OFFICE OF ASSESSMENT AND ACCREDITATION GOAL ASSESSMENT REPORT: AY 08/09 MAJOR: BBA - Finance Section One: Describe all department activities with respect to improving student learning. This degree prepares students to make integral financial decisions for private and public organizations. Students are educated for financial positions in manufacturing, retailing as well as the financial industry (banking, insurance and financial planning). Section Two: Describe which program goal(s) in the Major Program Plan was assessed during the academic year. Intended Outcome 1: Ensure that all Finance majors are exposed to coursework that require analytical skills Assessment Criteria: At least 50% all Finance course exams and term papers will require the use of financial analysis quantitative techniques. Results of Outcomes Activity: 2008-2009 Met/Not Met Met Data Details The portion of examinations requiring quantitative skills were FIN314-Risk and Risk Management-90%, FIN421-Investments65%. Intended Outcome 2: Student will develop an understanding of how financial markets work Assessment Criteria: 80% of students will have “B” or better on the final examination involving computation of market equilibrium solution questions. Results of Outcomes Activity: 2008-2009 Met/Not Met Not Met Data Details FIN314 Risk and Risk Management: Results: 7 of 11 (64%) of students received “B” or better on the final examination quantitative measures involving market equilibrium Met FIN421-Investments.10 students of students 12 students received (83%) received “B” or better on the final examination quantitative measures Intended Outcome 3: Student will develop an understanding of how business and investors measures and manages the tradeoff between risk and return Assessment Criteria: 80% or more students in FIN 314 will achieve a score of “B” or better on the final examination. 80% of students in FIN 421 will achieve a “B” or better on their managed portfolio paper. Results of Outcomes Activity: 2008-2009 Met/Not Met Met Data Details FIN314 Risk and Risk Management: Results: 7 of 11 (64%) of students received “B” or better on the final examination quantitative measures involving market equilibrium Met FIN421-Investments.10 students of students 12 students received (83%) received “B” or better on the final examination quantitative measures Intended Outcome 4: Students will develop an understanding of negotiable instruments and the role these instruments play in facilitating transactions in the market place. Assessment Criteria: One of the exams administered in Law 212 Business Law II will focus on the students understanding of negotiable instruments with a standard that 80% of the students will earn a grade of 70% (C) or better on the exam. Results of Outcomes Activity: 2008-2009 Met/Not Met Met Data Details LAW212-97% of the students, (33 out of 34) enrolled in LAW212 Business Law II Section 01 in the Spring 2009 semester earned a grade of 70% (C) or better on the negotiable instruments exam administered during the Semester. Section Three: Describe analysis of assessment data and action plans for upcoming academic year. Analysis and Action Plans: While some of the criteria were met two specific areas were not. Less than the targeted number of students received a “B” or better on the final examination quantitative measures involving market equilibrium. In the future alternative ways to explain this concept and have students show their competence in this area will be sought. Generally students continue to struggle with quantitative concepts in the finance curriculum as well as across other disciplines in and outside of business. A renewed attempt will be made to improve the quantitative skills of students.