Professor Elam

Accounting & Investing Info for San Antonio A & M

recent posts

about

Category: Financial Acct

  • Going Concern at Spirit Airlines

    8/12/2025 Spirit Airlines said it might not continue to operate if its financial results don’t improve faster than it previously expected. The budget airline emerged from bankruptcy in March, but travel demand among price-sensitive consumers has remained under pressure. It has taken steps to enhance its product in response, including through a premium economy travel…

  • Going Concern at Eastman Kodak

    8./12/2025 Eastman Kodak KODK -19.91%decrease; red down pointing triangle swung to a second-quarter loss and warned about its ability to pay its current debt obligations, as it attempts to find savings by terminating its retirement pension plan. On Monday, the company reported a second-quarter loss of $26 million, or 36 cents a share, down from…

  • NRG Derivatives Slight of Hand

    6/12/2025 NRG Energy NRG 1.29%increase; green up pointing triangle , one of the S&P 500’s biggest year-to-date gainers, has volatile earnings due to its large derivatives-trading operation. Late last year, an accounting switcheroo let it start acting like some of those gyrations don’t exist. While that smooths the company’s results, it poses a dilemma for…

  • Stocks Have Reached a Permanently High Plateau

    4/2/2025 Important dates from 1929 At the time he said it, in early October, he had good reason to believe he was right. On Sept. 3, 1929, the Dow Jones Industrial Average swelled to a record high of 381.17, reaching the end of an eight-year growth period during which its value ballooned by a factor…

  • Carman Blough Addresses the NY Society CPAs

    4/2/2025   In 1933-34 there really were no accounting principles aka GAAP. Mr. Blough Chief Accountant of the SEC makes this point. After examining scores of financial statements he urges CPAs to create GAAP. January 1937 Meet Carman Blough   Now read his speech   No surprise, the Committee on Accounting Procedure CAP was creatred…

  • Tariffs and Trade Wars

    3/5/2025 Britannica on tariff and currency wars

  • Information Sources

    2/13/2025   https://www.britannica.com/ https://www.encyclopedia.com/ https://www.wikipedia.org/ https://www.investopedia.com/ https://curiositystream.com/ https://www2.deloitte.com/us/en.html https://www.ey.com/en_us https://www.pwc.com/us/en.html https://kpmg.com/xx/en.htm https://www.grantthornton.com/ https://www.forvismazars.us/ https://www.bdo.com/ https://www.whitleypenn.com/ https://www.adkf.com/ https://www.ssacpa.com/  

  • Kennedy Center Is Broke, Trump Cleans House

    Thursday 12/13/2025 Everybody's money is nobody's money No cash, no reserves, maintenance overdue who is Ric Grenell?

  • Firms Exit Delawaare

    2/1/2025 Delaware is an hsitoric state for corporate legal headquaerters, not so much today. Following Elon Musk firms are leaving for Nevada or Texas. The New Civil War continues and this time the Union Army is losing.

  • KPMCPA Information source

    Weekend 1/18/2025 I happened across this KPM CPA website by accident   Check out the articles and the search engine