fy2012 departmental annual report of ... annual report fy2012 1 fy2012 departmental annual report of...

DEPARTMENTANNUALREPORT FY2012

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FY2012DEPARTMENTALANNUALREPORTOFCONTINUOUSIMPROVEMENT

DepartmentofEconomics,FinanceandAccounting

FortHaysStateUniversity

I. DEPARTMENTALOVERVIEW

TheDepartmentofEconomics,Finance,andAccountingoffersoutstandingundergraduateandgraduateinstructionintheaccounting,economics,andfinancedisciplines.Currently,thedegreeandmajorsofferedbythedepartmentareaB.B.A.inAccounting;aB.B.A.inAccountingwithaconcentrationinpublicaccounting,aB.B.A.inFinance,aB.B.A.inFinancewithconcentrationsinbanking,economics,andfinancialplanning;andaB.B.A.inInternationalBusinessandEconomics.Minorprogramsinaccounting,economics,finance,andinternationalbusinessandeconomicsandacertificateprograminaccountingarealsooffered.ThefinancialplanningprogramisregisteredwiththeCertifiedFinancialPlannerBoardofStandardsInc.(CFPBoard).StudentswhocompletethismajormeettheCFPBoard’seducationrequirementsthatwillallowthemtotaketheCFP®CertificationExamination.TheCollegeofBusinessandLeadershipistheonlybusinessschoolintheStateofKansasthatoffersanundergraduatedegreeprograminfinancialplanning.StudentsthatcompletetheB.B.A.inAccountingwithaconcentrationinPublicAccountingwith150totalcredithoursareeligibletositfortheCPAExaminationinKansas.TheDepartmentisalsoheavilyinvolvedintheCollegeofBusinessandLeadershipMBAProgramthatinvolvesteachingmultiplesectionsofgraduatelevelclasseseachsemester.ThreeofthefourMBAlevelingclassesandfouroftheeightMBAcoreclassesaretaughtbyfacultyintheDepartmentofEconomics,Finance,andAccounting.Inaddition,manyMBAstudentstake600‐levelclassesintheaccounting,economics,andfinanceareasaspartoftheirconcentrationintheMBAProgram.ThedepartmentservicestheMBAconcentrationsinAccounting,inFinance,andinInternationalBusiness.


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A. DepartmentalMissionandVisionStatements

Mission:

ThemissionoftheDepartmentofEconomics,Finance,andAccountingistosupportthemissionsoftheCollegeofBusinessandLeadershipandFortHaysStateUniversityby:(1)providingqualityinstructiontostudentstopreparethemforsuccessfulcareers;(2)engaginginscholarlyactivitytomaintainacademiccurrencyandtoadvanceknowledgeinfieldsofspecializationofdepartmentalfaculty;and(3)providingservicetotheuniversityandgreatercommunity.Vision:

TheDepartmentofEconomics,Finance,andAccountingaspiresto:• upholdhighstandardsofacademicperformance• respectstudentsandprovidethemwithqualityeducation• promoteemploymentopportunitiesforstudents• maintainacollegialworkenvironment• interactwiththegreatercommunity• sustaincontinuousimprovementandinnovation.

B. DepartmentalGoals,Objectives,andStrategicPriorities

Goalsandobjectivesforthe2011‐2012academicyear:1. Developmarketingeffortsforstudentrecruitingintomajors/concentrationsandthe

accountingcertificateprogram;2. Continueprogramandcourseassessments;3. FocusonresearcheffortsoffacultyinlinewithAACSBaccreditationstandards.

StrategicPrioritiesforthe2011‐2012academicyear:1. ContinueinvolvementwiththeAACSBaccreditationprocessfortheCollegeofBusinessand

Leadership;2. Continuewiththedevelopmentofstudentlearningoutcomesatthecourseandprogram

levels;and3. Developandimproveassessmentmethodologies.

C. DepartmentProductivityandDistinctiveAccomplishments

Thefollowingareafewhighlightsofdepartmentalaccomplishments:

Awards:• Mr.ColeEngelreceivedthe2012FHSUNavigatorAward.• Dr.SamuelSchreyerreceiveda2012SummerResearchAward.


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Publications:• Dr.CharlesGnizakandMrs.JoanRumpelhadanarticlepublishedintheMidwestern

BusinessandEconomicReview.• Dr.RoryTerryandDr.DosseToulaboehadanarticlepublishedintheJournalofApplied

BusinessandEconomics.• Mr.ColeEngelandMrs.JoanRumpelhadanarticlepublishedintheAcademyofMarketing

StudiesJournal.• Dr.SamuelSchreyerhadanarticlepublishedintheJournalofFinancialEconomicPolicy.• Dr.KathleenAranoandDr.CarlParkerhadanarticlepublishedintheJournalofApplied

BusinessandEconomics.• Dr.KathleenAranohadanarticlepublishedinInternationalJournalofEnergySector

Management.• Dr.WinJordanhadanarticlepublishedintheJournalofBusinessandLeadershipandwill

haveoneupcominginTAXPROJournal.Presentations:• Dr.KathleenAranopresentedpapersattheMissouriValleyEconomicAssociationAnnual

MeetingandtheBusinessandLeadershipSymposium.• Dr.EmilyBreitpresentedpapersattheFinancialManagementAssociationInternational

ConferenceandtheBusinessandLeadershipSymposium• Dr.TomJohansenpresentedtwopapersattheBusinessandLeadershipSymposium.• Dr.WinJordanpresentedpapersattheAcademyofBusinessResearchInternational

ConferenceandtheBusinessandLeadershipSymposium.• Dr.SamuelSchreyerpresentedapaperattheBusinessandLeadershipSymposium.• Dr.RoryTerrypresentedthreepapersattheBusinessandLeadershipSymposium.• Dr.DosseToulaboepresentedapaperattheBusinessandLeadershipSymposium.OtherActivity:• TheDepartmentAdvisoryCouncilmeetingwasheldonOctober7,2011.• ThedepartmentheldaBack‐to‐SchoolSocialfordepartmentmajorsonSeptember1,2011.• ThedepartmenthostedareceptioninhonorofSethAlbin(FHSUaccountinggraduate)for

receivingtheElijahWattSellsAwardfromtheAICPA.• AnEconomicsClubwasinitiatedasanewstudentorganizationopentoallFHSUstudents.• TheStudentChapteroftheAssociationofCertifiedFraudExaminersorganizedaconference

entitled“Non‐ConfrontationalInterviewingTechniques”withapproximately100participants.

• TheteamoffinancialplanningstudentsfromFHSUplacedfirstinthenationattheFinancialPlanningChallengenationalcompetitionheldinSanDiegoinSeptember2011.

• AccountingfacultymembersandaccountingmajorsparticipatedintheVolunteerIncomeTaxAssistance(VITA)Programandhelpedprepare150taxreturnsforstudentsandmembersofthelocalcommunity.

• Mr.ColeEngelandtwoundergraduateaccountingmajorshelpedconductanannualreviewoftheKansasCavalrybooksandpreparedannualfinancialstatementsfortheKansasDepartmentofCommerce.


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• Dr.KathleenAranoattendedtheMissouriValleyEconomicAssociationAnnualMeetingandtheUniversityPressofKansasEditorialMeeting.

