Accrual basis of accounting 800 602 525 income

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Accrual Basis of Accounting 80.0 60.2 52.5 Income Determination vs. Cash Flows 40.0 62.3 82.5 Income Determination vs. Cash Flows 50.0 48.0 57.5 Income Determination vs. Cash Flows 64.0 68.0 65.0 Income Determination vs. Cash Flows 96.0 66.0 100.0 67.7 58.7 63.2 Income Determination vs. Cash Flows Legend: Cells highlighted in red indicate a declining trend in the subtopic Cells highlighted in yellow indicate an increasing trend in the subtopic Average scores in red indicate the students scored lower than 70% for the topical area as a whole Table 12: Student Outcomes on Selected Learning Objectives Discussions about continued low performance in specific financial accounting areas led the department to undertake the curriculum review discussed earlier in this section. Program changes were implemented as a result of the review. In addition to revisions in the undergraduate program, other less extensive changes to the curriculum have occurred due to findings from the AOL process. Based on data from the senior exit exam, students were not retaining knowledge in the taxation area about (1) filing status requirements and (2) economic inflows included in or excluded from gross (taxable) income. The professor added additional homework and research assignments in these areas, but the results did not improve. The professor determined that many students were not doing the homework assignments because the “homework” was not a graded course component. The grading structure of the course was changed to include a small percentage for homework. Results on the senior exit exam indicate that this curricular change improved the retention of knowledge on these topics. In the Auditing area, student performance in 2012-13 indicated a poor understanding of the PCAOB fieldwork standards. As a result of reviewing the assurance of learning measures, the
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36 instructor in the course added additional material to the class and expanded a research assignment to include more material on this topic. The results on the senior exit exam in the following year indicated an improvement in student learning in this area. Subsequent AOL measures in this area show consistency in these improved scores. These and other curricular changes and their outcomes are displayed in Table D-1 located in Appendix D. 6.3 Master of Accountancy Program Learning Objectives Assessment There are four major learning objectives for the Master of Accountancy (MAcc) program. Each major learning objective has several sub LOs. In successfully completing the MAcc program, students are expected to: LO 1 - Develop an enhanced understanding of accounting and related topics (professional knowledge); LO 2 - Be proficient in professional skills to provide information relevant to solving organizational problems (Professional Skills); LO 3 - Enhance their professional communication skills (Professional Communication); and LO 4 - Gain an appreciation of the importance of ethical behavior in the workplace (Professional Ethics).
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  • Summer '17
  • Michael Hart
  • Western Kentucky University, Department of Accounting, WKU

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