a. introductory matters est. action time required a1. chair's … › _assets › pdf ›...

Box:R\Senate\17-18\Maarch-agenda

Faculty Senate Agenda 3:30 p.m., March 21, 2018

Faculty Club, Whitten University Center, Gables Campus

Click HERE for a complete package of materials https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/complete-pkg.pdf

(If you have trouble opening the link within the agenda item, paste the address below each item into your browser to access.)

A. Introductory Matters Est. Time

Action required

A1. Chair's remarks – Tomás Salerno

3:30 Info Only

A2. President’s remarks – Julio Frenk 3:45 Info Only

A3. Introduction of and Remarks by • Jessica Brumley, Vice President, Facilities Operations and Planning • Brandon Gilliland, Vice President and Chief Financial Officer

4:00 Info Only

A4. Student Government representatives remarks

4:10 Info Only

A5. Approval of proposed Faculty Senate Meeting minutes of February 28, 2018 https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/minutes-February.pdf

[Unanimously approved by the GWC.]

4:15 VOTE

A6. Approval of today's agenda VOTE

A7. Other announcements 4:20 Info Only

B. General Matters

B1. Unanimous Consent Agenda [No objections from GWC.] [Unless there is an objection, these materials will be submitted and approved on documents only. Hearing no objections, legislation will be written for this item.]

1) Revised Faculty Senate Submission Proposal Guidelines to Include Disestablishments and Updated Examples of Proposals – Robyn Hardeman (Secretary, Faculty Senate) https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Proposal-submission-specs.pdf

Business School Proposals:

2) Revision to the BA in Economics Program – Esteban Petruzzello https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-ECO-curriculum-change.pdf

3) Curriculum Change for the Master of Accounting – Patricia Abril https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-Master-Accounting-Curriculum-Change.pdf

4) Master of Science in Taxation Curriculum Change – Patricia Abril https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-Master-Science-taxation-Curriculum-Change.pdf

5) Termination of the International Finance and Marketing Major – Sandro Andrade https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-IFM_TerminationProposal_FacultySenate.pdf

4:25 Any Objections?

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/complete-pkg.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/complete-pkg.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/minutes-February.pdf



https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Proposal-submission-specs.pdf




https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-ECO-curriculum-change.pdf



https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-Master-Accounting-Curriculum-Change.pdf



https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-Master-Science-taxation-Curriculum-Change.pdf



https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/Bus-IFM_TerminationProposal_FacultySenate.pdf



Box:R\Senate\17-18\Maarch-agenda

B2. Roadmap Initiative / Strategic Plan Overview and Discussion – President Julio Frenk

4:30 Discussion

B3. Annual Review and Recommendations of Centers and Institutes - Provost Jeffrey Duerk

5:00 VOTE

B4. Proposal to Revise the UM Mission Statement – Provost Jeffrey Duerk https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/UM-MisionStatementV4-GWCx%202-Clasby-Duerk.pdf

[As vetted through the GWC, OAA, Dr. E. Clasby and the Provost.]

5:10 Discussion

B5. Information of Active Shooting on Campus Training – Matthew Shpiner (Director, Emergency Management)

5:25 Information

B6. Proposal for a new Undergraduate Major in Interactive Media, School of Communication – Paul Driscoll https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/comm-major-interactive-media-with-form.pdf

[3/7/18-Approved by the GWC pending review by the UCC of the Major for STEM classification.]

5:35 VOTE

B7. Selection of the Nominating Committee for Next Year’s Slate of Officers Relevant Section from the Faculty Manual: “B3.6 At the March meeting of the Senate, a Nominating Committee for the Chair and the Vice-Chairs shall be formed, elected by the Senate or appointed by the Chair, as determined by vote of the Senate.”

5:45 VOTE

B8. Addition to the Faculty Manual Section C20 – Academic Counsel Confidentiality Provision – JoNel Newman (Second Vice Chair, Faculty Senate) https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/FM-C20-Confidentiality-provision-with-GWC-GC-revisions.pdf

[Unanimously approved by the GWC.]

5:55 VOTE

C. Other Business 6:05 Information

D. Executive Session * Voting Senators only

D1. Update on Recent Action by the GWC 6:10 Information

E. Adjournment

6:20 VOTE

* Voting Senators consist of the elected Officers and Regular Senate members, or an Alternate Senate member who is taking the place of an absent Regular Senate member.

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/UM-MisionStatementV4-GWCx%202-Clasby-Duerk.pdf



https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/comm-major-interactive-media-with-form.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/comm-major-interactive-media-with-form.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/17-18-senate/9-March-business-18/FM-C20-Confidentiality-provision-with-GWC-GC-revisions.pdf




Item A5

“Proposed Faculty Senate minutes of February 28, 2018” 3/21/18 FS agenda

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Box:R\ \Senate\ 17-18\H-March\minutes-February.docx

UNIVERSITY OF MIAMI FACULTY SENATE

The John Knoblock Faculty Senate Office Ashe Administration Building, #325 1252 Memorial Drive Coral Gables, FL 33146

[email protected] web site: www.miami.edu/fs P: 305-284-3721 F: 305-284-5515

February 28, 2018

Proposed Faculty Senate Minutes

The meeting, held in the Faculty Club of the Whitten University Center, Coral Gables Campus, opened at 3:33 p.m. CHAIR’S REMARKS Senate Chair Tomás Salerno mentioned that the January Senate meeting was held at the beautiful Rosenstiel Marine campus. It is a one time per year meeting on that campus, and an opportunity to see what another campus of the university is doing. The campus has a nice bar and restaurant that the chair invited members to go to after the meeting. He noted his regrets for those who were not able to attend. The President is currently out of town, and therefore not able to attend today’s meeting. The Chair announced that based on some important discussion at the last Senate meeting in Executive Session, the General Welfare Committee (GWC) is planning an afternoon retreat tentatively for Wednesday, May 2, for all Senate members. Senate, GWC member and Professor of Management, John Mezias, agreed to facilitate this Retreat. Details will be forthcoming He also reminded members that the meeting hosted by the President originally scheduled for March 28, has been moved to the following week, Wednesday, April 4, still on Medical Campus. He asked members to hold the Wednesday, March 28 date for an evening event, to be announced shortly. Also, the Senate Awards Ceremony is scheduled for Monday, April 16 at 5 p.m., in the Newman Alumni Center. The doors and the bar open at 4:30 p.m. He reminded members of the importance of their attending this Faculty Senate event, which showcases the exceptional faculty at UM. He invited members to bring a guest, and to join us in this celebration. The Chair asked that any members who are interested in volunteering to serve as Faculty Senate Banner Marshals at commencement for Thursday and Friday, May 10 and 11, to please let me know. He announced the following accomplishment of Senate member Dr. Giselle Guerra, from the Miller School of Medicine, who will be honored at the Miami Dade County 30th Annual “In the Company of Women Awards” with the “Health & Human Services Award.” There was a round of applause for Dr. Guerra. He asked attendees to be sure to send the Senate office notices of faculty accolades, so he can make announcements and we can all be proud of and recognize our members.

mailto:[email protected]

http://www.miami.edu/fs


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In collaboration with the Provost, the GWC will be forming an ad hoc committee to review the academic calendar beginning with 2019-2020. A hybrid-committee will be formed with members selected by the administration and the Faculty Senate Chair.

Two notification items came forward with no objections from the last GWC meeting and will not be written as legislation: Proposal to Revise the Master of Music Degree in Music Education with Teacher Certification, Frost School of Music. He explained that all Senate required documents were received in order to comply with NASM-mandated MM program requirements. The proposal is for students to complete a comprehensive project as part of the capstone experience and make an oral presentation about this project to music education faculty. The GWC had asked for additional consultation with the School of Education and Human Development. This was done by the proponents, and a memo was sent to the Faculty Senate office for inclusion in the final package of materials. There were no objections to this notice. Notice of Change in Credit hours Due to the Change in the Business School Program, School of Communication. The School of Communication program partners with the Business School curriculum. Due to recent changes in the Business School curriculum, the total number of credits are being reduced from 34 to 32 credits. There were no objections to this notice. The Senate Chair also announced that the GWC approved for review and input by the administration and General Counsel, a proposal to add provisions to the Faculty Manual to outline an Academic Counsel’s role relating to confidentiality. This item will come to the Senate for approval once a final version is ready. The GWC received a progress report from the Department as requested in Legislation #2012-43(B) – “Establishment of a PhD in Industrial Biochemistry and Molecular Biology, Miller School of Medicine,” from Stephen Lee (Director, Industrial PhD Program). This does not need Senate approval, but serves as notice that the department has met their obligation. The GWC requested another report in four years’ time.

The Chair announced for Senate information, that the Graduate School conducted a review of the Industrial Engineering and the Mechanical and Aerospace Engineering Graduate Programs, and copies of each are available in the Senate Office, for anyone who would like to review them. Lastly, he announced the World Happiness Summit will be held this year from March 16 to March 18. Members will be sent more information via email. # APPROVAL OF MINUTES OF JANUARY 31, 2018 A motion was made, seconded, and the minutes were approved unanimously.


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STUDENT GOVERNMENT REPRESENTATIVES’ REMARKS There were no representatives present. # APPROVAL OF TODAY’S AGENDA A motion was made, seconded, and the agenda was approved unanimously. OTHER ANNOUNCEMENTS There were none. PROVOST’S REMARKS Provost Jeffrey Duerk invited all attendees to happy hour at the Rathskeller immediately following today’s meeting. He explained that SACS-COC representatives were on campus for an on-site visit, currently conducting interviews. Specifically, they were looking for documentation while on-site. The Provost reminded members that the President would be presenting the University’s Strategic Plan at the March 21 Senate meeting. He noted that it contained no surprises; the first part deals with operational initiatives, and the second part contained transformational initiatives, such as access for excellence, interdisciplinary research, and the like, trying to put quantitative aspects onto how the university will look in 2025. Lastly, he noted that the plan should be dynamic, and updated as goals are met or as things change. The Provost gave kudos to College of Engineering Senate member James Tien for the recently held joint regional symposium of “Engineering and Medicine: A Critical Partnership in Technology.” The Provost explained that a salary analysis was recently completed that should be ready for review at a future Senate meeting. Also, the undergraduate enrollment is very high, and the residential colleges are almost at full capacity. There were a record number of applications for the approximately 2000 positions for fall 2018 enrollment. This allows UM to recruit the best possible talent and make competitive offers. The Provost introduced Executive Vice President for Finance and Chief Operating Officer Jackie Travisano. She announced that there have been several very good candidates interviewed for the open VP of Human Resources position, but the search is not yet concluded. She may appoint an interim VP until a permanent candidate can be appointed. A Senate member reiterated his request to seek candidates whose style of management and practices reflect the university’s culture transformation aspirations. The Provost outlined policies that are currently being reviewed:

1) Annual salary percentage increases for faculty currently on parental leave; 2) The Conflict of Interest Policy – the university needs to ensure that faculty and staff are

appropriately notifying the administration of any issues; 3) The inconsistency of how faculty are reviewed across campus, that is faculty activities,

scholarly activities, and the like; and


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4) Pets on campus policy was an issue left from the former administration. Policies were delineated for students, but not for faculty or staff.

