Assessment Plan

 Objective Finance 206 is only offered by two year institutions in the NMSU system. Transfers to NMSU as the equivalent of Finance 341. Students must take another 300 level course to fulfill the requirement of the minimum number of 300 level courses. Transfers to other four year institutions in New Mexico as the finance requirement or a as free elective. Allows DACC pre business majors to transfer more credits toward a BBA. Established prerequisites are essentially the same. Math 120, Econ 251/252, Acct 251/252, A ST 251 or Stat 251.

 Articulation Approved in the state articulation agreement as fulfilling the requirement for FIN 341 at NMSU. Numbering system as stated in the New Mexico Business Articulation and Transfer Matrix as BFIN Currently accepted at UNM and ENMU as a free elective in transfer. We are working to change the status of transfer to the above mentioned institutions.

 Alignment Met with the Associate Dean of the College of Business and Finance Department at NMSU to discuss their concerns of transferring a 200 level class as a 300 level class. Some reluctance on their part to continue to accept our class. Their desire was to allow FIN 206 as a free elective. Through clever negotiation on our part we were able to preserve the status quo. The current agreement is tenuous at best at the current time, given low College of Business enrollment.

There are three concerns of the College of Business: academic qualifications of faculty at DACC, student enrollment deficiencies, and faculty employment realignment. Meets the requirement of NMHED as the basic finance class in a business bachelorette program.

 Agreement Change the student learning objectives to more closely match those of FIN 341. Change the DACC model of personal finance to the NMSU model of corporate finance. Change the textbook to offer a more rigorous approach to corporate finance and more closely fit the NMSU model.

Include more math and math related assessments to the class. Create new assignments, assessments, and projects that more closely align to those of the NMSU finance department. Maintain a dialogue with the College of Business and share assessments with the current department head and associate dean.

 Assessments Periodic assignments that will assess the students knowledge of the different areas of corporate finance. Periodic exams designed to measure the students knowledge of current theory and practice in corporate finance. Projects that will provide the student with a practical use of theory.

Design a multiple choice question that will fulfill the requirement of the department of finance to assess a particular concept each academic year. The question shall be incorporated into a periodic exam.

 Conclusions Maintain a close working relationship with the department of finance at NMSU. Continue to work with the New Mexico Collegiate Business Articulation Consortium to maintain the transferability of FIN 206 into FIN341.

Keep the best interests of the students ahead of all else so that the greatest number of credits will transfer to NMSU and other four year schools in the state. Foster a permanent and productive dialogue with the Business Articulation Consortium, four year institutions in New Mexico, and in particular, a close working relationship with the College of Business at NMSU.

 Current assessment of the Program Return Spring 2011 to the committee to provide assessment information from Fall Recommend changes to enhance the program. If possible, obtain assessment information from the department of finance regarding their success in the program.