惇蹋勛圖厙

2024 State of Accreditation Report

We are pleased to share insights from 惇蹋勛圖厙 accreditation visits over the past academic year, providing 惇蹋勛圖厙 members with a collective learning opportunity. In the spirit of continuous improvement, this report offers key outcomes, best practices, and future opportunities.

 
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accreditation outcomes
An overview of the accreditation landscape.

202324 Accreditation Outcomes

Business Accreditation

Business Accreditation as of June 30, 2024

World map of higher education institutions holding 惇蹋勛圖厙 business accreditation

Accreditation Outcomes, July 1, 2023, to June 30, 2024

Notes
Data displayed are as of June 30, 2024.  
Total number of extensions: 188 (includes business and accounting).
Total number of schools achieving business accreditation: 38.
Total number of schools achieving accounting accreditation: 0.
 

Initial Business Accreditation

Number of Schools in Process as of June 30, 2024

Total: 278

Initial Accreditation Visits, July 1, 2023, to June 30, 2024, Outcomes by Region

Total: 43

Continuous Improvement Review

Continuous Improvement Review Visits, July 1, 2023, to June 30, 2024, Outcomes by Region

Total: 210
 
Quality Improvement Icon
What lessons were learned through the peer review process?

202324 Accreditation Insights

Business Standards Most Cited by Peer Review Teams

Schools With Visits Between July 1, 2023, and June 30, 2024, With Accredit and Extend Recommendations

In peer review team reports for both initial accreditation and continuous improvement review (CIR) visits in 2023–24, the following standards were most frequently cited as areas requiring improvement by the schools next visit.

Percent of institutions mentioning business accreditation Standard 3, Standard 1, Standard 5

Standard 9 was mentioned in 94 percent of the decision reports sent, not due to peer review team findings but based on guidance from the accreditation operating committees, which emphasized the need for schools to strengthen their strategic approaches to societal impact.

Source: School decision reports.

Standard 3: Faculty and Professional Staff Resources—Common Issues

  • Faculty Qualifications and Sufficiency: Peer review teams frequently note that schools should more systematically track faculty qualifications and sufficiency ratios to monitor alignment with expected ratios. Feedback in decision reports also indicates that schools must review and refine their qualifications criteria to ensure alignment with their missions and strategic initiatives.
  • Faculty Development and Support: Schools are advised to support faculty development by ensuring that faculty members have adequate time and resources to produce high-quality research and meet the school's strategic goals. In cases where administrators are held to different qualification standards than faculty, schools must have formal policies that differentiate criteria for faculty involved in significant administrative duties.
  • Staffing Capacity for Strategic Growth: In light of enrollment growth and enhanced international profiles, schools are advised to invest in staffing capacity. This includes increasing the number of both faculty and professional positions to support mission-related activities and the needs of stakeholders.

For more information on insights related to Standard 3, please see Faculty Insights.

Standard 1: Strategic Planning—Common Issues

  • Strategic Plan Alignment and Implementation: Peer review teams have noted that while schools understand the need to align the strategic plan with the school mission, the strategic initiatives often lack specificity. Without specific goals and initiatives, schools face challenges with implementing, executing, and monitoring strategic plans.
  • Marketing Plan and Strategy: Peer review teams highlight the importance of having a comprehensive marketing strategy to maximize program enrollment. This approach involves establishing specific enrollment targets and facilitating curriculum enhancement and faculty development.
  • Societal Impact Integration: Schools are expected to intentionally incorporate societal impact into their strategic plans by selecting a focus area or areas and linking to goals that align with the school’s mission, demonstrating impact over time. 

Standard 5: Assurance of Learning—Common Issues

  • Continuous AoL System Improvement: Schools are advised to continually enhance their assurance of learning (AoL) systems, ensuring that they align with the school’s mission and facilitate curriculum improvements based on assessment of learning outcomes. AoL evidence should clearly illustrate how these systems are used for ongoing improvement.
  • Curricular Alignment With Learning Outcomes: Schools should demonstrate alignment between the assessment of learning outcomes and curriculum changes, focusing on program-level improvements rather than course-level adjustments, since AoL is focused on demonstration of learning outcomes at the degree program level.
  • AoL Impact: Schools are advised to provide more robust evidence of how they are “closing the loop” in their AoL processes by actively using assessment data to inform and drive improvements. This involves refining the execution of AoL plans and clearly demonstrating the specific improvements that have been implemented based on assessment outcomes.

