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DEPARTMENTANNUALREPORT FY2012
1
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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
4
• 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
InternationalBusinessandEcon(BBA,403‐0505) 0 0 1 0 1
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%
DEPARTMENTANNUALREPORT FY2012
5
KeyPerformanceIndicator FY2008 FY2009 FY2010 FY2011 FY2012
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
InternationalBusinessandEcon(BBA,403‐0505) 0 0 0 0 0
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
DEPARTMENTANNUALREPORT FY2012
6
KeyPerformanceIndicator FY2008 FY2009 FY2010 FY2011 FY2012
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
DEPARTMENTANNUALREPORT FY2012
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KeyPerformanceIndicator FY2008 FY2009 FY2010 FY2011 FY2012
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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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IV. SUPPORTINGMATERIALSA. AppendixA–DepartmentDegreeProgramAffinityDiagrams
B. AppendixB–DepartmentStaffingPlan
C. AppendixC–BibliographyofDepartmentalScholarlyActivity
D. AppendixD–DepartmentProgramAssessmentResults
E. AppendixE–OtherDepartmentalInformation
DEPARTMENTANNUALREPORT FY2012
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AppendixA
DepartmentDegreeProgramAffinityDiagrams
for
AccountingMajorAccountingMajor(PublicAccountingConcentration)
FinanceMajorFinanceMajor(BankingConcentration)
FinanceMajor(EconomicsConcentration)FinanceMajor(FinancialPlanningConcentration)
InternationalBusinessandEconomicsMajor
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inAccounting(PublicAccountingConcentration)Program
CharacteristicsofB.B.A.inAccounting
(PublicAccounting)
ExpectedLearningOutcomes
CurriculumAssessmentApproach
andMethodsResults
Curricularand/orPedagogicalChanges
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.
DEPARTMENTANNUALREPORT FY2012
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CharacteristicsofB.B.A.inAccounting
(PublicAccounting)
ExpectedLearningOutcomes
CurriculumAssessmentApproach
andMethodsResults
Curricularand/orPedagogicalChanges
AwareofLegal,Social,andEthicalEnvironments
Demonstrateawarenessofethicsandthelegalandsocialenvironmentofbusiness
CalculusMethodsPrin.ofEconomics:MicroPrin.ofEconomics:Macro
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccounting
AffinityDiagramforB.B.A.inFinance(NoConcentration)Program
CharacteristicsofB.B.A.inFinance
ExpectedLearningOutcomes
Curriculum
AssessmentApproachandMethods
Results
Curricularand/orPedagogicalChanges
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
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(BankingConcentration)Program
CharacteristicsofB.B.A.inFinance(Banking)
ExpectedLearningOutcomes
Curriculum
AssessmentApproachandMethods
Results
Curricularand/orPedagogicalChanges
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.
Formalstudentassessmentconductedacrosscoursesrelatedtosubjectmattercontent.Specificcoursescontinuetobeevaluatedrelativetocomparablecoursesatotheruniversities.Evidencefromsyllabisupportthatcomparabilityisbeingachieved.Assessmentresultsareanalyzedannuallyandfacultyevaluateandmakecurriculumrecommendations.
FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.Anewcoursewascreated,ECFI643:BankPolicyandAnalysis,toprovidestudentswithamorein‐depthapplicationoftheircoursework.
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(EconomicsConcentration)Program
CharacteristicsofB.B.A.inFinance(Economics)
ExpectedLearningOutcomes CurriculumAssessmentApproachand
MethodsResults
Curricularand/orPedagogicalChanges
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.
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inFinance(FinancialPlanningConcentration)Program
CharacteristicsofB.B.A.inFinance
(FinancialPlanning)
ExpectedLearningOutcomes Curriculum
AssessmentApproachand
Methods
Results
Curricularand/orPedagogicalChanges
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.
