University of Phoenix, a wholly-owned subsidiary of Apollo Education Group, Inc. (APOL) has partnered with Intuit Inc. (INTU) to incorporate the latter’s QuickBooks Online software in its accounting degree program. On completion of the course, students will be QuickBooks certified through Intuit.
The University of Phoenix School of Business will include QuickBooks Online in its Accounting courses ACC/290 and ACC/291 (Principles of Accounting I and II). These accounting programs are compulsory for all accounting students at the University of Phoenix School of Business.
QuickBooks Online is a popular solution widely used by accounting professionals across the world. The inclusion of QuickBooks Online in accounting programs will improve the employability of the students by bridging the gap between education and business.
Apollo Education has always focused on connecting students to careers of their choice by offering innovative and effective education programs that produce concrete results. These programs ensure that students can adapt easily to the new workforce demands, technological innovations and economic, political and competitive dynamics.
Apollo Education has been focusing on corporate and community college partnerships to educate the workforce. Apollo has established nearly 3,000 corporate relationships with some major Fortune 500 companies. The company is working directly with organizations such as Yahoo! Inc. (YHOO), Microsoft Corp. (MSFT), CBS and the American Red Cross, among many others. Student retention/persistence within this channel is significantly higher than the traditional channels.
Apollo Education is consistently enhancing and expanding its services and investing in academic quality to improve student experience and outcomes. The company plans to offer 400 new programs in 2014 in most promising areas of business, education, IT and healthcare. Also, the University to Phoenix is creating professional education offerings (non-degree programs) with 45 new certificate programs in 2014.
Apollo Education carries a Zacks Rank #3 (Hold).