• Mr.ColeEngelattendedtheAmericanAccountingAssociationAnnualMeeting.• Mr.ColeEngel,Dr.CharlesGnizak,Dr.GlennGrowe,Ms.JessicaHeronemus,andMrs.Joan

RumpelattendedtheWichitaStateUniversityAccountingandAuditingConference.• Dr.CharlesGnizak,Dr.GlennGrowe,andDr.DosseToulaboeattendedtheConnectwith

KochroundtablediscussionhostedbyKochIndustries.• Dr.CharlesGnizakattendedtheKansasSocietyofCPAs2012SpringLeadershipSummit.• Dr.CharlesGnizakattendedtheKansasSocietyofCPAsLeadershipCabinetMeetingandthe

61stAnnualKansasTaxConference.• Dr.CharlesGnizakattendedtheKansasSocietyofCPAs2011StrategicPlanningBoard

Retreat.• Dr.TomJohansenattendedtheFinancialPlanningAssociationCertifiedFinancialPlanner

BoardRegisteredProgramConference.• Dr.TomJohansenattendedtheFinancialPlanningAssociationExperience2011Conference.• Dr.DosseToulaboeattendedtwospeakersprogramssponsoredbytheWorldTradeCouncil

ofWichita.

II. DEPARTMENTALPERFORMANCEMETRICSA. DepartmentPerformanceIndicators

KeyPerformanceIndicator FY2008 FY2009 FY2010 FY2011 FY2012

Freshmen[20THDAYFALLSEMESTER,HEADCOUNT]

34 39 41 37 34

Accounting(BBA,403‐0502) 28 26 23 27 13

Finance(BBA,403‐0504) 6 12 18 8 16

InternationalBusinessandEcon(BBA,403‐0505) 0 1 0 2 5

TransferStudents[20THDAYFALLSEMESTER,HEADCOUNT]

53 24 32 29 29

Accounting(BBA,403‐0502) 29 13 16 19 17

Finance(BBA,403‐0504) 24 11 15 10 11


Undergraduate(firstmajors/secondmajors)[20THDAYFALLSEMESTER,HEADCOUNTOFFIRSTMAJORS,HEADCOUNTOFSECONDMAJORS]

276/20 247/19 259/29 238/27 228/15

Accounting(BBA,403‐0502) 170/11 151/8 163/8 146/10 138/5

Finance(BBA,403‐0504) 106/9 94/11 89/21 86/17 77/10

InternationalBusinessandEcon(BBA,403‐0505) 0/0 2/0 7/0 6/0 13/0

MajorRetention[20THDAYFALLSEMESTER,PERCENTOFMAJORSRETURNING]

65.85% 65.15% 63.78% 63.22% 65.20%


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Accounting(BBA,403‐0502) 65.10% 67.30% 66.89% 64.63% 71.01%

Finance(BBA,403‐0504) 67.01% 61.90% 59.13% 60.22% 56.62%

InternationalBusinessandEcon(BBA,403‐0505) 0.00% 0.00% 50.00% 71.43% 50.00%

UndergraduateStudentCreditHours[TOTALUNDERGRADSCH]

14,347 9,849 10,238 7,782 8,328

GraduateStudentCreditHours[TOTALGRADSCH]

483 753 789 1,032 1,173

TenuredorTenure‐trackFaculty(Headcount)[FTEOCCUPIEDFROMPOSITIONCONTROL]

7 10 9 10 10

NonTenure‐TrackFaculty(Headcount)[FTEOCCUPIEDFROMPOSITIONCONTROL]

0 2 4 3 3

OtherFaculty(Headcount/SectionsTaught)[OTHERFACULTYAT4SECTIONS=1FTEFORMULA;INCLUDENUMBEROFFTEANDSECTIONSTAUGHT]

7/20 6/20 4/11 3/3(0.75FTE)

3/3(0.75FTE)

UndergraduateDegrees[UNDERGRADDEGREESAWARDED]

58 51 55 42 49

Accounting(BBA,403‐0502) 23 24 33 23 32

Finance(BBA,403‐0504) 35 27 22 19 17


Brieflynote2‐3improvementsoverthelastyearpromptedfromtheaboveenrollmentindicators.Therehasbeenanincreaseinthenumberofgraduates.Thedepartmentistakingmeasurestoaddressthedeclineinfreshmanaccountingmajorsandthedropinmajorsoverall.

Numberofbooks,bookchapters,andrefereedarticlespublished[TOTALNUMBERPUBLISHED]

3 4 9 4 7

Percentoffacultypublishingrefereedbooks,chapters,orarticles[PERCENTOFFACULTYPUBLISHINGFORFY2008(FACULTYPUBLISHING/TOTALFACULTY)]

57% 50% 57% 31% 69%

Numberofnon‐refereedarticlesandpresentations[TOTALNUMBERCOMPLETED]

5 7 12 5 12

Percentoffacultypublishingnon‐refereedarticlesorpresentations[PERCENTOFFACULTYCOMPLETING(FACULTYPUBLISHING/TOTALFACULTY)]

71% 42% 50% 38% 54%

Numberofscholarlyperformancesandothercreativeactivities[TOTALNUMBEROFCREATIVEPERFORMANCES]

0 0 0 0 0

Percentoffacultyinscholarlyperformancesorothercreativeactivities[PERCENTOFFACULTYINCREATIVESCHOLARSHIP(FACULTYPERFORMINGCREATIVEACTIVITY/TOTALFACULTY)]

0% 0% 0% 0% 0%

Totalnumberofexternalgrantapplicationssubmitted/percentoffacultysubmitting[TOTALNUMBEROFEXTERNALGRANTAPPLICATIONS/PERCENTFUNDED]

1/14% 0 0 0 0


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Totalnumberoffundedexternalgrants/percentoffacultyfunded[DOLLARAMOUNTOFEXTERNALGRANTAPPLICATIONS,PERCENTOFFACULTYFUNDED]

0 0 0 0 0

Totalnumberstudentssuccessfullycompletinganundergraduateresearch/creativeproject[TOTALNUMBEROFUNDERGRADSTUDENTSCOMPLETING,CONTRIBUTINGTO,ORPRESENTINGACREATIVEORSCHOLARLYPROJECT]

15 21 16 23

Brieflynote2‐3improvementsoverthelastyearpromptedfromtheabovescholarly/creativeactivitiesindicators.ThenumberofrefereedpublicationsandpresentationsincreasedinFY2012.Therearealsoanumberofarticlesunderreview,asthereremainsasustainedresearcheffortamongfaculty.

[NOTE:EachdepartmentMUSTreportatleasttwodirectmeasuresofstudentlearningoutcomesandtwoindirectmeasures.Examplesofdirectmeasuresinclude:first‐timepassrateoraveragescoresonstandardexitexam,numberofstudentssuccessfullycompletingreviewedportfolios.Indirectmeasureswouldincludestudentsatisfaction,alumniandemployerdata,oranyotherperceptionbaseddata.]

DirectOutcome1Thefinancialplanningteam’splacementintheFinancialPlanningChallengenationalcompetition

Thirdinnation

N/A

Competitionwasnotheld

N/A

Competitionwasnotheld

Secondinnation

Firstinnation

DirectOutcome2Number/percentageofseniorsgraduatingwithhonors.

10/18%

8/19%

12/24%

DirectOutcome3PercentageofstudentspassingtheIntermediateAccountingIIclass(amajorrequirement)withagradeof“A”or“B”

71%

71%

63%

53%

DirectOutcome4PercentageofstudentspassingtheIntermediateFinanceclass(amajorrequirement)withagradeof“A”or“B”

76%

77%

54%

52%

IndirectIndicator1SatisfactionwithmajorasmeasuredbytheSeniorSurvey(scoreisoutof5).[AnewsurveyinstrumentwasimplementedinSpring2010.SeeAppendixD.]