Formalstudentassessmentconductedacrosscoursesrelatedtosubjectmattercontent.Specificcoursescontinuetobeevaluatedrelativetocomparablecoursesatotheruniversities.Evidencefromsyllabisupportthatcomparabilityisbeingachieved.Assessmentresultsareanalyzedannuallyandfacultyevaluateandmakecurriculumrecommendations.
FinancemajorsmusthaveaminimumGPAof2.5forallcoursesinthesignedmajor,withnogradelowerthana“C”forthesemajorcourses.Courseobjectivesforallcoursesarereviewedeachyear.ComparisonoffinancialplanningcurriculumandcoursecontenttotheCFPBoardofStandardsmodelcurriculum.
DEPARTMENTANNUALREPORT FY2012
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EthicalDecisionMakers
issues‐Awarenessofethicalissuesinbusinessandfinancialplanning
Prin.OfEconomics:MicroPrin.OfEconomics:Macro
DEPARTMENTANNUALREPORT FY2012
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DepartmentofEconomics,Finance,andAccountingAffinityDiagramforB.B.A.inInternationalBusinessandEconomicsProgram
CharacteristicsofB.B.A.in
InternationalBusinessandEconomics
ExpectedLearningOutcomes CurriculumAssessmentApproachand
MethodsResults
Curricularand/orPedagogicalChanges
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.
DEPARTMENTANNUALREPORT FY2012
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CharacteristicsofB.B.A.in
InternationalBusinessandEconomics
ExpectedLearningOutcomes CurriculumAssessmentApproachand
MethodsResults
Curricularand/orPedagogicalChanges
EffectiveinaTeamworkEnvironment
AwarenessoftheLegal,Social,andEthicalEnvironments
businessandeconomicsterminology‐Abilitytocontribute,exchangeideas,andcollaborateeffectivelytomeettheneedsofteams‐Demonstrateanunderstandingofthepolitical,socio‐cultural,andcommunicationsissuesfacingmultinationalcorporations
FinancialMarkets&InstitutionsBankManagementManagerialEconomicsLaborEconomicsGlobalBusinessCommunicationIntrotoGeographicInformationSystemsCulturalGeographyLeadershipandTeamDynamicsProject/ProgramManagementIntro.toInternationalRelationsComparativeCulturesandSocietiesRequiredGeneralEducationCoursesPrin.ofEconomics:MicroPrin.ofEconomics:MacroWorldGeographyElementsofStatisticsCalculusMethodsEconomicIdeas&CurrentIssues
DEPARTMENTANNUALREPORT FY2012
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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
Ph.D. Tenured $82,855
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
1950 1.0 Assistant 2012 Professor
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
1958 1.0 Professor 2009 Ph.D. Tenured $99,412
Acct. Info. Systems Managerial Accounting Adv. Managerial Acct.
W. Jordan Acct. Info. Systems Managerial Accounting Adv. Managerial Acct.
1951 1.0 Assistant 1998 Professor
Ph.D. Tenured $83,072
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
Ph.D. Tenured $120,415
Financial Accounting Managerial Accounting Cost Accounting
J. Rumpel Financial Accounting Managerial Accounting Cost Accounting
1939 1.0 Assistant 1981 Professor
MBA, CPA Tenured $66,335
Economics Principles Economics Issues Money and Banking
S. Schreyer Economics Principles Economics Issues Money and Banking
1978 1.0 Assistant 2010 Professor
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
1950 1.0 Professor 2010 Ph.D. Tenured $94,700
Economics Principles International Econ. Managerial Economics Economic Issues
D. Toulaboe Economics International Economics Managerial Economics Economic Issues
1961 1.0 Professor 2010 Ph.D. Tenured $78,209
June 30, 2008
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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AppendixD
DepartmentProgramAssessmentResults
DEPARTMENTANNUALREPORT FY2012
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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
DEPARTMENTANNUALREPORT FY2012
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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
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.
DEPARTMENTANNUALREPORT FY2012
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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.