OWENSBORO, Ky. (12/3/13) - Students in Julie Mann's Advanced Accounting Honors Class spend much more time talking about overhead costs, risk returns, profit margin, investments, things that affect the Break Even Point before and after taxes along with the Time-Interest-Earned ratio, than discussing debits and credits. The Accounting Pilot and Bridge Project is being offered at Owensboro High School for the first time this year as a career-readiness path course and can earn three hours of college credit for
OHS is the only school in this area currently offering the course that was developed by the Kansas State University Accounting Department under the leadership of Dr. Dan Deines and other KSU accounting professors.
"Julie Mann is a true academic pioneer and the Owensboro Public Schools and her students are the beneficiaries of her visionary initiative,” Dr. Deines said.
According to developers, the Advanced Accounting Project has the potential to make a significant, positive impact on the accounting profession by producing high quality accounting students interested in a career in that field.
"Because the course focuses more on financial and managerial skills than keeping records, students are using more of their higher thinking skills than if they were just dealing with numbers. This is more of a
conceptual approach to accounting," Ms. Mann said.
She received training on the program that has been offered by the Kentucky Department of Education in conjunction with the Kentucky Society of Certified Public Accountants.
Ms. Mann explained that while there is a major push to move Accounting into the College Board Advanced Placement (AP) Curriculum, to date Accounting is not there. This course provides an avenue for students to earn similar credit. When, students complete Ms. Mann's college-level class that includes well over the required 90 hours of training, they can take a qualifying exam similar to the AP testing process to actually earn college credit with this program. In its first year at OHS, there are eight students in the pilot, but Ms. Mann expects a full class next year.
"This Advanced Accounting Honor's class will appeal to different audience of students and will not require interested students to take a prior accounting course," Ms. Mann said.
The American Institute of Certified Public Accountants at its fall council meeting agreed to provide over $1.5 million to support the initiative to get the College Board to add AP Accounting according to Dr. Deines. More information is available at: www.accountingpilot.com
Currently, this program provides high school students the opportunity to earn credit at a growing number of universities including Western Kentucky University, Sullivan University, Indiana State University, Bentley University, and almost a dozen others. The University of Louisville, Indiana University, and the University of Tennessee are among those considering counting the course for credit according to Dr. Deines.
"Sixty percent of the CPS's across the country will be retiring in the next 10 years. There will be great opportunities for students who are following that career path. The American Institute of Certified Public Accountants is strongly supporting a push toward this curriculum in order to interest students and prepare them for a career in accounting," Ms. Mann explained.
Information Provided by Julie Ellis
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