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LSU Accounting
Posted on 1/25/23 at 11:21 am
Posted on 1/25/23 at 11:21 am
I love LSU but I am glad that I got my Accounting degree from Southeastern.
Baton Rouge Business Report link
LINK
Baton Rouge Business Report link
LINK
9
Posted on 1/25/23 at 11:28 am to jflsufan
People who say they have more money than they know what to do with are correct.
Posted on 1/25/23 at 11:33 am to jflsufan
My friend did accounting at lsu and he said they teach “holistic accounting” now since numbers are racist
He was cool with it at first until he did his final project. He had to calculate the widget output of his fake company in dimebags
He was cool with it at first until he did his final project. He had to calculate the widget output of his fake company in dimebags
Posted on 1/25/23 at 11:42 am to jflsufan
What does that article have to do with the accounting degree program?
Posted on 1/25/23 at 11:46 am to jflsufan
quote:
The school also misclassified nearly $6.7 million in severance payments as coaching salaries, benefits and bonuses on its Statement of Revenues and Expenses and omitted nearly $140 million in debt on its NCAA Financial Report.
Enron is on line 1
quote:
After suffering a $10 million deficit in 2021, the athletics department brought in $199.3 million in revenue last year while keeping expenses to $197.3 million. The school’s football program generated $95.1 million last year and made a net profit of $35.7 million—a nearly 19% increase from last year.
2% profit margin
Please tell me profit margin and 40 times share that lower is better?
Posted on 1/25/23 at 11:50 am to el Gaucho
That sounds more like an Econ degree. I had a professor that taught everything with prison economy examples using cigarettes as currency. This was an esteemed up and coming professor at LSU at the church one. He was great.
Posted on 1/25/23 at 11:51 am to Turf Taint
Robert Mann finna eat.
Posted on 1/25/23 at 11:53 am to jflsufan
So you think LSU's accounting professors do the books for the athletic department?
LSU Accounting Grad here. I've hired many SLU accounting grads and have no complaints. So won't be knocking your school in that regard. Southern on the other hand can barely add two numbers together.
LSU Accounting Grad here. I've hired many SLU accounting grads and have no complaints. So won't be knocking your school in that regard. Southern on the other hand can barely add two numbers together.
This post was edited on 1/25/23 at 11:54 am
Posted on 1/25/23 at 11:55 am to GRTiger
quote:
What does that article have to do with the accounting degree program?
Pretty sloppy accounting work. Maybe they don't hire LSU grads to work in LSU athletic department?
State auditors noted multiple errors related to coaches’ pay by the university’s athletics program last year. The school also misclassified nearly $6.7 million in severance payments as coaching salaries, benefits and bonuses on its Statement of Revenues and Expenses and omitted nearly $140 million in debt on its NCAA Financial Report.
Posted on 1/25/23 at 11:58 am to GRTiger
Pretty sure it was a joke.
Posted on 1/25/23 at 11:58 am to NS Who Dat Nation
quote:
So you think LSU's accounting professors do the books for the athletic department?
LSU Accounting Grad here. I've hired many SLU accounting grads and have no complaints. So won't be knocking your school in that regard. Southern on the other hand can barely add two numbers together.
It was really just a tongue in cheek comment.
Posted on 1/25/23 at 11:59 am to Epaminondas
quote:
Pretty sure it was a joke.
Yes it was.
Posted on 1/25/23 at 12:09 pm to jflsufan
quote:
I love LSU but I am glad that I got my Accounting degree from Southeastern.
Yeah, that Big 4 pipeline out of Southeastern is quite strong
Posted on 1/25/23 at 12:29 pm to Turf Taint
quote:
omitted nearly $140 million in debt
Someone needs to look into whoever is managing the TAF financials. The error on LSU's financial report was because TAF did not report any of their debt on their financial statements.
But the more concerning part is they have a 12-year loan expiring in 3 years and 45% of the principal is still outstanding. Didn't see any notes about being in default, but there are about to have a significant amount of money callable.
The overpayment to Kelly appears was caught internally, and they have plans in place to fix already.
And the other big "finding" was because some data entry person hit the wrong account number for severance payments. Bottom line was affected, but financials needed to be adjusted to be accurate.
Posted on 1/25/23 at 12:32 pm to GRTiger
quote:
What does that article have to do with the accounting degree program?
Maybe the accounting team at LSU got their degrees from southeastern
Posted on 1/25/23 at 5:35 pm to jflsufan
quote:
Pretty sloppy accounting work. Maybe they don't hire LSU grads to work in LSU athletic department?
Ahhhh, lol. I missed that implication completely. I thought I missed something.
LSU probably hires grads from other Louisiana schools anyway since LSU accountants all move to Texas and Georgia.
Posted on 1/25/23 at 5:39 pm to jflsufan
What does this has to do with accounting at lsu? I’d suggest reworking your title
Posted on 1/25/23 at 5:42 pm to jflsufan
LA Tech accounting degree is severely underrated
This post was edited on 1/25/23 at 5:42 pm
Posted on 1/25/23 at 5:44 pm to jflsufan
quote:We don't have any accountants working in the athletic department. We have external public accountants.
Pretty sloppy accounting work. Maybe they don't hire LSU grads to work in LSU athletic department?
This post was edited on 1/25/23 at 5:47 pm
Posted on 1/25/23 at 5:50 pm to jflsufan
Money well spent.
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