There are 190 schools that hold the Association to Advance Collegiate Schools of Business's (AACSB)

Accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

Accreditation Accreditation is the independent, third-party evaluation of a conformity assessment body (such as certification body, inspection body or laboratory) against recognised standards, conveying formal demonstration of its impartiality and competence to ...

. The AACSB accredits

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, o ...

s by evaluating critical areas of each school to ensure that it provides top-quality education, and schools can apply for the

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

accreditation, which focuses on the schools' accounting programs, in addition to business accreditation. Accreditation is gained and maintained via a peer-review system, and schools are assessed in the context of their respective missions rather than against a fixed standard. To apply for accounting accreditation, a school is required either to already hold the business accreditation, or to apply for both the business and accounting accreditations at the same time. The initial accounting accreditation process starts with the submission of an eligibility application, and includes self-evaluations and peer reviews. The business school and the accounting academic unit are evaluated on their alignment with the AACSB's accreditation standards; under the standard for accounting accreditation, an accounting academic unit is evaluated based on its mission, intellectual contributions, and financial strategies for achieving its mission. For example, one of the bases of evaluation is whether the academic unit has produced intellectual contributions that have affected

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...

and

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

"in ways that are consistent with the mission, expected outcomes, and strategies of the unit". Subsequently, the accounting accreditation is extended via 5-year review cycles. As of 2013, the AACSB estimated that 5% of all business programs internationally, and most top business programs in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, held AACSB accreditation. AACSB accreditation is seen as a standard requirement in graduate business education, and universities are more likely to accept

transfer credit Transfer credit, credit transfer, or advanced standing are the terms used by colleges and universities for the procedure of granting credit to a student for educational experiences or courses undertaken at another institution. This is a subset of ...

earned from accredited schools; it has been called "the hallmark of excellence in business education".

Schools

References

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Schools

See also

References