UNIVERSITY FACULTY SENATE FORMS

UNIVERSITY FACULTY SENATE FORMS

Academic Program Approval

This form is a routing document for the approval of new and revised academic programs. Proposing department should complete this form. For more information, call the Faculty Senate Office at 831-2921.

Submitted by: _____Dr. Gregory Kane_____________ phone number 302-831-6826

Department: Accounting & MIS_______________ email address kaneg@udel.edu_

Action: Revision of 4+1 Program_____________________________________

(Example: add major/minor/concentration, delete major/minor/concentration, revise major/minor/concentration, academic unit name change, request for permanent status, policy change, etc.)

Effective term _____13F_______________________________________________ __

(use format 04F, 05W)

Current degree ______No Change________________________________________

(Example: BA, BACH, BACJ, HBA, EDD, MA, MBA, etc.)

Proposed change leads to the degree of: ______No Change________________________

(Example: BA, BACH, BACJ, HBA, EDD, MA, MBA, etc.)

Proposed name: ____MS Accounting Program__________________________________

Proposed new name for revised or new major / minor / concentration / academic unit

(if applicable)

Revising or Deleting:

Undergraduate major /Concentration: _________Accounting_________________

(Example: Applied Music – Instrumental degree BMAS)

Undergraduate minor:____________________________________________________

(Example: African Studies, Business Administration, English, Leadership, etc.)

Graduate Program Policy statement change: _____See Attached___________

(Must attach your Graduate Program Policy Statement)

Graduate Program of Study: ____MS Accounting_____________________________

(Example: Animal Science: MS Animal Science: PHD Economics: MA Economics: PHD)

Graduate minor / concentration: ___________________________________________

Note: all graduate studies proposals must include an electronic copy of the Graduate Program Policy Document, highlighting the changes made to the original policy document.

Included in file

-List new courses required for the new or revised curriculum. How do they support the overall program objectives of the major/minor/concentrations)?

(Be aware that approval of the curriculum is dependent upon these courses successfully passing through the Course Challenge list. If there are no new courses enter “None”)

None

Explain, when appropriate, how this new/revised curriculum supports the 10 goals of undergraduate education: http://www.ugs.udel.edu/gened/

Identify other units affected by the proposed changes:

(Attach permission from the affected units. If no other unit is affected, enter “None”)

None

Describe the rationale for the proposed program change(s):

(Explain your reasons for creating, revising, or deleting the curriculum or program.)

The current program 4+1 has no synergy with respect to total credit hours required, which limits the program’s appeal. The proposed 4+1 program curriculum would reduce total credit hours required for the two degrees to 144, from the current 150. Six graduate credit hours are now allowed under 4+1 to fulfill (class f) elective requirements, but they are not accounted for with respect to total credit hours. The two degrees are also awarded separately and sequentially. Under the proposed change, the total credit hours required for the two degrees would be reduced to 144, and the two degrees would be awarded concurrently for 4+1 students. These changes are consistent with the substance and form of most 4+1 programs throughout the campus and community at large. They should improve the flexibility and utility of the program for qualified students.

Program Requirements:

(Show the new or revised curriculum as it should appear in the Course Catalog. If this is a revision, be sure to indicate the changes being made to the current curriculum and include a side-by-side comparison of the credit distribution before and after the proposed change.)

See attached

ROUTING AND AUTHORIZATION: (Please do not remove supporting documentation.)

