Business and accounting schools can obtain AACSB accrediation if they meet the association's standards.
The Association to Advance Collegiate Schools of Business (AACSB) grants accreditation to business and accounting courses of study. Accreditation ensures that the institution's programs, faculty and operations meet the standards of a top quality education. Hiring a potential employee with a degree from an AACSB-accredited business school assures employers that the hire will have the knowledge and training expected to succeed in the workplace.
Business
Business schools whose studies concentrate on financing, managing and operating a business may apply for AACSB accreditation. The AACSB grants accreditation to business schools that teach accounting, business law, finance (including insurance, banking and real estate), decision sciences, human resources, management, management science, marketing, management information systems, operations management, organizational behavior, supply chain management (including logistics and transportation), strategic management, organizational development and technology management. Accreditation standards take into account business programs where 25 percent or more of an undergraduate program, or 50 percent or more of a graduate program concentrates on business studies.
Accounting
The AACSB offers accreditation for accounting programs, including undergraduate, master's and doctoral accounting degrees, or masters of business with an accounting concentration. Course studies must include the development, analysis, validation, measurement, and communication of financial and other information and can include programs where 15 percent or more of an undergraduate program concentrates on accounting or 50 percent or more of a graduate program centers on accounting. Online accounting schools may also apply for accreditation through the AACSB.
Accreditation
If an institution that teaches business studies or accounting wishes to apply for AACSB accreditation, it must become a member of the AACSB and submit an eligibility application (a separate application for business and/or accounting accreditation). The institution must pay a $1,000 application fee. After the AACSB staff reviews the eligibility application, they will make a recommendation to the Pre Accreditation Committee (PAC). When the PAC approves the application, the institution will begin to work with the AACSB to streamline its program to meet AACSB standards. When the institution has met all AACSB requirements, the AACSB Board of Directors receives the final request for ratification.
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