|
School of
Accountancy
Assessment:
Plan and Results |
| Program |
Bachelors
of Business Administration, Accounting Major
Master
of Business Administration Program (MBA) Accounting Concentration
Master of Taxation
Accountancy PhD |
| Program
mission |
Provide
the technical and analytical accounting knowledge and skills needed to
become a professional in accounting and to pursue a fifth (graduate) year
of professional study. |
| Date |
October
13, 2005 for FY 2004-05 |
| Assessment
Plan |
Assessment
Results |
|
Assessment objective
All objectives support
the mission statement element "technical and analytical accounting
knowledge and skills". |
Method
of assessment and sampling approach; date assessment administered
|
Results
for the objective |
Change
in assessment results (from the previous report) for the assessment objective
|
What
will be done differently in the future to improve the program and its
assessment |
| That
students in Acct 2101-2102 develop rudimentary accounting skills for solving
business problems, individually and collaboratively with technology tools,
including:
- Evaluating business
projects
- Predicting and
reporting operating results
- Managing business
risks
- Analyzing information
needed for financing and investing decisions,
- Communicating
recommendations to stakeholders.
|
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|
In fall
2004, Acct 2101 was implemented as large lectures with breakout sessions
to ensure more comparability across sections. In fall 2005, wireless response
pads are being used to (1) provide greater and timelier feedback to students
and the instructor and (2) promote more interaction in large classes. Exam
performance by learning objective will be analyzed as a function of students
using (FY05-06) or not using (FY04-05) response pads. |
That
students in Acct 4010:
- Learn to document,
critique, and develop financial and non-financial performance measures
in response to specific organizational demands for information about
performance
- Develop elementary
skills for designing systems for capturing, organizing, and accessing
information for performance measurement.
- Communicate effectively
in writing to advise clients and other interested parties about accounting
matters. Approved December 2003
|
|
|
|
Beginning
fall 2005, Acct 4010 will be replaced with Acct 4410, for which the first
assessment will be conducted in FY 2005-06. |
That
students in Acct 4110 learn to:
- Prepare a complete
financial reporting system for external parties consistent with professional
standards and judgment.
|
Exam
questions in a section of Acct 4110 Spring 2005 |
| |
Student
scores |
| Learning
objective |
Mean |
Min |
Max |
| Prepare statement
of cash flows (SCF) |
75% |
10% |
100% |
| Prepare journal
entries |
77% |
20% |
100% |
| Explain SCF
formats |
70% |
30% |
100% |
| Record journal
entries |
70% |
10% |
95% |
| Compute inventory
value |
81% |
20% |
100% |
| Explain ceiling
and floor constraints |
75% |
10% |
100% |
| Apply revenue
recognition concepts |
76% |
20% |
100% |
| Identify revenue
recognition policies |
80% |
20% |
100% |
| Compute bond
price |
62% |
0% |
100% |
| Capitalize interest |
64% |
0% |
90% |
| Identify asset
impairment |
61% |
5% |
100% |
| Account for
goodwill |
65% |
15% |
100% |
| Account for
asset sales |
63% |
10% |
100% |
| Account for
debt and equity |
83% |
10% |
100% |
| Account for
leases |
75% |
0% |
97% |
| Explain leasing
incentives |
90% |
0% |
100% |
| Explain leasing
vs. purchase |
81% |
0% |
100% |
| Explain investment
classification |
81% |
10% |
100% |
| Compute deferred
tax amounts |
73% |
0% |
100% |
| Account for
pensions |
67% |
0% |
100% |
| Account for
stock purchases |
73% |
5% |
100% |
| Present deferred
tax amounts |
72% |
0% |
100% |
| Account for
stock options |
70% |
0% |
100% |
| Explain standard
setting: deferred taxes |
75% |
5% |
100% |
| Interpret pension
disclosures |
79% |
0% |
100% |
|
This
is the first assessment. |
For learning
objectives with exam scores below 70%, the Powerpoint slides pertaining
to them will be refined, the numerical problems discussed in class will
be changed, and more class time will be spent on these learning objectives.
|
- Apply accounting
theory, professional standards and judgment to develop accounting methods
for new situations.