Vice Provost for Faculty Affairs David Birnbach summarized the activities of the ad hoc committee formed last year to consider an animals on campus policy. A policy was drafted, and reviewed by the university’s General Counsel. Since then, additional complaints continue and have become a larger issue than it has been in the past as outlined by Vice President of Student Affairs Patricia Whitely and School of Law Dean Patricia White. It was pointed out that service dogs are excluded from the policy. The issues fall mainly within three areas, 1) danger of poorly-trained animals acting aggressively, 2) allergic reactions by university constituents, and 3) cleanliness issues, since the janitorial staff do not clean or remove messes caused by animals. The Senate Chair pointed out that the Provost was mentioning this matter to get input and feedback from the members; it was not up for a vote. There was much discussion and members raised the following concerns including the request that when it comes back to the Senate as an agenda item, that the policy be included in the materials for review, that in addition to being an environmental matter, it was debated that the Senate has purview over such matters, and that policies need to be effectively communicated to all constituents. The Chair reminded members that the Provost was asking for input, and will return at another meeting for further discussion. INTRODUCTION OF AND REMARKS BY JOSH M. FRIEDMAN, SENIOR VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS The Senior Vice President gave an overview of his background having come from Arizona State, and having held various roles in fund-raising. He noted UM’s past great success at fund-raising, and his pleasure at being at UM. Executive VP and COO Jackie Travisano noted that next year’s budget would be sent shortly to the Executive Committee of the Board of Trustees. She thanked the deans for working collaborative with her office on this matter. She noted that she looks forward to returning to the Senate to review the budget. General Matters UNANIMOUS CONSENT AGENDA [Unless there is an objection, these materials are submitted and approved on documents only. Legislation will be written for this item pending no objections.] # PROPOSAL FOR A 5-YEAR BACHELOR OF SCIENCE / MASTER OF SCIENCE DEGREE IN CHEMISTRY, COLLEGE OF ARTS AND SCIENCES There were no objections to this proposal from the GWC. There were no objections to this proposal.


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# DISCUSSION OF POSSIBLE REVISION OF THE UNIVERSITY MISSION STATEMENT IN RESPONSE TO SACS-COC REAFFIRMATION AND BOARD OF TRUSTEES SELF-ASSESMENT The Senate Chair noted that there had been robust discussion of the proposed draft of the mission statement sent by the Provost. A subcommittee of the GWC was formed to revise the draft, further revised by the Provost, and was then sent to GWC members. It was approved by majority, with multiple comments. The Provost outlined that this item was time sensitive, and that currently UM is not in compliance with SACS-COC guidelines. A robust discussion ensued. A motion was made, seconded, and approved to separate the approval into two parts, 1) the mission statement sentence, and 2) the expanded explanation. A motion was made, seconded, and approved by majority with 1 against and 1 abstain to approve the first sentence (The mission of the University of Miami is to transform lives through education, research, innovation, and service.) A motion was made, seconded, and approved by majority with 1 against and 1 abstain to refer the item back to the GWC for revisions within the timeframe needed and with consultation with the Provost. The Provost offered to consult with Senate member Eugene Clasby on the redrafted version. # UPDATE ON NEW PARKING POLICY FOR CORAL GABLES CAMPUS Parking Director Richard Sobaram outlined his extensive efforts to consult with all impacted constituents as requested by the Faculty Senate at a past meeting, and reported that it had netted some unpredictable and valuable information. Based on this feedback, the policy was redrafted, and although it will not satisfy every point raised, he feels that it adequately touches on the concerns. The new policy will charge for night and weekend parking, but instead of being initiated in the summer with the new fiscal year, it will begin in the fall, to conform to an academic year. The parking director was complimented for his thorough consultations, the exemplary manner in which the policy is being rolled-out, and the fact that plenty of notice is being given. This statement was followed by a round of applause. A member noted that she has submitted a parking fee proposal for the GWC’s consideration to address the issue of cost equity. Other members gave examples of past experiences with parking. There was a motion to extend the time for discussion by ten minutes. The motion did not pass by majority. # PROPOSAL TO REVISE THE FACULTY MANUAL SECTION A13.5 ON DEAN EVALUATIONS TO AMEND THE LANGUAGE TO REFLECT 5-YEAR APPOINTMENTS Second Vice Chair JoNel Newman explained that this issue was brought to our attention last year, in that deans are on five-year contracts, and as such the timing is not suited to a four-year review cycle. The change is being requested so that the review period is in sync with the contract period.


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A motion was made, seconded, and approved by majority with 1 against. ADJOURNMENT A motion was made, seconded, and approved with no objections to adjourn at 5:10 p.m. Respectfully submitted, Robyn Hardeman Secretary of the Faculty Senate Elected Senate officers: Tomás Salerno, Chair; Linda Neider, First Vice Chair; JoNel Newman, Second Vice Chair # Background materials included with hard-copy minutes.

Consensus Agenda

Item 1

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RBOX:RS\webpage\Casecade docs\Proposal-submission-specs.docx

Faculty Senate

Proposal Submissions Specifications (Note: Other offices may request a different set of information for their approval.

Proposals are to include a completed Proposal Submission Form.)

Table of Contents (This list is not inclusive, for specific questions, please contact the Faculty Senate office, [email protected].)

I. How to Submit A. Mandatory Memoranda and Format B. Charts Explaining What Actions Require Approval, Notification, or Contact with the

Faculty Senate 1. Schools and Colleges 2. Department, Programs, and Certificate Programs 3. Degrees, Majors, Minors, and Tracks, or the equivalent and any curricula

changes 4. Centers and Institutes

II. Approval Process A. Senate Approval Process B. Required Approval Process C. Post Approval Process

III.II. Helpful Tips and Examples A. General Considerations and Notes B. Examples

http://fs.miami.edu/_assets/pdf/facultysenate/Documents/proposal-submission-form-1.pdf


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I. HOW TO SUBMIT A. Mandatory Memoranda and Format for submission of proposals requiring

Faculty Senate Notification and/or Approval

Each proposal submitted to the Faculty Senate Office must include the following memoranda and materials in this order. If any of the required memorandum or materials listed below are not, in your opinion, relevant, then include on the Submission Formwith the applicable title, a brief explanation of your conclusion regarding its lack of relevance and reasons for its omission. The applicable title must precede each section and each page is to be numbered at the bottom. Only proposals conforming to this format will be accepted.

1. A completed Proposal Submission Form that includes the name of the proposal and the name(s) and contact information for key contact personnelall required documents.

2. Letter of explanation

3. A memo from the dean(s) signifying approval of the faculty of the relevant School(s)/College(s) • See General Considerations and Notes for additional guidance “Helpful Tips and Examples.”

4. A memo that all affected or relevant school or college council(s) have approved. 5. A memo from the department chair(s) signifying approval of the faculty of the

relevant department(s) • See General Considerations and Notes for additional guidance under “Helpful Tips and Examples.”

6. A memo from the Office of Accreditation and Assessment (OAA) if the proposal involves academic programs (degrees, certificates, majors, minors, concentrations, specializations, tracks, etc.) such as new programs, closing programs, or program changes (such as changes in requirements, program length, modality, name, location).

7. A memo from the Graduate School Dean signifying approval of the Graduate Council (for graduate programs only, and excluding Law and Medical Education Program).1

8. Academic Deans Policy Council (ADPC) approval (for interdisciplinary issues only).

9. Additional required documents as listed below (include in the order as listed).

1 Graduate degree/program will be effective upon Board of Trustees approval.

http://fs.miami.edu/_assets/pdf/facultysenate/Documents/proposal-submission-form-1.pdf

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Faculty Senate Required Notification or Approval Note: All of the topics listed below require Departmental and/or School/College approval. However, this list is not all-inclusive, and the Faculty Senate Office, Graduate School, Office of Assessment and Accreditation (formerly the Office of Planning, Institutional Research, and Assessment (PIRA)), Academic Deans Policy Council (ADPC), and Board of Trustees may require additional notification or approval, especially for matters affecting the entire University and infrequent actions.

B. The charts below explain which actions require Faculty Senate Approval, Faculty Senate Notification, and Contact with the Faculty Senate for further instructions. 1. Additional Requirements for Schools and Colleges:

Faculty Senate Approval Required

Faculty Senate Notification Required2

Contact Faculty Senate Office for Further Instructions

Schools and Colleges

• Establish or dis-establish • EDUCATOR FACULTY number: authorization or change within School/College3 • Name change

• Appoint ad hoc committee for Schools/Colleges faculty promotion and/or tenure • Change in school-level general educationdegree requirements4

a. For submission of proposals for the establishment of new Schools and Colleges, proponents need to provide to the Faculty Senate Office:

i. All applicable memoranda as outlined in Section I of these Guidelines.

ii. A 2-3 page executive summary

iii. A highly detailed description of each of the following with the applicable title preceding each section: - The mission (purpose and goals), - Market analysis/demand, and - An assessment of library collections and a detailed budget. (Do not include individual names on the budget, only titles. The budget is to be printed on a separate page to facilitate easy removal during the publication process.)

iv. A memo from the dean(s) and/or Provost indicating approval of the proposed budget.

2 See Section I, “Mandatory Memoranda and Format,” for required documents 3 Prior to approval, it is recommended that: (i) the full voting faculty of the School/College ratifies the change and (ii) the School/College provides an explanation of any additional requirements for appointing EDUCATOR FACULTY with the title of professor, if applicable. Alternatively, the School Council may ratify the change if an annual vote by the full voting faculty if authorizesd by the School Council to do so. 4 At issue here are School-level requirements, not the University’s General Education Requirements.

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v. For proposals pertaining to the establishment of a new school, a document specifying the makeup of the initial School Council (Faculty Manual section A5.1).

b. For submission of proposals for the dis-establishment of Schools and Colleges, proponents need to provide to the Faculty Senate Office:


ii. A memo explaining the reason for the dis-establishment and the number of students, if any, currently enrolled in the School or College.

c. For submission of proposals to authorize or change the number of EDUCATOR FACULTY, proponents need to provide to the Faculty Senate Office:

i. An explanation from the dean signifying approval of the faculty of the relevant School(s)/College(s) or departments, and an explanation of how these lines are to be filled, i.e. with a national search, etc.

ii. A cap, specified by a number, of such positions with a breakdown of the number by department, for departmentalized schools.

iii. Compare the number to the number of tenure/tenure-track lines.

iv. A definition of the positions by department and include for each department the descriptive modified professorial title, the requisite qualifications and duties that identify the professional practice.

d. For submission of proposals for name changes of existing Schools and Colleges, proponents need to provide to the Faculty Senate Office:


ii. A brief memo explaining, at a minimum, the reason for the change and the standard and trend in the industry, and indicating that the new title is justified and does not result in undue overlap with titles of other existing Schools/Colleges.

