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Posted on 5/22/15 at 12:02 pm to Irons Puppet
quote:
How a University put a value on a Special Purpose Building in the middle of nowhere. is subjective at best.
If it is a building the University built or purchased it is put on the books at the cost to build or cost to purchase. If it's donated it is put on the books usually at the appraised value(appraised by a licensed appraiser) at the date of donation.
Posted on 5/22/15 at 12:03 pm to Irons Puppet
quote:
Is their endowment part of their cash equivalent ?
Do you even know the definition of a cash equivalent?
Posted on 5/22/15 at 12:05 pm to Irons Puppet
Just stop...you have no idea what you are talking about and trolling at the same time. Its a bad combination......
Posted on 5/22/15 at 12:15 pm to Aman
I am trying to understand how Bama is doing their accounting of the assets. I am sure part of their endowment is in a money market account. I do not know the restriction on an endowment, but I am sure you can explain it to all of us.
quote:
Do you even know the definition of a cash equivalent?
Posted on 5/22/15 at 12:19 pm to 14&Counting
quote:
Just stop...you have no idea what you are talking about and trolling at the same time. Its a bad combination......
Please break it down for all of us.
Posted on 5/22/15 at 12:19 pm to 14&Counting
Not sure what is going on here, but pretty sure AU is still bama's Daddy.
Posted on 5/22/15 at 12:21 pm to Tiger n Miami AU83
quote:
Not sure what is going on here, but pretty sure AU is still bama's Daddy.
Winless against bammer in SEC play in all 3 major sports in 2014-2015.
Posted on 5/22/15 at 12:24 pm to Tuscaloosa
and their AD is still a money loser......
Posted on 5/22/15 at 12:27 pm to Tuscaloosa
Yawn. A few wins in a few athletic events doesnt move the needle son.
AU = bama Daddy.
AU = bama Daddy.
Posted on 5/22/15 at 12:28 pm to Irons Puppet
Hi dumdums. Business person here. Many organizations carry debt. I know the word "billion" is big and scary to people who pray every time they write a check for cigarettes and Monster energy drinks at the Stop n' Shop across the street from their broke-down hovel, but it's just a number. Smart people with money continue to loan the University of Alabama money because they see it as a good risk-adjusted return on their capital. This is advantageous to Alabama because they can use that money for growth that they plan will return more money and value to the institution than the low interest rate on Aa2 rated debt.
Many of you are more accustomed to the high interest rate at pawn shops and cash advance places. Institutions don't have to panic-borrow at high costs so that they can buy cheap trucker speed at gas stations like you and your even dumber cousins.
The amount of Bama's debt (or anyone's, really) only becomes important if they can't pay the interest and principal payments OR if they are unable to keep borrowing money to extend the payment terms. Neither of these has happened (or is likely to happen) at Bama.
So, feel free to go back to talking about some other crazy, ignorant shite, like how the entirety of the SEC leadership puts a shitton of money at risk every day by advantaging Alabama over the rest of its members.
TL;DR - If you're reading this, you're probably too dumb to understand it.
Many of you are more accustomed to the high interest rate at pawn shops and cash advance places. Institutions don't have to panic-borrow at high costs so that they can buy cheap trucker speed at gas stations like you and your even dumber cousins.
The amount of Bama's debt (or anyone's, really) only becomes important if they can't pay the interest and principal payments OR if they are unable to keep borrowing money to extend the payment terms. Neither of these has happened (or is likely to happen) at Bama.
So, feel free to go back to talking about some other crazy, ignorant shite, like how the entirety of the SEC leadership puts a shitton of money at risk every day by advantaging Alabama over the rest of its members.
TL;DR - If you're reading this, you're probably too dumb to understand it.
