Sinclair Community College
Program/Department Annual Update
2007-08
Program : Finance
Chairperson: Rick Andrews
Dean: Sue Merrell
Date: 2/11/08
Program outcome(s) for which data were collected during 06-07:
(Note: Outcome(s) listed on Program Outcomes Assessment Plan document located at Provost website: http://www.sinclair.edu/administrative/vpi/pdreview/index.cfm)
Deactivating program 2008
Program outcome(s) for which data are being collected this year (07-08):
(Note: Outcome(s) listed on Program Outcomes Assessment Plan document located at Provost website: http://www.sinclair.edu/administrative/vpi/pdreview/index.cfm)
Deactivating program 2008
Directions and Examples:
This annual update has been designed so that a on-page program review update is provided by each department on an annual basis, in conjunction with the Departmental Program Review process.
The program outcome(s) that were identified by department chairs as being those under study for 2006-07 and 2007-08. For the outcome that was under study in 06-07, specific data should by now have been collected, studied and perhaps acted upon. Please note the following schedule:
Finance Program Outcomes / 06-07 / 07-08 / 08-09 / 09-10 / 10-111) Quantitative skills and accounting skills
Apply quantitative skills and accounting skills appropriate to the Financial Management occupation the student has prepared to enter. / Direct measure data are collected
FIN295 – FIN215 / Direct measure data are analyzed / Document improvements
2) Interpret financial statements
Prepare as well as interpret financial statements. / Direct measure data are collected
FIN215 / Direct measure data are analyzed / Document improvements
3) Understanding of computers
Demonstrate understanding of computers at a level compatible with job demands. / Direct measure data are collected
FIN295 (IPR Survey) / Direct measure data are analyzed / Document improvements
4) Analyze problems
Analyze problems and make informed decisions. / Direct measure data are collected
FIN295 / Direct measure data are analyzed
5) Positive attitude and work habits
Exhibit positive attitude and work habits in professional/occupational situations. Practice human relations skills on the job and in other interpersonal situations. / Direct measure data are collected
MAN205
6) Importance of financial institutions
Demonstrate an understanding of the importance of financial institutions as it affects the economy, the community, businesses and individuals. / Direct measure data are collected
FIN295 – FIN255 / Direct measure data are analyzed / Document improvements
7) Services of financial institutions
Aware of the services that financial institutions offer to government, correspondence. / Direct measure data are collected
FIN295 – FIN105 / Direct measure data are analyzed / Document improvements
8) Financial regulation and examination
Become familiar with financial regulation and examination – chartering, regulation agencies, examinations, internal controls, safeguards, and accounting. / Direct measure data are collected
FIN255 / Direct measure data are analyzed / Document improvements
9) Financial institutions in the community
Explain the relationships of financial institutions in the community and their dual desire to make profits and provide valuable services to the community. / Direct measure data are collected
FIN255 – FIN105 / Direct measure data are analyzed
10) Human relations skills
Develop human relations skills that are necessary for employers of financial institutions in establishing good customer communications and relationships. / Direct measure data are collected
FIN260
11) Automated office operations
Demonstrate an understanding of typical automated office operations utilized by financial intermediates. / Direct measure data are collected
MAN205 / Direct measure data are analyzed / Document improvements
12) Analyze and make decisions
Analyze and make decisions relevant to the needs of the community and of financial institutions. / Direct measure data are collected
FIN215 – FIN295 / Direct measure data are analyzed / Document improvements
13) Think rationally, systematically and logically
Think rationally, systematically and logically to solve problems through proper means of analysis/synthesis. / Direct measure data are collected
FIN215 – FIN295 / Direct measure data are analyzed / Document improvements
14) Understanding of human creativity
Develop an understanding of human creativity and its relation to society. / Direct measure data are collected
MAN205 / Direct measure data are analyzed
Please list noteworthy changes in the data set from last year:
Deactivating program 2008
Please list the actions and/or improvement priorities underway from the most recent program review recommendations:
Deactivating program 2008
Program outcome(s)--data collected for 06-07
What evidence and process do you plan to use to determine the extent to which this/these program outcome(s) have been met?
· NA with the deactivation of program
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Note: Next year will include a question about results for outcome(s) under study in 06-07
Please list noteworthy changes in the data set from last year:
· Average Class Size increase 4.7% from fall 2006 (17.1 ACS) to fall 2007 (17.9 ACS)
· Full Time Equivalent increase 41.2% from fall 2006 (174.3 FTE) to fall 2007 (246.1 FTE)
· Increase of 63 FTE’s from Principles of Accounting coincides with receiving TAG (Transfer Assurance Guide) status from state
Please list the actions and/or improvement priorities underway from the most recent program review recommendations:
· Evaluate opportunities for CPA review certificate
· Increased focus on Tech Prep efforts
Program outcome(s)--data collected for 06-07
· Collected data from ACC235 Audit Project (PO# 1)
· Collected data from ACC201 Pretest and compared to test covering financial statements in ACC201 (PO# 6)
How have you analyzed the data collected? What did you find? Describe the results obtained.
· Data from ACC235 (CPA simulation project) was inconclusive in determining communication in the business setting. Case analysis project requiring additional writing and data analysis skills has been implemented this year.
· Data from ACC201 financial statement pretest revealed students entering ACC201 did not have sufficient understanding the relationship between the different statements. Additional financial statement labs have been incorporated into ACC125 a prerequisite to the ACC201 class.
Program outcome(s)—data collected for 07-08
For the outcome(s) currently under study (for 07-08 outcomes), what evidence and process do you plan to use to determine the extent to which this/these program outcome(s) have been met?
· Collect data from ACC212 Mathematical skills - Apply mathematical skills to formulate and solve problems.
· Collected data from ACC125 Personal computer operations - Demonstrate proficiency in personal computer operations and applications.
Note: Next year, you will be asked to describe the analysis (07-08 outcomes), and actions/improvements underway (06-07 outcomes).
General Education
Describe any general education changes/improvements in your program/department during this past academic year (06-07).
· No changes made