4.02

4.22

3.89

4.00

3.90

IndirectIndicator2OnlineCourseEvaluation:Asaresultofthiscourse,myknowledgeskillsinthesubjectincreased.TEVAL:Overalleffectivenessasateacher.(Maxof5;OnlineCourseEvaluationmeasurementusedbeginningFY2012)

3.81

3.80

3.76(F’09)

Notavailable

4.18

Deptseniorstudents’LevelofAcademicChallenge[FHSULACSCORE,DEPTLACSCORE]

53.8751.51

54.6558.55

55.953.88

56.451.86

56.255.09

Deptseniorstudents’ActiveandCollaborativeLearning[FHSUACLSCORE,DEPTACLSCORE]

45.8548.10

45.3455.16

46.145.29

43.938.24

44.543.61


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Deptseniorstudents’Student‐FacultyInteraction[FHSUSFISCORE,DEPTSFISCORE,N,%]

44.7344.00

45.3456.00

41.035.68

38.534.44

38.444.00

Deptseniorstudents’EnrichingEducationalExperiences[FHSUEEESCORE,DEPTEEESCORE,N,%]

34.0924.64

34.7229.59

34.033.08

32.926.00

32.723.85

Deptseniorstudents’SupportiveCampusEnvironment[FHSUSCESCORE,DEPTSCESCORE,N,%]

57.3058.89

59.5752.44

60.360.60

60.860.37

59.859.03

NumberofNSSEparticipants[NUMBEROFDEPTSRSTUDENTS,PERCENT]

1022%

613%

2840%

1629%

1119.64%

Brieflynote2‐3improvementsoverthelastyearpromptedfromtheabovestudentlearning/engagementindicators.DirectOutcomes3and4reflectthatacademicstandardsarebeingupheld.DirectOutcomes1and2provideevidencethatourstudentsdevelopskillsetsthatallowthemtobecompetitivewithstudentsfromotherschools.

[NOTE:Departmentsmaypickuptothreekeyperformanceindicatorstheycurrentlymeasurebutarenotcapturedabove.Thesemeasurescouldbeusedtotrackdepartmentalresultsonspecificyearlygoals.Examplesmightinclude:numberofSRPsattended,numberofnewfreshmencontacted.(Thesewillvarybydepartmentbasedongoals.)]

Outcome/Indicator1FinancialPlanningcurriculumregisteredwiththeCertifiedFinancialPlannerBoardofStandards

Yes

Yes

Yes

Yes

Yes

Outcome/Indicator2ThecurriculumfortheB.B.A.inAccountingwithaconcentrationinpublicaccountingisacceptedbytheKansasBoardofAccountancytoqualifystudentstositfortheCPAExamiftheyhave150collegecredithours

Yes

Yes

Yes

Yes

Yes

Outcome/Indicator3NumberofaccountingmajorsparticipatingintheVolunteerIncomeTaxAssistance(VITA)program

32

25

30

Brieflynote2‐3improvementsoverthelastyearpromptedfromtheaboveindicators.Thedepartmenthasacontinuedcommitmentincriticalareas.TheVITAProgramshowsasignificanteffortbystudentsandfacultytoengageincommunityservice.


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C. DepartmentQualityInitiativesandResults

FY2012QualityInitiatives Results

Developmarketingeffortsforstudentrecruitingintomajors/concentrationsandtheaccountingcertificateprogram

Thedepartmentattemptedtofocusonwhatcanbedonetoincreaseinterestinthemajorsandconcentrationsbyusingnewrecruitingtools.AQRcodethatgoestothedepartmentwebsitewasdesignedforuseonabookmark,brochures,andotherdepartmentliterature.TheQRcodewasalsousedonaspeciallydesignedT‐shirtthatwillbegiventoprospectiveandcurrentdepartmentalmajorsasapromotionalitem.Thewebsitewaskeptup‐to‐dateandtherewasanincreaseduseofe‐mailtocommunicatewithprospectivestudentsandcurrentstudents.

Programandcourseassessmentswillcontinue

‐‐Programandcourseassessmentison‐going‐‐Pre‐andPost‐testsarebeingusedinsomebeginninglevelclasses‐‐Standardizedrubricshavebeenandcontinuetobedeveloped‐‐StudentstakeETSExamandCLAExam‐‐Asurveyofgraduatingseniorsissentouteachsemester

FocusonresearcheffortsoffacultyinlinewithAACSBaccreditationstandards

Eachfacultymemberisactivelyengagedinatleastoneresearchprojectwiththeobjectiveofsubmittingapaperforreviewtoarefereedjournal.Facultyhad9publicationsand10paperpresentationsthisacademicyear.

FY2013QualityInitiatives ResponsibleParty,Resources,andPlan

Developmarketingeffortsforstudentrecruitingintomajors

Thedepartmentwillcontinuetofocusonwhatcanbedonetoincreaseinterestinitsmajorsandtrytodeterminewhatrecruitingtoolstousetoaccomplishthisgoal.ThedepartmentwantstotouchbasewithhighschoolcounselorsacrossthestateandineasternColoradotobesuretheyareawareofourprograms.

Programandcourseassessmentswillcontinue

MuchofthisactivityisneededtohelpachieveAACSBaccreditation.Thedepartmentwillworktoimproveassessmentmethodologiesandmakechangesbasedonresultsofpriorassessmentactivity.

Focusonresearcheffortsoffaculty FacultymemberswillbeheldaccountabletomaintainaresearchagendathatwillmeetthestandardssetforthbyAACSB.TheexpectedresearchagendaforeachfacultymemberisoutlinedintheAnnualStatementofResponsibilitiessignedbythefacultymember,chair,anddean.

Consideradditionalcertificateprograms

Thedepartmentalreadyoffersacertificateinaccounting,sofacultymemberswilldiscussthepossibilityofdevelopingadditionalcertificateprogramstomeettheneedsofFHSUstudents.


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D. InstitutionalQualityResults

FY2012UniversityInitiatives DepartmentActivities/Results

IncreaseaccessandretentionforHispanicstudents

FacultyprovidedadditionalassistanceasneededtothisgroupofstudentstomakesuretheywereontrackwiththeirdegreeprogramandwereawareofFHSUresources.

IncreasethequantityandqualityofK‐12teacherseducated

Notapplicable.

Improveundergraduatestudents’foundationalskills

InmanyclassesstudentsweregivenwritingassignmentsandencouragedtoutilizetheWritingCentertohelpdeveloptheirwritingskills.Manyclassesareveryquantitativeandthereforebuilduponthequantitativeskillsstudentsacquirefromtheirearlymathclasses.

Enhancephysicalwellnessofstudents,faculty,andstaff

Notapplicable.

Internationalizethecampusandcurriculum

ThedepartmentofferstheInternationalBusinessandEconomicsmajor.

III. FY2012STRATEGYANDOPPORTUNITIESFORIMPROVEMENTA. DepartmentalReflectionofStrengths,Needs,Opportunities,andThreats

AdepartmentadvisorycouncilmeetingwasheldonOctober7,2011thatenabledthedepartmenttoreceiveinputaboutourdegreeprogramsfromourexternalconstituents.AdepartmentstrategicplanningretreatwasthenconductedonMarch18,2012toestablishgoals,priorities,andexpectedoutcomesfortheupcomingacademicyear.


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CurrentStrengths CurrentNeeds

1.AcademicallyqualifiedfacultythatarerecognizedasleadersintheCollegeofBusiness&Leadership(COBL):

• Dr.AranochairstheCOBLResearchCommittee

• Dr.BreitchairstheCOBLAssuranceofLearningCommittee

• Dr.TerrychairstheCOBLMBACommittee

• Dr.ToulaboechairstheCOBLBBACurriculumCommittee.

2.Sustainedfacultyresearchproductivity.3.Collegialworkenvironment.4.Outstandingdepartmentalstudentorganizations.5.Strongworkethicofdepartmentmajors.

1.NeedtohireanAcademicallyQualified(AQ)facultymemberineconomics.2.NeedtohireanAcademicallyQualified(AQ)facultymemberinfinance.3.NeedtohireanAcademicallyQualified(AQ)facultymembertohelpstaffcoursesfortheMBAprogram.4.Needtobecompetitivewithfacultysalariestoattractandretaingoodfaculty.

