Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Thursday Sept 18 2014 Profits at GIS dropped 25%. And the stock dropped over 4% while sales are down 5%. GIS is buying an organic foods company but its small sales will not make up for the loss at GIS. General Mills blamed its marketing and promotions strategy for much of the disappointment, saying it wasn't…
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Weekend Sept 13 2014 Six days ago I posted regarding No Magic Camera Settings. This linked to a story by a pro photographer. He reports receiving requests for the settings he uses to get great shots. The writers of course assume that by using the same settings they too weill get great shots. It of…
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Friday Sept 12, 2014 Some nutcase suggested that small business go to accrual accounting. For once Congres has responded correctly voting for small business to retain cash basis accounitng. Many small businesses do their own accounting and would never get accrual right anyway. I seriously doubt that those just exceeding the $5 M level have…
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thursday Sept 11 2014 We have had Rado Shack RSH on the radar screen for some time. In our last post we noted it could be de listed if the stock price fell below one dollar and it is trading right ther today.
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Monday Sept 8, 2014 The British Pound slumped in value on the results of a new poll showing increased support for Scottish INdependence. I have been urging student to read current events for better contextual understanding of accounting. Here are the logical questions about this event. How is it that Scottish Independence is stirring now, see…
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Thursday Sept 4 2014 CVS will cease selling cigarettes. Why would a company forgo $2 Billion in annual sales? As this article says, there is more money in health care than in retail. CVS is transitioning to become a health care company rather than a pharmacy convenience store. Thsi as Professor Love would say, is a…
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Wednesday August 20 2014 Apple split seven for one after its stock suffered a serious fall from the $600 area. Since the split in April, it is up by 30%, to a new high . Why did Apple split its stock price? How does a stock split differ from a stock dividend? How might that…
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Wednesday August 20, 2014 Walgreen's CFO missed the 2016 gross revenue targe by $1.1 billion. The CFO and Pharmacy Chief are now resigning. Apparently the problem was the failure to factor in the higher cost of some generic drugs through the vagaries of Medicare Part D. WAG stock has fallen from 75 to 60. Accounting has…
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Friday August 1, 2014 I called this one correctly! I Have maintained that the SEC would not want to give up rule making authority and sure enough the IASB has formally announced it ain't gonna happen. For years we have herard that convergence was just around the corner as the distance to that corner grew longer…
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Thursday July 24, 2014 CPAs have been cound by the AICPA's Statements on ?Standards for Accouting and Review Services SSARS. That has allowed for three levels of statement preparation, compilation, review, and audits. A new standard will take effect December 15, 2015. A CPA will only prepare a compilation if requested. The view is that statement…
Professor Elam 