2. Additional Requirements for Departments, Programs, and Certificate Programs


Faculty Senate Notification Required


Departments and Programs

• Establish, re-establish, abolish, or combine • Suspend, terminate,

inactivate, discontinue or close

• Change of modality to or from in-class, distance learning, or online learning5.

• Suspend or freeze the admission of new students

5If there are any changes to the program, including in faculty members, curriculum, credit hours, or admission requirements, Senate approval will then be required.

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Certificate Programs6

• Establishment or disestablishment of programs for undergraduate students giving University credit and the majority of the credits are taken through distance learning. • Establishment or disestablishment of programs giving University credit, where enrollment is open to students outside the University, or students from outside the undergraduate or graduate/professional. school degree program.

• Establishment or disestablishment of programs within a school, restricted to students within a major, or students in a graduate/professional school degree program. • Establishment or disestablishment of programs intended for persons not enrolled in the University, and who do not receive credit. • Change of modality to or from in-class, distance learning, or online learning.

a. For submission of proposals for the establishment or re-establishment (when previously suspended) of new Departments, Programs, and Certificate Programs, proponents need to provide to the Faculty Senate Office:


ii. A 2-3 page executive summary.

iii. A description of each of the following with the applicable title preceding each section: - The mission (purpose and goals). - Market analysis/demand. - An assessment of library collections and a detailed budget (Do not include individual names on the budget, only titles. The budget is to be printed on a separate page to facilitate easy removal during the publication process).


v. For proposals pertaining to the establishment of a new department, a document specifying the makeup of the initial Consultative Committee for the appointment of a department chair (Faculty Manual section A13.2).

b. For submission of proposals for the closing, termination, suspension or abolition of Departments, Programs, and Certificate Programs, proponents need to provide to the Faculty Senate Office:

6 Legislation #2013-26(B)

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ii. A brief memo explaining the reason for the abolition and the number, if any, of students currently enrolled in the Department, Program, or Certificate Program.

c. For submission of proposals for name changes of existing Departments, Programs, and Certificate Programs, proponents need to provide to the Faculty Senate Office:


ii. A brief memo explaining, at a minimum, the reason for the change and the standard in the industry, and indicating that the new title is justified and does not result in undue overlap with titles of other existing departments or programs.

d. For submission of proposals for the combination of existing Departments, Programs, or Certificate Programs, proponents need to provide to the Faculty Senate Office:


ii. A detailed memo explaining, at a minimum, the reason for the combination, indicating that the title of the newly combined Department/Program/Certificate is justified and does not result in undue overlap with titles of other existing departments, programs or certificates, and indicating compliance with all relevant provisions outlined in Section A11 of the Faculty Manual.

e. For submission of proposals for the transfer of a Department from one School/College to another School/College, proponents need to provide to the Faculty Senate Office:


ii. A detailed memo explaining, at a minimum, the reason for the transfer and indicating compliance with all relevant provisions outlined in Section A11 of the Faculty Manual.

3. Additional Requirements for Degrees, Majors, Minors, Tracks or equivalent, and curricula changes


Faculty Senate Notification Required


Degrees, Majors, Minors, Tracks or the equivalent, curricula changes

• Establish, re-establish, abolish, or combine degree. • New major/minor.

• New undergraduate course7. • Inactive status for major/minor.

• New track for major/minor. • Reactivate major/minor.

7 Notification is to the Faculty Senate’s University Curriculum Committee

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• Joint/dual degree: establish with institution outside UM. • Name change (degree only).

• Change of modality to or from in-class, distance learning, or online learning.

• Joint/dual degree.8 • Streamline two-degree programs (same or multiple Schools/Colleges). • Name Change (majors/minors). • Change Credit Hours for an Existing Major or Minor. • Curricula changes.

a. For submission of proposals for the establishment (or the re-establishment of previously suspended) of new Degrees, proponents need to provide to the Faculty Senate Office:


ii. For Graduate Degrees and Certificate Programs (excluding Law and Medical Education), comply with the requirements contained in http://grad.miami.edu/graduate-education/procedures-for-program-changes-revised-april-2017-tp.pdf .

iii. A 2-3 page executive summary

iv. A description of each of the following with the applicable title preceding each section: - The mission (purpose and goals). - Market analysis/demand. - An assessment of library collections and a detailed budget (Do not include individual names on the budget, only titles. The budget is to be printed on a separate page to facilitate easy removal during the publication process).

v. A memo from the dean(s) and/or Provost indicating approval of the proposed budget.

b. For submission of proposals for the establishment (or the re-establishment of previously suspended or inactive) Majors, Minors and Tracks, proponents need to provide to the Faculty Senate Office::

8 The Faculty Senate Office will require a statement of what, if anything has changed with the joint degrees. A proposal to establish a Joint or Dual Degree that seeks to combine existing degrees without substantive change only requires written notice to the Faculty Senate Office. All other proposals must contain all applicable documentation as outlined in Section I of these Guidelines.

http://grad.miami.edu/graduate-education/procedures-for-program-changes-revised-april-2017-tp.pdf


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ii. A memo explaining, at a minimum: - The reason for the establishment or reestablishment - An assessment of the program’s purpose and goals. - A description of the market analysis and demand in the job market for graduates in the field. (See General Considerations and Notes under “Helpful Tips and Examples” for additional guidance).

c. For submission of proposals for the suspension, closure, abolition or discontinuation of Graduate or Undergraduate Degrees, Majors, Minors or Tracks, proponents need to provide to the Faculty Senate Office:

i. All applicable memoranda as outlined in Section I of these Guidelines

ii. A brief memo explaining the reason for the abolition and the number, if any, of students currently enrolled in the Degree, Major, Minor or Track • See General Considerations and Notes under “Helpful Tips and Examples” for additional guidance.

d. For submission of proposals for name changes of existing Majors, Minors, Tracks and Graduate or Undergraduate Degrees, proponents need to provide to the Faculty Senate Office:


ii. A brief memo explaining the reason for the change and the standard in the industry, and indicating that the new title is justified and does not result in undue overlap with titles of other existing degrees.

e. For submission of proposals for the combination of existing Graduate or Undergraduate Degrees within the same school or college, proponents need to provide to the Faculty Senate Office:


ii. A detailed memo explaining, at a minimum, the reason for the combination, and indicating that the title of the newly combined Degrees is justified and does not result in undue overlap with titles of other existing degrees • See General Considerations and Notes under “Helpful Tips and Examples” for additional guidance.

iii. The title preceding a brief outline of budget implications, if any.

f. For submission of proposals for the establishment of a Graduate or Undergraduate Joint Degree between two or more schools or colleges, proponents need to provide to the Faculty Senate Office:

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iii. A description of each of the following with the applicable title preceding each section: - The mission (purpose and goals). - Market analysis/demand. - An assessment of library collections and a detailed budget (Do not include individual names on the budget, only titles. The budget is to be printed on a separate page to facilitate easy removal during the publication process). - See General Considerations and Notes under “Helpful Tips and Examples” for additional guidance.


g. For submission of proposals for the establishment of a Graduate or Undergraduate Dual-Degree with an institution outside the University of Miami, proponents need to provide to the Faculty Senate Office:



iii. A description of the mission (purpose and goals), market analysis/demand, an assessment of library collections and a detailed budget (Do not include individual names on the budget, only titles). The budget is to be printed on a separate page to facilitate easy removal during the publication process.

Iviii.. A description of each of the following with the applicable title preceding each section: - The mission (purpose and goals). - Market analysis/demand. - An assessment of library collections and a detailed budget (Do not include individual names on the budget, only titles. The budget is to be printed on a separate page to facilitate easy removal during the publication process).

iv. A memo from the Provost or the President of the outside institution indicating support for the proposal.

4. Additional Requirements for Centers and Institutes

Centers and Institutes

• Charter revision9

• Name change

9 This only applies to University-wide Centers/Institutes.

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• Establish10 or disestablish

For information on guidelines for Centers and Institutes, please see: https://fs.miami.edu/_assets/pdf/facultysenate/Documents/CentersInstitutesGuidelines.pdf

II. APPROVAL PROCESS A. Senate Approval Process

1. Submission of the proposal to the General Welfare Committee. The proposal must be received in electronic form at least 9 days in advance of the relevant General Welfare Committee meeting. Visit https://fs.miami.edu for a list of meeting dates and proposal deadlines. The proponent should assume that the General Welfare Committee has already reviewed the document, and thus give a brief oral summary only of the proposal.

2. Upon the recommendation of the General Welfare Committee, the proposal will be placed on the Senate agenda. A proponent should be present at the Faculty Senate meeting to answer questions and to present a brief summary of the proposal if requested. Visit https://fs.miami.edu for a list of meeting dates. The Senate may require two readings, but often waives the second reading.

3. Approval of the proposal by the Faculty Senate as Class B legislation will be forwarded to the President by the Faculty Senate Chair.

B. Required Approvals Beyond the Faculty Senate Office

1. Approval of the President.

2. Approval of the Academic Affairs Committee and the Executive Committee of the Board of Trustees (for new or revised programs, new or revised degrees, and University-wide Centers and Institutes).

3. Approval of the Academic Deans’ Policy Council (for University Center and Institute charters only, see Faculty Manual Section B6.5).

C. Post-Approval Review

1. The Provost, after consultation with the Graduate School, shall report to the Senate on the status of new graduate programs within three years of their establishment (per Legislation #95012(D)).

10 See Faculty Manual, sections B6.5, B6.6 for provisional status for Centers/Institutes.

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/CentersInstitutesGuidelines.pdf

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2. Periodic five year reviews may be conducted on all other programs as required by the Faculty Manual or as deemed appropriate by the Faculty Senate or the Executive Vice President and Provost (see Faculty Manual section C18.2.3).

III. HELPFUL TIPS AND EXAMPLES

A. General Considerations and Notes:

1. It is also often helpful for schools and colleges to consult informally with the General Welfare Committee and/or Faculty Senate Officers prior to making a formal presentation.

2. These proposal guidelines are general and illustrative. They may vary depending on the particular type of proposal being submitted and additional information may be requested.

3. The amount of detail required for proposals will depend on the context. For example, more detail is required for a proposal for a new degree than for a major, and less yet is required for a new minor.

4. In addition to Faculty Senate action, some of these actions require the formal approval of the Graduate School Council, Office of Assessment and Accreditation (formerly the Office of Planning, Institutional Research, and Assessment (PIRA)), the Academic Deans Policy Council (ADPC), and/or the Board of Trustees.

