AACSB International, or the Association to Advance Collegiate Schools of Business, is a global nonprofit organization that accredits business schools and programs. Founded in 1916, it aims to enhance quality management education worldwide through rigorous standards and continuous improvement. AACSB makes money through membership fees, accreditation services, and educational events. Key historical milestones include its expansion to include global institutions and the introduction of specialized accreditation for accounting programs.