Completing the Pathway from High School to College

1. Completing the Pathway from High School to College Kimberly Swanson Church, Ph.D. AICPA Training Consultant Assistant Professor of Accounting Information Systems University of Missouri Kansas City (and proud Kansas State University Alum…go Cats!)

2. Was a high school honor’s student that graduated with 28 hours of college credit. Took two year’s of high school “Accounting” Hold an Associate’s Degree in Accounting from Johnson County Community College First teaching job at Coffeyville Community College Moved on to teach Acct I & II at Pittsburg State University Influences on my perspective for today’s discussion…

3. Agenda Future of the Accounting Profession Student Perceptions Research Advanced High School Accounting APBP Training Why is this important?

4. Future of the Accounting Pipeline How Technology Is Disrupting Accounting -- And Why The Industry Must Adapt Forbes, 2017 What CPAs need to do to survive the automation revolution While computers take over routine tasks, accountants should focus on strategy and finding value. Journal of Accountancy, 2017 ROBOTS WILL SOON DO YOUR TAXES. BYE-BYE, ACCOUNTING JOBS WIRED, 2017 Lawyers, accountants join list of workers who could lose their jobs to AI, warns report ABC News, 2017 Does automation mean job losses for accountants? Accounting Today, 2017

5. Future of the Accounting Pipeline A U T O M A T I O N MOST SUSCEPTIBLE: bookkeeping, clerical accounting jobs & tax preparation 98% 47% HIGH RISK: accountants, auditors & tax examiners Frey and Osborne (2017)

6. Foundation of Student Perceptions Mr. Krabs What does a businessman look like? Mr. Perkins Mr. Burns Mr. Scrooge Scarface Mr. Waternoose Kevin Malone Lord Business

7. Bless Ben Affleck, I think?

8. How do we compete with STEM? Unexciting Uninteresting Boring Monotonous Mind-numbing Repetitious Tedious High School Educators have significant influence over career choices of their students. (Hardin et al. 2000)

9. Bookkeeping - systematic records of money transactionsvs.Accounting- art of analyzing the financial position and operating results of an organization from a study of its business processes CTE vs. College Preparation Dictionary.com

11. Advanced High School Accounting: The Path Forward

12. Current State of High School Accounting 35% High Schools offer an “accounting” class AICPA’s Student & Academic Research Study (2000)

13. Current State of High School Accounting 35% High Schools offer an “accounting” class 25% Students at those high schools take the “accounting” class AICPA’s Student & Academic Research Study (2000)

14. Current State of High School Accounting 35% High Schools offer an “accounting” class 25% Students at those high schools take the “accounting” class 9% [Translates to] all high school students that take an “accounting” class AICPA’s Student & Academic Research Study (2000)

15. Majority would have taken AP accounting • If an AP accounting course had been offered at your high school, would you have been likely to take it?

16. College student [n=273] • College graduate [n=1199] Most commit to accounting in freshman year or before • Pre-college behaviors • When did you decide to major in accounting? • Previous research conducted for AICPA found that 63% of high school students stated they were already thinking about a job/occupation/career by their freshman year, and 57% of college students said they became seriously interested in a particular profession prior to college.* • *Source: AICPA Student & Academic Research Study (2000).

17. College student [n=273] • College graduate [n=1199] Pre-college factors influence accounting majors • Family influences • High school influences • AICPA’s Student & Academic Research Study (2000) found that 35% of high schools offer accounting classes, and at those schools only 25% of students take accounting classes, which translates to roughly 9% of all students.

18. Advanced HS Accounting: The Path Forward College Board is not accepting new AP courses for consideration at this time Options considered by a task force in January 2016 Decision was made to move forward with the Accounting Pilot & Bridge Project AICPA purchased the APBP in July 2017 The program is now known as the AICPA Accounting Program for Building the Profession

19. Accounting Program for Building the Profession Introduces financial and managerial accounting Raises awareness of accounting as a career option Course is two semesters Qualification exam available Universities may accept for credit like AP exams

20. Accounting Program for Building the Profession Curriculum Advanced accounting curriculum Designed to have students think critically, not just memorize Starts with managerial accounting to engage students and give them the “business reason” behind transactions. Textbook and supplemental materials

21. THE ACCOUNTING PROGRAM FOR BUILDING THE PROFESSION Training and Professional Development Workshop for Teachers AGENDA DAY 1 - 8:00 – 9:00 Welcome Overview of Project Distribution of Materials 9:00 – 12:00 Modules 1 & 2 - High/Low and CVP Analysis 12:00 – 1:00 Lunch 1:00 – 5:00 Modules 3 & 4 - Preparing Financial Statements, Inventory, Product Costing Day 2 – 8:00 –12:00 Module 5 - Time Value of Money 12:00 – 1:00 Lunch 1:00 – 5:00 Module 6 - Net Present Value Analysis, Reporting Investments at Fair Value   Module 7 - Accounting for Long Term Debt Day 3 – 8:00 – 12:00 Active learning - Long Term Debt Module 8 - Income Statement, Balance Sheet 12:00 – 1:00 Lunch 1:00 –3:00 Statement of Cash Flows Wrap up

22. Trainers Joe Navickas Deerfield HS, Illinois Janie Patterson Hutchinson HS, Kansas Dan Deines, PhD Kansas State University Allison Nord KVCC,Michigan Sean Crevier Vernon Hills HS, Illinois Glenda Eichman Manhattan HS, Kansas Kimberly Church, PhD UMKC

23. Summer 2019 Strategy & Trainings • AICPA supported growth and reach of the Accounting Program for Building the Profession • AICPA collaborates with: • State Societies • Department of Education (CTE) • Summer 2019 – 14 trainings, including several new state partnerships & an advanced teacher training in Chicago

24. Summer 2017 Survey Results 95% 90% 90% reported students were more engaged and interested in accounting felt they could provide a higher level accounting course after training found the training beneficial and requested to attend a deeper dive training

25. What’s Next: Advanced HS Accounting • Build necessary relationship between high school – colleges – profession • Communicate with high school administrators/counselors to change profession perceptions, garner support for the program and offer the course • Create a sense of community with additional resources/hold continuing education webinars for trained teachers • Work with universities to accept the APBP qualifying exam as the first course in accounting

26. University Credit Agreement • Students who complete the course by a trained teacher have the opportunity to take the Qualifying Exam. • Qualifying Exam is intense and robust. • A template is in place but the credit agreement is customized by you! • Course it will count toward • Qualifying Exam score accepted

27. APBP: High School Honors Accounting Curriculum ACCT! Major? Signals to stakeholders & decision makers that Accounting is a viable career worth the investment. Increases likelihood and/or demand for the course.

28. APBP: High School Honors Accounting Curriculum >9% 9% First business course with this designation. Attracts more students into high school accounting classes.

29. APBP: High School Honors Accounting Curriculum $ These top students contribute to the success of your program.

30. Questions?