5. It is often helpful to the Senate and the proposing unit if, at an early stage, informal consultations are held with the Faculty Senate Office. A pre-proposal discussion with the General Welfare Committee is also helpful, particularly if the proposal is complex or may involve some controversy.

6. Although the Faculty Senate Office requires all proposals to be submitted with a memo from the department chair(s) signifying approval of the faculty of the appropriate department(s) and a memo from the dean(s) signifying approval of the faculty of the appropriate School(s)/College(s), this requirement is not meant to provide the relevant faculty with veto power over proposals. The Faculty Senate Office is simply seeking a letter expressing the relevant faculty’s views on the proposals.

7. While not a literal requirement, the Senate strongly prefers to see letters of support from Deans, Department Chairs, or heads of other units that might be affected. This does not mean that other units have a veto over new units or programs. Nevertheless, avoiding pointless overlap and confusing unit and program names is a consistent Senate concern, which is largely alleviated by such support letters.

8. When a proposal is a major one, it is often helpful, particularly for a presentation to the Senate itself, if the presenters are the Dean and the most directly involved faculty member.

9. If CVs are included in a proposal, please send these as a separate document.

B. Examples

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To view previously approved proposals, see the following legislations: NEW EXAMPLES:

1) 2017-18(B) - Change the Name of the Miami Global Executive Master of Business Administration (MBA) for the Americas Program TO the Global Executive MBA Program, Business School https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-19B-Bus-name-change-restruct-cert-bus-admin.pdf

2) 2017-12(B) – Creation of a New Master’s Degree in Athletic Training (MSAT), School of Education and Human Development https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-12B-%20Ed-Creation-of-New-Masters-Degree-Athletic-Training.pdf

3) 2017-07(B) - Simplification of the Name of the School of Business Administration TO the Business School https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-07B-Bus-school-name-simplification.pdf

4) 2015-12(B) - Establishment of the Department of Interventional Radiology, Miller School of Medicine https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2015-Legislation/2015-12B-med-dept-interventional-radiology.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-19B-Bus-name-change-restruct-cert-bus-admin.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-19B-Bus-name-change-restruct-cert-bus-admin.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-12B-%20Ed-Creation-of-New-Masters-Degree-Athletic-Training.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-12B-%20Ed-Creation-of-New-Masters-Degree-Athletic-Training.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-07B-Bus-school-name-simplification.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2017-legislation/2017-07B-Bus-school-name-simplification.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2015-Legislation/2015-12B-med-dept-interventional-radiology.pdf

https://fs.miami.edu/_assets/pdf/facultysenate/Documents/2015-Legislation/2015-12B-med-dept-interventional-radiology.pdf

Consensus Agenda

Item 2

Proposal Submission Checklist

Proposals are to be submitted to the Office of Assessment and Accreditation (OAA), if applicable, the Graduate Council (for graduate programs excluding Law and Medical), if applicable, and the Faculty Senate. Refer to the Procedures for Program Changes document for information on the approvals and notifications needed for program changes and the Proposal Submissions Specifications document for an explanation of the process and a list of the materials required. (Please note that change approvals can take 2 semesters to complete.) Include this checklist at the beginning of each proposal. (Complete the information below, save the form as a pdf, and insert it with the background materials that are specified, in the order listed, and send the package electronically as noted above.)

KEY CONTACT PERSONNEL INFORMATION

First Name Last Name Proponent's Title

Department, if applicable School/College

E-mail Phone

Title of Proposal

(-continue to next page-)

"Business - Economics curriculum change" 3/21/18 FS Agenda

1 of 11


http://fs.miami.edu/_assets/pdf/facultysenate/Documents/proposal-submission-specs.pdf


MANDATORY MEMORANDA AND FORMAT

Please check that each item listed below is included in the proposal package of materials, in the ORDER as listed. The applicable title (i.e. Letter of Explanation, Memo from the Dean, etc. ) is to precede each section in the materials. Only proposals conforming to this format will be accepted. 1. This completed checklist.

2. Letter of explanation. (2-3 pages only, double spaced, 12 pt font)

Yes No

If no, explain why.

3. A memo from the dean(s) signifying approval of the faculty of the relevant School(s) / Colleges(s).

Yes No

If no, explain why.

4. A memo that all affected or relevant School / College Council(s) have approved.

Yes No

If no, explain why.


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5. A memo from the department chair(s) signifying approval of the faculty of the relevant department(s).

Yes No

If no, explain why.

6. A memo from the Office of Accreditation and Assessment (OAA) if the proposal involves academic programs (degrees, certificates, majors, minors, concentrations, specializations, tracks, etc.) such as new programs, closing programs, or program changes (such as changes in requirements, program length, modality, name, location). (To be submitted by OAA to the Graduate Council or the Faculty Senate, as appropriate.)

Applicable Not applicable.

If not, explain why.

7. A memo from the Graduate School Dean signifying approval of the Graduate Council (for graduate programs only). (To be submitted to the Faculty Senate by the Graduate Council.)

Applicable Not applicable.

If not, explain why.

8. Academic Deans Policy Council (ADPC) approval, for interdisciplinary issues and as appropriate. Please consult with the Dean of the Graduate School or the Secretary of the Faculty Senate to check if this is needed.

Yes No


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If no, explain why.

9. Additional required documents as listed on the "Proposal Submissions Specifications," i.e. market analysis, budget information, assessment of library collections, etc. as specified.

List additional documents included.

End form.


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Letter of Explanation

1. Proposed change: We would like to increase the credit hours required in the Economics Major for

A&S students from 24 to 30. We propose to include an additional required course (ECO 430 Applied

Econometrics) and an additional elective course.

2. Existing curriculum and proposed change:

People and Society track Current Proposed Credits 24 30 Required courses

211 Micro principles 212 Macro principles 300 or 302 Micro theory 303 Macro theory

211 Micro principles 212 Macro principles 300 or 302 Micro theory 301 Macro theory, writing credit course (only for A&S) 430 Applied econometrics

Electives 4 courses (at most 2 STEM courses)

5 courses (students that have taken ECO 302 can take at most 2 STEM courses; students that have taken ECO 300 can take at most 3 STEM courses)

STEM track

Current Proposed Credits 24 30 Required courses

211 Micro principles 212 Macro principles 302 Micro theory 303 Macro theory

211 Micro principles 212 Macro principles 302 Micro theory 301 Macro theory, writing credit course (only for A&S) 430 Applied econometrics

Electives 4 STEM courses 5 courses (at most 1 P&S course)

3. Effective date: Fall 2018.

4. Discuss impact (if any) on faculty resources: None.

5. Reason for change: We would like to make the Economics Major for A&S students more rigorous

increasing the credit hours required to bring it closer to the average A&S major. In addition, we would

like to incorporate econometrics as a requirement to better equip our students for their future plans.


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6. Benchmarking: The overwhelming majority of peer and aspirational institutions that offer Economics

majors for Arts & Sciences students have at least one econometrics class as a required course. This is

the case both in institutions in which the Department of Economics is part of the School of Business

and institutions in which it is part of the College of Arts and Sciences.

Some universities that require an econometrics course for the Economics major:

• UC Berkeley (https://www.econ.berkeley.edu/undergrad/current/major-requirements)

• Emory (http://economics.emory.edu/home/undergraduate/major_minor_requirements.html)

• Florida State (https://coss.fsu.edu/economics/node/3)

• Washington University in St. Louis (https://economics.wustl.edu/undergraduate/major/major-requirements)

• Yale (https://economics.yale.edu/undergraduate/courses/course-requirements-econ)

• Northwestern (https://www.economics.northwestern.edu/undergraduate/major/)

• Boston College (https://www.bc.edu/bc-web/schools/mcas/departments/economics/undergraduate/major-in-

economics.html)

• Indiana (https://college.indiana.edu/academics/degrees-majors/major-guides/economics-ba.html)

• New York University (http://cas.nyu.edu/academic-programs/bulletin/departments-and-programs/department-

of-economics/program-of-study-cas-bulletin.html#major)

• Notre Dame (https://economics.nd.edu/undergraduate-program/academic-programs/economics-major/)

• Georgetown (https://econ.georgetown.edu/undergraduate/major)

• University of Southern California (http://dornsife.usc.edu/econ/ba-economics/)

• Virginia (http://economics.virginia.edu/major)

• University of North Carolina (http://catalog.unc.edu/undergraduate/programs-study/economics-major-

ba/#requirementstext)

• Cornell (https://economics.cornell.edu/major#requirements)

It should be noted that all of the aforementioned links point to Bachelor of Arts programs; Bachelor of

Science programs require even more econometrics courses (or at least the same).

7. Learning outcomes and job opportunities: Econometrics is the key quantitative method used in

economics. The ability to work with data and perform econometric analysis is extremely valuable in the job

market; the most popular jobs for graduates with a degree in Economics (market research analyst, economic


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https://www.econ.berkeley.edu/undergrad/current/major-requirements

http://economics.emory.edu/home/undergraduate/major_minor_requirements.html

https://coss.fsu.edu/economics/node/3

https://economics.wustl.edu/undergraduate/major/major-requirements

https://economics.yale.edu/undergraduate/courses/course-requirements-econ

https://www.economics.northwestern.edu/undergraduate/major/

https://www.bc.edu/bc-web/schools/mcas/departments/economics/undergraduate/major-in-economics.html

https://www.bc.edu/bc-web/schools/mcas/departments/economics/undergraduate/major-in-economics.html

https://college.indiana.edu/academics/degrees-majors/major-guides/economics-ba.html

http://cas.nyu.edu/academic-programs/bulletin/departments-and-programs/department-of-economics/program-of-study-cas-bulletin.html#major

http://cas.nyu.edu/academic-programs/bulletin/departments-and-programs/department-of-economics/program-of-study-cas-bulletin.html#major

https://economics.nd.edu/undergraduate-program/academic-programs/economics-major/

https://econ.georgetown.edu/undergraduate/major

http://dornsife.usc.edu/econ/ba-economics/

http://economics.virginia.edu/major

http://catalog.unc.edu/undergraduate/programs-study/economics-major-ba/#requirementstext

http://catalog.unc.edu/undergraduate/programs-study/economics-major-ba/#requirementstext

https://economics.cornell.edu/major#requirements

consultant, compensation and benefits manager, credit analyst, among others)1 require skills that would be

acquired in an econometrics course. Most Masters and Ph.D. programs in Economics have three course

sequences for the first year: Microeconomics, Macroeconomics, and Econometrics; this fact suggests the

importance that econometrics plays in our field. Leading econometricians Joshua Angrist and Jörn-Steffen

Pischke put it very clearly in their Undergraduate Econometrics Instruction paper:

Causal questions and research design (…) are now much in demand: Google and Netflix

post positions flagged by keywords like causal inference, experimental design, and

advertising effectiveness; Facebook’s data science team focuses on randomized controlled

trials and causal inference; Amazon offers prospective employees a reduced

form/causal/program evaluation track.2

Additionally, the completion of ECO 430 Applied Econometrics will allow students to be able to

understand much of the empirical literature in economics, to work with econometric software, and to

conduct independent research projects in their areas of interest. In short, we are convinced that requiring an

econometrics class is the correct step both from a purely academic perspective and also with a focus on

several employment outcomes: average salaries, internships, and students with an offer within months of

graduation.