|
|
|
|
To attain
this learning objective, students need access to a GAAP database. In Spring
2005, there was no cost effective way for students to have access to such
a database. Starting Fall 2005, John Wiley and Sons, Inc. is offering a
one semester student subscription to an online GAAP database for $15. All
three sections of ACCT4110 offered in Fall 2005 have two cases assigned
for students to attain this learning objective. Student performance on these
cases will be evaluated and the necessary actions for improvement will be
taken. |
- Make financing,
investment and business decisions using financial accounting information.
|
Exam
questions in a section of Acct 4110 Spring 2005 |
| |
Student
scores |
| Learning
objective |
Mean |
Min |
Max |
| Assess a firm's
financial strength |
80% |
35% |
95% |
| Analyze accounts
receivable |
72% |
25% |
100% |
| Analyze inventory |
74% |
10% |
100% |
| Analyze fixed
assets |
65% |
20% |
100% |
|
This
is the first assessment. |
For learning
objectives with exam scores below 70%, more class time spent on discussing
these learning objectives and the examples used will be refined. |
That
students in Acct 4210 learn to:
- Develop appropriate
financial and non-financial performance measures for effective planning,
evaluation and control of organizations' business processes.
|
Instructor
1: Exam questions in a section of Acct 4210 spring 2005 |
Student
scores |
Mean |
Min |
Max |
86% |
57% |
99% |
|
This
is the first assessment. |
- Add more in-class,
small-group exercises; review and grade exercises in class to determine
if more work should be done.
- Develop assessment
questions to be used in all sections starting spring 2006.
|
| Instructor
2: Final exam questions in sections of Acct 4210 spring 2005 |
Student
scores |
Mean |
Min |
Max |
75% |
16% |
100% |
|
- Evaluate the appropriateness
of alternative costing systems and methods by considering the unique
context of specific product and service organizations.
|
Instructor
1: Exam questions in a section of Acct 4210 spring 2005 |
Student
scores |
Mean |
Min |
Max |
71% |
48% |
100% |
|
| Instructor
2: Final exam questions in sections of Acct 4210 spring 2005 |
Student
scores |
Mean |
Min |
Max |
83% |
15% |
100% |
|
- Structure and
model business problems to evaluate alternatives, conduct sensitivity
analysis on assumptions, and analyze outcomes to determine causes of
variances.
|
Instructor
1: Exam questions in a section of Acct 4210 spring 2005 |
Student
score |
Mean |
Min |
Max |
83% |
61% |
99% |
|
| Instructor
2: Final exam questions in sections of Acct 4210 spring 2005 |
Student
scores |
Mean |
Min |
Max |
78% |
0% |
100% |
|
That
students in Acct 4310 learn to:
- Query databases
to provide insights about business operations and performance.
|
Projects
in all fall 2004 sections of Acct 4310 |
Student
scores: Projects |
Mean |
Min |
Max |
83% |
0% |
99% |
|
This
is the first assessment. |
- Specify detail
level objectives for each of the four learning objectives and match
them to exam questions.
- Spend more time
in class on learning objectives with scores below 70%.
|
- Design business
processes and represent them with documentation tools.
|
Projects
in all fall 2004 sections of Acct 4310 |
Student
scores: Projects |
Mean |
Min |
Max |
76% |
0% |
99% |
|
- Design and implement
well-structured databases to enable business processes.
|
Projects
in all fall 2004 sections of Acct 4310 |
Student
scores: Projects |
Mean |
Min |
Max |
84% |
0% |
100% |
|
- Evaluate internal
control in information systems and design controls to mitigate risks
associated with information systems.
|
Exam
questions in all fall 2004 sections |
|
|
That
students in Acct 4510 learn to:
- Identify tax issues
in unique fact patterns.
- Select and apply
appropriate tax laws to unique fact patterns.
- Make investment
decisions requiring knowledge of the tax law and its effect.
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|
That
students in Acct 4610 learn to:
- Propose and develop
assurance services to meet changing needs of organizations and their
stakeholders.
- Apply the opinion
formulation process to specific attestation engagements, including performing
procedures such as:
- Developing
and executing analytical procedures and tests of controls and
- Clearly communicating
the results of procedures performed as part of the opinion formulation
process.
- Identify and use
appropriate electronic and other resources in accomplishing the first
two objectives.
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