Department of Accounting SWOT Analysis - College of Business ...

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Appendix 7 - Department of Accounting Maintenance Report AY 2003/2004 AACSB Annual Maintenance of Accreditation Report - AY 2003/04 Department of Accounting College of Business and Public Administration Old Dominion University Submitted by: Douglas E. Ziegenfuss Chair and Professor August 31, 2004 Progress Update The Department has the following action items listed by the AACSB International in its December 31, 2003 letter: 5. Evidence of progress obtaining additional resources to support research. 6. Evidence of progress to broaden the quality and quantity of intellectual contributions among the faculty. 7. Evidence of progress in the area of assessment and how the assessment procedures are used to promote continuous improvement. A follow-up report is due by January 15, 2005. Situational Analysis The Department of Accounting (The Department) is part of the College of Business and Public Administration (The College) at Old Dominion University (The University). Dean Bagranoff and Associate Dean Ardalan have produced a separate College maintenance report that will be referenced in this report when its material is relevant to the Department’s activities. For instance the College has no action items outstanding from its last accreditation and the Department has three items. Dr. Douglas E. Ziegenfuss continues to serve as Department Chair. Likewise, Dr. Otto Martinson serves as Graduate Program Director (GPD) for the Masters of Science in Accounting (MSA) program and Ms. Terry Kubichan serves as the Undergraduate Student Advisor. These individuals have served in their respective positions for four years providing much needed leadership continuity over the Department’s operations. The Department continued to focus on the action items and on strategic planning issues during the 04 Academic Year (AY04). The Department was successful in raising more funds for research than in the Academic Year 03 (AY03) due to the success of its CPA
Review Course and the delivery of Ethics Courses to local CPAs. The Department successfully endowed a scholarship for $25,000 during AY04. Several faculty members attended continuing education programs put on by KPMG, Price Waterhouse Coopers, and the Virginia Society of Certified Public Accountants. In addition, the University has given the Department the authority to hire one tenure-track faculty member for AY06. However, accomplishing this meant consolidating two nontenure track instructor positions into the one tenured track position. Research productivity is more broadly based during AY04 than AY03. Newer hired faculty members are starting to produce quality journal articles while longer serving faculty members are maintaining their productivity at an acceptable level. Concerning assessment, the Department analyzed students’ performance in its first Intermediate Accounting course and benchmarked its MBA Core Course during AY04. In addition, plans are underway to implement focus groups of recent graduates and alumni to use as an output measure. Finally, the Department uses a local business magazine to track alumni’s career events. The Department waited during AY04 for the College to revise its strategic plan before revising its strategic plan to bring it in line with the College strategic plan. The Department will accomplish this through faculty and advisory council meetings. Fundraising The Department raised $34,500 in “soft” funds from the following sources during AY04: • $21,500 in contributions on the Department’s behalf to the University Education Foundation (up from $17,000 in AY03 and $13,333 average during AY00-02). • $8,000 in funds from the Department’s annual DOA 5k race (up from $5,000 in AY03). • $4,000 in funds from the CPA Review Course (a new source of funds) • $1,000 in funds from offering mandatory Ethics Training for CPAs (a new source of funds). Funds from the University education foundation have three sources: General Department Contributions, Internal Auditing Program Support, and Accounting Faculty Development Support. The latter is a new category and accounts for nearly all of the increase in funds raised through the education foundation. In addition to these funds, two additional sources of funds were developed during AY04. The first represents surpluses from the Department’s CPA Review Program. Administered by Timothy Mckee and aided by Walter Berry and Randall Spurrier, the program saw increased participation and netted approximately $4,000. The Department also developed a version of the Virginia Mandatory Ethics Course for CPAs. This two-hour training session is required for all CPAs registered in the Commonwealth of Virginia. The Department began offering sessions of the course during
Page 1 and 2: Appendix 1 - Department of Accounti
Page 5 and 6: SHARED VALUES The following “Shar
Page 7 and 8: PERSPECTIVES GOAL NUMBER GOAL ACTIO
Page 9 and 10: PERSPECTIVES Internal Business Pers
Page 11 and 12: PERSPECTIVES Innovation and Learnin
Page 13 and 14: ACTION ITEM NUMBER ACTION ITEM ACTI
Page 15 and 16: ACTION ITEM NUMBER IBP-3A ILP-1A IL
Page 17 and 18: Dr. Yin Xu Xu, Y., and X. Xu. Socia
Page 19 and 20: With Patricia M. Meyers, “Audit C
Page 23 and 24: addition, the College and Universit
Page 25: The Department is still exploring t
Page 29 and 30: class an assessment exam and, new d
Page 33 and 34: Tenured Faculty: AY04 AY05 Abdel Ag
Page 35 and 36: 4 5 Learning Goal Learning Goal Obj
Page 37 and 38: ATTACHMENT 2 (to Appendix 8) - MAST
Page 41 and 42: The Department plans on conducting
Page 43 and 44: Faculty Sufficiency and Faculty Int
Page 45 and 46: Attachment 1 (to Appendix 9): AY06
Page 47 and 48: Ethics: Students in Acct 631 comple
Page 49 and 50: FACULTY MEMBER AQ/PQ STATUS Profess
Page 51 and 52: TABLE 9-1 SUMMARY OF FACULTY SUFFIC
Page 53 and 54: TABLE 10-1: SUMMARY OF FACULTY QUAL
Page 55 and 56: TABLE 10-1: SUMMARY OF FACULTY QUAL
Page 57 and 58: TABLE 10-2. CALCULATIONS RELATIVE T
Page 59 and 60: Learning Goal Learning Goal Objecti
Page 61 and 62: Learning Goal Learning Goal Objecti
Page 63: Area and Learning Goals 3 Analytica

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