditation ensures the accountability
  dimension of management education through
  Assurance of Learning standards that
• insure delivery of effectively managed curricula
  consistent with the stated mission
• insure program intentions defined by learning
  goals and
• insure learning achievement as demonstrated by
  direct assessment of learning

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AACSB accreditation is the core service, but
there is more

• Thought leadership and advocacy
• Knowledge Services
• Professional development

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Thought Leadership and Advocacy

• Identifying strategic concerns
• Developing plans of actions
• Advocacy and enhanced media exposure

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Thought Leadership and Advocacy Initiatives

• Value of management education and accreditation
• Ethics education in business schools
• Doctoral faculty shortage
• Peace through commerce
• Business school rankings
• Global Foundation for Management Education
• Research in business schools

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AACSB Knowledge Services

• Benchmarking data on management and accounting
  education
• Industry wide and custom statistical reports
• On-line resource centers for
• Assessment
• Teaching business ethics
• Doctoral candidate recruitment
• Deans resources

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AACSB ProfessionalDevelopment Opportunities

• Conferences and seminars for faculty and b-school
  administrators
• Provides learning opportunities with industry
  leaders
• 40 professional development events around the
  world

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Some Important Core Principles

• AACSB International accreditation is mission
  driven and globally relevant
• Sound strategic management of resources is
  essential
• Diversity in mission and focus is expected
• Direct assessment of learning is expected
• Continuous improvement and high quality programs
  are cornerstones

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Core Principles Contd

• Emphasis on ethics and integrity in the
  operations of business programs and in curricula
  is expected
• Preparation of students for the global economy is
  essential
• Faculty resources are key to meeting the
  standards with emphasis on sufficiency and
  qualifications
• Emphasis on intellectual contributions as part of
  the mission of accredited business schools is
  essential

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(No Transcript)
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AACSB International Website

• www.aacsb.edu

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• QUESTIONS AND DISCUSSION