Miguel Iraola and Esteban Petruzzello

Department of Economics

Miami Business School

1 The Balance (https://www.thebalance.com/top-jobs-for-economics-majors-2059650), Trade Schools (https://www.trade-schools.net/articles/jobs-for-economics-majors.asp); Top Universities (https://www.topuniversities.com/student-info/careers-advice/what-can-you-do-economics-degree) 2 Angrist, Joshua D., and Jörn-Steffen Pischke. 2017. "Undergraduate Econometrics Instruction: Through Our Classes, Darkly." Journal of Economic Perspectives, 31(2): 125-44.


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https://www.thebalance.com/top-jobs-for-economics-majors-2059650

https://www.trade-schools.net/articles/jobs-for-economics-majors.asp

https://www.topuniversities.com/student-info/careers-advice/what-can-you-do-economics-degree


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Memorandum from the College of Arts and Sciences Curriculum Committee

TO: Tomás Salerno, Faculty Senate Chair

FROM: Geoff Sutcliffe, Chairman of the College of Arts and Sciences Curriculum Committee

RE: Curriculum Change: BA in Economics

DATED: February 12, 2018

This memorandum confirms the support of the College of Arts and Sciences Curriculum Committee for the revised curriculum for the BA in Economics.

The revised curriculum was developed by Economics Department Chair Manuel Santos, Miguel Iraola, and Esteban Petruzzello. It was presented to the College of Arts and Sciences Curriculum Committee on Friday, February 9, 2018.

The College of Arts and Sciences Curriculum Committee supports the curricular change embodied by this proposal.

Sincerely,

Geoff Sutcliffe


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February 6, 2018 To: Tomás Salerno Faculty Senate Chair From: Manuel S. Santos Chair, Department of Economics Re: Proposal to Change the Economics Major for A&S Students Dear Tomás, The proposal to modify the curriculum in the Economics Major for A&S students has been presented electronically to the faculty on January 15, 2018. The proposal presented in the attached document has been approved unanimously. Sincerely,

Manuel S. Santos


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Consensus Agenda

Item 3

MASTER OF ACCOUNTING CURRICULUM CHANGE

Contact: Patricia Sánchez Abril, Vice Dean Graduate Business Programs

[email protected] 305-284-6999

"Business - Master in Accounting Curriuclum Change"

3/21/18 FS Agenda Page 5 of 18

Page 5 of 18

TABLE OF CONTENTS

Introduction ........................................................................................................................................... 3

Governance Letters ............................................................................................................................ 4-6

Dean of the Miami Business School ................................................................................................... 4

School Council of the Miami Business School ................................................................................... 5

Graduate Council ................................................................................................................................ 6

Office of Accreditation and Assessment ............................................................................................. 7

Master of Accounting Curriculum Change Proposal ................................................................... 8-14



Page 6 of 18

UNIVERSITY OF MIAMI

SCHOOL of BUSINESS

ADMINISTRATION

L.J Patricia Sanchez Abril

Vice Dean

Graduate Business Programs & Executive Education

Professor, Business Law

5250 University Drive

Jenkins 219

Coral Gables, Florida 33146

Ph: 305-284-6999

Fax: 305-284-6526

[email protected]

http://www.bus.miami.edu

February 26, 2018

Faculty Senate 325 Ashe Administration Building Coral Gables, Florida 33146

Dear Faculty Senate members:

The Miami Business School has undertaken a comprehensive curriculum review in an effort to improve, update, and optimize its program offerings.

The following proposal is a result of a four-month long process that began with focus groups in each of our graduate programs. Focus groups included input from faculty and staff, students, recruiters, employers, corporate partners, and our Board of Overseers.

Vice ean Graduate Business Programs Miami Business School



Page 7 of 18



Page 8 of 18



Page 9 of 18



Page 10 of 18



Page 11 of 18

MEMORANDUM

TO: General Welfare Committee Faculty Senate FROM: Patricia Sanchez Abril, Vice Dean, Graduate Business Programs Subject: Curriculum Change: Master of Accounting Date: February 6, 2018 Proposal: To restructure the curriculum for the Master of Accounting. (See attached proposal and course sequence by Dr. Michael Werner, Program Director. Background: The Master of Accounting seeks to update its curriculum. Currently the program has 65 students. Reasoning: • See attached proposal for details on specific reasoning. Resource Implications: None. Procedural History: • Ad Hoc Task Force on Graduate Business Programs – Discussed and approved 12/5/2017 • Graduate Business Programs Committee – Discussed and approved 12/5/2017 • School Council of the Miami Business School – Discussed and approved 1/12/2018



Page 12 of 18

Proposed Changes and Justification

Background

The accounting graduate program is unique in that under eertified Public Accountant (CPA.) !icensingrequirements in most states, candidates must have a minimum of 150 college credits to be eligible forlicensing. This forces accounting undergraduates to obtain a Master's degree to satisfy the CPA licensingrequirements. Accounting majors obtain most of the fundamental knowledge that they need to be

successful professionals in the undei"graduate phase of their education, which allows for greaterflexibility in the breadth and depth of courses that can be offered in the graduate program. The currentgraduate curriculum mostly contains courses that focus on accounting, auditing and taxation issues at an

advaneed level. The proposed changes seek to broaden the curriculum content b.¡ introducing ccursesthat are of contemporaneous relevance.

The new curriculum will satisfy two related objectives. First, it addresses the changed professionalenvironment in accounting and auditing that requires skills and knowledge in the use of computertechnology and data analytics. Second, the new curriculum broadens the knowledge base of ourgraduates which serves to attract more qualified applicants and also increases the placement potentialof our graduate students. The current leadership in the Business School has an ambitious plan tosignificantly expand the number of accounting graduate students. While we traditionally have had an

adequate pool of qualified applicants to expand enrollment in the program, we will be able to attractmore high-quality applicants with broader course offerings. Expanding the breadth of expertise will also

help place the additional students. Accounting firms currently recruit our students mostly for assuranceand tax services; the new curriculum will make our students more attractive for other areas such as

consulting and lT services.

Reasons for Proposed Changes

Over the past year, we have received feedback from recruiters and members of our Advisory Board thatthe accounting workplace requires professionals that are conversant with the use of data analytic tools.Accounting departments across the country have already begun restructuring their graduate and

undergraduate programs to include Data Analytics as part of their curriculum. ln the past few monthsthe Department began working closely with the Curriculum Committee of the Accounting AdvisoryBoard to redesign the curriculum to include course(s) in data analytics that will better equip ourstudents to face this íncreasing need in the accounting workplace. Although we added a new course lastyear (ACC 628: lntroduction to Accounting Analytics), we currently only have two experts in this field inthe Department of Accounting - Professors Khrystyna Bochkay and Roman Chychyla. We need to tapinto the expertise of the MAS department that currently offers courses in the area to provide a broadfoundation in statistical analysis and data analytics. Professors Chychyla and Ramnath from theaccounting department discussed this issue with Professors Guan, McGibney and Lehman from the MAS

department. Based on these discussions, three MAS courses - MAS 637, MAS 639 and MAS 648 - weredeemed to be the most relevant for accounti nø Braduates.

To create room for the data analytics courses, we have reassessed the currently "required" courses in

each of the three graduate tracks in accounting (MACC - Assurance, MACC - Corporate, and MST).

Based on a careful reassessment of the current curriculum, the graduate curriculum committee in theDepartment of Accounting has recommended changes in required courses along with modifications tothe list of elective courses (which we will now refer to as "selectives") to provide more flexibility.Selectives are courses selected by the program director to customize a student's schedule considering



Page 13 of 18

the student's career objectives as well as constraints (such as availability of particular course offerings

that year). The three MAS courses will be added to the list of selectives. Each degree program will

continue to require a total of 30 credit hours and no new courses will be created.

Master of Accounting- Assurance Track (MACC - Assurance)

Out of the 30 credits required for the MACC - Assurance track, nine courses (1-8 course credits) are

currently "required." We propose to reduce the number of "required" courses to 14 credits to allow

more flexibility for the students to include courses that better tailor the program to suit their

professional needs. We also propose to eliminate a second (restricted) category of electives that is

currently in force, and recommend having a single list of "selectives" from which the Program Director

will predetermine the acceptable set of courses that will fulfill the remaining course-credit requirement.

We are reducing the total number of courses listed in the Bulletin from 46 to 32.

Master of Accounting- Corporate Track (MACC - Corporate)

Out of the 30 credits required for the MACC - Corporate track, eight courses (15 course credits) are

currently "required." We propose to reduce the number of "required" courses to L3 credits and again

propose to eliminate a second (restricted) category of electives that is currently in force. lnstead, we

recommend having a single list of "selectives" from which the Program Director will predetermine the

acceptable set of courses that will fulfill the remaining course-credit requirement. We are reducing the

total number of courses listed in the Bulletin from 45 to 34'

Master of Science in Taxation (MST)

Out of the 30 credits required for the MST, nine courses (1-7 course credits) are currently "required."

We propose to reduce the number of "required" courses to L5 credits and again propose to eliminate a

second (restricted) category of electives that is currently in force. lnstead, we recommend having a

single list of "selectives" from which the Program Director will predetermine the acceptable set of

courses that will fulfill the remaining course-credit requirement. We are reducing the total number of

courses listed in the Bulletin from 46 to 30.

Accou nting Accelerated Program

The current Academic Bulletin lists the courses that accelerated accounting students will take in their

senior year. To maintain flexibility in course offerings, we propose to eliminate the detailed list of

courses and recommend adding the following: "students in their senior year will take 12 semester hours

of course work that will count towards their MAcc or MST degrees. These courses will be

predetermined by the Program Director and students will be provided additional information prior to

starting their senior year.

Changes and Additions

ln the following tables, the course numbers are highlighted for courses moved between required and

(s)elective categories. The course number and title are highlight for new courses that are added.



Page 14 of 18

Proposed Curriculum Requirements for Accounting Masters Programs

Master of Aecou nting-Assu ra nce Track {MAcc-Assuranee}

The program requires 30 semester hours provided the studeni has an undergraduate degree in

aecounting, or its equivalent, from an accredited institution. The program csnsists of sevenrequired courses; the balance of elective courses will be approved bythe Program Director. whowill provideapre-approvedcourselisttothestuldentatthebeginningoftheprogram. Unless

otherwise noted, courses in the program are two semester hours (two credits).

