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Accounting


Welcome to Accounting > 1

BS Accounting > 2

Internal Audit > 3

Master of Accountancy > 4

MAcc Trip > 5

Student Organizations & Activities > 6

Points of Pride > 8

Competitions | Scholarships > 9

Career Opportunities > 10

Beyond the Classroom > 11

PhD Program > 12

Research > Inside Back Cover

MAcc students in Nicaragua sample the beans and the brew at MACER Coffee while gaining an understanding of how business is conducted in Central America.

The Department of Accounting produces graduates at every level who excel in their pursuits and are prepared for careers in public accounting, industry, and government through required and elective courses in financial accounting, cost, audit, taxation, and internal audit. Students have the opportunity to pursue a bachelor’s (120 hours) and master’s (30 hours) degree, allowing them to earn a graduate degree while completing the 150 hours needed to become a licensed certified public accountant. In addition, a PhD in accounting is available for those who wish to one day work in academia. You can be a part of this group and receive instruction from department faculty who publish articles in top academic and professional journals, write textbooks and trade books, and are active participants in the accounting profession, resulting in an education from the academic and real-world perspectives.


Welcome to Accounting Thank you for considering the Department of Accounting for your path to a bright future. One of our major goals is to challenge you in coursework with cutting edge instruction that is relevant to industry. We stay relevant to industry by maintaining a close relationship with the accounting profession and the rest of the business world. You can network with our industry partners and sponsors at conferences and oncampus events, experience our nationally renowned internal audit program, pursue the growing field of data analytics, and work with world class faculty who understand the real world. — Thomas J. Phillips Jr. Department Chair and Professor

Assistant Department Chair and Senior Instructor Laura Wiley will encourage you to get involved outside of the classroom by participating in service activities and social functions sponsored by our student organizations. “You can have a lot of fun with your classmates and still be serious minded about your studies,” says Wiley. Pictured above — MAcc students studying abroad in Nicaragua — from left to right: Brent Larimer, Kearia McCants, Blaire Budetti, Emily Kilpatrick, Bailey Gant, Kylie Richard, and Laura Wiley.

The LSU Center for Internal Auditing program, considered to be the premier internal audit program in the world, is a unique, dynamic educational program that has become a model for similar programs in other schools and countries. You can receive valuable preparation for the Certified Internal Auditor Exam and participate in an optional internship program that has placed over 2,500 students in positions that have helped clarify career opportunities. “I am proud of our program,” says Glenn Sumners, director of the Center for Internal Auditing, “and invite you to join us.”

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Assistant Professor Sanaz Aghazadeh lectures accounting students on the finer points of decision making in relation to the audit profession.

BS Accounting Accounting, the language of business, defines transactions so they can be used to describe business activities. Learning this language allows you to communicate and understand the financial operations of any and all types of organizations. Indeed, accounting graduates go on to pursue careers in a variety of areas including auditing, corporate accounting, government accounting, information systems, tax planning/compliance, and assurance and tax. To start you on this journey, the Department of Accounting offers: > Bachelor of Science in Accounting — A 120-hour program that teaches students to show proficiency in accounting technology, demonstrate research skills, defend proposed solutions to accounting problems, and improve communication skills. > Minor in Internal Audit — Students can earn this minor by completing 15 hours of courses in accounting and information systems & decision sciences. Students must have a 2.0 GPA in the courses used to satisfy the minor, and at least nine semester hours must be taken on this campus. You can also minor in energy, entrepreneurship, information technology management, and personal investing. Undergraduate students may also specialize in internal auditing. business.lsu.edu/bsaccounting

My goal in teaching is to provide you with knowledge that you will carry forward into your future career. To achieve my goal, I create a sense of community that allows you to be comfortable in the classroom where you can interact with other students and ask questions. When students share and listen to each other’s unique perspectives, they contribute to the classroom community making it stronger. I also spark your interest by discussing real world and everyday experiences that relate to the subject matter, making it is easier for you to retain the information and apply the concepts in the future. — Sanaz Aghazadeh Assistant Professor

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Professor Glenn Sumners, Director of Center for Internal Auditing

LSU’s Center for Internal Auditing in the E. J. Ourso College of Business > Offers a multidisciplinary program that can enhance career possibilities, regardless of what major you have declared. Students from more than 20 different business and nonbusiness majors are part of the program. > Is considered the premier internal audit program internationally. The program offers a unique and dynamic curriculum that emphasizes tactical, strategic, and operational auditing as a value-added consultative function. The program provides training on corporate governance, risk, and controls. Students who complete the program develop an understanding of the internal audit profession. > Is recognized as one of five schools in the world deemed a “Center for Internal Auditing Excellence” by the Institute of Internal Auditors. Only two of these programs are in the U.S. business.lsu.edu/cia

“Internal Auditing is an independent and objective assurance and consulting activity that is guided by a philosophy of adding value to improve the operations of the organization. It assists an organization in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s risk management, control, and governance processes.” — Institute of Internal Auditors Professional Practices Framework

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William Balhoff, Managing Director and CEO for Postlethwaite & Netterville, former Chair of the AICPA Board of Directors, provides valuable industry insight at the MAcc orientation.

