Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Thursday Sept 15 2016 We are studying bonds in ACCT 3304. I have advised all classes that much can be learned in context by reading the WSJ. Today's issue has several articles on bonds. Long Bonds Waiver in Volatile Trading The Streetwise column warns of further possible bond price declines after decades of advance. Heard…
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Time Well Spent We Interview Keriann McSweeney at RGP Keriann McSweeney is the new Managing Director of the Resources Global Professionals RGP office in San Antonio. We have a multi-year relationship with RGP so were interested in meeting the new Director. RGP specializes in providing intellectual capital on demand to clients across industries. Clients include…
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Labor Day Weekend Sept 4, 2016 In today's SA Express News Michael Taylor note the Dallas Police and Fire Pension system has an unfunded liability per member of $213,712. Houston is next at $128,576. In what is surely an hilarious , knee[slapping moment Moody's downgraded Houston debt this last March 16, 2016 to Aa3. With…
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Sept 1 2016 Thursday Thank goodness for Lululemon. Female students need not worry about he stigma of wearing reasonably priced togs to yoga class. Yep the hey day of $100 yoga pants and $50 tops has arrived. But is Lulu stock a bit pricey at 30 times earnings? this is an example of how reading…
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Wednesday August 31 2016 Firms have been routinely reporting prettied up non GAAP earnings reports. This of course is contrary to what the SEC via the FASB would prefer. In intermediate accounting we study Generally Accepted Accounting Principles. Firms have been generally ignoring them in favor of their own customized version of what happened. Read…
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Weekend August 13, 2016 FBI accountants used forensic techniques to solve the French Laundry burglary. The French Laundry is not a laundry but a famous restaurant in Napa Valley, ground zero for wineries in California. Read the story it is better than my trying to recount it for you. The FBI has always required agents…
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Friday July 15, 2016 KPMG finds only 37% of companies are confident of implementing new standaards. Resource Global and Aventine Hill are both highlighted in the sidebar at left. The difficulty of implementing such standards is why there is great demand for such services. We study the new revenue recognition and lease rules in Intermediate…
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Sunday July 10, 2016 One cause of firm failure is the inability to detect change and adapt to it. Here is a 1991 Radio Shack advertisement. Nearly every thing listed here can now be done by a mobile phone, tablet, or laptop. Failing to see what was happening doomed RSH.
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Tuesday June 7, 2016 The AICPA has a page on the new accounting lease rules.
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Friday May 20, 2016 Abraxas announced it would price its new 25 million share offering at $1. The stock ended trade yesterday at $1.33. Needless to say this announcement took the current shares down to the $1 level, a drop of 23%. This is known as 'watering the stock.' And I don't mean as in…
Professor Elam 