R9-ayf rgd Çou.¡ses (-14 credits)

ACC 610 Financial Reporting Research

ACC 622/522 Advanced lssues in Auditing {3 credits)

ACC 628 Int;"cduction to Accounting Analytics

ACC 630i530 International Financial Reporting Standards {1 credit)ACC 548 Financial Reporting lmplications of lncome Taxes.

ACC 672/57 2 Advanced Financial Analysis

BUS 610 CriticalThinking and Communication for Business

Additional Courses (L6 creditslThe remaining courses will be selected from the followingor other courses approved by the program director and a pre-approved list will beprovided:

ACC 603ACC 604ACC 606ACC 511ACC 620

ACC 623

ACC 624ACe 626ACC627ACC 640ACC 641

ACC 642

ACC 662

ACC 664ACC677

ACC 699

BSL 675

BSL 691.

FrN 6_50

FrN 670MAS 637MAS 639MAS 648

Studies in Financial Reporting lssues

Seminar in Cost Accountinglnternal AuditingAuditing SeminarAccounting Controls and lnformation Systemslnternational Accounting and TaxationAccounting for Governmental and Not-for-Profit Entitieslntroduction to Forensic Accounting and Litigation Support Ser'¡ices

Accounting Regulations & ComplianceCorporate Taxation L

Corporate Taxation llSeminar in TaxationTaxation of Multinational CorporationsGlobal Mergers and Acquisitions: Accounting and Related lssues

Forensic AccountingDirected Read ings ( I nternal Auditing I nternshi p)

Advanced Business Law

The Public Corporation: Legal PerspectivesFinancial lnvestmentCorporate Finance

Applied Regression Analysis and ForecastíngData Acquisition, Preparation and VisualizationData Minins

Total Credit Hours: 30



Page 15 of 18

Master of Accou nting- corporate Accot¡ r'lting Track ( MAcc-conponate)

The program requires 30 semester hours provided the student has an undergraduate degree in

accounting, or its equivalent, from an accredited institution. The program consists of seven

required courses; the balance of elective courses will be approved by the Program Director' who

will provideapre-approvedcourselisttothestudentatthebeginningoftheprogram' Unless

otherwise noted, courses in the program are two semester hours (two credits)'

Required Courses (13 credits).

ACC 606 lnternal AuditingACC 610 Financial Reporting Research

ACC 528 lntroduction to Accounting Analytics

ACC 630/530 lnternational Financial Reporting Standards (1 credit)

ACC 648 Financial Reporting lmplications of lncome Taxes'

ACC 672/572 Advanced Financial Analysis

BUS 610 CriticalThinking and comrnunication for Buslness

Additional Courses (1-7 credits) The remaining courses will be selected from the

following or other courses approved by the program director and a pre-approved list

willbe provided:

ACC 603 Studies in Financial Reporting lssues

ACC 604 Seminar in Cost Accounting

ACC 6L1 Auditing Seminar

ACC 620 Accounting Controls in lnformation Technology

ACC 622/522 Advanced lssues in Auditing (3 credits)

ACC 623 InternationalAccounting and Taxation

ACC 6241524 Accounting for Governmental and Not-for-Profit Entities

ACC 626 lntroduction to Forensic Accounting and Litigation Support Services

ACC 627 Accounting Regulations & Compliance

ACC 640 CorPorate Taxation l-

ACC 641 CorPorate Taxation ll

ACC 642 Seminar in Taxation

ACC662 TaxationofMultinationalCorporationsACC 664 Global Mergers and Acquisitions: Accounting and Related lssues

ACC 677 Forensic Accounting

ACC 699 Directed Readings (lnternal Auditing lnternship)

BSL 675 Advanced Business Law

BSL 691 The Public Corporation: Legal Perspectives

FIN 650 Financial lnvestment

FIN 651 Advanced Topics in lnvestments

FIN 660 lnternational Finance

FIN 670 CorPorate Finance

FIN 671 Advanced Topics in Corporate Finance

FIN 674 Financial Analysis of Mergers and Acquisitions

MAS 637 Applied Regression Analysis and Fonecasting

MAS 639 Data Acquisition, Preparation and Visualization

MAS 648 Data Mining




Page 16 of 18

Master of Seience in Taxatisn {MST}

The MST program affords the accounting major or equivalent the opportunity to specialize in

the area of taxation. The program requires 30 semestei" hours provided the student has an

undergraduate degree in accountíng, or its equivalent, from an accredited institution and has

completed ACe 403 iFundannentais of Taxation) and ACe 404 {Advanced Taxation), or theirequivalents. Students wha have taken only one tax course must take an advaneed taxatie n

course befo¡'e enroiiing in other graduate tax courses. The program consists of eight required

courses; the balance of elective courses wilt be approved by the Program Director, who willprovide a pre-approved course list to the stuclent at the beginning of ihe program. Uniess

otherwise noted, courses in the program are two semester hours (two credits)"

Required Courses (15 credits)ACC 61û Financiai Reporting Research


ACC 630/530 lnternational Finaneial Reporting Standards {1 credit)ACC 640 Corporate Taxation L

ACC 643 Tax Research

ACC 645 Partnership TaxationACC 648 Financial Reporting lmplícatíons of lncome Taxes

BUS 610 Ctjtical Thìnking, and Communication for Business

Additional Courses (15 credits) The remaíning courses wil[ be selected from the following on othen

courses approved by the program director and a pre-approved list will be provided:

ACC 603

ACC 604

ACC 606

ACC 61.1

ACC 620

ACC622/s22ACC 623

ACC624ACC 626

ACC627ACC 641

ACC642ACC 662

ACC 664

ACC672/s72ACC 677

ACC 699

BSL 675


Seminar in Cost Accountinglnternal AuditingAuditing SeminarAccou nting Controls in I nformation Tech noiogy

Advanced lssues in Auditing (3 credits)lnternational Accounting and TaxationAccounting for Governmental and Not-for-Profit Entities

lntroduction to Forensic Accounting and Litigation Support Services

Accounting Regulations & ComplianceCorporate Taxation Il

Seminar in TaxationTaxation of Multinational CorporationsGlobal Mergers and Acquisitions:Accounting and Related lssues

Advanced Financial Analysis

Forensic AccountingDirected Readings (lnternal Auditing lnternship)Advanced Business Law

BSL 691- The Public Corporation: Legal PerspectivesFIN 650 Financial lnvestmentFIN 670 Corporate Finance

MAS 637 Applied Regression Analysis and ForecastingMAS 639 Data Acquisit¡on, Preparation and VisualizationMAS 648 Data Mining




Page 17 of 18

TJ

UNIVEASITY OF MTAMI

SCHOOL of BUSINESSADMINISTRATION

MEMORANDUM

Graduate Business Education Comm¡ttee

FROM: Sundaresh RamnathChair, Department of Accounting

SUBJECT: Curriculum Change: Master of Accounting - Assurance Track

Master of Accounting - Corporate Track

Master of Science in Taxation

DATE November 28,2017

The graduate curriculum committee of the Department of Accounting, with the support of the

department, recommends the accompanying changes to the curriculum of the Master of Accounting

(MACC) and Master of Science in Taxation (MST) programs. We have also obtained the suggestions and

advice of the Curriculum Committee of the Accounting Advisory Board in redesigning the curricula.

Please let us know if you have questions. Thanks for your consideration

Sincerely,l,I

rilaVSunda

Chair, Department of Accounting

TO:



Page 18 of 18

Consensus Agenda

Item 4

MASTER OF SCIENCE IN TAXATION

CURRICULUM CHANGE

Contact: Patricia Sánchez Abril, Vice Dean Graduate Business Programs

[email protected] 305-284-6999

"Business - Master in Taxation Curriuculum Change" 3/21/18 FS Agenda

Page 5 of 18

TABLE OF CONTENTS

Introduction ........................................................................................................................................... 3

Governance Letters ............................................................................................................................ 4-6

Dean of the Miami Business School ................................................................................................... 4 School Council of the Miami Business School ................................................................................... 5 Graduate Council ................................................................................................................................ 6 Office of Accreditation and Assessment ............................................................................................. 7

Master of Science in Taxation Curriculum Change Proposal ..................................................... 8-14


Page 6 of 18

UNIVERSITY OF MIAMI

SCHOOL of BUSINESS

ADMINISTRATION

L.J Patricia Sanchez Abril

Vice Dean

Graduate Business Programs & Executive Education

Professor, Business Law

5250 University Drive

Jenkins 219

Coral Gables, Florida 33146

Ph: 305-284-6999

Fax: 305-284-6526

[email protected]

http://www.bus.miami.edu

February 26, 2018

Faculty Senate325 Ashe Administration Building Coral Gables, Florida 33146

Dear Faculty Senate members:

The Miami Business School has undertaken a comprehensive curriculum review in an effort to improve, update, and optimize its program offerings.

The following proposal is a result of a four-month long process that began with focus groups in each of our graduate programs. Focus groups included input from faculty and staff, students, recruiters, employers, corporate partners, and our Board of Overseers.

Vice ean Graduate Business Programs Miami Business School


Page 7 of 18


Page 8 of 18


Page 9 of 18

UNIVERSITY OF MIAMI

GRADUATE SCHOOL

L.J 1252 Memorial Drive Phone: 305-284-4154 P.O. Box 248125 Fax: 305-284-5441 Coral Gables, FL 33124-4629 [email protected]

MEMORANDUM

DATE:

TO:

FROM:

SUBJECT:

February 26, 2018

Tomas Salerno Chair, Faculty Senate

Guillermo ("Willy") Prado Dean, The Graduate School

Curriculum Change - Master of Science in Taxation (MST)

The Miami Business School submitted a proposal with intent to change the existing curriculum of the Master of Science in Taxation (MST). The proposal was discussed at the meeting of the Graduate Council on Tuesday, February 20, 2018, and no concerns were expressed by the Council members.

cc: John Quelch, Dean, Miami Business School Patricia Abril, Vice Dean, Miami Business School Office of Assessment and Accreditation


Page 10 of 18


Page 11 of 18

MEMORANDUM

TO: General Welfare Committee Faculty Senate FROM: Patricia Sanchez Abril, Vice Dean, Graduate Business Programs Subject: Curriculum Change: Master of Accounting Date: February 6, 2018 Proposal: To restructure the curriculum for the Master of Accounting. (See attached proposal and course sequence by Dr. Michael Werner, Program Director. Background: The Master of Accounting seeks to update its curriculum. Currently the program has 65 students. Reasoning: • See attached proposal for details on specific reasoning. Resource Implications: None. Procedural History: • Ad Hoc Task Force on Graduate Business Programs – Discussed and approved 12/5/2017 • Graduate Business Programs Committee – Discussed and approved 12/5/2017 • School Council of the Miami Business School – Discussed and approved 1/12/2018


Page 12 of 18

Proposed Changes and Justification

Background

The accounting graduate program is unique in that under eertified Public Accountant (CPA.) !icensingrequirements in most states, candidates must have a minimum of 150 college credits to be eligible forlicensing. This forces accounting undergraduates to obtain a Master's degree to satisfy the CPA licensingrequirements. Accounting majors obtain most of the fundamental knowledge that they need to be

successful professionals in the undei"graduate phase of their education, which allows for greaterflexibility in the breadth and depth of courses that can be offered in the graduate program. The currentgraduate curriculum mostly contains courses that focus on accounting, auditing and taxation issues at an

advaneed level. The proposed changes seek to broaden the curriculum content b.¡ introducing ccursesthat are of contemporaneous relevance.

