Assurance of Learning (AOL): Case Study in a Capstone Finance Course at Indiana University South Bend Comparative Analysis of Classes O ver the Years 2017 and 2018

Abstract: Assurance of Learning (AOL) has become an increasingly important dimension in Association to Advance Collegiate Schools of Business (AACSB) evaluation standards. In this case study, the authors developed and used a distinct AOL model to measure the impact on students learning in a capstone finance course at a state university in Indiana. Direct assessment of students learning is tested in closely controlled classroom environment through exam. A comparative analysis is completed using AOL developed model for the years 2017 and 2018. The findings suggest the mean non-AOL grade (85.67%) is significantly higher than the mean AOL grade (58.60%) in the year 2017. The same was observed in 2018, the mean non-AOL (85.53%) was significantly greater than the mean AOL grade (70.96). A poor performance in AOL model category indicates that the AOL model developed for this study successfully measures Assessment Process.

Key words: assurance of learning (AOL); case study; capstone finance course

        JEL codes: G