Accreditation is an important concept in higher education. Accreditation is defined as “the action or process of officially recognizing someone as havinɡ a particular status or beinɡ qualified to perform a particular activity.” For higher education institutions, the institutional accreditation process is performed by a peer review board of faculty from other institutions, who investigate the institution based on criteria that includes its requirements for admission, faculty reputation, and the quality of its educational programs, to name a few. It indicates that a college, university, or school has a system in place to measure performance, to identify areas for improvement, and to implement remediation. It is a process of continuous improvement.
There are different levels of accreditation. A major, general accreditation is regional. HFU is accredited, at the University level, by the Middle States Commission on Higher Education. There are regional accrediting bodies across the US and accreditation is based on geographic location. For professional Schools, like the HFU School of Business Administration, there are specialized, professional accrediting bodies. The most widely known bodies for Schools of Business are the Association to Advance Collegiate Schools of Business International (AACSB) and Accreditation Council for Business Schools and Programs (ACBSP). HFU is accredited by ACBSP. Both organizations signify quality in business programs but differ on their approach.
AACSB was established in 1916 and focuses on faculty research. Universities accredited by AACSB expect faculty to conduct research in business theory, in addition to their teaching load. Larger universities tend to focus more on research and publishing, therefore, many are accredited by AACSB. ACBSP was founded in 1988. It focuses on teaching excellence and the achievement of tangible learning outcomes. ACBSP focuses much more on continuous quality improvement. Both bodies require a rigorous review process to ensure that programs meet and maintain accreditation standards.
HFU believes it offers a strong and high quality business eduation to all students. It was first accredited by ACBSP in 2011. Accreditation status is reviewed every two years, through the submission of Quality Assurance Reports. Programs go through a thorough and rigorous self-study and site visit every ten years. Many of our program meet the standards established by ACBSP. In addition to accreditation, you will find our faculty and administration to be helpful, experienced, knowledgeable, and truly care about student success during their time at HFU and beyond.
You will find an excellent resource concerning the value of business accreditation associated with the "Why Accreditation?" link below.