FutureOpportunities FutureThreats

1.Increasedopportunitiesforallfacultyinthedepartmenttoworkjointlyonresearchprojects.2.Theabilitytorecruitcommunitycollegetransfersbysigning2+2articulationagreementswithcommunitycollegesinKansas.3.TheInternationalBusinessandEconomicsmajorhasthepotentialtogrowrapidlywithon‐lineavailability.

1.Facultyworkloadsareclosetocapacityintermsofin‐loadplusoverloadassignmentsforfull‐timefaculty.2.Thedepartmentisresponsibleforstaffing3ofthe4MBAlevelingclassesand4ofthe8MBAcoreclasses.Thecoreclassesareofferedbothonlineandon‐campus,withmultiplesectionswhichputsagreatstrainonthedepartmentandtakesfacultyawayfromservicingourundergraduatemajors.3.DecreaseinwesternKansaspopulationcouldimpacton‐campusenrollment.

B. OpportunitiesforImprovement

OpportunityforImprovement ResourcesRequiredExpectedResult

andCompletionDate

DevelopabettermarketingplanfortheInternationalBusinessandEconomicsmajortotryandincreasethenumberofmajorsinthatprogram.

AnotherfacultymemberintheeconomicsareaisneededtoassistwiththeMBAclassessocurrentfacultyareabletoconcentrateonteachingthecoursesforthisundergraduatemajor.

Dr.ToulaboeandDr.Schreyerarecurrentlydevelopingaplanformarketingthismajorsoincreasesinthenumberofmajorsinthisprogramshouldbegintoincrease.AnEconomicsClubwasstartedthisyearwhichisastarttogettingstudentsinterestedintheareaofeconomics.

Developafraud/forensicaccountingconcentration.

Thedepartmentwillneedfundingforfacultytrainingrelatedtothisspecialization.

IftheMBAdoesn’tpullresourcesfromourundergraduateprogram,newcoursesneedtobedeveloped.


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IV. SUPPORTINGMATERIALSA. AppendixA–DepartmentDegreeProgramAffinityDiagrams

B. AppendixB–DepartmentStaffingPlan

C. AppendixC–BibliographyofDepartmentalScholarlyActivity

D. AppendixD–DepartmentProgramAssessmentResults

E. AppendixE–OtherDepartmentalInformation


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AppendixA

DepartmentDegreeProgramAffinityDiagrams

for

AccountingMajorAccountingMajor(PublicAccountingConcentration)

FinanceMajorFinanceMajor(BankingConcentration)

FinanceMajor(EconomicsConcentration)FinanceMajor(FinancialPlanningConcentration)

InternationalBusinessandEconomicsMajor


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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inAccountingProgram

CharacteristicsofB.B.A.inAccounting

ExpectedLearningOutcomes

CurriculumAssessmentApproach

andMethodsResults

Curricularand/orPedagogicalChanges

CompetentinTheirDisciplineEffectiveCommunicatorsAnalyticalThinkers/ProblemSolversEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironmentKnowledgeableinInformationTechnologyAwareofLegal,Social,andEthicalEnvironments

DemonstratecompetencyinunderstandingandapplyingtheaccountingfunctionsAbilitytoresearch,organize,anddelivereffectiveoralandwrittenpresentationsinaprofessionalmannerAbilitytoevaluate,analyze,andinterpretdataandinformationtosolvebusinessproblemsAbilitytoparticipateeffectivelyinteamsDemonstrateunderstandingofplannedconvergenceofinternationalandU.S.financialreportingstandardsDemonstrateunderstandingofinformationtechnologyusedintheaccountingprofessionDemonstrateawarenessofethicsandthelegalandsocialenvironmentofbusiness

BusinessCorePrinciplesofAccountingIPrinciplesofAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgtBusinessPolicyAccountingMajorCostAccountingIntermediateAccountingIIntermediateAccountingIIIncomeTaxProceduresAccountingInfo.SystemsAuditingAccountingElectivesbyadvisementRequiredGeneralEducationCoursesElementsofStatisticsCalculusMethodsPrin.ofEconomics:MicroPrin.ofEconomics:Macro

Instructorevaluationofstudents’assignments,casestudies,simulations,presentations,researchpapers,examinationsandformalcourseworkInstructorevaluationusingstandardrubricswhereappropriatePerformanceevaluationofstudentsonpre‐andpost‐testsinACCT203and204PerformanceevaluationofstudentsonETSexamintheAccountingsubjectareaPerformanceevaluationofaccountingstudentsonCLAexaminwrittencommunicationandcriticalthinking

Formalstudentassessmentisconductedacrosscoursesrelatedtosubjectmattercontent.Assessmentresultsareanalyzedannually,andfacultyevaluateandmakecurriculumrecommendations.

Courseobjectivesforallcoursesarereviewedeachyear.AnEthicsforAccountantsclasswascreatedtoprovidestudentsin‐depthcoverageofethicalissuesintheaccountingfunctionalareas.AFraudExaminationclasswascreatedtoprovidestudentsin‐depthcoverageofissuesrelatingtofraudulentactivitiesinaccountingfunctionalareas.


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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inAccounting(PublicAccountingConcentration)Program


(PublicAccounting)



andMethodsResults


CompetentinTheirDisciplineEffectiveCommunicatorsAnalyticalThinkers/ProblemSolversEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironmentKnowledgeableinInformationTechnology

‐Demonstratecompetencyinunderstandingandapplyingtheaccountingfunctions‐DemonstrateawarenessofrequirementsfortheCPAexaminationasestablishedbytheAmericanInstituteofPublicAccountantsAbilitytoresearch,organize,anddelivereffectiveoralandwrittenpresentationsinaprofessionalmannerAbilitytoevaluate,analyze,andinterpretinformationanddatatosolvebusinessproblemsAbilitytoparticipateeffectivelyinteamsDemonstrateunderstandingofplannedconvergenceofinternationalandU.S.financialreportingstandardsDemonstrateunderstandingofinformationtechnologyusedintheaccountingprofession

BusinessCorePrinciplesofAccountingIPrinciplesofAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgtBusinessPolicyAccountingMajorCostAccountingIntermediateAccountingIIntermediateAccountingIIIncomeTaxProceduresAccountingInfo.SystemsAuditingGov’t&InstitutionalAcct.EthicsforAccountantsAdvancedAccountingAdvancedTaxProcedureAdv.Auditing/Acct.electiveCommercialLawBusinessOrganizationsandGovernmentRegulationsMoneyandBankingorManagerialEconomicsRequiredGeneralEducationCoursesElementsofStatistics

Instructorevaluationofstudents’assignments,casestudies,simulations,presentations,researchpapers,examinationsandformalcourseworkInstructorevaluationusingstandardrubricswhereappropriatePerformanceevaluationofstudentsonpre‐andpost‐testsinACCT203and204PerformanceevaluationofstudentsonETSexamintheAccountingsubjectareaPerformanceevaluationofaccountingstudentsonCLAexaminwrittencommunicationandcriticalthinkingEvaluationofthepercentageofgraduatespassingtheCPAexamination.

Formalstudentassessmentisconductedacrosscoursesrelatedtosubjectmattercontent.Assessmentresultsareanalyzedannuallyandfacultyevaluateandmakecurriculumrecommendations.

Courseobjectivesforallcoursesarereviewedeachyear.AnEthicsforAccountantsclasswascreatedtoprovidestudentsin‐depthcoverageofethicalissuesintheaccountingfunctionalareas.AFraudExaminationclasswascreatedtoprovidestudentsin‐depthcoverageofissuesrelatingtofraudulentactivitiesinaccountingfunctionalareas.CPAExamcontentspecificationoutlinesarereviewedperiodicallyforalignmentwithcoursetopicalcoverage.