Department Chairperson Date

Dean of College Date

Chairperson, College Curriculum Committee___________________________________Date_____________________

Chairperson, Senate Com. on UG or GR Studies Date

Chairperson, Senate Coordinating Com. Date

Secretary, Faculty Senate Date

Date of Senate Resolution Date to be Effective

Registrar Program Code Date

Vice Provost for Academic Affairs & International Programs Date

Provost Date

Board of Trustee Notification Date

Revised 10/23/2007 /khs

DEPARTMENT OF ACCOUNTING & MIS

MS in ACCOUNTING

PROPOSED 4 + 1 PROGRAM POLICIES*

(Effective date: Fall, 2013)

*Proposed changes are highlighted in yellow

VI. Dept of Accounting and MIS, 4+1 Option

The objective of the 4+1 option is to provide high quality accounting students and professionals for graduate education by providing efficient solutions to the 150 hour requirement now facing many of our graduates. The program allows integration of graduate and undergraduate studies with the goal of completing both a Bachelors and Master’s degree in Accounting within 5 years.

Admission Criteria

Students would normally apply for admission to the 4+1 program at or near the conclusion of the first semester of their junior year. Initial admittance would be based on the following entrance criteria:

a. Candidates should have a 3.0 undergraduate GPA.

b. Completion of Accounting 315 with a grade of C or higher.

c. Completion of all courses specified for the freshman and sophomore years in the concentration area of study.

d. TOEFL scores, if applicable, that are consistent with minimum graduate admittance criteria.

2. Application Process and Procedures

Applicants must submit one official transcript of all previous college records, provide a statement of objectives and interests, an essay, and have three recommendation forms completed by appropriate mentors and submitted to the University Office of Graduate Studies.

Admission to the graduate program is selective and competitive based on the number of well-qualified applicants and the limits of available faculty and facilities. Those who meet stated minimum requirements are not guaranteed admission, nor are those who fail to meet all of the requirements necessarily precluded from admission if they offer other appropriate strengths. Admission will be decided by the Graduate Coordinator, in consultation with an admission committee (composed of faculty who participate in the program). Application for fellowship, tuition scholarship, or assistantship financial aid is a part of the admission application form and is made at the time of application. Applications being considered for financial support should be completed by April 1 for fall terms and December 1 for entering in spring term. For further details, student should contact the department’s Graduate Coordinator.

Procedures After Admittance

4+1 Students will follow normal procedures in applying for the Bachelor’s degree, and the Master’s degree. Students will apply for, and receive, both degrees concurrently, once all course requirements for both degrees have been satisfied, and at least 144 credit hours of total coursework have been completed successfully.

To maintain status in the program, students must do the following:

a. Prior to the end of the junior year, meet with the graduate advisor and develop a planned program of study.

b. Maintain a cumulative GPA of 3.0 in all graduate and undergraduate coursework.

c. Obtain a grade of C or higher in Acct 316.

d. Progress would be evaluated at the end of each semester by the student’s graduate advisor. Students that fail to meet maintenance criteria will be placed into the

BS Accounting degree program.

4. Key 4+1 Program Features

a. 4+1 students would be permitted to take graduate classes as part of their academic studies. Normally, this process would begin at the conclusion of the student’s junior year.

b. The total credit hours for the combined BS/MS degree would be 144 hours.

d. Total graduate level course requirements would be the same as for the MS in Accounting degree. These requirements include 30 credit hours of coursework at the 600 or 800 level (see attached graduate planning sheet for course specifics).

e. Students in the 4+1 program would be permitted to take up to 6 credit hours of independent study. Additional independent study would not count toward graduation.

DEPARTMENT OF ACCOUNTING & MIS

MS in ACCOUNTING

CURRENT 4 + 1 PROGRAM POLICIES

VI. Dept of Accounting and MIS, 4+1 Option

Admission Criteria

f. Candidates should have a 3.0 undergraduate GPA.

g. Completion of Accounting 315 with a grade of C or higher.

h. Completion of all courses specified for the freshman and sophomore years in the concentration area of study.

i. TOEFL scores, if applicable, that are consistent with minimum graduate admittance criteria.

5. Application Process and Procedures

Applicants to the 4+1 program in Accounting must apply to the MS in Accounting using the on-line graduate admission application. The applicant does not need to submit a UD undergraduate transcript but must provide three recommendation forms completed by appropriate mentors and submitted to the University Office of Graduate Studies.

