History
ACBSP was founded in 1988 to accredit business schools with an emphasis on teaching and learning. At the time, only 260 out of 2,400 schools of business were accredited, all by the Association to Advance Collegiate Schools of Business (AACSB). Most or all of the AACSB accredited schools had an emphasis on research, while most other schools had an emphasis on teaching. On April 28, 1988, 150 of the non-accredited schools met in Kansas City, Missouri, to consider alternatives to AACSB accreditation for teaching-oriented schools.
On May 12, 1989, a study group completed a feasibility study and submitted recommendations for standard for accreditation by the ACBSP. In August 1992, ACBSP was recognized by the U.S. Department of Education as a specialized accreditation agency for business education. In June 1994, a U.S. Department of Education Advisory Committee recommended withdrawal of recognition for the ACBSP due to a determination that ACBSP accreditation would not be a "required element" in making an institution eligible to participate in U.S. federal government programs under the Higher Education Act or other authorities. However, at its meeting on January 22, 2001, the Council for Higher Education Accreditation (CHEA) Board of Directors granted recognition to the ACBSP. On September 19, 2011 The CHEA renewed its recognition of the ACBSP for a further 10 years.
In June 2010, the ACBSP changed its name from Association of Collegiate Business Schools and Programs to Accreditation Council for Business Schools and Programs.
Read more about this topic: Accreditation Council For Business Schools And Programs
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