The Faculty of Business and Accountancy (FBA) recently acquired another feather in the cap when it was awarded the AACSB accreditation for a period of 5 years starting from February 2016.
Founded in 1916, AACSB International is based in the US and is the longest serving global accrediting body for business schools that offer undergraduate, masters, and doctoral degrees in their business and accounting programs.
“This accreditation is a recognition of FBA as one of the top business schools in the world as only 5% of business schools around the world have obtained accreditation from AACSB,” said the Vice-Chancellor, Professor Dato’ Dr. Mohd Amin Jalaludin at a packed press conference held on 24 February 2016 in the university.
“Our programs are of high quality and meet international standards based on stringent AACSB 2003 requirements comprising of 21 standards, in which standards 1-5 focus on strategic management, standards 6-14 on participants and standards 15-21 are on assurance of learning,” he added.
The Dean of FBA, Professor Dr Che Ruhana Isa added that FBA is the first public university in Malaysia to obtain the ‘double crown’ status from internationally recognized accreditation bodies such as AMBA and AACSB.
“FBA’s MBA program has been accredited by the Association of MBA (AMBA), a UK based accreditation body since 2007. Generally top business schools hold ‘triple crowns’ (AMBA, AACSB and EQUIS) and FBA’s next target is to achieve this,” she said.
“Currently the University of Malaya is the only university in Malaysia to obtain the 4 Palmes of Excellence status in the Eduniversal ranking, an organization based in France which assesses the internationalization of business schools,” she continued.
According to Professor Dr. Che Ruhana, “our Bachelor of Accounting is also recognized by professional accounting bodies such as MICPA, ACCA, CIMA, CPA, ICAEW, IAEP and IIA. In addition, more than 95% of our academic staff hold degrees from international universities.”
“With this recognition, our Business & Accountancy programs are on par with the likes of Harvard University, Stanford University, Yale University, London Business School, INSEAD, and many other Ivy League institutions,” she added.
By Harris Rajahdin