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(PublicAccounting)



andMethodsResults


AwareofLegal,Social,andEthicalEnvironments

Demonstrateawarenessofethicsandthelegalandsocialenvironmentofbusiness

CalculusMethodsPrin.ofEconomics:MicroPrin.ofEconomics:Macro


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DepartmentofEconomics,Finance,andAccounting

AffinityDiagramforB.B.A.inFinance(NoConcentration)Program

CharacteristicsofB.B.A.inFinance


Curriculum

AssessmentApproachandMethods

Results


CompetentintheirDisciplineEffectiveCommunicatorsCritical/AnalyticalThinkersEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironmentEthicalDecisionMakers

‐DemonstrateanunderstandingofCorporateterminology‐DemonstrateanunderstandingofCorporateFundingSources‐Demonstrateanunderstandingofthetimevalueofmoney‐DemonstrateanunderstandingofCapitalBudgeting‐DemonstrateanunderstandingofRiskandReturn‐DemonstrateanunderstandingofWorkingCapitalManagement‐Abilitytoresearch,organize,anddeliveraneffectiveoralandwrittenpresentationinaprofessionalmannerusingcorrectfinance/Corporateterminology‐Abilitytoevaluate,analyze,andinterpretdataandinformationtosolvebusinessproblems‐Abilitytoparticipateeffectivelyinteams‐Knowledgeableintheinternationalaspectsoffinanceissues‐Awarenessofethicalissuesinbusiness

BusinessCoreAccountingIAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgt.BusinessPolicyFinanceMajorFundamentalsofInvestmentsQuantitativeMethodsIntermediateFinanceMoney,Banking,andtheMacro‐economyFinancialMarketsandInstitutionsCorporateFinanceElectivesbyadvisementRequiredGeneralEducationCoursesElementsofStatisticsCalculusMethodsPrin.OfEconomics:MicroPrin.OfEconomics:Macro

Instructorevaluationofassignments,simulations,researchpapers,examinationsandformalcoursework.InstructorevaluationusingstandardizedrubricsPerformanceevaluationofstudentsonpreandposttestsPerformanceevaluationofstudentsonETSexamintheFinancesubjectarea.PerformanceevaluationofFinancestudentsonCLAexaminwrittencommunicationandcriticalthinking.

Formalstudentassessmentconductedacrosscoursesrelatedtosubjectmattercontent.Specificcoursescontinuetobeevaluatedrelativetocomparablecoursesatotheruniversities.Evidencefromsyllabisupportthatcomparabilityisbeingachieved.Assessmentresultsareanalyzedannuallyandfacultyevaluateandmakecurriculumrecommendations.

FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.NewStandardizedSyllabuscontainsinformationabouthoweachcoursemeetstheProgramobjectives


17

DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(BankingConcentration)Program

CharacteristicsofB.B.A.inFinance(Banking)


Curriculum

AssessmentApproachandMethods

Results


CompetentintheirDisciplineEffectiveCommunicatorsCritical/AnalyticalThinkersEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironmentEthicalDecisionMakers

‐Demonstrateanunderstandingofbankingterminology‐Demonstrateanunderstandingofloans/mortgages‐Demonstrateanunderstandingofthetimevalueofmoney‐Demonstrateanunderstandingofbonds‐Demonstrateanunderstandingofstocks‐Demonstrateanunderstandingoffinancialmarkets&institutions‐Abilitytoresearch,organize,anddeliveraneffectiveoralandwrittenpresentationinaprofessionalmannerusingcorrectfinance/bankingterminology‐Abilitytoevaluate,analyze,andinterpretdataandinformationtosolvebusinessproblems‐Abilitytoparticipateeffectivelyinteams‐Knowledgeableintheinternationalaspectsoffinanceissues‐Awarenessofethicalissuesinbusiness

BusinessCoreAccountingIAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgt.BusinessPolicyFinanceMajorFundamentalsofInvestmentsQuantitativeMethodsIntermediateFinanceRealEstateFinanceBankPolicyandAnalysisMoney,Banking,andtheMacroeconomyFinancialMarketsandInstitutionsBankManagementFinancialStatementAnalysisBankingConcentrationElectivesbyadvisementRequiredGeneralEducationCoursesElementsofStatisticsCalculusMethodsPrin.OfEconomics:MicroPrin.OfEconomics:Macro

Instructorevaluationofassignments,simulations,researchpapers,examinationsandformalcoursework.InstructorevaluationusingstandardizedrubricsPerformanceevaluationofstudentsonpreandposttestsPerformanceevaluationofstudentsonETSexamintheFinancesubjectarea.PerformanceevaluationofFinancestudentsonCLAexaminwrittencommunicationandcriticalthinking.


FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.Anewcoursewascreated,ECFI643:BankPolicyandAnalysis,toprovidestudentswithamorein‐depthapplicationoftheircoursework.


18

DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(EconomicsConcentration)Program

CharacteristicsofB.B.A.inFinance(Economics)

ExpectedLearningOutcomes CurriculumAssessmentApproachand

MethodsResults


CompetentintheirDisciplineEffectiveCommunicatorsCritical/AnalyticalThinkersEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironment

‐Demonstrateanunderstandingofbasicmicroeconomicconceptsincludingthesupplyanddemandmodel,priceandoutputconsiderationsatthefirmlevelaswellaseconomicconceptsapplicabletoindividuals‐Beabletoutilizebothmicroandmacroeconomicconceptstoevaluatecurrentsocial,political,andbusinessissues‐Understandthebasicfunctioningoftheoveralleconomyincludingmeasuresofeconomicperformance,economicgrowth,inflation,unemploymentandinternationaltrade‐Beabletodevelopaneconomicresearchprojectusingbothconceptualandquantitativemethods‐DemonstrateanunderstandingofhowtheU.S.monetarysystemfunctions‐Beabletoresearch,develop,andpresentaneconomicresearchtopic‐Abilitytoevaluate,analyze,andinterpreteconomicdataandinformationrelatedtosocialandbusinessproblems‐Abilitytoparticipateeffectivelyinteams‐Demonstrateanunderstandingofinternationaleconomicsandinternationalfinanceconcepts

BusinessCorePrinciplesofAccountingIPrinciplesofAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgt.BusinessPolicyFinanceMajorFundamentalsofInvestmentsQuantitativeMethodsIntermediateFinanceOptionsandFuturesMarketsMoney,Banking,andtheMacroeconomyFinancialMarketsandInstitutionsInternationalEconomicsManagerialEconomicsECFIElectivesbyadvisementRequiredGeneralEducationCoursesElementsofStatisticsCalculusMethodsPrin.ofEconomics:MicroPrin.ofEconomics:MacroEconomicIdeasandCurrentIssues

Instructorevaluationofassignments,simulations,researchpapers,examinationsandformalcoursework.InstructorevaluationusingstandardizedrubricsPerformanceevaluationofstudentsonpreandposttestsPerformanceevaluationofstudentsonETSexamintheFinanceandEconomicssubjectareas.PerformanceevaluationoffinancestudentsonCLAexaminwrittencommunicationandcriticalthinking.

Formalstudentassessmentconductedacrosscoursesrelatedtosubjectmattercontent.Specificcoursescontinuetobeevaluatedrelativetocomparablecoursesatotheruniversities.Evidencefromsyllabisupportthatcomparabilityisbeingachieved.

FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.


