Thursday July 23, 2015 Thursday July 23, 2015 Check ou this Revenue Recognition Seminar. This is  indicative of the sweeping changes involved in the new ruling. I have mentioned in class that the EY presentation on this topic runs some 177 pages. 

Wed July 22, 2015 MSFT wrote down 80% of its $9.4 B Nokia buy out.  MSFT had to buy Nokia as its phone was the only one using a MSFT system. But Nokia is no powerhouse in the phone business anymore. When the carrying value of assets falls below the amount on the books, firms…

Friday July 10, 2015 The FASB has extended implementation of the new, and complex, revenue recognition rules, until late4 2017. In class I noted the EY informanual on the new rules is 177 pages long. Yikes!

Thursday July 9, 2013 the IMF has called for completion of the Dodd Frank rules.  As the IMF points out until then the rules are fragmented and unknown.  Professor Elam observation – it is all too typical of the government to fail to write rules they then expect the rest of us to follow. How…

Thursday July 9, 2015 Viral Nova is a site that specialized in displaying 'viral' video. Read how this one guy start up was sold for $100 Million. This is what they don't teach in college….

Wed July 8, 2015 We have discussed Sears Holdings SHLD numerous times on this blog.Once regarded as an investing whiz, owner Ed Lampert seems determined to render the former giant retailer moribund.  After creating an REIT which allows for a sale and lease back of the stores, Sears is now saddled with the high lease cost.…

Monday July 6, 2015 Failure to account for electric plant expenditures is resulting in the biggest accounting scandal since Olympus Imaging. This is a good article in terms of learning important concepts in accounting. Why are corporate earnings so important? What is a write down? How does a write down affect a company's stock price?…

Thursday July 2, 2015 Shale Drillers are losing the ability to hedge with $90 oil futures.  Prices on futures contracts have fallen so that this protection is not available. Read th article to learn how much of the recent income consisted not form drilling in Mother Earth but drilling in the futures market. We will…

Tuesday June 16,  2015 I thought you would find this explanation of what makes someone a valuation expert  interesting.    Hill and Ford I am proud to say are good friends of the TAMUSA College of Business.    h