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Senate Bill 691. confluence. Job Market. IFRS. Budget Cuts. will these conditions create unsatisfied needs for. “employers” of accounting students “accounting students” other departments in the“Orfalea College” the “accounting program”. can we design programs that will benefit.
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Senate Bill 691 confluence Job Market IFRS Budget Cuts
will these conditions create unsatisfied needs for • “employers” of accounting students • “accounting students” • other departments in the“Orfalea College” • the “accounting program”
can we design programs that will benefit • “employers” of accounting students • “accounting students” • other departments in the “Orfalea College” • the “accounting program”
the question will be If Senate Bill 691 is approved ? • Does the Advisory Board believe we should plan to roll out an MS AIS / Audit roll out for 2010-11 ?
your input Pro • . • . • . • . • . • . • . Concerns • . • . • . • . • . • . • .
May Revision Slashes Potential $410 Million from 2009-10 Budget the CSU’s budget includes • $2.7 billion in state General Fund • $1.5 billion in student fee revenue. • proposed reduction represents a 15% reduction in General Fund support.
May Revision Slashes Potential $410 Million from 2009-10 Budget equivalent to reducing enrollment by 50,000 and laying off 4,000 to 5,000 employees or closing two large CSU campuses, or a combination of large fee increases and enrollment reductions of tens of thousands of students.
Budget cuts -- let’s assume • Double Majors, Minors and Dual concentrations will soon be prohibited • Student won’t be able to hang around and take 225 units
AP MTV U poll Nearly one in five changed plans this year and decided to attend graduate or professional school after college because an undergraduate degree might not be enough to get them a job. emphasis added by Tad
Is it safe to assume IFRS will increase demand for accountants??
Senate Bill 691 • Eliminate Pathway 1 Jan. 1, 2014 • Unofficial ballot 13-0 • Placed in Appropriations Suspense file the "suspense file" is the method by which the committee prioritizes bills over $150,000 and ultimately determines if they will be passed and sent to the Floor, or remain with the committee indefinitely.
MS Tax generates a surplus “only” program in the OCoB which generates more revenue by enrolling more students
MS Tax requirements • … an undergraduate degree: • 1 course in federal taxation • plus 8 quarter units in accounting
expand MS Tax Accounting Cal Poly Accounting other schools Finance CFP / CPA Liberal Arts + 214 + 215 + 320 Science & Math + 214 + 215 + 320 From other schools
There goes Mr. Accounting again
continuing ed – over summer BUS 215 Managerial BUS 321 Intermediate BUS 214 Financial BUS 320 Intro Tax
Taking 214, 215 & 320 Will not make Lib Arts or Science & Math Students eligible for CPA exam
CPA exam requirements • 36 quarter units Accounting • 9 courses • 36 quarter units Business • 9 courses
Business-related subjects include: • Business Adm Computer Science • Bus Communicate Information Sys • Business Law Economics. • Finance Management. • Marketing. • MathematicsStatistics.
If we had a boot camp We could get students from Liberal Arts and Science & Math CPA eligible
MS AIS / Audit students from Accounting Cal Poly AIS Cal Poly Liberal Arts + boot camp Science & Math + boot camp From other schools
MBA new Prof Program Fee a means for audit students to get 225 hrs Professional Education fee Cal Poly 12 month MBA now over $16,000
Buckets to fill • MS Tax • MS AIS / Audit • MBA
214 215 320 MS Tax Bucket MS AIS /Audit Boot Camp MBA Audit
Finance Students and accountants from other Universities are great
but we may need to look at different pools for quality students
Cal Poly’s Liberal Arts and Science & Math students are great
The question If Senate Bill 691 is approved ? • Does the Advisory Board believe we should plan to roll out an MS AIS / Audit roll out for 2010-11 ?
your input Pro • . • . • . • . • . • . • . Concerns • . • . • . • . • . • . • .