Procedures After Admittance

4+1 Students will follow normal procedures in applying for the Bachelor’s degree, and later, the Master’s degree, once the appropriate course requirements have been met.

To maintain status in the program, students must do the following:

a. Prior to the end of the junior year, meet with the graduate advisor and develop a planned program of study.

b. Maintain a cumulative GPA of 3.0 in all graduate and undergraduate coursework.

c. Obtain a grade of C or higher in Acct 316.

d. Progress would be evaluated at the end of each semester by the student’s graduate advisor. Students that fail to meet maintenance criteria will be placed into the

BS Accounting degree program.

7. Key 4+1 Program Features

a. 4+1 students would be permitted to take graduate classes as part of their academic studies. Normally, this process would begin at the conclusion of the student’s junior year.

b. The total credit hours for the combined BS/MS degree would be 150 hours, i.e., the same as it would be if students took the two degrees separately.

c. Undergrad course requirements would be the same as they are now, with this exception. Accounting and Finance graduate courses required for the MS portion can be used to satisfy the Class F electives (FIN and ACCT) required for the undergraduate portion. Students that utilize this option, to obtain the needed 150 credit hours, will complete 6 additional credit hours, classified as Class G “other electives”. These credit hours can be satisfied with any undergraduate business or non-business course.

e. Students in the 4+1 program would be permitted to take up to 6 credit hours of independent study. Additional independent study would not count toward graduation.

Side By Side Comparison of Proposed Changes

4+1 MS Accounting
University Requirements
Current			Proposed
Course #	Description	Credits	Course #	Description	Credits
ENGL 110	Critical Reading and Writing	3	ENGL110	Critical Reading and Writing	3
	Multicultural Requirement course (in elective or breadth)			Multicultural Requirement course (in elective or breadth)
UNIV 101	Discovery Learning Experience	3	UNIV 101	Discovery Learning Experience	3
	University Breadth Requirements	12		University Breadth Requirements	12

Breadth Requirements

Current

Proposed

Course #

Description

Credits

Course #

Description

Credits

Creative Arts and Humanities or History and Cultural Change Elective

Social/Behavioral Science

MATH 201

Statistics I

MATH201

Statistics I

MATH 202

Statistics II

MATH202

Statistics II

MATH 221

Calculus I

MATH221

Calculus I

MATH 230

Finite Math w/ Applic.

MATH230

Finite Math w/ Applic.

Communications

Science/Math (beyond Calculus I)

Free Electives

Core Business Curriculum
Current			Proposed
Course #	Description	Credits	Course #	Description	Credits
ECON 151	Microeconomics	3	ECON 151	Microeconomics	3
ECON 152	Macroeconomics	3	ECON 152	Macroeconomics	3
ECON 302	Banking and Monetary Policy	3	ECON302	Banking and Monetary Policy	3
BUAD 301	Introduction to Marketing	3	BUAD 301	Introduction to Marketing	3
BUAD 306	Operations Management	3	BUAD 306	Operations Management	3
BUAD 309	Mgmt. and Org. Behavior	3	BUAD 309	Mgmt. and Org. Behavior	3
FINC 311	Principles of Finance	3	FINC 311	Principles of Finance	3
FINC 313	Financial Markets	3	FINC 313	Financial Markets	3