Standard 5 was cited for 78 percent of schools with a CIR2 recommendation.

Faculty Insights

Faculty Qualification Ratios for Schools With Visits in 2023–24

Faculty qualification ratios

Note: The category of Additional Faculty, representing 4 percent, is not included above. Values have been rounded and may not equal 100 percent.


The overall participating faculty ratio for schools visited in 2023–24 is 85 percent.

Scholarly Academic Ratios by Discipline


Most Frequently Reported Disciplines


Intellectual Contributions Produced

Count of Intellectual Contributions Produced Over 5 Years by Schools Visited in 202324

Types of Intellectual Contributions

Note: Values have been rounded and may not equal 100 percent.

 
 
Portfolio of Intellectual Contributions


Supplemental Accounting Accreditation

Initial Accreditation and Continuous Improvement Review Accounting Visit Outcomes, July 1, 2023, to June 30, 2024 

Total: 43

Accounting Standards Most Cited by Peer Review Teams for Visits Between July 1, 2023, and June 30, 2024, With Extend Recommendations

Percent of institutions mentioning accounting accreditation Standard A1, Standard A4, Standard A6

Source: Accounting Unit Decision Reports

Standard A1: Accounting Academic Unit Mission, Impact, and Innovation  

  • Resource Allocation: Accounting programs should ensure that their strategic plans are well-aligned with their mission and vision and clearly focused on resource allocation. The plans should also include marketing and recruitment strategies to support program growth. Accounting programs should also establish responsible parties for goals and monitor progress.

Standard A4: Accounting Curriculum Content and Assurance of Learning 

  • Technology Integration in Curriculum: Accounting programs should more intentionally integrate current and emerging technologies such as generative AI into their curriculum. Peer review teams noted the importance of key stakeholder involvement to ensure appropriate technologies are employed in the curriculum.
  • AoL Process Enhancement: Accounting programs should develop both direct and indirect measures to ensure that learners achieve the desired competencies. These measures may include professional exam results and alumni or employer satisfaction surveys.
  • Curriculum Innovation and Alignment With Industry Standards: Accounting programs should continually innovate their curricula to align with the evolving needs of the accounting profession, including updates driven by changes in CPA exam content. Programs should also ensure that curriculum adjustments also reflect assessment outcomes, not just external industry changes.

Standard A6: Accounting Faculty Sufficiency, Credentials, Qualifications, and Deployment  

  • Succession Planning for Faculty Turnover: Accounting programs should develop succession plans to address potential faculty turnover, particularly in leadership roles. Plans should include strategies for maintaining sufficient levels of Scholarly Academic faculty during periods of significant turnover.
  • Faculty Deployment Strategy: Accounting programs should review their faculty deployment strategies to better align with 惇蹋勛圖厙 standards while ensuring that qualified faculty are deployed across all degree programs to support high-quality learner success and achievement of learning competencies.
Volunteers Icon
惇蹋勛圖厙 volunteers weigh in on accreditation and on their contributions.

Volunteers

Anthony Nelson
Dean, School of Business
North Carolina Central University

Volunteer Representation for 2023–24

Notes:
This list includes individuals who served as a volunteer between July 1, 2023, and June 30, 2024, in one of the following roles:
• Operating Committee Member (Accounting Accreditation Committee—AAC; Accounting Accreditation Policy Committee—AAPC; Business Accreditation Policy Committee—BAPC; Continuous Improvement Review Committee—CIRC; Initial Accreditation Committee—IAC)
• Mentor (business or accounting)
• Team Chair (business or accounting)
• Team Member (business or accounting)

Only individuals who agreed to be listed are included. If your name does not appear and you served on one of the roles listed above between July 1, 2023, and June 30, 2024, and would like to be added, please contact us at [email protected]. Thank you.

 

Satisfaction With Accreditation Experience

94% school satisfaction with 2020 standards visit
99% increased value of 2020 standards
97% school satisfaction with myAccreditation
97% volunteer training preparation for accreditation visit
97% satisfaction with volunteer training

886 volunteers have been trained overall on the 2020 standards
132 volunteers were trained in 2023–24
170 volunteers completed the refresher training
Best Practices Icon
What were some of the best practices noted by peer review teams on their visits?

