A way for the government to tell people which school to go to.
My parents want me to go to this school because of its accreditation.
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A total scam brought about by a good old boys club and federal government criminals to bilk dumb college brats out of their dads money, and thereby send them away with a so called education where thay are more stupid when they leave than when they started.
My University has accreditation.
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Self-accreditation is a process by which training providers create evidence or proof of learning content without involving third-party organizations. This method is particularly popular in contexts where no external regulator or authority is mandated to provide quality control of learning content. Self-accreditation allows training providers to demonstrate their high standards by publishing the aims of the learning event, the skills transferred, and the outcomes achieved. Self-accreditation involves providing evidence of a training or learning event by combining the training content aims, skills, and outcomes with the training provider's details into a single verifiable and auditable document. This process can be applied to various types of learning content, including micro-learning and training courses that do not fall under the remit of a regulator .
This courses is self-accreditated but its provider. Microsoft's accreditation of trainers is a good example of self-accreditation.