19

DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(FinancialPlanningConcentration)Program

CharacteristicsofB.B.A.inFinance

(FinancialPlanning)

ExpectedLearningOutcomes Curriculum

AssessmentApproachand

Methods

Results


CompetentintheirDisciplineEffectiveCommunicatorsCritical/AnalyticalThinkersEffectiveinaTeamworkEnvironmentAwareoftheGlobalEnvironment

‐DemonstrateattheappropriatecognitivedomainofBloom’staxonomythe89financialplanningtopicsasspecifiedbytheCFPBoardofStandards‐Demonstrateanunderstandingofthetimevalueofmoney‐Demonstrateanunderstandingoffinancialmarkets&institutions‐Demonstrateanunderstandingoffinancialmanagement‐Demonstrateanunderstandingofinvestmentmanagement‐Abilitytoresearch,organize,anddeliveraneffectiveoralandwrittenpresentationinaprofessionalmannerusingcorrectfinancialplanningterminology‐Abilitytoevaluate,analyze,andinterpretdataandinformationtosolvebusinessproblems‐Abilitytoparticipateeffectivelyinteamstopreparecomprehensivefinancialplansandfocusedplansincluding:investmentplans,estatemanagementplans,retirementplans,insuranceplans,andpersonalincometaxplansthatareappropriatefortheneeds,riskchoicesandresourcesofclients‐Knowledgeableintheinternationalaspectsoffinanceandfinancialplanning

BusinessCoreAccountingIAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsManagementBusinessPolicyFinanceMajorFundamentalsofInvestmentsQuantitativeMethodsIntermediateFinancePersonalFinancialPlanningOptionsandFuturesMarketsInvestmentTheoriesandStrategiesRiskManagementFinancialMarketsandInstitutionsEstatePlanningRetirementandEmployeeBenefitPlanningIncomeTaxProcedureFinancialPlanningElectivesbyadvisementRequiredGeneralEducationCoursesElementsofStatisticsCalculusMethods

Instructorevaluationofassignments,simulations,researchpapers,examinationsandformalcoursework.InstructorevaluationusingstandardizedrubricsPerformanceevaluationofstudentsonETSexamintheFinancesubjectarea.PerformanceevaluationofFinancestudentsonCLAexaminwrittencommunicationandcriticalthinking.Annualsurveyofallgraduatingseniors.Surveyresultsusedtorefinecurriculumandindividualcourses.Successfulcompletionofintegrativecapstonecourse:ECFI450,PersonalFinancialPlanning.


FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.ComparisonoffinancialplanningcurriculumandcoursecontenttotheCFPBoardofStandardsmodelcurriculum.


20

EthicalDecisionMakers

issues‐Awarenessofethicalissuesinbusinessandfinancialplanning

Prin.OfEconomics:MicroPrin.OfEconomics:Macro


21

DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inInternationalBusinessandEconomicsProgram

CharacteristicsofB.B.A.in

InternationalBusinessandEconomics


MethodsResults


CompetentintheirDiscipline

Critical/AnalyticalThinkersEffectiveCommunicators

‐DemonstrateanunderstandingoftheinternationalfinancialmarketsandhowtheyfacilitateInt’ltransactions‐Demonstrateanunderstandingofhowexchangeratesaredetermined,howtomanageexchangeraterisk,andhowcurrencyderivativesareusedforhedgingorspeculation.‐Demonstrateanunderstandingofthecriticalrelationshipspertainingtoexchangerates.‐Demonstrateanunderstandingofinternationaltraderelations:Sourcesofcomparativeadvantages,tariffsandnontarifftradebarriers,andtraderegulations‐Demonstrateanunderstandingofinternationalmarketing‐Developastronginter‐disciplinarycomplementaryskillsetdrawingfromnon‐businessdisciplines.‐Abilitytoevaluate,analyzeandinterpretdataandinformationtosolveInt’lbusinessandeconomicsproblems.‐Abilitytoresearch,organize,anddeliveraneffectiveoralandwrittenpresentationinaprofessionalmannerusingcorrectInt’l

BusinessCore–27HoursAccountingIAccountingIIBusinessLawIBusinessCommunicationManagementPrinciplesMarketingPrinciplesManagerialFinanceProduction/OperationsMgt.BusinessPolicyMajorCore–39HoursInternationalEconomicsInternationalFinanceInternationalBusinessInternationalMarketingMajorElectives‐27hoursfromthefollowing,withaminimumof12hourswithECFIdesignation:QuantitativeMethodsIntermediateFinanceInternship(3–6hours)OptionsandFuturesMarketsRiskManagementMoney,Banking,andtheMacroeconomy

Instructorevaluationofstudents’assignments,casestudies,simulations,researchpapers,examinationsandformalcoursework.InstructorevaluationusingstandardizedrubricsPerformanceevaluationofstudentsonpreandposttestsPerformanceevaluationofstudentsonETSexamintheInt’lBusinessandEcon.subjectarea.PerformanceevaluationofInt’lBusinessandEcon.studentsonCLAexaminwrittencommunicationandcriticalthinking.

Formalstudentassessmentconductedacrosscoursesrelatedtosubjectmattercontent.Comparisonofspecificcoursestothoseofpeerinstitutions.Evidencefromsyllabisupportthatcomparabilityisbeingachieved.Assessmentresultsareanalyzedannuallyandfacultyevaluateandmakecurriculumrecommendations.

InternationalBusinessandEconomicsmajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.


22

CharacteristicsofB.B.A.in

InternationalBusinessandEconomics


MethodsResults


EffectiveinaTeamworkEnvironment

AwarenessoftheLegal,Social,andEthicalEnvironments

businessandeconomicsterminology‐Abilitytocontribute,exchangeideas,andcollaborateeffectivelytomeettheneedsofteams‐Demonstrateanunderstandingofthepolitical,socio‐cultural,andcommunicationsissuesfacingmultinationalcorporations

FinancialMarkets&InstitutionsBankManagementManagerialEconomicsLaborEconomicsGlobalBusinessCommunicationIntrotoGeographicInformationSystemsCulturalGeographyLeadershipandTeamDynamicsProject/ProgramManagementIntro.toInternationalRelationsComparativeCulturesandSocietiesRequiredGeneralEducationCoursesPrin.ofEconomics:MicroPrin.ofEconomics:MacroWorldGeographyElementsofStatisticsCalculusMethodsEconomicIdeas&CurrentIssues


23

AppendixB

DepartmentStaffingPlan

FY2012

(1) (2) (3) (4) (5) (6) (7) (8) (9) Current Department Needs

Faculty Member

Current Faculty Expertise Birthdate Assigned Instructional

FTE's

Rank Current Date

Degree Completed

Track Current Salary In Line

Economics Principles Economic Issues Statistics Business Research

K. Arano Economics Economic Issues Statistics/Research

1977 1.0 Associate 2010 Professor

Ph.D. Tenured $73,984

Managerial Finance Financial Institutions Bank Management Bank Policy

E. Breit Finance Banking Economics

1973 1.0 Assistant 2010 Professor


Financial Accounting Managerial Accounting CPA Review

C. Engel Financial Accounting Managerial Accounting Accounting Info. Systems CPA Review

1983 1.0 Instructor 2009 MBA, CPA Temporary $51,999

Income Tax Advanced Tax Governmental Acct. Ethics for Accountants

C. Gnizak Income Tax Advanced Tax Governmental Acct. Ethics

1955 1.0 Professor 2011 Ph.D. Tenured $91,736

Financial Accounting Financial Statement Analysis Intermediate Acct.

G. Growe Financial Accounting Financial Statement Analysis Intermediate Accounting


Ph.D. Temporary $85,000

Financial Accounting Intermediate Acct. Forensics Accounting Auditing

J. Heronemus Financial Accounting Intermediate Accounting Forensics Accounting Auditing

1971 1.0 Instructor 2007 MBA Temporary $54,026

Managerial Finance Financial Planning Options and Futures Investments

T. Johansen Finance Financial Planning Options/Futures Investments


Acct. Info. Systems Managerial Accounting Adv. Managerial Acct.

W. Jordan Acct. Info. Systems Managerial Accounting Adv. Managerial Acct.



Economics Principles

C. Parker Economics Labor Issues

1942 0.25 (0.50 Admin

and 0.25 Director of Empl. Rel.)

