Wednesday, September 2, 2015

Accreditation revoked?

The famous school in Philadelphia, that has produced many capable people in politics and business, appears to be running out of steam. Its recent entries into politics appear less convincing – some paranoid and others ignorant, that the professors of the illustrious school may be holding their head in eternal shame. Even its business school, famous for finance and business, seems to have produced somebody who does not understand that the asset side of the balance sheet is not equivalent to net worth. Did the business school allow skipping Accounting 101 in its business program? How else would one explain it?

In a world crowded by educational institutions, accreditation should be at risk if graduates of a school, that it has awarded degrees to, do not understand basic stuff. Even if that person got a D in Accounting, the fact that the school was willing to hand out a degree, should be sufficient to put its accreditation at risk. It does not matter if it has Nobel Laureates in its faculty, if the school graduates a person of complete ignorance, one has to question the system. It has been tried before, another famous son of a school, up north, argued, he did not know accounting to avoid going to jail.

It is time for the famous school in Philadelphia to give up its accreditation, for its graduates seem to lack basic intelligence and knowledge.