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DOCUMENTS OF THE GENERAL FACULTY

PROPOSED ADDITION OF THE BUSINESS FOUNDATIONS CERTIFICATE PROGRAM TO THE UNIVERSITY TRANSCRIPT

Dean Thomas Gilligan of the McCombs School of Business has filed with the secretary of the Faculty Council the request to recognize the Business Foundations Program certificate on the University transcript. The change will appear in the in the School of Business chapter in the Undergraduate Catalog, 2010-2012. The dean approved the proposal on April 23, 2009. The secretary has classified this proposal as legislation of general interest to more than one college or school.

The Committee on Undergraduate Degree Program Review recommended approval of the change on October 7, 2009, and forwarded the proposed changes to the Office of the General Faculty. The Faculty Council has the authority to approve this legislation on behalf of the General Faculty. The authority to grant final approval on this legislation resides with the Executive Vice Chancellor of Academic Affairs with notification to the Texas Higher Education Coordinating Board.

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 an 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 October 22, 2009.


Greninger Signature

Sue Alexander Greninger, Secretary
The General Faculty and the Faculty Council


Distributed through the Faculty Council web site on October 12, 2009.


PROPOSED ADDITION OF THE BUSINESS FOUNDATIONS CERTIFICATE PROGRAM TO THE UNIVERSITY TRANSCRIPT

If the administrative unit requesting to recognize the certificate on the University transcript, please see the Minimum Criteria for Certificate Recognition on the Transcript section. The criteria in that section must be incorporated into the catalog language and included in the proposal.

1. Type of Proposal: Change to an existing program
2. Official Certificate Name: Undergraduate Certificate: Business Foundations
3 Proposed Implementation date: This should appear in the 2010-2012 Undergraduate Catalog
4. Administrative Unit Awarding the Certificate: McCombs School of Business
5. Statement of Objective (Include pages in undergraduate catalog where changes will be made): There are no changes to the program, we wish for our non-business students to have the Certificate added to their transcripts. This change will be on pages 52-53 of the undergraduate catalog.
6. Number of students expected to receive the certificate each semester: Current number of certified students is 800/year. This number is expected to grow approximately 25% (to 1000/year) once certifications are on transcripts.
7. Number of hours required for completion (Please note if there is a minimum or maximum number of hours): The certificate program has 18 hours of business required for completion. There are 6 hours of prerequisite courses (ECO 304K or 304L or the equivalent and a basic statistics course, taken in any discipline) needed to take the FIN 320F, which is required for the certificate.
8. List faculty who are on the certificate program faculty committee. (For inclusion on transcripts, the faculty committee must have a minimum of five members and at least 2/3 of the committee must be tenured or tenure-track.) Note with an asterisk those faculty who are tenured or tenure track. Please also note the program chair, who will be responsible for authorizing the students’ certificates. Specify changes to the committee membership by noting those no longer on the committee and those added to the committee.
Name of Faculty Member College/Department Title at UT Austin Highest Degree and Awarding Institution
Regina Hughes, chair Department of Finance Senior Lecturer M.S., University of North Texas
Kristi Loescher Department of Management Lecturer Ph.D., Nova Southeaster University
Stephen Limberg* Department of Accounting Professor and Faculty Director of M.P.A. Ph.D., Arizona State University
Paula Murray* School of Business Associate Dean J.D., UT Austin
Robert Prentice* Department of IROM Professor J.D., Washburn University

9. Academic course requirements:
The certification requirements for the Business Foundations program are:
The Business Foundations Program (BFP) is designed to provide a foundation in business concepts and practice for students in other majors. Any nonbusiness student with a University grade point average of at least 2.00 may take any BFP courses for which he or she meets the prerequisite. No admission process is required.

Nonbusiness students who wish to build a business course concentration may request certification in the BFP. Students who complete the following certification requirements in either the general track or the global track and submit a request to the BFP director receive a certificate and a letter verifying completion of the program.

Business Foundations Certification Requirements
General Track
The certificate requirements are
1. The following prerequisite courses:
a. Economics 304K or 304L or the equivalent.
b. An introductory statistics course chosen from the list of approved courses available in the advising office.
2. The following courses, completed in residence:
a. Accounting 310F; or both Accounting 311 and 312.
b. Management Information Systems 302F; or Statistics 309 and either Management Information Systems 301 or 310.
3. Finance 320F.
4. Three of the following four courses: International Business 320F, Legal Environment of Business 320F, Management 320F, Marketing 320F.
5. Two of the four courses taken to fulfill requirements 3 and 4 above, with the exception of Legal Environment of Business 320F, may be taken in an approved study abroad program. A list of approved programs is available in the business Undergraduate Programs Office.
6. The student must complete the courses used to fulfill requirements 1 through 5 on the letter-grade basis. He or she must earn a grade point average of at least 2.00 in these courses.
7. The student must complete at least two long-session semesters in residence.


Global Track
The certificate requirements are
1. The following prerequisite courses:
a. Economics 304K or 304L or the equivalent.
b. An introductory statistics course chosen from the list of approved courses available in the advising office.
2. Proficiency in a modern foreign language, demonstrated by earning nine semester hours of credit beyond course 507 or the equivalent in the language. Three of these hours must be in an upper-division course in grammar and composition.
3. Completion of at least one semester in an approved study abroad program. A list of approved programs is available in the business Undergraduate Programs Office.
4. The following courses, completed in residence:
a. Accounting 310F; or both Accounting 311 and 312.
b. Management Information Systems 302F; or Statistics 309 and either Management Information Systems 301 or 310.
5. International Business 320F. This course must be completed in an approved study abroad program. A list of approved programs is available in the business Undergraduate Programs Office.
6. Finance 320F.
7. Two of the following three courses: Legal Environment of Business 320F, Management 320F, Marketing 320F.
8. Two of the three courses taken to fulfill requirements 6 and 7 above, with the exception of Legal Environment of Business 320F, may be taken in an approved study abroad program. A list of approved programs is available in the business Undergraduate Programs Office.
9. The student must complete the courses listed in requirements 1, 4, 5, 6, and 7 on the letter-grade basis. He or she must earn a grade point average of at least 2.00 in these courses.
10. The student must complete at least two long-session semesters in residence.

10. Other certificate requirements: None.
11. Give a detailed rationale for change(s):
The transcript serves as a comprehensive record of a student’s academic progress and achievement at the University. Student’s pursuing the Business Foundations Certificate at UT Austin complete 18 hours of comprehensive business coursework as well as 3 hours of economics and 3 hours of statistics; a significant accomplishment. Recognizing the Business Foundations Certificate on the transcript will represent a more comprehensive picture of the students’ academic achievement at UT Austin.
Most students pursue the BFP as a way of developing a specialization in an area outside their major that will enhance their major and give them additional professional qualifications. Listing the BFP certificate on the transcript will greatly benefit students as they apply for jobs, and graduate and professional programs, by providing proof of their ability, skills and knowledge in all of the major business disciplines.

College/School Approval Process:
Approver: Thomas Gilligan on 4/23/2009
Title: Dean, McCombs School of Business
Approver: Undergraduate Program Committee on 4/2/2009

To view the edited version of the catalog changes click the PDF link at the beginning of this document.