LSU Finishes First at National Accounting Competition
April 5, 2016
BATON ROUGE – In its first time competing, a team of LSU Accounting students placed first at the 2016 Deloitte National Accounting Case Competition, beating Brigham Young University, University of Notre Dame, University of Missouri, Florida A&M University and Miami University of Ohio.
The event was held at Deloitte University in Westlake, Texas.
LSU’s team was represented by Ellie Bowen of Shreveport; Ethan Collins of Prairieville; Megan Kuether of Beaumont, Texas; Ryan Lachney of Baton Rouge; and Rebecca Werdine of Tampa, Fla.
“Our success is a result of the students’ hard work, as well as the strong support we received from our Deloitte representatives – Patrick Brandau, Leo Cailleteau and Ryan O’Malley – who traveled to LSU on several occasions to mentor the team,” said LSU Assistant Professor of Accounting Sanaz Aghazadeh, who served as faculty sponsor and coach of the team. “We are proud of our ability to represent LSU at such a prestigious event. We look forward to defending our national championship title next year.”
For the competition, each team was assigned a different case based on actual situations Deloitte encountered during audits. They then presented their findings to a panel of Deloitte partners and retired partners who serve as members of an Audit Committee. All cases included examining the standards in detail and applying professional judgment to determine the solution.
In LSU’s case, the team was assigned a scenario about a company in the gaming industry, transactions with its subsidiaries, and the subsidiary’s bankruptcy proceedings. The bankruptcy factor added an extra degree of complexity to the reporting of the businesses. The students were then required to research the applicable accounting rules and use their judgment to determine the proper way to account for and disclose the operations of the subsidiary.
“As an LSU alum … (I am) very proud of the students, as they represented LSU very well and impressed Deloitte leadership at this competition,” said Brandau, a partner with Deloitte & Touche LLP in New Orleans. “What was more impressive was this was LSU’s first time competing and they won, which was a first.”
About the LSU Department of Accounting
The Department of Accounting at LSU’s E. J. Ourso College of Business strives for excellence in teaching, research and service to the accounting profession. With a mission of producing graduates at all levels who excel in their pursuits, the department offers undergraduate and graduate programs that prepare students for careers in various fields, including industry, auditing, finance, government and academia. For more information, visit our home page, call 225-578-6202, or email firstname.lastname@example.org.
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LSU E. J. Ourso College of Business