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Lakeland College's accounting program has been named one of the best in the nation according to results of the 2005 Reports and Commentary on the 2004 CPA Examination, released in March.
The report shows the performance of candidates taking the Certified Public Accountant (CPA) Examination.
Lakeland, which had 21 students sit for the CPA exam in 2004, was the top private college or university in the state. Those students were either enrolled in classes at Lakeland's main campus in Sheboygan County, or taking courses at one of Lakeland's Kellett Centers for Adult Education.
Lakeland was ranked in the top 10 in five of the report's 24 undergraduate assessment categories among the 2,000 colleges and universities in the nation whose graduates are eligible to sit for the CPA Exam.
"We have put a lot of time and resources into our accounting program, and these results clearly show that we are headed in the right direction," said Richard K. Gaumer, associate professor of accounting in Lakeland's Business Division.
"The improvements we have made to all levels of our program have given it a greater deal of depth, and the winners have been our students, as evidenced by the results of the 2004 CPA exam."
For the last several years, Lakeland has offered Preparation for Practice as a CPA, a course designed to prepare students for the CPA exam that also provides credit toward Lakeland's master of business administration degree.
Lakeland also recently added a concentration in accounting to its MBA program, in addition to its general MBA degree and a concentration in finance.
In the 2005 Reports and Commentary on the 2004 CPA Examination, Lakeland was ranked:
Lakeland had the highest pass rate of all public and private colleges and universities in Wisconsin on the Regulation section of the exam, which focuses on tax accounting and business law topics.
No other private college in Wisconsin was listed in any categories in the report.
Lakeland has one of the largest accounting programs in the state with just under 700 students enrolled in its accounting program.
Lakeland's undergraduate accounting degree is offered to students at Lakeland's main campus in Sheboygan County, and at each of the Kellett School Centers: Central Wisconsin Center in Wisconsin Rapids and Marshfield, Chippewa Valley Center in Chippewa Falls, Fox Cities Center in Neenah, Green Bay Center, Madison Center, Milwaukee Center in West Allis and Sheboygan Center. The accounting degree is also available through Lakeland College Online and through Lakeland's BlendEd delivery method, which gives students the option of taking courses in the traditional classroom or online.
CPA is a special designation given to an accountant who has passed a national uniform examination and has met other certifying requirements. CPA certificates are issued and monitored by state boards of accountancy or similar agencies.
The exam is made up of four parts, is computer-based and consists of multiple-choice questions and simulations (case studies) that test the knowledge and skills required of entry-level CPAs.