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First Separately Accredited School of Accounting in Texas

Texas Tech's Rawls College of Business joins only 40 other universities nationally to house such a school.

Written by Leslie Cranford

The 2011 CPA exam pass rate for Rawls College graduate  student first-time test takers was 69 percent, second-highest of accounting  programs in Texas.

The 2011 CPA exam pass rate for Rawls College graduate student first-time test takers was 69 percent, second-highest of accounting programs in Texas.

Texas Tech University on Tuesday (April 2) received notification from the Texas Higher Education Coordinating Board that the request from the Rawls College of Business to create a School of Accounting is approved. The Area of Accounting will officially change to the School of Accounting on August 15, according to information provided by Coordinating Board staff.

According to Robert Ricketts, coordinator for accounting at the Rawls College, there are about 40 accounting schools nationwide and only one separately accredited school in Texas, as a push to create these schools in the 1970s and 1980s was quashed in the Texas Legislature.

“Texas Tech and the Rawls College is the second Texas university to make another run at it, and with the board’s approval today, we’ve accomplished this,” Ricketts said.

Ricketts pointed out that the Area of Accounting is the only one in the college that holds AACSB (the Association to Advance Collegiate Schools of Business) accreditation separate from the college itself, as it is accredited through a parallel process with a higher standard for dually-accredited accounting programs.  The designation of being a school rather than an area will further distinguish it from the other areas of study in the college.

“This is a huge milestone for our accounting program that recognizes the excellent education and thought leadership emanating from the area,” said Lance Nail, dean of the Rawls College. “When you realize that fewer than 500 of the approximately 1,600 US business schools are accredited by AACSB and that only 168 of those accounting programs have met the standard for separate accreditation, you realize that our program is already a prestigious one. Elevating our program to a School of Accounting attaches an elite status to our program that it has earned through years of outstanding graduate placements, high CPA pass rates and impactful faculty scholarship.”

The 2011 CPA exam pass rate for Rawls College graduate student first-time test takers was 69 percent, second highest of accounting programs in Texas. Current enrollment in the accounting area is about 290 juniors and seniors, and close to 200 graduate students.

“I am very pleased to see this initiative coming from the Rawls College leadership,” said Bob Smith, Texas Tech’s provost. “The creation of a School of Accounting – based on existing strengths and recognition – represents the type of development that will help Texas Tech meet its most ambitious goal—becoming a Tier One institution.”

Ricketts said the new designation will require no additional administrative costs and the school would still be part of the structure of the Rawls College.

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6 Responses to “First Separately Accredited School of Accounting in Texas”

  1. Md Rakib Uddin Says:

    Great news! Accounting is a very fascinating area, and it will uphold TTU as a great university

  2. Leo Pileggi Says:

    I am proud to be a member of the Rawls College of Business.
    Congratulation to the Rawls COB and to all of those in it that make things like this happen.

  3. Jackson Browne Says:

    Cool news. As an ex accounting major, I will say that Accounting is an important profession, but far from “fascinating”.

  4. Paul Price Says:

    What a tremendous honor to find that Texas Tech has a great field of Accounting for obtaining a degree and receiving a CPA designation. An interesting Audit course set my course for a career in Internal Audit and certification as a CIA (Certified Internal Auditor). Thanks Tech for making our degrees valuable in the workplace.

  5. James Gerick Says:

    Great! As an ex-accounting major (BBA-1950) this is great news. Congratulations to the Rawls College of Business.

  6. Jason Rinaldo Says:

    I have it on good authority that the School of Accounting is excellent in its monitoring of student quality and student learning, and that the job placement rate for MSA students has repeatedly bumped up against the maximum of 100%. Furthermore, I have reason to believe these students are among the most conscientious and dedicated students that there are, anywhere.

    Congratulations, Accounting folks!

    Jason Rinaldo, PhD
    Director of Assessment
    Rawls College of Business

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Rawls College of Business
Business Administration Building

The Rawls College of Business accounts for about 25 percent of Texas Tech graduates.

The college has a full-time teaching staff of roughly 100 in five departments: accounting, finance, information systems and quantitative science, management and marketing.

The college offers an accredited weekend MBA for Working Professionals program.

Dedicated to connecting students, alumni and employers, the Career Management Center assists Rawls College students with their transition to the world-of-work, and supplies prospective employers with top-notch candidates, ready to make an immediate contribution.

Connect with the Rawls College of Business on and .

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