Accounting places most in FASB program
Mays Business School, May 1st, 2005
Mays Business School’sÂ Department of AccountingÂ has placed nearly twice as many students in the Financial Accounting Standards Board (FASB) Postgraduate Fellows Program than any other university in the country.
Compared to Mays’ 14 placements from the founding of the postgraduate program to 2004, only the University of Wisconsin-Madison comes close with 8 students placed in the FASB postgraduate program up to 2004. Ohio State University and the University of Nebraska each had 7 graduates placed in the same time frame.
Mays also added a 15th student placed with 2005 Professional Program graduate Ricky Cronin’s acceptance into the program this year.
Other programs that have had four or more students accepted into FASB’s postgraduate program are among the nation’s top business schools â€” including the University of Michigan, the University of Notre Dame, the University of North Carolina and the University of Texas.
Ten of Mays’ most recent FASB postgraduate participants came from the Professional Program, an advanced study option that helps students earn an undergraduate degree in accounting and a master’s in accounting, finance, management information systems, or marketing/e-commerce, all in five years.
“The success of our students in this program reflects both the overall quality of our Professional Program as well as the outstanding personal attributes of Aggies, particularly as related to leadership and teamwork,” Accounting Department Head Jim Benjamin says.
Only some 51 schools of the 350 accredited U.S. business schools have had at least one student selected for the prestigious year-long postgraduate program in the accounting standards-setting process.
The FASB establishes and improves standards of financial accounting and reporting for the guidance and education of the public. Postgraduate technical assistants are assigned to major agenda projects or short-term practice and implementation issues. These graduates of the nation’s elite business programs come to have an in-depth understanding of the roles played by preparers, auditors and users of financial
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