Master of Accountancy The Master of Accountancy (MAcc) program at LSU is a fifth-year professional program. Its objective is to provide students with a greater understanding of accounting and business than is possible in an undergraduate program. MAcc students develop superior technical accounting knowledge, strong analytical skills, strong written and oral communication skills, and highly developed interpersonal skills. They are also prepared for careers as professional accountants in public practice, industry, financial institutions, government, and nonprofit organizations. The MAcc requires 30 hours of non-thesis coursework. It is primarily designed for those with undergraduate preparation in accounting; however, exceptional candidates from other disciplines may be considered. Upon completion of the program, a student will have completed Louisiana’s 150-hour educational requirement for a CPA license. business.lsu.edu/macc

Specializations You can concentrate your MAcc focus with a specialization in Internal Audit, Financial Reporting and Assurance Services, or Taxation Services. Internal Audit ­— independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. Financial Reporting — the process of producing statements that disclose an organization’s financial status to management, investors, and the government. Assurance Service — independent professional services, typically provided by Chartered or Certified Public Accountants or Chartered Certified Accountant, with the goal of improving information or the context of information so that decision makers can make more informed, and presumably better, decisions. Taxation Services — include compensation and benefits consulting, international tax, private wealth services, state and local tax, strategic federal tax, tax accounting and risk advisory services, and tax compliance.

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MAcc Trip Each year over spring break, MAcc students make the most of their time in the program by attending a study abroad trip as part of a course focusing on international business learning and consisting of research elements, business visits, and cultural excursions. “Traveling abroad is such a wonderful experience for our students,” says trip leader Laura Wiley. “It’s a chance for them to step out of their comfort zone and learn about different cultures, geographies, and ways of doing business.” From the top: students zip lining through a tropical forest in Nicaragua; students tour a Nicaraguan coffee farm gaining an opportunity to understand coffee from its source to its final destination at the processing plant, students tour such culturally rich cities as Granada, Masaya, and Matagalpa.

International Experience “Participating in an international business experience gives you the opportunity to learn things that cannot be taught in the classroom. The business people we met shared very honest and unfiltered views of the challenges they face, whether they be economic, social, or political. It was fascinating.” — Lane Arcana, 2016 MAcc graduate

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Undergraduate Student Organizations BAP — Beta Alpha Psi is an honorary organization of financial information students and professionals whose primary objective is to encourage and give recognition to scholastic and professional excellence in the business information field. NABA — The National Association of Black Accountants was founded in 1969 by nine African-American professionals who were concerned with the limited participation of minorities in the accounting profession. NABA is dedicated to uniting accountants and other business professionals, as well as accounting and business students, who are committed to professional and academic excellence. Based on your interest, college-wide organizations such as Alpha Kappa Psi and Delta Sigma Pi are also available. Bottom line: be involved! business.lsu.edu/clubs

How to Succeed in Business… Accounting major Richard Wi-Afedzi (right) from Ghana, West Africa, found success and a community at LSU. “Throughout my college life, I’ve been very goal oriented and the first step I took to help achieve success would have to be when I moved into the business residential college where they assisted with scheduling classes and provided resources that would help me succeed,” Richard told us. “That same year I joined NABA where we worked on networking and personal branding. Later on, I was able to receive a scholarship from the E. J. Ourso College of Business and became a College Council Partner.”

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Students have an opportunity to speak with recruiters at the Business Networking Receptions held twice each year.

Student Activities Jumping Into Business Jumping into Business is a multi-day event, hosted by the Business College Council and student organizations in the college, that features a wealth of activities and events. In addition to a food drive for the LSU Food Pantry, students have the opportunity to visit with business-related student organizations and learn more about them, as well as visit with recruiters in the Rapid RĂŠsumĂŠ Review sessions. Etiquette Dinner Undergraduate and graduate students are invited each year to attend the Etiquette Dinner, which is hosted by the Business College Council. At the event, students sit with and learn from executives who are accomplished professionals in their respective fields. They also learn proper dining and job interview etiquette from an expert certified by the Protocol School of Washington. Speakers Throughout the academic year, students have the opportunity to hear from professionals; executives; local, state, and national leaders; alumni; etc., from various professions and gain valuable insight into industry and the current job market.

