The AACSB, which sets the standards for business schools worldwide and
accredited the John Molson School of Business four years ago, has now
accredited the Department of Accountancy. AACSB stands for the Association
to Advance Collegiate Schools of Business.
If you want to be part of the club, its essential you get
accredited, said Professor Michel Magnan in an interview.
The AACSB sets the standards for business schools worldwide, starting
with universities like Harvard, Yale, and Cornell.
Concordia is the first university in Canada to have its accountancy program
accredited by the association, an event that Magnan called major
recognition and a major opportunity. He believes the move will open
the university up to international students and foreign exchanges.
It broadens the pool of universities with which we can do exchange
programs, and its a signal that if you come and study at Concordia
in accounting, your program will be recognized in the U.S. and around
The Department of Accountancys Graduate Certificate in Management
Accounting was also recently accredited by CMA Canada.
A CMA (certified management accountant) is usually responsible for a companys
finances. Before Concordias program was accredited, business students
interested in becoming CMAs would have to take outside classes and tests
on top of their core courses.
Accreditation means fewer extra courses and evaluations for Concordia
students. The program completes the requirements to become a CMA, Magnan
said. Once they complete the program, they dont have much
else to do to qualify.
The AACSB and CMA accreditations are not the only reason for celebration.
Professor Magnan is the holder of Concordias new Lawrence Bloomberg
Chair in Accountancy, and his appointment was celebrated at a reception
at Samuel Bronfman House on May 31.
Mr. Bloomberg is a director of the National Bank of Canada, and was a
member of the Toronto Stock Exchanges board of governors. A financial
analyst, he received his Bachelor of Commerce from Concordia.
Magnans mandate is to encourage research in the Accountancy Department.
He joined Concordia last July after spending six years teaching accounting
at the École des Hautes Études Commerciales. Magnan has
been a chartered accountant since 1982, and has been a fellow of the Quebec
Order of Chartered Accountants since 1998. His research focuses on environmental
reporting, ethics and financial statement analysis. The new chair plans
to redirect the departments focus.
Were on the right track, Magnan said. Were
moving from a professional orientation to a research orientation.
He plans to forge on with his own research and help his peers with theirs.
He wants to encourage faculty members to do research by bringing workshops
and special speakers to the department. You should always improve
on what you are doing, and try to find ways to make it better.