Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday October 19, 2015 Fiat Chrysler wil put 10% of the total Ferrari shares on the market this Wednesday. The idea is valued at $9.8 billion. Production will be increased from 7,000 to 9,000 a year. CEO Marchionne claims that will not water down the demand or sales. Now appreciate that annual auto and light truck…
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Weekend oct 18, 2015 Illinois has stopped paying lottery winners of more than $600.. But the lottery continues to advertise and sell tickets. The State will not pay any more winners until, the financial crisis is resolved. So where will they get the money to pay the winners if they are spending the winnings now?
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Monday Oct 5, 2015 Fiat Chrysler is planing on selling 10% its shares of Ferrari as an IPO. The remaining 80% will go to FCA Fiat Chrysler shareholders. The other 10% belongs to Enzo Ferrari's son. Here are the risks to buying Ferrari shares. We are studying equity in ACCT 3302 and 3304. An IPO…
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Monday Sept 28, 2015 Last April GE finally announced plans to separate its finance unit. The thinking was that the industrial unit would carry a higher P/E. And then, earnings estimates for GE began to fall. The falling oil price meant fewer opportunities for some of GE divisions. But having sold the finance unit, GE…
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Monday Sept 28, 2015 Last April GE finally announced plans to separate its finance unit. The thinking was that the industrial unit would carry a higher P/E. And then, earnings estimates for GE began to fall. The falling oil price meant fewer opportunities for some of GE divisions. But having sold the finance unit, GE…
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Friday Sept 25, 2015 The FASB is set to tackle materiality. Frankly after what they have done with revenue recognition and leasing, I doubt this is good news. Do we need more rules? The proposals are part of the disclosure framework project FASB is undertaking to improve the effectiveness of disclosures in notes to financial…
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Sept 23, 2015 Note We are studying equity and share based compensation in ACCT 3304. There is a lot to learn in this article on the difficulty or raising capital in a down market. Be sure to read the article on page B 3 in today's WSJ. Weatherford WFT had announced plans to raise $1…
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Thursday Sept 17, 2015 The Committee of Sponsoring Organizations COSO recently issued new rules on internal control. This article summarizes that update, this is exactly the sort of article intermediate and audit students should be reading.
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Thursday August 27 2015 The financial services industry is under attack. this article explains steps to prevent money laundering and other creative crimes.
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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…
Professor Elam 