The new curriculum will satisfy two related objectives. First, it addresses the changed professionalenvironment in accounting and auditing that requires skills and knowledge in the use of computertechnology and data analytics. Second, the new curriculum broadens the knowledge base of ourgraduates which serves to attract more qualified applicants and also increases the placement potentialof our graduate students. The current leadership in the Business School has an ambitious plan tosignificantly expand the number of accounting graduate students. While we traditionally have had an

adequate pool of qualified applicants to expand enrollment in the program, we will be able to attractmore high-quality applicants with broader course offerings. Expanding the breadth of expertise will also

help place the additional students. Accounting firms currently recruit our students mostly for assuranceand tax services; the new curriculum will make our students more attractive for other areas such as

consulting and lT services.

Reasons for Proposed Changes

Over the past year, we have received feedback from recruiters and members of our Advisory Board thatthe accounting workplace requires professionals that are conversant with the use of data analytic tools.Accounting departments across the country have already begun restructuring their graduate and

undergraduate programs to include Data Analytics as part of their curriculum. ln the past few monthsthe Department began working closely with the Curriculum Committee of the Accounting AdvisoryBoard to redesign the curriculum to include course(s) in data analytics that will better equip ourstudents to face this íncreasing need in the accounting workplace. Although we added a new course lastyear (ACC 628: lntroduction to Accounting Analytics), we currently only have two experts in this field inthe Department of Accounting - Professors Khrystyna Bochkay and Roman Chychyla. We need to tapinto the expertise of the MAS department that currently offers courses in the area to provide a broadfoundation in statistical analysis and data analytics. Professors Chychyla and Ramnath from theaccounting department discussed this issue with Professors Guan, McGibney and Lehman from the MAS

department. Based on these discussions, three MAS courses - MAS 637, MAS 639 and MAS 648 - weredeemed to be the most relevant for accounti nø Braduates.

To create room for the data analytics courses, we have reassessed the currently "required" courses in

each of the three graduate tracks in accounting (MACC - Assurance, MACC - Corporate, and MST).

Based on a careful reassessment of the current curriculum, the graduate curriculum committee in theDepartment of Accounting has recommended changes in required courses along with modifications tothe list of elective courses (which we will now refer to as "selectives") to provide more flexibility.Selectives are courses selected by the program director to customize a student's schedule considering


Page 13 of 18

the student's career objectives as well as constraints (such as availability of particular course offerings

that year). The three MAS courses will be added to the list of selectives. Each degree program will

continue to require a total of 30 credit hours and no new courses will be created.

Master of Accounting- Assurance Track (MACC - Assurance)

Out of the 30 credits required for the MACC - Assurance track, nine courses (1-8 course credits) are

currently "required." We propose to reduce the number of "required" courses to 14 credits to allow

more flexibility for the students to include courses that better tailor the program to suit their

professional needs. We also propose to eliminate a second (restricted) category of electives that is

currently in force, and recommend having a single list of "selectives" from which the Program Director

will predetermine the acceptable set of courses that will fulfill the remaining course-credit requirement.

We are reducing the total number of courses listed in the Bulletin from 46 to 32.

Master of Accounting- Corporate Track (MACC - Corporate)

Out of the 30 credits required for the MACC - Corporate track, eight courses (15 course credits) are

currently "required." We propose to reduce the number of "required" courses to L3 credits and again

propose to eliminate a second (restricted) category of electives that is currently in force. lnstead, we

recommend having a single list of "selectives" from which the Program Director will predetermine the

acceptable set of courses that will fulfill the remaining course-credit requirement. We are reducing the

total number of courses listed in the Bulletin from 45 to 34'

Master of Science in Taxation (MST)

Out of the 30 credits required for the MST, nine courses (1-7 course credits) are currently "required."

We propose to reduce the number of "required" courses to L5 credits and again propose to eliminate a

second (restricted) category of electives that is currently in force. lnstead, we recommend having a

single list of "selectives" from which the Program Director will predetermine the acceptable set of

courses that will fulfill the remaining course-credit requirement. We are reducing the total number of

courses listed in the Bulletin from 46 to 30.

Accou nting Accelerated Program

The current Academic Bulletin lists the courses that accelerated accounting students will take in their

senior year. To maintain flexibility in course offerings, we propose to eliminate the detailed list of

courses and recommend adding the following: "students in their senior year will take 12 semester hours

of course work that will count towards their MAcc or MST degrees. These courses will be

predetermined by the Program Director and students will be provided additional information prior to

starting their senior year.

Changes and Additions

ln the following tables, the course numbers are highlighted for courses moved between required and

(s)elective categories. The course number and title are highlight for new courses that are added.


Page 14 of 18

Proposed Curriculum Requirements for Accounting Masters Programs

Master of Aecou nting-Assu ra nce Track {MAcc-Assuranee}

The program requires 30 semester hours provided the studeni has an undergraduate degree in

aecounting, or its equivalent, from an accredited institution. The program csnsists of sevenrequired courses; the balance of elective courses will be approved bythe Program Director. whowill provideapre-approvedcourselisttothestuldentatthebeginningoftheprogram. Unless

otherwise noted, courses in the program are two semester hours (two credits).

R9-ayf rgd Çou.¡ses (-14 credits)

ACC 610 Financial Reporting Research

ACC 622/522 Advanced lssues in Auditing {3 credits)

ACC 628 Int;"cduction to Accounting Analytics

ACC 630i530 International Financial Reporting Standards {1 credit)ACC 548 Financial Reporting lmplications of lncome Taxes.

ACC 672/57 2 Advanced Financial Analysis

BUS 610 CriticalThinking and Communication for Business

Additional Courses (L6 creditslThe remaining courses will be selected from the followingor other courses approved by the program director and a pre-approved list will beprovided:

ACC 603ACC 604ACC 606ACC 511ACC 620

ACC 623

ACC 624ACe 626ACC627ACC 640ACC 641

ACC 642

ACC 662

ACC 664ACC677

ACC 699

BSL 675

BSL 691.

FrN 6_50

FrN 670MAS 637MAS 639MAS 648


Seminar in Cost Accountinglnternal AuditingAuditing SeminarAccounting Controls and lnformation Systemslnternational Accounting and TaxationAccounting for Governmental and Not-for-Profit Entitieslntroduction to Forensic Accounting and Litigation Support Ser'¡ices

Accounting Regulations & ComplianceCorporate Taxation L

Corporate Taxation llSeminar in TaxationTaxation of Multinational CorporationsGlobal Mergers and Acquisitions: Accounting and Related lssues

Forensic AccountingDirected Read ings ( I nternal Auditing I nternshi p)

Advanced Business Law

The Public Corporation: Legal PerspectivesFinancial lnvestmentCorporate Finance

Applied Regression Analysis and ForecastíngData Acquisition, Preparation and VisualizationData Minins



Page 15 of 18

Master of Accou nting- corporate Accot¡ r'lting Track ( MAcc-conponate)

The program requires 30 semester hours provided the student has an undergraduate degree in

accounting, or its equivalent, from an accredited institution. The program consists of seven

required courses; the balance of elective courses will be approved by the Program Director' who

will provideapre-approvedcourselisttothestudentatthebeginningoftheprogram' Unless

otherwise noted, courses in the program are two semester hours (two credits)'

Required Courses (13 credits).

ACC 606 lnternal AuditingACC 610 Financial Reporting Research


ACC 630/530 lnternational Financial Reporting Standards (1 credit)

ACC 648 Financial Reporting lmplications of lncome Taxes'

ACC 672/572 Advanced Financial Analysis

BUS 610 CriticalThinking and comrnunication for Buslness

Additional Courses (1-7 credits) The remaining courses will be selected from the

following or other courses approved by the program director and a pre-approved list

willbe provided:

ACC 603 Studies in Financial Reporting lssues

ACC 604 Seminar in Cost Accounting

ACC 6L1 Auditing Seminar

ACC 620 Accounting Controls in lnformation Technology

ACC 622/522 Advanced lssues in Auditing (3 credits)

ACC 623 InternationalAccounting and Taxation

ACC 6241524 Accounting for Governmental and Not-for-Profit Entities

ACC 626 lntroduction to Forensic Accounting and Litigation Support Services

ACC 627 Accounting Regulations & Compliance

ACC 640 CorPorate Taxation l-

ACC 641 CorPorate Taxation ll

ACC 642 Seminar in Taxation

ACC662 TaxationofMultinationalCorporationsACC 664 Global Mergers and Acquisitions: Accounting and Related lssues

ACC 677 Forensic Accounting

ACC 699 Directed Readings (lnternal Auditing lnternship)

BSL 675 Advanced Business Law

BSL 691 The Public Corporation: Legal Perspectives

FIN 650 Financial lnvestment

FIN 651 Advanced Topics in lnvestments

FIN 660 lnternational Finance

FIN 670 CorPorate Finance

FIN 671 Advanced Topics in Corporate Finance

FIN 674 Financial Analysis of Mergers and Acquisitions

MAS 637 Applied Regression Analysis and Fonecasting

MAS 639 Data Acquisition, Preparation and Visualization

MAS 648 Data Mining



Page 16 of 18

Master of Seience in Taxatisn {MST}

The MST program affords the accounting major or equivalent the opportunity to specialize in

the area of taxation. The program requires 30 semestei" hours provided the student has an

undergraduate degree in accountíng, or its equivalent, from an accredited institution and has

completed ACe 403 iFundannentais of Taxation) and ACe 404 {Advanced Taxation), or theirequivalents. Students wha have taken only one tax course must take an advaneed taxatie n

course befo¡'e enroiiing in other graduate tax courses. The program consists of eight required

courses; the balance of elective courses wilt be approved by the Program Director, who willprovide a pre-approved course list to the stuclent at the beginning of ihe program. Uniess

otherwise noted, courses in the program are two semester hours (two credits)"

Required Courses (15 credits)ACC 61û Financiai Reporting Research


ACC 630/530 lnternational Finaneial Reporting Standards {1 credit)ACC 640 Corporate Taxation L

ACC 643 Tax Research

ACC 645 Partnership TaxationACC 648 Financial Reporting lmplícatíons of lncome Taxes

BUS 610 Ctjtical Thìnking, and Communication for Business

Additional Courses (15 credits) The remaíning courses wil[ be selected from the following on othen

courses approved by the program director and a pre-approved list will be provided:

