a proposal to enhance the wisconsin lutheran college accounting program isaac hill david parez
TRANSCRIPT
Current Status of Accounting Program Accounting is a possible emphasis of the
Business Administration Major. Students take at least 8 semesters to
complete the emphasis. Program employs one full-time
professor, with several adjunct professors.
Program has been growing over the last few years.
Our Basic Desires1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
Process of Creating an Accounting Major Four major criteria go in to proposing a
major:1. Why is this major being proposed?2. What is the level of student interest
and probable demand in this major?3. How common is this major at other
colleges and universities?4. How does this major adhere to
Wisconsin Lutheran College’s academic goals?
Why is it being proposed? Advertising to future students to
increase enrollment Personalizing education toward
accounting majors Matching massive credit hours with title
of degree Improve resumes and job outlook post-
graduation
What is the level of interest or demand? Advanced Accounting enrollment of 8-10
per semester Intermediate Accounting (1 and 2)
enrollment of 15-20 per semester Demand of accounting jobs and empty
positions
How common is this major?
College Undergrads Accounting Major
Marquette University 8400 Yes
Cardinal Stritch 6000 Yes
Concordia University - Wisconsin 4300 Yes
Carroll University 3300 Yes
Carthage College 2500 Yes
Edgewood College 2000 Yes
Mount Mary College 1200 Yes
Wisconsin Lutheran College 1100 No
Lakeland College 950 Yes
How does this major adhere to college’s academic goals? Assists students to spread Lutheran
message Encourages students to actively learn
and pursue Truth Enhancing learning opportunities by
adding more academic material Attracting prospective students Fulfilling Vision 2020
What classes would need to be added to the curriculum? Information Systems classes
Classes addressing the use of common accounting software in the business field
Gives students hands-on experience with business software
What are the implications of adding this major……on the staff and students?
Additional staff would be required Instructing new courses Preparing for influx of students
Staffing distribution would not be harmed
Ideal class size already exists
What are the implications of adding this major……on the budget?
Minimal hiring of staff Purchase of software for information
systems
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
What is a CPA? CPA stands for Certified Public
Accountant Acquired upon:
Passing a comprehensive exam Attaining a certain amount of work hours
Benefits: Ensures professional competence of an
accountant Provides recognition of credibility to
accountant
CPA Exam Requirements:
150 overall credits 24 credits within accounting
150 credits can be achieved through either undergraduate or post-graduate credits
Track to the CPA Exam Students can complete the accounting
degree in 8 semesters, including a full-time internship
Two paths to 150 required credits: Applying to post-graduate program Completing all credits in undergrad
Master’s Program Students can enhance accounting
education through achieving a Master’s Master’s in Accounting Master’s in Taxation
College can form relationships with local Master’s programs UW-Whitewater UW-Milwaukee Marquette
Undergraduate Track In 5th year of studies, students can
complete a minor or other business emphases: Finance Management Marketing
A minor or any combination of two emphases would complete 150 credit requirement
SEMESTER COURSE COURSE TITLE
Year 1
Fall
English 101 Introduction to College Writing
Bus Adm 230 Introduction to Information Systems
Math 105 Intermediate Algebra
Humanities General Education Requirement
Social Science General Education Requirement
Spring English 102 College Writing and Research
Math 211 Survey in Calculus and Analytic Geometry
Communication 103 or 105 Communication requirement
Econ 103 Principles of Microeconomics
Natural Science/Lab General Education Requirement
Year 2 Fall
Bus Adm 201 (B or better and 3.00 GPA) Introduction to Financial Accounting
Bus Adm 210 Introduction to Management Statistics
Economics 104 Principles of Macroeconomics
Humanities General Education Requirement
English 205 Business Writing
Spring Bus Adm 301 (B or better) Intermediate Accounting
Bus Adm 300 (1 credit) Career and Professional Development
Art General Education Requirement
Natural Science General Education Requirement
Social Science/Cultural Diversity General Education Requirement
SEMESTER COURSE COURSE TITLE
Year 3
Fall
Bus Adm 402 Advanced Financial Accounting
Bus Adm 405 Income Tax Accounting I
Bus Adm 350 Principles of Finance
Bus Adm 330 Organizations
Bus Adm 360 Principles of Marketing
Spring Bus Adm 406 Income Tax Accounting II
Bus Adm 408 Accounting Information Systems
Bus Adm 391 Business Law
Bus Adm 450 Intermediate Finance
General Elective Business or non-Business Course
Summer
Bus Adm 370 Operations Management
Business Elective Elective Business Course
General Elective Business or non-Business Course
Year 4
Fall
Bus Adm 404 Cost Management
Bus Adm 409 Auditing: Procedures and Applications
International Business Component Choose 1: Bus Adm 456, 465, 496, 498, 535, 541, 551
Business Elective Elective Business Course
Business Elective Elective Business Course
Spring Bus Adm 400 (Business Elective) Accounting Internship
Bus Adm 600 Management Analysis
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
Current Direction of Internships Professor Stelzer is currently working on
attracting local firms Target individual firm, rather than multiple Achieve ongoing relationship with one or
two firms Bring in individual firms to meet on
campus with prospective interns
Issues Facing Accounting Internships Accounting internships are harder to find
than general business internships Little rapport with local firms
Over 25 local accounting companies, ranging in size
Currently two interns at Baker Tilly Difficult to draw attention from multiple
firms Size of student body Age of program
Future Direction of Internships Continue to build rapport with
Milwaukee firms Attempt to host accounting firms on
regular basis Use professors’ histories at local
companies Professor Wagner at Deloitte Professor Derouin at Baker Tilly
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
Adjunct Professors in theAccounting Program Wisconsin Lutheran College employs 3
or 4 adjunct professors each semester Benefits:
Monetarily efficient Bring work experience to classroom
Future of Adjunct Professors Continue to utilize adjunct professors for
the good of the school and the students Diversify adjunct professors
Accounting firms Small businesses Tax services
Enhance breadth of experience
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
What is the AACSB? Association to Advance Collegiate
Schools of Business International organization founded with
mission of accrediting business schools Benchmark statistic of good business
schools Under 700 schools worldwide Marquette and UWM are both accredited
Accreditation Process Institution must first be a member of
AACSB through an application process Accreditation is achieved through
subsequent application process Adhere to AACSB standards Approval by committee
Many categories of standards to be met
Benefits of Accreditation International recognition as a business
school Appeal to recruitment offices of major
businesses Only two schools in Milwaukee area with
accreditation Attract better students, professors, and
opportunities
Reality of Accreditation AACSB accreditation is not a near-future
goal Difficult for small schools Requires a lot of changes
Accreditation is a positive long-term goal Focus on reaching the standards Work with what we are blessed with
1. Creation of an Accounting Major2. Design a track to CPA exam
requirements3. Improve internship opportunities4. Hire more adjunct professors5. Move towards AACSB accreditation
Conclusion Pleased with the overall progress of
accounting program Proposal evidently shows areas of
potential growth Improving accounting program would
ultimately improve Wisconsin Lutheran College