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State Board Report

July 2014

The second phase of the Pathways Commission’s work is moving ahead, Melanie G. Thompson (TX), NASBA’s representative on the Commission’s task force, reported to the Regional Meetings. She called the Boards’ attention to the work being done by the Commission to recognize high school Advanced Placement courses in accounting, as a means of attracting high-potential, diverse entrants into the accounting profession. A survey of university accounting chairs found that they would accept Advanced Placement course credit if the student scores 3-5 on the AP examination. Ms. Thompson asked the State Boards if they would be ready to accept the results of the AP examination in place of the introductory accounting course, so that one less course would be required for licensure?

Ms. Thompson is a member of the Commission’s Accounting Common Body of Knowledge Task Force, which is charged with broadly defining the body of knowledge that is the foundation of accounting’s curricula of the future. They have identified and described three types of competencies: foundation, accounting and broad management. She underscored that ethics is one of the broad management competencies that has been identified. Ms. Thompson observed: “Professional judgment is becoming the mantra in education. It is extraordinarily difficult for students.” Many students go into the accounting profession because they like specificity, and the profession is helping the educators learn how to develop professional judgment in students, she observed.

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