Students attend the annual Jumping Into Business event. Business and dinner etiquette are on the menu at the annual Etiquette Dinner. Speakers from Deloitte share industry insights.

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Points of Pride > Fall 2016 accounting graduates Erika Haguette and Dylan Perez were each recognized as University Medalists during the Fall 2016 Diploma Ceremony. Medals are awarded to those students who earned a GPA of 4.0 or higher during their time at LSU. > Each year, the Department of Accounting honors its outstanding students with thousands of dollars in scholarships in recognition of their academic accomplishments at the annual awards banquet. Awards are also presented to the untenured faculty member who has been most productive in academic research and to the faculty member who is dedicated to excellence in classroom instruction and a commitment to furthering the department’s instruction mission. > Accounting major Brittany Ellen Williams was honored as one of the Tiger Twelve Class of 2017. Tiger Twelve is an honor that has been presented to 12 seniors by the Office of the Dean of Students since 2003. Students selected are current, full-time students who have maintained at least a 2.5 GPA and best exemplified the seven tenets outlined in the LSU Commitment to Community, a statement of LSU’s basic principles as an academic community.

Pictured at top: Department of Accounting Chair Thomas Phillips meets with the Accounting Advisory Board, a dedicated group of accounting professionals who support our program and our students.

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Pictured from left to right: Deloitte Partner Leo Cailleteau; faculty member Sanaz Aghazadeh; Megan Keuther; Rebecca Werdine; Ethan Collins; Ellie Bowen; Ryan Lachney; and Deloitte manager Ryan O’Malley.

LSU wins Deloitte Foundation National Student Case Study Seminar A team of undergraduate and graduate accounting students from LSU captured first place in the Deloitte Foundation’s 21st annual National Student Case Study Seminar. Competing against teams from five other national finalist schools, the LSU team applied its burgeoning skills to solve and present a real-world business case study in accounting and auditing. “The National Student Case Study Seminar is among the many programs our foundation supports to help develop the accounting profession’s future talent and help align audit education more closely with real-world challenges,” said Tonie Leatherberry, president of the Deloitte Foundation, adding “congratulations to all the teams and especially the winners, whose work demonstrates the power of critical thinking and the complement of technical knowledge and soft skills today’s audit professionals will need to help them succeed.” The Deloitte Foundation awarded each of the five members of the winning team a $2,000 scholarship and recognized the E. J. Ourso College with a $10,000 award in support of its accounting program.

Accounting Major Victoria Ranzino Awarded Prestigious PCAOB Scholarship Accounting major Victoria L. Ranzino of Lafayette, Louisiana, was awarded a $10,000 scholarship from the Public Company Accounting Oversight Board (PCAOB). The PCAOB Scholarship Program awards funds to outstanding undergraduate and graduate students enrolled in an accounting degree program at a regionally accredited U.S. college or university. “I am excited, humbled and honored to receive this award,” said Ranzino, adding “It is encouraging to receive this recognition and really makes me proud to be part of the accounting profession.” The program is merit-based and awarded to select students who demonstrate interest and aptitude in accounting and auditing while maintaining and demonstrating high ethical standards. “I wouldn’t have had these opportunities if not for LSU,” said Ranzino. “It makes me proud to be a Tiger.” 9


Career Opportunities Internships

Your Career

Internships are a great way to interact with industry professionals, learn about potential career choices, and gain valuable experience while still in school. We encourage you to pursue an internship on your own or with the assistance of our many resources. You may be able to earn credit for your internship work as well and we want to discuss options with you.

We will work with you on your search for a meaningful career that meets your passion. You can work with the new Office of Business Student Success within the E. J. Ourso College of Business and with the Olinde Career Center at the university level to obtain career-related work experiences, develop job search skills, and find not just a job, but the right job.

Rana Abushamsiyeh interned with Deloitte in the summer of 2017. “My internship with Deloitte has been a dream come true. The most valuable takeaway has been during the times when certain tasks did not make sense. I learned more about myself in terms of where I see myself fitting in the realm of public accounting,” said Abushamsiyeh. “Deloitte not only gives you the opportunity to work with the best, but allows you to challenge yourself and grow as an individual. My summer internship has allowed me to experience a more nuanced and deeper level of problem solving that is not easily accomplished in the classroom.”

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Beyond the Classroom You can expand your learning experience by participating in activities outside of the classroom. 5

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1. Beta Alpha Psi members enjoy crawfish and fellowship after participating in Geaux Big, a large, one-day service experience that unites LSU students and the surrounding Baton Rouge community. 2. Service to the community is an important part of the student experience. 3. You can learn so much from participation in national competitions. 4. Attendance at industry conference provides perspective and networking opportunities. 5. Sometimes it is just about having fun with classmates.

