STRAGIC PLAN FOR VISION OHIO SCHOOL OF ACCOUNTANCY May 13, 2006 Overview The School of Accountancy’s vision is to become Ohio’s premiere professional accounting program, preparing students to be prepared to take the certified public accountant examination (generally referred to as being “CPA ready”) in four years. Being CPA ready also qualifies graduates to take any of the many other accounting related certification examinations Accomplishing this will allow the School of Accountancy to meet the vision expressed in both the University and College Vision Ohio statements. Professionalism in accounting will be integrated throughout the curriculum and auxiliary activities of the School of Accountancy. The School of Accountancy is an integral part of Ohio University’s College of Business. The College of Business Strategic Plan for Vision Ohio has items in its Executive Summary, Competitive Landscape for Business Education, and the College Mission Statement which are applicable to the School of Accountancy and these are not repeated here. Specific assignments of the School of Accountancy in meeting the College of Business Strategic Plan for Vision Ohio are listed in the five areas addressed below. There is one additional competitive landscape item that directly affects the School of Accountancy. The area specific to the School of Accountancy not covered in the competitive landscape discussion in the College of Business Strategic Plan for Vision Ohio is proposed changes to the Uniform Accountancy Act. The proposed changes to Rules 5-1 and 5-2 of the Uniform Accountancy Act would increase the number of hours to be CPA ready from 36 to 45 quarter hours in accounting major courses. This increase in the number of accounting hours to be CPA ready would add two courses to the accounting major. Ohio has always adopted changes in the Uniform Accountancy Act in the past and been one of the early adopters through the legislative process. The increase in hours to be CPA ready would require more accounting faculty. Strategic Planning Process The faculty of the School of Accountancy participated in the College of Business strategic planning process. The School of Accountancy Strategic Plan for Vision Ohio was completed in a very short time frame after completion of the College of Business Strategic Plan for Vision Ohio on February 15, 2006. We, like the College of Business, recognize that this plan is a “work in process.” This plan builds on and is consistent with the University’s Vision Ohio document and the College of Business Strategic Plan for Vision Ohio document. The following steps were taken to create the strategic plan for the School of Accountancy. School of Accountancy Vision Ohio Draft of May 10, 2006 Page 2 1. Faculty discussion of the implications of the University and College Vision Ohio documents were held during the drafting stages of the documents. 2. Faculty were asked to comment on issues affecting the School of Accountancy immediately after completion of the College of Business Strategic Plan for Vision Ohio was issued on February 15, 2006. 3. Faculty of the School of Accountancy, members of the School of Accountancy, and important accounting professionals met in Dublin, Ohio on April 28, 2006, to address issues. 4. The entire School of Accountancy Advisory Council and faculty discussed the issues on May 11, 2006. National prominence: Being Ohio’s premiere professional accounting program will allow the School of Accountancy to meet the national prominence goal because of the competition within Ohio, where two programs are considered to be top-ranked programs. To accomplish this vision, the School of Accountancy must: Maintain separate accounting accreditation by AACSB International, currently it is one of 162 U.S. programs with separate accounting accreditation. This will require completing an assurance of learning assessment program and having appropriate academically and professionally qualified faculty. Participate in Sponsored Programs of the College of Business to meet the sponsored programs goals of the University and College. Improve the quality of publications by faculty, especially in accounting journals. Faculty support to maintain and improve the ability to publish in quality accounting journals is consistent with the University and College plans for attaining national prominence. Create a professional accounting center for support of faculty research, practitioner research and analysis, innovations in accounting, and practitioner education. Distinguishing the undergraduate accounting program as a professional accounting program and the School of Accountancy as related to professional activities will assist both the School of Accountancy and the Colelge of Business in attaining national prominence in addition to providing an avenue for raising support and scholarship funds. Maintain the current 36-member School of Accountancy Advisory Council composed of committed alumni and friends. Develop an alumni and database to provide the support for professional accounting activities. School of Accountancy Vision Ohio Draft of May 10, 2006 Page 3 Undergraduate education: The School of Accountancy will accomplish the following in meeting the undergraduate education vision of the School, College and University: Serve the needs of the University for Athens campus service courses in ACCT 101 and ACCT 102 – offering these courses to meet the student engagement objective – 1600 seats in ACCT 101 and 850 seats in ACCT 102. The ACCT 101 course already has student engagement integrated into the curriculum and the ACCT 102 course is moving in this area in addition to integrating the use of information technology into the curriculum. Provide a major program meeting the requirements for students to be qualified to take the CPA examination (CPA ready) and placing these students in good jobs and to increase student graduates to 100-120 per year. The School of Accountancy has had integration of skills and ethics throughout the accounting curriculum and has increased engagement in the accounting curriculum through use of the Business Activity Model in the corporate accounting sequence (ACCT 303-304-305). Enhancing both integration and engagement will be needed. Continue to develop internship opportunities for students. Maintaining the current superior chapter status of the Beta Alpha Psi chapter. Increase the number of students who have the sales certificate in financial services at the time of graduation. Become more involved in the Freshman Engagement Program and Residential Learning Communities Program. Develop a service learning component and additional opportunities for experiential learning for accounting majors such as thecurrent Foundation SOX 404 fellows since there are limited opportunities in the Athens area for professional part-time work due to location. Move toward having all majors participate in the Global Competitiveness Program, an experience in consulting in an international environment with students from foreign universities. The developing global nature of business means that Ohio accountants will need more knowledge of international business. This will require additional resources to support those whose need requirements currently do not allow participation. Graduate education: The School of Accountancy will accomplish the following in meeting the graduate education vision of the College and University: Provide accounting portion of MBA programs wherever offered and increase the number of graduates and programs – meeting this requirement interacts with the sponsored programs objective under national prominence when the MBA programs are offered in international locations and with providing services to the School of Accountancy Vision Ohio Draft of May 10, 2006 Page 4 region when the MBA programs are offered on the Athens campus (through the Voinovich Center) and at Regional Campus locations. Provide accounting portion of the MFE program in both Athens and Lancaster – this interacts with providing services to the region when offered at the Lancaster Campus. Regional Interaction: The School of Accountancy will accomplish the following in meeting the regional interaction vision of the School, College and University: Provide more accounting courses at the Regional campuses to increase transfer students. Provide the accounting course to support the Business Administration major at the regional campuses. Provide support to the Voinovich Center in its programs for regional development. This is a major area that will require increased resources and involvement since many of the Voinovich Center clients lack accounting expertise. Provide support for accounting professionals in the region. The School of Accountancy already has the Ohio University Tax Conference to support tax accounting professionals. The activities of the professional accounting center discussed under national prominence would aid here. There is some potential for additional conferences for support of accounting professional which has to be explored in the near term. Diversity: The School of Accountancy will accomplish the following in meeting the diversity vision of the School, College and University: Increase the diversity of faculty although this may be limited since the School of Accountancy currently has five women and one African-American out of thirteen faculty. Increase the number of African-American and other minority groups who are attracted to and graduate as accounting majors by 50% over the next two years.
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