Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Ethics
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Monday January 15, 2018 The Big Four Audit firms are continually engaged in audits around the globe. And invariably some of them blow up or the auditors are found guilty of gross or ordinary negligence. Recall that a year ago the two PwC Accountants at the Academy Awards. Ignoring warnings to not use social media…
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Weekend January 6, 2017 In the January 6 2018 WSJ Nial Ferguson discuses the importance of order. Meet Nial Ferguson
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Wednesday November 21, 2012 I have for many years published Emerson's Essay on Gifts prior to Black Friday. Ralph Waldo got it right in 1844, and he is still right today, consider this excerpt But it is a cold, lifeless business when you go to the shops to buy me something, which does not represent…
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Thursday Sept 21, 2017 This is the result of a study of 150 3 and 150 5 year olds. The children were told they were smart, and then asked to identify the next card that would be pulled from the deck. They were told that six correct guesses would result in a reward. When left…
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Tuesday Sept 19, 2017 Why They Dot It is a look inside the mind of the white collar crimiminal. The author discusses theories for such action. He interviewed Bernie Madoff many times and comments on his abstraction and attempts to rationalize his behavior. This is highly recommended for those interested in the why of…
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Friday Sept 15, 2017 An alert TAMUSA accounting student found this interesting Frontline video. It is about the only bank prosecuted over the 208 financial crisis.
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Weekend July 29, 2017 FLS missed its expected quarterly earnings. Net earnings came in at 22 cents, half the expected 44 cents. Read the article to see how this changed the overall market capitalization. And in the when it rains it pours department or Things are blackest just before they go, pitch black A law…
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Wednesday June 28, 2017 For several years I have started a Who's the Worst list of Fraudsters. Last year I began in the summer and ran to January of 2017. Each Fall I begin a Who's the Worst list of fraudsters.This is preparation for the Accounting Ethics 5308 class taught in the spring. One…
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Wednesday June 14, 2017 Verizon closed on its $4.4 B acquisition of Yahoo this week. The new President, Marissa Mayer, unable to turn the company into a Google or FB, did arrange the sale. Yesterday I completed my required ethics class for maintaining my CPA certificate. The presenter mentioned several fraudsters who literally stole money…
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Wednesday May 10, 2017 Jose Cardenas, Roseann Palmer, Rosalinda Proscelle, Lura Zuniga – The Real Scoop on Blue Bell What a clever title! The students contrasted this case with the J & J recall of Tylenol. Instead Blue Bell used Creep Recall thinking it was a limited problem. The result was that Sid Bass loaned…
Professor Elam 