The College of Business is the business school at the University of Illinois at Urbana-Champaign. It offers programs in accountancy, business administration, and finance. The undergraduate and graduate accounting programs are regularly ranked as the best in the country by U.S. News & World Report. The accounting programs also consistently rank within the top five of the Public Accounting Report. The Chronicle of Higher Education ranked the Department of Finance third in faculty scholarly research productivity. The University Senate approved the College of Commerce and Business Administration on June 9, 1914 at the request of David Kinley, a University Vice-President who would later serve as President of the University of Illinois. The College was officially formed on April 27, 1915 through a vote of the University of Illinois (UI) Board of Trustees (see governance in higher education). The college began with three departments: Economics, Business Organization and Operation, and Transportation. The college underwent a major reorganization which began in 1951. At the time, several faculty from economics wanted their department housed in the College of Liberal Arts and Sciences (LAS).