Accounting Curriculum
Current			Proposed
Course #	Description	Credits	Course #	Description	Credits
MISY 60	Business Computing: Tools and Concepts	3	MISY 160	Business Computing: Tools and Concepts	3
ACCT 207	Accounting I	3	ACCT 207	Accounting I	3
ACCT 208	Accounting II	3	ACCT 208	Accounting II	3
ACCT 302	Accounting Info. Systems	3	ACCT 302	Accounting Info. Systems	3
ACCT 315	Intermediate Accounting I	3	ACCT 315	Intermediate Accounting I	3
ACCT 316	Intermediate Accounting II	3	ACCT 316	Intermediate Accounting II	3
ACCT 327	Cost Accounting	3	ACCT 327	Cost Accounting	3
ACCT 350	Business Law I	3	ACCT 350	Business Law I	3
ACCT 351	Business Law II	3	ACCT 351	Business Law II	3
ACCT 413	Income Tax Accounting	3	ACCT 413	Income Tax Accounting	3
ACCT 415	Advanced Accounting	3	ACCT 415	Advanced Accounting	3
ACCT 417	Auditing	3	ACCT 417	Auditing	3
ACCT 425	Strategic Info. Systems	3	ACCT 425	Strategic Info. Systems	3
	Electives (FINC or ACCT)	6		*	0

4+1 MS Accounting

Required Courses (21 Credit Hours)

Current

Proposed

Course #

Description

Credits

Course #

Description

Credits

ACCT 801

ACCT 804***

Management Control Systems and Information Technology

Database Design, Networks and Implementation

ACCT 614**

ACCT 804***

Federal Tax Research and Planning

Database Design, Networks and Implementation

ACCT 810

Theory of External Reporting

ACCT 610^

Theory of External Reporting

ACCT 820

Financial Statement Analysis

ACCT 820

Financial Statement Analysis

ACCT 883

BUAD 820

International Accounting

Data Analysis and Quality Management

ACCT 683^

BUAD 820

International Accounting

Data Analysis and Quality Management

BUAD 840

Ethical Issues in Domestic and Global Business Environments

BUAD 840

Ethical Issues in Domestic and Global Business Environments

Required Grad Credits

Electives Courses (9 Credit Hours)

Current

Proposed

Course #

Description

Credits

Course #

Description

Credits

ACCT 614

Federal Tax Research and Planning

ACCT 801**

Management Control Systems and Information Technology

ACCT 805

Current Issues in MIS

ACCT 805

Current Issues in MIS

ACCT 806

Systems Analysis, Design and Implementation

ACCT 806

Systems Analysis, Design and Implementation

ACCT 811

Advanced Management Accounting

ACCT 811

Advanced Management Accounting

ACCT 817

IT Auditing

ACCT 817

IT Auditing

ACCT 840

Contemporary Issues In Accounting

ACCT 840

Contemporary Issues In Accounting

ACCT 843

Special Topics in International Finance Reporting

ACCT 843

Special Topics in International Finance Reporting

ACCT 857

Private Equity/Venture Finance (New Course)

ACCT 857

Private Equity/Venture Finance (New Course)

ENTR 860

High Technology Entrepreneurship

ENTR 860

High Technology Entrepreneurship

FINC 850

Financial Management

FINC 850

Financial Management

FINC 853

International Financial Management

FINC 853

International Financial Management

FINC 859

Seminar in Finance

FINC 859

Seminar in Finance

BUAD 843

Special Topics in Global Business (study-abroad)

BUAD 843

Special Topics in Global Business (study-abroad)

MISY 830

Decision Support and Analysis

MISY 830

Decision Support and Analysis

MISY 840

Project Management and Costing

MISY 840

Project Management and Costing

MISY 850

Security and Control

MISY 850

Security and Control

MISY 873

Information Technology and Organizational Effectiveness

MISY 873

Information Technology and Organizational Effectiveness

Grad Elective Credits 9

Total Undergraduate Credits for BS in Accounting

120

Total Undergraduate Credits for BS in Accounting

114

Total Graduate Credits for MS in Accounting

Total Credits

150

Total Credits

144

* 4+1 students fulfill this with classes taken to meet MS Accounting requirement

** ACCT 614 replaces ACCT 801 as required course. ACCT 801 offered as elective

*** MISY majors and minors waive ACCT 804 and replace with ACCT 805 (Current Issues in MIS)

^ Course numbers have been updated from 810 and 883 to 610 and 683, respectively