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DOCUMENTS OF THE GENERAL FACULTY

PROPOSED CHANGES TO THE PROFESSIONAL PROGRAM IN ACCOUNTING IN
THE RED MCCOMBS SCHOOL OF BUSINESS CHAPTER OF
THE UNDERGRADUATE CATALOG 2006-2008



Dean George Gau of the Red McCombs School of Business has filed with the secretary of the Faculty Council the following changes to the professional program in accounting in the Undergraduate Catalog, 2006-2008. The faculty of the school approved the proposed changes on April 29, 2005. The dean approved the proposed changes on May 4, 2005, and submitted the changes to the secretary on October 27, 2005. The secretary has classified this proposal as legislation of exclusive application and primary interest to a single college or school.

The edited proposal was received from the Office of Official Publications on November 1, 2005, and was sent to the Committee on Undergraduate Degree Program Review from the Office of the General Faculty on November 10, 2005. The committee forwarded the proposed changes to the Office of the General Faculty on November 18, 2005, recommending approval. The authority to grant final approval on behalf of the General Faculty resides with the Faculty Council.

If no objection is filed with the Office of the General Faculty by the date specified below, the legislation will be held to have been approved by the Faculty Council. If objection is filed within the prescribed period, the legislation will be presented to the Faculty Council at its next meeting. The objection, with reasons, must be signed by a member of the Faculty Council.

To be counted, a protest must be received in the Office of the General Faculty by noon on December 2, 2005.

<signed>

Sue Alexander Greninger, Secretary
The Faculty Council



This legislation was posted on the Faculty Council Web site (http://www.utexas.edu/faculty/council/) on November 21, 2005. Paper copies are available on request from the Office of the General Faculty, WMB 2.102, F9500.

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PROPOSED CHANGES TO THE PROFESSIONAL PROGRAM IN ACCOUNTING IN
THE RED MCCOMBS SCHOOL OF BUSINESS CHAPTER OF
THE UNDERGRADUATE CATALOG 2006-2008



On pages 51-52, under the heading PROGRAM DEGREE REQUIREMENTS, in the section PROFESSIONAL PROGRAM IN ACCOUNTING, in the Red McCombs School of Business chapter of the Undergraduate Catalog, 2004-2006, make the following changes:


PROFESSIONAL PROGRAM IN ACCOUNTING

The Professional Program in Accounting (PPA) is a five-year program of undergraduate and graduate coursework that allows the student to earn the Bachelor of Business Administration and the Master in Professional Accounting degrees at the same time. The professional curriculum, which usually begins in the student’s junior year, includes specially designed accounting courses taught in relatively small classes by full-time faculty members.

The accounting faculty has designed three concentrations within the PPA: auditing/financial reporting, managerial accounting/control, and taxation. Each concentration is a sequence of courses that offers strong preparation for a particular career path. In addition, the student may choose a generalist curriculum.

Because PPA students are expected to become leaders in the accounting profession, highly motivated students with the personal qualities and intellectual capacity to establish successful careers in public accounting, industry, not-for-profit organizations, and higher education are encouraged to apply.

Admission

Students are admitted to the PPA according to the following requirements. Admission is granted only for the fall semester; June 1 is the application deadline for those who wish to begin the program the following fall. Students interested in the PPA must have met the following requirements by the June 1 deadline: the foreign language requirement for the BBA degree; and completion of at least sixty semester hours of coursework, including Accounting 311 and 312, Business Administration 101H, 101S, or 101T, Economics 304K and 304L, Mathematics 408K or 408C, and Mathematics 408L or 408D.

Admission is based on the applicant’s University grade point average and SAT I or American College Testing Program score, as well as other relevant examples of academic ability and leadership. An applicant with a University grade point average of less than 3.00 is unlikely to be admitted to the PPA. Admission may be restricted by the availability of instructional resources. Application materials and information about deadlines are available at http://www.mccombs.utexas.edu/dept/accounting/ppa/.

Before beginning the fifth year, PPA students must be admitted to the Master in Professional Accounting (MPA) program. Students must complete a period of resident study of at least two long semesters in the Graduate School of Business.” Application forms must be submitted by February 1 of the student’s fourth year. Students must have completed the following BBA degree requirements before the application deadline: Rhetoric and Composition 306, English 316K, and three hours of public speaking. They must also earn an acceptable score on the Graduate Management Admission Test (GMAT) and have their test scores sent to the University’s Office of Admissions. Students usually take the GMAT in the fall or winter of their fourth year.

Satisfactory Progress

PPA students are expected to make continuous progress toward the degree by completing required accounting coursework each semester. Students who fail to take PPA coursework two long-session semesters in a row will be removed from the program and placed in the unspecified business major. Students will be notified before this action is taken; they must meet with their academic adviser upon being notified.


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Probation

The PPA student is placed on probation if his or her grade point average in core undergraduate accounting courses falls below 3.00. Except with the consent of the PPA director or assistant director, a student on probation may not take graduate accounting courses.

Dismissal

The student is dismissed from the PPA if (1) he or she fails to improve his or her academic performance significantly while on probation, or (2) he or she will not achieve a grade point average of 3.00 even by earning grades of A in all remaining core undergraduate accounting courses.

Graduation

To receive an MPA degree, a PPA student must have a grade point average of at least 3.00 in all coursework taken as part of the minimum thirty-six-hour MPA degree. He or she must also have a grade point average in graduate accounting coursework of at least 3.00.

Degree Requirements

The requirements of this program are

1. Undergraduate coursework
a. The Bachelor of Business Administration degree requirements on pages 49-50. Because the PPA program includes a graduate-level internship course, PPA students do not take the undergraduate internship course described in requirement 6e of the BBA degree requirements.5
b. Economics 420K.
c. Management 335, 336, and 374.
d. The following courses: Accounting 151, 152 or 153, 355, 356, 358C, and 359.
e. For students in the auditing/financial reporting, managerial accounting/control, or generalist concentration, Finance 367 and a business elective; for students in the taxation concentration, six semester hours of coursework in legal environment of business approved by the PPA adviser.
f. Additional elective work, if necessary, to provide a total of at least 120 semester hours of undergraduate coursework.


2. Graduate coursework
a. Accounting 380K (Topic 1: Financial Accounting Standards and Analysis I) and 380K (Topic 13: Information Technology for Accounting and Control).
b. Thirty additional semester hours of graduate coursework, including at least twelve hours in accounting and no more than six hours outside business. The PPA adviser must approve coursework in the student’s concentration in advance.



5. The PPA student must complete the graduate-level internship, even if he or she has taken the undergraduate internship course before entering the PPA. Only the graduate internship is counted toward the BBA and MPA degrees.



RATIONALE:
The Accounting Department is going to teach the ACC 153-Fifth Year Lyceum again and wants to give the students an option of which lyceum to take.