Best Practices and Innovations

All of the following examples are used with permission from the schools.
Accounting Curriculum and Pipeline
All schools hold supplemental accounting accreditation.
The Department of Accounting’s recent includes a significant overhaul of its accounting programs. Improvements focused on further integrating current and emerging technologies and data analytics into its programs and aligning with proposed changes to the then-upcoming 2024 CPA examination. To encourage faculty support and implement such changes, flexibility was built into the courses to enable the faculty to select from various technologies to integrate.
The School of Accountings use of the MAP—Mastering Accounting Principles—is an applied problem-solving approach to teaching the introductory financial accounting course. It is organized into 13 modules including Financial Statements, Dividends and Earnings per Share, Prepaid Expenses and Accruals, Inventory and Depreciation, Cash Flows, and more. The problem-based learning method has been very effective in showing students the power of accounting. Approximately one-fifth of accounting majors were in different colleges prior to their first accounting class; after taking this course, they converted to accounting.
The School of Accountings Collaborative for Academic Excellence (ACE) employs graduate assistants to mentor, tutor, and advise students in accounting coursework, offering these services on a walk-in basis for 50 hours per week. This program benefits accounting students, who often learn best from peers, and graduate assistants, who refine their skills and gain teaching experience. Funded by unused graduate teaching assistant hours, donor support, and departmental funds, ACE recently secured a five-year funding extension from lead donor ConocoPhillips.
Assurance of Learning and Curriculum
CEIBS’s innovative Real Situation Learning Method immerses students in authentic business environments using China-specific case studies. Through these cases, students learn to apply theoretical concepts and enhance their critical thinking and cultural fluency. The CEIBS Case Center has a significant impact on global business education through its more than 2,700 cases, while its research agenda bridges theory and practice, providing actionable insights for scholars and practitioners. This approach embodies the school's “China Depth, Global Breadth” philosophy, solidifying its role as a thought leader in business education.
In the Eberhardt School of Business, the course Dreyfuss Family Fixed Income Fund is a student-managed fund of real money where students conduct investment research, present their recommendations, and vote on final decisions for holdings in the portfolio. The school also has a similar course for equities titled Eberhardt Student Investment Fund. The total value of assets under student management is more than 4.5 million USD. By having separate student-managed equity and fixed-income instruments, the school provides hands-on opportunities to both undergraduate and graduate students.
The Analysis & Commentary (A&C) and Identification of Improvements and Implementation (III) templates used at the Lazaridis School of Business and Economics offer valuable guidance to faculty and staff in the ongoing efforts to create a mature AoL system. The forms help provide a sound AoL structure, while also ensuring reliable reporting across faculty and staff. Although the school’s AoL achievements resulted from the broader collaborative contributions of Lazaridis personnel, the established a foundation for success.
The Integrated Core Experience (ICE) program at the McIntire School of Commerce features extensive team teaching across disciplines, real-world business challenges provided by employers, and significant staff support. The program covers 12 academic credit hours in the first semester and nine in the second. Both current students and alumni strongly identify with their ICE teams, often forming lifelong friendships and a deep sense of belonging to the school.
Impact and Engagement
Brooklyn Colleges Murray Koppelman School of Business launched an undergraduate risk management and insurance program to better prepare students for careers in risk management and insurance, an industry that hires students from disciplines including marketing, analytics, and numerous others. Many students from traditionally underrepresented and diverse backgrounds have received risk and insurance course tuition awards from global professional services firm Aon, and some have been hired by Aon as interns. This initiative with Aon and the Spencer Educational Foundation aims to enhance diversity, equity, and inclusion in the professional workforce.
Project Elevate brought together Monash Education Academy, faculty, and educational designers to reimagine teaching and assessment practices. The project aimed to decrease failure rates, improve student engagement, and elevate the student experience. The 2023 implementation led to significant increases in student engagement in LMS material, positive feedback from students, improved learning outcomes, and a decline in failure rates.
The Carson College of Business has developed a research insights committee comprised of scholarly faculty, career-track faculty, and marketing communications staff members. This committee has developed a database of college research that is leveraged to both identify and promote research findings that hold the potential to inform internal and external stakeholders. This effort directly supports the colleges strategic goal of being recognized as a source for thought leadership and critical insights in the local region and state.
Faculty Development and Management