Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Cost Managerial
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Thursday October 15, 2015 This author points out that just having an ISO standard does not make for qulality. Once again, it is the tone at the top that matters. If management does not mean it, it will not happen.
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Thursday Sept 3, 2015 Links to the Big Four Accounting Firms are on the left side of this blog. There is a great deal of information at all of them. For example, here is an update from IIA on KPMG's Top Ten Internal Audit Risks.
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Friday August 28, 2015 A big college campus can spawn and support some interesting local restaurants. A friend liked me to sticks and stones. the first page is their quality statement of how they make the food. Dr.Deming pioneered the idea of Total Quality Management. Here is a great example of just that in action.
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Tuesday July 28, 2015 BP had its worst quarter in ten years. A write down on Libyan investment and the spill settlement took profits lower. Here is the WSJ summary. LOW OIL PRICES, DEEPWATER HORIZON DEAL HIT BP BP PLC swung to a loss in the second quarter, a victim of lower oil prices and a $9.8…
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Thursday July 23, 2015 TAMUSA graduate Ed Rios and reader of this blog made a great post, here is his suggestion for MCD and its problems. Indeed WMT has targeted San Antonio in its battle with HEB. WMT built just the store Ed describes in the trendy Shavano area in NW San Antonio. It sits…
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Thursday July 9, 2015 Shake Shak is a burger chain that went public this year. Goldman suggests selling it. There is a video in this link illustrating the burger. I noticed a shake is $5.25, no wonder these guys are making money. Frankly this does not look very different from the offering at In and…
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Weekend July 4 2015 I disagree with MCD as number one when they are closing 350 locations. Which ones do you like, Why? What are they doing that exudes managerial accounting? This is a real challenge, I mean nothing new about a burger, but here are all these chains exploding with business with a bit…
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Weekend July 4, 2015 Texas is bar be que crazy, finding the 'best' bar be que restaurants has become the Holy Grail for Texas Monthly. Bill Miller operates 57 restaurants in the SA area, with others in Corpus and Austin. As a result in a fit of Rodney Dangerfield can't get no respect, on never…
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Weekend July 4, 2015 Frost Bank has a small booklet for free at its location. I wold call this their Mission Statement on Quality. It includes aphorisms like We wouldn't do anything with your money we would not do with ours. check out their philosophy here.
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Weekend July 4, 2015 My latest gearhead guilty pleasures are Jay Leno's Garage, new episodes posted late Sunday evening on youtube. and Wheeler Dealers, many older episodes are on you tube. Recently Jay Leno featured a lady who is CEO of In and Out Burgers, the daughter of the founder I believe. She is driving…
Professor Elam 