ACC 603

ACC 604

ACC 606

ACC 61.1

ACC 620

ACC622/s22ACC 623

ACC624ACC 626

ACC627ACC 641

ACC642ACC 662

ACC 664

ACC672/s72ACC 677

ACC 699

BSL 675


Seminar in Cost Accountinglnternal AuditingAuditing SeminarAccou nting Controls in I nformation Tech noiogy

Advanced lssues in Auditing (3 credits)lnternational Accounting and TaxationAccounting for Governmental and Not-for-Profit Entities

lntroduction to Forensic Accounting and Litigation Support Services

Accounting Regulations & ComplianceCorporate Taxation Il

Seminar in TaxationTaxation of Multinational CorporationsGlobal Mergers and Acquisitions:Accounting and Related lssues

Advanced Financial Analysis

Forensic AccountingDirected Readings (lnternal Auditing lnternship)Advanced Business Law

BSL 691- The Public Corporation: Legal PerspectivesFIN 650 Financial lnvestmentFIN 670 Corporate Finance

MAS 637 Applied Regression Analysis and ForecastingMAS 639 Data Acquisit¡on, Preparation and VisualizationMAS 648 Data Mining



Page 17 of 18

TJ

UNIVEASITY OF MTAMI

SCHOOL of BUSINESSADMINISTRATION

MEMORANDUM

Graduate Business Education Comm¡ttee

FROM: Sundaresh RamnathChair, Department of Accounting

SUBJECT: Curriculum Change: Master of Accounting - Assurance Track

Master of Accounting - Corporate Track

Master of Science in Taxation

DATE November 28,2017

The graduate curriculum committee of the Department of Accounting, with the support of the

department, recommends the accompanying changes to the curriculum of the Master of Accounting

(MACC) and Master of Science in Taxation (MST) programs. We have also obtained the suggestions and

advice of the Curriculum Committee of the Accounting Advisory Board in redesigning the curricula.

Please let us know if you have questions. Thanks for your consideration

Sincerely,l,I

rilaVSunda

Chair, Department of Accounting

TO:


Page 18 of 18

Consensus Agenda

Item 5

Henrik Cronqvist, Ph. D. 5250 University Drive Phone: (305) 515-5898 Professor of Finance Coral Gables, Florida 33124 Email: [email protected]

TO: Faculty Senate FROM: Henrik Cronqvist, Professor and Chair, Department of Finance DATE: 22 February 2018 RE: Termination of the International Finance and Marketing major

The Department of Finance is requesting to terminate, as soon as possible, the major in International

Finance and Marketing (IFM). The major has outlived its decades-old purpose of providing a way for

students to have a predefined number of classes labeled “international” on their transcript whether or not

significant depth was achieved within the knowledge areas of Finance or Marketing. This proposal has been

discussed at a November 6 meeting, and received unanimous support in the Finance department. Importantly,

students majoring in Finance or Marketing may still take the courses that are currently part of the IFM major,

so the termination proposal does not in any way impact student learning opportunities.

The Finance Department believes that its two remaining majors, Finance and Real Estate, are more aligned

with the subject area expertise employers expect of our students, and as such better prepare students for the

job market. Consistent with the department view that the IFM is outdated, the number of students in the IFM

major has decreased steadily over the past ten years, as the picture below demonstrates. Over the same time

period, the enrollment in the Finance major has increased very substantially.

"Business - terminate International Finance and Marketing Major" 3/21/18 FS Agenda

Page 5 of 11

Finally, the Finance Department is aware of and fully supports current Miami Business School initiatives to

create a new “Global Business” co-major that will cater to students who want to pursue in-depth global

studies along with developing expertise in chosen subject areas within the business school.

Sincerely,

Henrik Cronqvist Chair of Department of Finance


Page 6 of 11


Page 7 of 11

Henrik Cronqvist, Ph. D. 5250 University Drive Phone: (305) 515-5898 Professor of Finance Coral Gables, Florida 33124 Email: [email protected]

TO: Faculty Senate FROM: Henrik Cronqvist, Professor and Chair, Department of Finance DATE: 22 February 2018 RE: Termination of the International Finance and Marketing major The Department of Finance is requesting to discontinue the major in International Finance and Marketing (IFM). The Department met on November 6, and after a discussion of the proposal, voted unanimously in favor of terminating the IFM major.

Sincerely,

Henrik Cronqvist Chair of Department of Finance


Page 8 of 11

TO: Faculty Senate

FROM: Michael Tsiros, Department Chair and Professor, Department of Marketing

DATE: 22 February 2018

RE: Termination of the International Finance and Marketing major

The faculty of the Department of Marketing does not object to the termination of the major in International

Finance and Marketing (IFM) proposed by the Department of Finance.

Sincerely,

Michael Tsiros

Chair of Department of Marketing


Page 9 of 11


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Item B4

Current University of Miami Mission Statement, submitted by the Provost

The University of Miami’s mission is to educate and nurture students, to create knowledge, and to provide service to our community and beyond. Committed to excellence and proud of the diversity of our University family, we strive to develop future leaders of our nation and the world.

Core Values We are absolutely committed to freedom of inquiry—the freedom to think, to question, to criticize, and to dissent. We will pursue the value of excellence in our research and educational missions with the single-mindedness that only great commitments deserve. We will provide our students with the foundations for ethical citizenship and service to others, a respect for differences among people, and a commitment to high standards of thought and communication. We also will prepare them for rewarding lifelong careers and will imbue in them a continued and permanent desire for the study of knowledge and the search for truth.

Common Purpose

At the U, we transform lives through teaching, research, and service.

Values

• Diversity: Valuing and including people from all cultures and backgrounds in the pursuit of ourcommon goals.

• Integrity: Demonstrating honesty and fairness in our words and actions.

• Responsibility: Exhibiting pride and accountability in the performance of duties and ensuring thelong-term success of our University.

• Excellence: Striving to accomplish our goals with quality, rigor, passion, and distinction.

• Compassion: Behaving in a caring, humane, and empathic way.

• Creativity: Embracing innovation, flexibility, and originality in the pursuit of our vision andmission.

• Teamwork: Engaging and working well together to achieve optimal results.

"Revised UM Mission Statement" 3/21/18 FS Agenda

Page 1 of 2

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Proposed subcommittee fourth revision to the Mission Statement (GWC x 2; Clasby; Duerk):

Re-DRAFT:

“The mission of the University of Miami is to transform lives through education, research, innovation, and service.”

“Core Values “We are committed to freedom of inquiry—the freedom to think, to question, to criticize, and to dissent. We will pursue excellence in our research and educational missions with the single-mindedness that marks great commitments. We will provide our students with the foundations for ethical citizenship and service to others, a respect for differences among people, and a commitment to high standards of thought and communication. We will prepare them for rewarding lifelong careers and will instill in them a continued and permanent dedication to the search for knowledge and the search for truth. We will provide service to our community and beyond, including the delivery of high-quality, compassionate care through an academic health system. We will strive to transform the world in positive ways through innovative education, impactful research and scholarship, and the translation of knowledge into solutions.

“Founded in 1925 by a group of Miami citizens who believed that an institution of higher learning was necessary for the development of their young and growing community, the University has matured into a major research university and academic health system. Located within one of the most dynamic and multicultural cities in the world, the University is a distinctive community with a variety of races, ethnicities, customs, genders, and faiths. Its geographic location uniquely positions the University to be both local and global in outlook and outreach.

“Our aspirations at The University of Miami are: to be a global university with an intentionally hemispheric strategy, pursuing inclusive engagement as a bridge across the Americas to the rest of the world; to be an excellent university, striving to achieve the highest standards of performance in every aspect of its work; to be a relevant university, connecting scholarship to real-world solutions; and to be an exemplary university, offering a model to society through the steadfast achievement of our mission.”

"Revised UM Mission Statement" 3/21/18 FS Agenda

Page 2 of 2

Item B6

"Communication - Major in Interactive Media" 3/21/18 FS Agenda

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Item B8

Background Information on the Rights of Academic Counsel

An issue has arisen from an actual case as to the scope and extent of confidentiality and

privilege of Academic Counsel and the faculty members whom they assist. A faculty member

serving as Academic Counsel to a complaining faculty member1 was asked by the

Administration what the nature of the complaint was. The complaining faculty member had filed

a law suit, without first going through any of the Senate’s procedures. Accordingly, given the

peculiarity of the circumstances, and after checking with the Senate Officers, the former

Academic Counsel agreed to provide that information. In that regard, the Senate does not have

separate legal personality from the University, and is instead a University entity. Moreover, if

the complaining faculty member had utilized a Senate procedure, presumably the Committee on

Rank, Salary, and Conditions of Employment, the University would have learned the essence of

the complaint from the Academic Counsel.

The current Faculty Manual does not address the issue. It implies, but does not clearly state

that the Administration may not ask for confidential information from Academic Counsel

concerning a current matter not involving an outside law suit or administrative action.

These matters need to be clarified through express provisions in the Faculty Manual.

1 The faculty member acting as Academic Counsel in this instance is, in fact, a licensed attorney, but was not serving in that capacity, and indeed could not have before the Committee on Rank, Salary, and Conditions of Employment. (See FM B4.11 (a) (iii) and (iv)).

"Faculty Manual revision - C20" 3/21/18 FS Agenda

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Suggested Faculty Manual Language

Proposed addition to section C20 of the Faculty Manual [Note: presumably as a new C20.3, with subsequent sections re-numbered.]

C20.___

a. Rights and Duties of Academic Counsel:

(1) an Academic Counsel has a duty to hold all communications from the Faculty Member in

strict confidentiality, unless the member expressly authorizes its disclosure;

(2) no one in the University has the authority to compel a complaining faculty member or his

or her Academic Counsel to reveal the substance of a communication between them.

Any attempt to do so, or to retaliate against the Academic Counsel for refusing such a

request, may constitute unprofessional conduct within the meaning of B4.10.

(3) anyone serving in the capacity of Academic Counsel has the same rights, duties and

privileges concerning confidential communications and work product that they would

have if the Academic Counsel were a licensed attorney in Florida.

b. The provisions of paragraph a. of this section apply where there has been an informal request

for such information from outside the University.

c. The provisions of paragraph a. do not apply where there has been a court order, subpoena, or

formal request for a local, state, or federal agency requiring the production of testimony or

documents. The provisions of paragraph a shall also not apply if state or federal law require

disclosure of the information to the University and/or to law enforcement agencies.

d. The provisions of paragraph a. are inapplicable once the complaining faculty member has

brought a legal action (whether in a court or governmental agency) against the University or

where the University has become a defendant or respondent in another legal action involving the

complaining faculty member. However, if a faculty member has acted as Legal Counsel (as

outlined in the Faculty Manual) in the same matter, the privileges and immunities are governed

by federal or state law, as the case may be.

"Faculty Manual revision - C20" 3/21/18 FS Agenda

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General Counsel's additions are written in RED.