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Associate Professor Kenneth J. Reichelt, Director of Graduate Studies, advises PhD candidates about research opportunities in the college.

PhD Program The PhD in accounting is designed to produce top scholars who will conduct top-tier, original research that makes a significant contribution to knowledge within the accounting discipline. By the completion of the program, students are expected to demonstrate an in-depth understanding of the theoretical, conceptual, and research foundations of accounting. While teaching is an integral part of an academic position in accounting and will be required by students in the program, the primary focus of the PhD program is acquisition of research skills. The combined experiences realized through the curriculum are designed to prepare the student to be a researcher, teacher, and colleague at the university level. Individuals can expect to spend two years on coursework and two years or more completing a dissertation. Students must also pass a qualifying exam upon finishing the required coursework, which consists of advanced classes in economics, finance, and accounting. Doctoral education is a collaborative process so PhD students should expect to work with their peers in accounting and other disciplines, as well as with faculty. business.lsu.edu/phdaccounting

PhD Student Profile PhD student Laura Alford participated as a Doctoral Consortium Fellow at the 2017 AAA/Deloitte Foundation/J. Michael Cook Doctoral Consortium held June 14, 2017 through June 18, 2017 at Deloitte University in Westlake, Texas. The primary objective of the annual consortium is to improve the quality of future accounting education and research by enriching the experience of selected doctoral candidates from U.S., Canadian and international universities. The consortium provides a forum for examining accounting issues from different research perspectives. Formal presentations, panels and social activities provide opportunities for students to interact with today’s leading teachers and researchers and with their peers from other universities. Breakout groups provide opportunities for feedback on participants’ ongoing research and presentation skills. “The accounting doctoral consortium is unique because the students engage with world renowned scholars in our discipline and interact with our peers at other institutions. This kind of experience is invaluable and I was honored to have the opportunity to represent LSU,” says Alford.

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Research Journal Editors Areas of Research

> Assessment > Behavioral Accounting

and Professional Issues

> Capital Markets

Professor Glenn Sumners serves on editorial boards of the International Journal of Auditing and the Internal Auditor. D. Larry Crumbley, emeritus professor and adjunct faculty has been the editor of Oil, Gas & Energy Quarterly for over 40 years and more than 160 issues.

> Ethics

Crumbley and Assistant Professor Christine Cheng are the editors of The Journal of Forensic and Investigative Accounting (JFIA), an open access journal that publishes creative and innovative studies employing research methodologies that logically and clearly identify, describe, and illuminate important academic forensic accounting, fraud, and litigation services issues.

> Financial Accounting

Research Highlights

> Fraud

Associate Professor Dana Hollie’s co-authored work, “The Role of Financial Analysts in Stock Market Efficiency with Respect to Annual Earnings and its Cash and Accrual Components” was published in Accounting & Finance.

> Corporate Social Responsibility

> Empirical Auditing

> Internal Auditing > Risk Management

Associate Professors Joseph Legoria, Kenneth J. Reichelt, and Assistant Professor Jared S. Soileau published “Auditors and Disclosure Quality: The Case of Major Customer Disclosures” in Auditing: A Journal of Practice & Theory. Assistant Professor William L. Buslepp’s co-authored work, “Strategic Management Guidance and Insider Trading Activities” was published in The Journal of Accounting and Public Policy.

Fraud and Forensic Accounting Conference The Fraud and Forensic Accounting Conference is an annual event hosted by the Department of Accounting and features speakers from around the country. Topics discussed include fraud across various industries, such as energy and healthcare; red flags in investment fraud; what auditors look for in investigating fraud; and using technology to catch fraud. The conference is designed especially for certified public accountants, certified fraud examiners, certified internal auditors, forensic accountants, governmental accountants, attorneys, and other accounting and auditing professionals or educators.

LSU Tax Seminar The LSU Tax Seminar is an annual two-day seminar in which attendees discuss and are educated on the latest issues in the industry. Past topics have included education on the latest in federal tax developments, pending legislation on tax laws, and navigating the Affordable Care Act.


LSU E. J. Ourso College of Business

@LSUOursoCollege

@lsuoursocollege

LSU E. J. Ourso College of Business

business.lsu.edu/accounting accounting@lsu.edu 2800 Business Education Complex ¡ Baton Rouge, LA 70803

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Profile for LSU E. J. Ourso College of Business

LSU E. J. Ourso College of Business Department of Accounting  

An official publication of the LSU E. J. Ourso College of Business

LSU E. J. Ourso College of Business Department of Accounting  

An official publication of the LSU E. J. Ourso College of Business