Department of Accounting SWOT Analysis - College of Business ...
Department of Accounting SWOT Analysis - College of Business ...
Department of Accounting SWOT Analysis - College of Business ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Accountants. In addition, the University has given the <strong>Department</strong> the authority to hire<br />
two experienced tenure-track faculty members for AY07. However, one tenured<br />
Pr<strong>of</strong>essor retired and a tenure track Associate Pr<strong>of</strong>essor resigned during AY05 after being<br />
given a terminal contract.<br />
Research productivity increased slightly from AY04. Newer hired faculty members are<br />
starting to produce quality journal articles while longer serving faculty members are<br />
maintaining their productivity at an acceptable level.<br />
Concerning assessment, the <strong>Department</strong>, working with the <strong>College</strong>, adopted learning<br />
goals and measures for all <strong>of</strong> its programs and collected assessment data during the<br />
Spring 05 semester. The <strong>Department</strong> will analyze students’ performance in its first<br />
Intermediate <strong>Accounting</strong> and Managerial <strong>Accounting</strong> courses during the Summer 05<br />
term. In addition, a focus group composed <strong>of</strong> <strong>Accounting</strong> Advisory Council members<br />
was conducted for the first time in April 2005. Finally, the <strong>Department</strong> used a local<br />
business magazine to track alumni’s career events.<br />
The <strong>Department</strong> revised its strategic plan during AY05 by working with the <strong>Department</strong><br />
faculty and <strong>Accounting</strong> Advisory Council members. Due to the information from several<br />
sources, the <strong>Department</strong> decided to drop the Taxation track in the MS in <strong>Accounting</strong><br />
program during the next revision <strong>of</strong> the University Catalog.<br />
Fundraising<br />
The <strong>Department</strong> raised $40,000 in “s<strong>of</strong>t” funds from the following sources during AY04:<br />
• $17,500 in contributions on the <strong>Department</strong>’s behalf to the University Education<br />
Foundation (compared to $21,500 in AY04, $17,000 in AY03 and $13,333<br />
average during AY00-02)<br />
• $8,000 in funds from the <strong>Department</strong>’s annual DOA 5k race (compared to $8,000<br />
in AY04 and $5,000 in AY03)<br />
• $5,000 in funds from the CPA Review Course (compared to $4,000 in FY04)<br />
• $9,500 in funds from <strong>of</strong>fering mandatory Ethics Training for CPAs (compared to<br />
$1,000 in FY04).<br />
<strong>College</strong> support for faculty travel increased in AY05 to $900 per tenure track faculty<br />
from $750 during AY04.<br />
The biggest fundraising news <strong>of</strong> AY05 dealt with the announcement by Dean Bagran<strong>of</strong>f<br />
that a $1.5 million Endowed Pr<strong>of</strong>essorship in <strong>Accounting</strong> was being added to the<br />
University’s Capital Campaign. Dean Bagran<strong>of</strong>f, Chair Ziegenfuss, and the <strong>College</strong>’s<br />
Major Gifts Coordinator, Michael Walker, have begun the task <strong>of</strong> forming a steering<br />
committee to coordinate the Endowed <strong>Accounting</strong> Pr<strong>of</strong>essorship drive.<br />
Research Productivity<br />
Faculty scholarship as measured by refereed journal articles was distributed in the following<br />
manner during AY05 as compared to AY04:
Change language