Business Commons^™

Franklinworks, Bill Chan

Learning Showcase 2016: A Celebration of Discovery, Transformation and Success

It's a fact of modern-day business life: Everyone is asked to do more with less. As a result, tough decisions are constantly in the works, including where to invest and where to save. Many organizations feel forced to focus on the negatives, such as cutbacks, reductions and sacrifices. However, research proves what you already know: People matter. Developing your workforce brings a valuable return on investment. With FranklinWORKS, partner organizations have access to a complete portfolio of educational options designed and delivered by a university that has been solely dedicated to educating ambitious students for more than 110 years. These …

Volunteer Income Tax Assistance (Vita) Program, Susanna Beachy, Raye Lynne Gerber, Jessica Oberle, Martina Peng, James Pierson

Learning Showcase 2016: A Celebration of Discovery, Transformation and Success

In order to enhance student experiential learning, Franklin University's Department of Accounting, Finance and Economics continued its third year efforts in participating in the Volunteer Income Tax Assistance (VITA) program in 2016, in conjunction with United Way's Tax Time Coalition of Central Ohio and the Internal Revenue Service (IRS). The VITA program prepares free federal and state tax returns for low to moderate income taxpayers in the central Ohio community. During the 2016 tax season, 14 volunteer undergraduate students, alumni and administrative personnel were trained and received IRS certification to serve the community; the efforts of the volunteers in the …

Educating The Auditors: Recommendations For Addressing General, Behavioral Competency Needs In Collegiate Accounting Programs, Charles T. Saunders

Learning Showcase 2014

The continuing evolution of the business world has a direct impact on the landscape and curriculum of higher education, where business professionals are trained. The needs of the business world influence not only what is taught (i.e., business curriculum content), but also how we, as educators, teach foundational skills and core competencies.

Recent research published by the Institute of Internal Auditors Research Foundation suggests that there is a discrepancy between stakeholders’ and auditors’ perceptions of internal auditor competency levels and value to the organization. The survey identified the following four competencies with the lowest ratings overall:

1. Conflict Resolution/Negotiation Skills;
2. Business …

Mandated Personal Finance Education, Martina Peng, Souren Soumbatiants

Learning Showcase 2014

The urgency of implementation of financial literacy education has been recognized in the recent years. This study evaluates the recent progress on state financial literacy legislation and the effectiveness of personal finance education mandates in high schools. The three common approaches to the mandatory personal finance education policy take forms in setting education standards, personal finance courses, and required testing. Course mandates appear to be the most effective in raising financial literacy scores. State policy requiring testing personal finance concepts has been the least effective. The findings of this study have important implications for policymakers, educators and researchers considering personal …