Posted on 5/22/15 at 12:35 pm to BamaNixon
quote:
Hi dumdums. Business person here. Many organizations carry debt. I know the word "billion" is big and scary to people who pray every time they write a check for cigarettes and Monster energy drinks at the Stop n' Shop across the street from their broke-down hovel, but it's just a number. Smart people with money continue to loan the University of Alabama money because they see it as a good risk-adjusted return on their capital. This is advantageous to Alabama because they can use that money for growth that they plan will return more money and value to the institution than the low interest rate on Aa2 rated debt.
Many of you are more accustomed to the high interest rate at pawn shops and cash advance places. Institutions don't have to panic-borrow at high costs so that they can buy cheap trucker speed at gas stations like you and your even dumber cousins.
The amount of Bama's debt (or anyone's, really) only becomes important if they can't pay the interest and principal payments OR if they are unable to keep borrowing money to extend the payment terms. Neither of these has happened (or is likely to happen) at Bama.
So, feel free to go back to talking about some other crazy, ignorant shite, like how the entirety of the SEC leadership puts a shitton of money at risk every day by advantaging Alabama over the rest of its members.
TL;DR - If you're reading this, you're probably too dumb to understand it.
Hey dickhead, nobody was talking about Bama's debt in the recent posts.. We were talking about their assets. You are just the typical arrogant bammer, who starts talking about something that is not part of the conversation. You try to give examples based on your life and those around you, but it goes unnoticed,
This post was edited on 5/22/15 at 12:49 pm
Posted on 5/22/15 at 12:38 pm to Summer of George
what does that even mean. He was pretty clear in his explanation of how things work.
Posted on 5/22/15 at 12:39 pm to Irons Puppet
The University of Alabama accounts for their assets under GASB accounting standards just like all other Universities in this country. Do you think they can just value assets and record them anyway they like? Oh and while yes you are correct an Endowment could have some cash or cash equivalents within its investments, those are not broken out on the cash equivalents line on the statement of financial position.
Posted on 5/22/15 at 12:43 pm to Tiger n Miami AU83
quote:
Yawn. A few wins in a few athletic events doesnt move the needle son.
AU = bama Daddy
You know why Auburn is Bama's daddy? It's because you did not capitalize Bama. That is the ultimate show of disrespect and power over another.
Posted on 5/22/15 at 12:47 pm to Aman
quote:
The University of Alabama accounts for their assets under GASB accounting standards just like all other Universities in this country. Do you think they can just value assets and record them anyway they like? Oh and while yes you are correct an Endowment could have some cash or cash equivalents within its investments, those are not broken out on the cash equivalents line on the statement of financial position.
Thanks for your answer. As far as valuing a Public Asset, how does the Accounting standards address this issue. Does the value of a building at UA equal the same value of a similar building at NYU ?
Posted on 5/22/15 at 12:58 pm to Irons Puppet
i would think a value of a building in NY would be higher then Bama due to the property values, but I would assume that the depreciation of that building would follow the same rules. I am not really sure what you are trying to say.
Posted on 5/22/15 at 12:59 pm to Irons Puppet
quote:
What would those liquid assets be ?
The University of Alabama System has 4 Funds: Endowment, Prime, Intermediate, Short-Term Funds.
Together they hold $360 million in money market funds. The most liquid of assets.
The rest breaks down into securities like bonds and equities like stocks.
The funds' liquid assets break down:
Endowment Fund - $1,000,459,721
Prime Fund - $861,022,018
Intermediate Fund - $906,057,165
Short-Term Fund - $176,466,706
The Tuscaloosa campus' portion is the $1.3 billion I listed earlier.
Again, you can find these numbers in the link from before.
This post was edited on 5/22/15 at 1:11 pm
Posted on 5/22/15 at 1:00 pm to Scoreboard
Just wanted to say the whole "UAT wants to shut down undergrad at UAB" was a substantiated rumor going around USA circles back in Dec. when all this shite was going down.
Funny this article comes out now.
Funny this article comes out now.
This post was edited on 5/22/15 at 1:01 pm
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