Oct. 2, 2008
MU's Accounting Programs Earn International Accreditation Distinction
Special to Huntingtonnews.net
Huntington, WV (HNN) – The international organization that accredits accounting and business programs has announced that Marshall University's Division of Accountancy and Legal Environment has achieved accounting accreditation and is now one of 169 institutions in the world with such a distinction.
AACSB International, or the Association to Advance Collegiate Schools of Business, is the longest-serving and largest global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. It is an association of more than 1,100 educational institutions, business and other organizations in 70 countries that are dedicated to the advancement of management education worldwide.
Dr. Loren Wenzel, head of the Division of Accountancy and Legal Environment in the Lewis College of Business, is pleased with the AACSB distinction.
"Credit for this accomplishment should be given to the Accounting Advisory Board who gave of their time, their talent and their treasure to make this achievement possible. The advice they gave our world-class accounting faculty over the years was instrumental in helping us develop=2 0a world-class curriculum.
"The accreditation effort was entirely financed by employers, alumni and other supporters. The division, the business college and the university are fortunate to have so many people who care about Marshall's success," said Wenzel, who is also the Elizabeth McDowell Lewis Endowed Chair.
Achieving accreditation is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete. During these years, the school develops and implements a plan to meet the 21 standards requiring a high quality teaching environment, a commitment to continuous improvement and curricula responsive to the needs of business. Accounting accreditation further requires the satisfaction of an additional set of 15 standards that are specific to the discipline and profession of accounting.
Dr. Chong W. Kim, interim dean of the Lewis College of Business, is proud of the work of the faculty and staff in the accounting program.
"Thanks to the hard work and dedication of the faculty and staff in our accounting program as well as the tremendous leadership of Dr. Loren Wenzel, our students are now part of an internationally distinguished program," Kim said. "I know that our students are going to benefit from earning a degree from a program that is part of an elite group of educational institutions."
Institutions that earn AACSB accreditation confirm their commitment to quality and continuous improvement. By choosing to enter into this voluntary process, AACSB-accredited schools have made a public statement that their leadership, faculty,20staff and students choose to be held accountable for higher expectations and educational quality. Once confirmed, accreditation stands as an externally validated hallmark of excellence, and the process is ongoing with maintenance reviews every five years. The AACSB accreditation of Marshall's Lewis College of Business programs was maintained in 2007.
Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International, said it takes a great deal of commitment and determination to earn this accreditation.
"These schools have met rigorous standards of excellence as well as made a commitment to ongoing improvement that ensures that they will deliver a high quality education to students," Trapnell said.
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MU's Accounting Programs Earn International Accreditation Distinction
Special to Huntingtonnews.net
Huntington, WV (HNN) – The international organization that accredits accounting and business programs has announced that Marshall University's Division of Accountancy and Legal Environment has achieved accounting accreditation and is now one of 169 institutions in the world with such a distinction.
AACSB International, or the Association to Advance Collegiate Schools of Business, is the longest-serving and largest global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. It is an association of more than 1,100 educational institutions, business and other organizations in 70 countries that are dedicated to the advancement of management education worldwide.
Dr. Loren Wenzel, head of the Division of Accountancy and Legal Environment in the Lewis College of Business, is pleased with the AACSB distinction.
"Credit for this accomplishment should be given to the Accounting Advisory Board who gave of their time, their talent and their treasure to make this achievement possible. The advice they gave our world-class accounting faculty over the years was instrumental in helping us develop=2 0a world-class curriculum.
"The accreditation effort was entirely financed by employers, alumni and other supporters. The division, the business college and the university are fortunate to have so many people who care about Marshall's success," said Wenzel, who is also the Elizabeth McDowell Lewis Endowed Chair.
Achieving accreditation is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete. During these years, the school develops and implements a plan to meet the 21 standards requiring a high quality teaching environment, a commitment to continuous improvement and curricula responsive to the needs of business. Accounting accreditation further requires the satisfaction of an additional set of 15 standards that are specific to the discipline and profession of accounting.
Dr. Chong W. Kim, interim dean of the Lewis College of Business, is proud of the work of the faculty and staff in the accounting program.
"Thanks to the hard work and dedication of the faculty and staff in our accounting program as well as the tremendous leadership of Dr. Loren Wenzel, our students are now part of an internationally distinguished program," Kim said. "I know that our students are going to benefit from earning a degree from a program that is part of an elite group of educational institutions."
Institutions that earn AACSB accreditation confirm their commitment to quality and continuous improvement. By choosing to enter into this voluntary process, AACSB-accredited schools have made a public statement that their leadership, faculty,20staff and students choose to be held accountable for higher expectations and educational quality. Once confirmed, accreditation stands as an externally validated hallmark of excellence, and the process is ongoing with maintenance reviews every five years. The AACSB accreditation of Marshall's Lewis College of Business programs was maintained in 2007.
Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International, said it takes a great deal of commitment and determination to earn this accreditation.
"These schools have met rigorous standards of excellence as well as made a commitment to ongoing improvement that ensures that they will deliver a high quality education to students," Trapnell said.
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