Professor 1980 and Chair 2000


Financial Accounting Managerial Accounting Cost Accounting

J. Rumpel Financial Accounting Managerial Accounting Cost Accounting


MBA, CPA Tenured $66,335

Economics Principles Economics Issues Money and Banking

S. Schreyer Economics Principles Economics Issues Money and Banking


Ph.D. Tenure-Track

$69,000

Managerial Finance Corporate Finance Risk Management Retirement Planning Real Estate Finance

R. Terry Finance Personal Finance Insurance Retirement Planning Real Estate Finance


Economics Principles International Econ. Managerial Economics Economic Issues

D. Toulaboe Economics International Economics Managerial Economics Economic Issues


June 30, 2008


24

AppendixC

BibliographyofDepartmentalScholarlyActivity

RefereedPublicationsforFY2012:KathleenArano–“TransportationCorridorsandCointegrationofResidentialNaturalGasPrices,”InternationalJournalofEnergySectorManagement,2012.(Co‐authoredwithMarietaVelikova)KathleenAranoandCarlParker–“FacultyRetirementinaPeriodofEconomicExpansionvs.EconomicContraction,”JournalofAppliedBusinessandEconomics,Vol.13,No.1,Spring2012.WinJordan–“On‐Campusvs.OnlineCourseDelivery:AnEmpiricalLookatBothApproachesinaControlledSettingforIntroductoryManagerialAccounting,”JournalofBusinessandLeadership,Fall2011.(Co‐authoredwithAmandaBrown)SamuelM.Schreyer–“SuddenStopsandCurrencyCrises,”JournalofFinancialEconomicPolicy,Vol.3,No.4,2011.(Co‐authoredwithLevanEfremidzeandOzanSula)ColeJ.EngelandJoanH.Rumpel–“YoungConsumersintheNewMarketingEcosystem:AnAnalysisofTheirUsageofInteractiveTechnologies,”AcademyofMarketingStudiesJournal,Vol.15,No.2,November2011.(Co‐authoredwithReginaldL.Bell,RobertJ.Meier,andMichaelJ.Martin)RoryTerryandDosseToulaboe–“ExciseTaxesandtheStabilityofPriceElasticity,”JournalofAppliedBusinessandEconomics,Vol.12,No.5,Fall2011.(Co‐authoredwithRalphGamble)CharlesGnizakandJoanRumpel–“IFRSandTexasIndustryClusters:LikelyIntersections,”MidwesternBusinessandEconomicReview,No.46,Fall2010.(Co‐authoredwithMarkCollado;publishedinAugust2011–thelistedpublicationdateofFall2010wasnotknownuntilthe2011‐2012academicyearsothisarticlewasnotcountedwithlastyear’spublications).OtherPublications:TomJohansen,KathleenArano,andSamuelSchreyer–TheEconomicImpactofFortHaysStateUniversityontheLocalEconomy:FiscalYear2011,publishedbytheOfficeofthePresident,FortHaysStateUniversity,Spring2012.

TomJohansenandKathleenArano–TheEconomicImpactofFortHaysStateUniversityontheStateofKansas:FiscalYear2010,publishedbytheDockingInstituteofPublicAffairs,FortHaysStateUniversity,August2011.


25

Presentations:WinJordan–“TheUp‐HillBattletoProtectPrivacy–AnAnalysisofHumanFleshSearchandLessonsfromChina,”AcademyofBusinessResearchInternationalConference,LasVegas,NV,November14,2011.EmilyBreit–“ImplicationsofSubchapterSTaxStatusforCommercialBanks,”FinancialManagementAssociationInternationalConference,Denver,CO,October22,2011.KathleenArano–“TheGreatRecessionandFacultyRetirementPlans,”MissouriValleyEconomicAssociationAnnualMeeting,KansasCity,MO,October21,2011.EmilyBreit–“DoTaxBenefitsProvidedtoCommunityBanksIncreaseAgriculturalLending:AnEmpiricalInvestigation,”BusinessandLeadershipSymposium,Hays,KS,October11,2011.TomJohansenandKathleenArano–“TheEconomicImpactofanInstitutionofHigherEducation:Long‐RunApproach,”BusinessandLeadershipSymposium,Hays,KS,October11,2011.TomJohansenandRoryTerry–“Monte‐CarloSimulationUsingExcelSpreadsheets,”BusinessandLeadershipSymposium,Hays,KS,October11,2011.SamuelSchreyerandRoryTerry–“ExercisingtheKnowledgeOption:LeavingtheFed,”BusinessandLeadershipSymposium,Hays,KS,October11,2011.EmilyBreit–“AssuranceofLearningandContinuousQualityImprovement,”RoundtableDiscussionattheBusinessandLeadershipSymposium,Hays,KS,October10,2011.WinJordan–“OnlinevsTraditionalCourseDelivery:AnEmpiricalLookatBothApproachesinaControlledSettingforIntroductoryManagerialAccounting,”BusinessandLeadershipSymposium,Hays,KS,October10,2011.RoryTerryandDosseToulaboe–“OutperformingaBuy‐and‐HoldModelinanEfficientMarketbyMaximizingtheProbabilityofAchievingtheGreatestReturn,”BusinessandLeadershipSymposium,Hays,KS,October10,2011.


26

AppendixD

DepartmentProgramAssessmentResults


27

ResultsoftheSurveyofGraduatingSeniors(FY2012,2011and2010)

FY 2012 FY 2011 FY 2010 Average Average Average In my major: (5 strongly agree to 1 strongly disagree) Max of 5 Max of 5 Max of 5 I received high-quality advising. 4.04 3.55 4.05 I received support in finding appropriate employment or pursuing graduate study. 3.52 3.50 3.20 faculty are accessible for out-of-class assistance. 4.11 3.95 4.20 faculty are effective teachers. 3.78 4.10 4.05 faculty are interested in the personal development of students. 3.93 4.05 3.45 faculty are interested in the academic and professional development of students. 4.07 4.10 4.10 faculty introduced students to a broad range of ideas, perspectives, and worldviews. 3.67 3.95 3.90 faculty listen and respond to student needs, concerns, and suggestions. 3.56 4.15 3.75 I found my major to be: Max of 5 Max of 5 Max of 5 characterized by mutual respect between students and professors. 4.07 4.40 4.00 academically stimulating. 4.30 4.25 4.15

Overall Average (Satisfaction with

Major) 3.90 4.00 3.89 As a result of your experience at FHSU, how much progress do you feel you have made in each of the following areas? (4 very much to 1 none) Max of 4 Max of 4 Max of 4 Improving written communication 2.96 3.20 3.30 Improving oral communication 3.04 3.35 3.15 Understanding the ethical standards of your discipline or profession 3.52 3.20 3.45 Understanding other people and their abilities, interests, and perspectives 3.30 3.20 3.35 Ability to participate as a team member 3.33 3.55 3.40 Ability to interact positively with people who are different from you 3.33 3.55 3.25 Ability to think critically (analytically and logically) 3.37 3.60 3.55 Quantitative thinking 3.37 3.60 3.55 Ability to put ideas together, to see relationships, similarities, and differences between ideas 3.44 3.50 3.50 Ability to learn on your own, pursue ideas, and find information you need 3.37 3.55 3.65 Ability to locate and evaluate information sources 3.26 3.35 3.40 Average 3.30 3.42 3.41


28

ResultsoftheSurveyofGraduatingSeniors(FY2005–FY2009)

FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 Average Average Average Average Average SATISFACTION WITH MAJOR (5 strongly agree to 1 strongly disagree) I am satisfied . . . Max of 5 Max of 5 Max of 5 Max of 5 Max of 5 1. with the teaching ability of faculty in the department. 4.42 3.90 3.50 3.58 3.28 2. with the professional expertise of departmental faculty. 4.50 4.07 3.63 4.17 3.67 3. with opportunities for interaction with departmental faculty. 4.42 4.03 3.75 4.08 3.83 4. with faculty advising in the department. 4.25 4.17 3.69 4.08 3.67 5. with the availability of required courses in my major. 3.83 4.00 3.63 3.75 4.00 6. with feedback from instructors about my academic progress. 3.92 3.93 3.13 3.67 3.28 Overall Average 4.22 4.02 3.55 3.89 3.62 FACULTY CONTRIBUTION (4 excellent to 1 poor)

Please evaluate how well faculty members in the ECFI Department do each of the following: Max of 4 Max of 4 Max of 4 Max of 4 Max of 4 1. Set high expectations for you to learn. 3.25 3.00 3.06 2.92 2.78 2. Encourage you to be an actively involved learner. 3.08 2.93 2.69 2.83 2.83 3. Encourage student-faculty interaction, in and out of the classroom. 2.75 2.76 2.69 2.83 2.83 4. Give you frequent and prompt feedback. 2.67 2.83 2.31 2.58 2.39 5. Encourage you to devote sufficient time and energy to your coursework. 3.17 2.93 2.94 3.00 2.78 6. Care about your academic success and welfare. 3.17 3.03 2.81 3.17 2.67 Overall Average 3.01 2.91 2.75 2.89 2.71 QUALITY OF INSTRUCTION (4 excellent to 1 poor) All things considered, how would you evaluate the quality of instruction: Max of 4 Max of 4 Max of 4 Max of 4 Max of 4 1. in the University General Education Program for courses taken at FHSU. 3.09 2.96 2.63 2.67 2.89 2. in the College of Business and Leadership Business Core courses taken at FHSU. 3.27 3.10 2.81 3.17 3.06 3. in the Economics and Finance Major courses taken at FHSU. 3.50 3.21 2.81 3.17 2.94


29

AppendixE

OtherDepartmentalInformation

Awards:ColeEngelwontheFHSUNavigatorAwardfor2012.SamuelSchreyerwasawardeda2012CollegeofBusinessandLeadershipFundforExcellenceSummerResearchAward.ConferencesAttended:CharlieGnizak,GlennGrowe,andDosseToulaboe–ConnectwithKoch,HostedbyKochIndustries,Wichita,KS,June18,2012.CharlieGnizak–KansasSocietyofCPAs2012SpringLeadershipSummit,Lawrence,KS,May22‐23,2012.ColeEngel,CharlieGnizak,GlennGrowe,JessicaHeronemus,andJoanRumpel–WichitaStateUniversityAccountingandAuditingConference,Wichita,KS,May15‐16,2012.DosseToulaboe–WorldTradeCouncilProgramentitled“GlobalBusinessesBuiltonNetApp–GoFurther,Faster,”Wichita,KS,March29,2012.CharlieGnizak–KansasSocietyofCPAs61stAnnualKansasTaxConferenceandLeadershipCabinetMeetingoftheKansasSocietyofCPAs,OverlandPark,KS,November16‐18,2011.DosseToulaboe–WorldTradeCouncilSpeakersProgramentitled“DoingBusinesswithSouthAfrica,”Wichita,KS,November17,2011.KathleenArano–UniversityPressofKansasEditorialBoardMeeting,Lawrence,KS,November4,2011.KathleenArano–MissouriValleyEconomicAssociationAnnualMeeting,KansasCity,MO,October22,2011.(Servedasadirectoroftheassociation.)TomJohansen–FinancialPlanningAssociationExperience2011Conference,SanDiego,CA,September14‐18,2011.


30

TomJohansen–FinancialPlanningAssociationCertifiedFinancialPlannerBoardRegisteredProgramConference,Washington,DC,August11‐12,2011.ColeEngel–AmericanAccountingAssociationAnnualMeeting,Denver,CO,August6‐10,2011.CharlieGnizak–KansasSocietyofCPAs2011StrategicPlanningBoardRetreat,OklahomaCity,OK,July21‐22,2011.UniversityCommitteesServedbyDepartmentFaculty:

• AcademicAdvisingCommittee• AcademicAssessmentandReviewCommittee• GeneralEducationCommittee• GraduateCouncil• HumanSubjectsResearchInstitutionalReviewBoard• InstructionalTechnologyPolicyAdvisoryCommittee• PhasedRetirementCommittee• ResidenceClassificationAppealsCommittee• SabbaticalReviewCommittee• ScholarshipEnvironmentCommittee• ScholarshipsCommittee• ServiceLearningCommittee• SpecialEventsCommittee• TorchAwardSelectionCommittee• UndergraduateResearchExperienceCommittee• UniversityPressofKansasEditorialCommittee

StudentAccomplishments:LayneKrizek,aMay2012graduatewithadegreeinfinancewithaconcentrationinfinancialplanning,wontheFHSUTorchAwardfor2012.TrishaGoetz,aSummer2012graduatewithadegreeinaccounting,receivedthe2011‐2012StudentDistinguishedAchievementAwardfromtheCollegeofBusinessandLeadershipatitsannualAwardsCeremonyonMay3.(CollegeofBusinessandLeadershipmajorsthatwerenominatedfortheFHSUTorchAwardwereconsideredforthiscollegeaward.)SethAlbin,FHSUaccountinggraduate,receivedtheElijahWattSellsAwardfromtheAICPAthisspringforhavingoneofthetop‐tenscoresinthenationontheCPAexamin2010.


31

Ateamoffinancialplanningmajors(NolanKempke,LayneKrizek,andCameronWerth)competedintheFinancialPlanningChallengenationalcompetitioninSanDiegoinSeptemberandplacedfirstinthenation.

AccountingmajorsparticipatedintheVolunteerIncomeTaxAssistance(VITA)ProgramintheSpringof2012andhelpedprepare150taxreturnsforstudentsandmembersofthecommunity.

Twoundergraduateaccountingmajors(TeeganCallicrateandMichaelKerschen),underthesupervisionofColeEngel,helpedconductanannualreviewoftheKansasCavalrybooksandpreparedannualfinancialstatementsfortheKansasDepartmentofCommerce.

TigerFinancialAdvisors(financemajorsinthefinanceclub)providedfreefinancialadviceforstudents.

TheStudentChapteroftheAssociationofCertifiedFraudExaminers(ACFE)organizedaconferenceentitled“Non‐ConfrontationalInterviewingTechniques”withapproximately100participants.

TheEconomicsClubwasinitiatedasanewstudentorganizationopentoallFHSUstudents.

OtherHighlights:ABack‐to‐SchoolSocialwasheldonSeptember1,2011foralldepartmentmajors.

ThedepartmentparticipatedintheMajorsFaironMarch13,2012.


32

GeneralParameters1. Nomorethan20pages,excludingappendixinformation.2. ReportsubmittedelectronicallytoDean,AssistantProvostforQualityManagement,andProvost.3. Notedeadlinesattachedbelow.AnnualTimelineforDepartmentAnnualReportMarch1 DrafttemplatedistributedtoDeans.

April15 FinaltemplateandDirectionsdistributedtoDepartmentChairs.Selectedenrollmentdata(fall20thdaycounts)distributedtoChairsandDeansinthedepartmentaltemplate.

June1 Studentsysteminformation(graduates,SCH)deliveredtoChairs.

June1 FinalcutoffdateforelementstobeconsideredintheDepartment’sAnnualReport.

June30 CompleteDepartmentAnnualReportduetoDeans,AssistantProvostforQualityManagement,andProvost.Submitelectronically.

August15 CompletedCollegeAnnualReportduetoAssistantProvostforQualityManagementandProvost.

fy2012 departmental annual report of ... annual report fy2012 1 fy2012 departmental annual report of...

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