Professor Elam

Accounting & Investing Info for San Antonio A & M

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Category: Financial Acct

  • Current Assets – How to Evaluate Credit Worthiness

    Wed January 15, 2014 I have mentioned the Certified Book Keeper Exam. The American Insitute of Professional Book Keepers puts out helpful newsletters on a variety of subject. In Acct 3311 we study Current Assets, specifically Accounts Receivable. I just received these tips on evaluating receivables and wanted to share them with you. Note I…

  • Financial Reporting for Private Companies

    Monday January 13 2014   We are glad to receive reports from Resources Global Professionals. Here is their latest on Private Company Reporting   Dennis Elam   ____________________   The Financial Accounting Standards Board (FASB), in conjunction with the Private Company Council (PCC), recently finalized the Private Company Decision-Making Framework: A Guide for Evaluating Financial…

  • Consumer Discretionary Turns Down

    Monday Jan 13 2014 In  TMP this weekend we suggested stocks look rather toppy. Just this morning Lulu and Sodastream are selling off. Read the link to see how news of lower eranings is causing unease among investors. This is why we study the construction of earning per share.  LULU SODA Students in my classes are aware that…

  • MSFT In Search of a Better CEO

    Wed January 8 2014 A recent article asked why it was so hard to find another CEO for MSFT. I suggest the challenge if inding a better CEO for MSFT.  Alan Mulally at Ford says he will stay with Ford and has no interest in MSFT. Smart guy, that is not his background for starters. And…

  • What Price Twitter

    Posted Thursday Nov 14 2013 We are studying equity in ACCT 33312 as well as calculation of E/S. here is an analysis of the pric3e of Twitter shares. Facebook and Yelp are trading at 21 and 16x earnings, but Twitter is priced at 56x of future earnings. That is rather steep as this analyst indicates.…

  • Will J C Penny Pass the Going Concern Test?

    Posted Tuesday Oct 15 2013 Analysts now wonder if J C Penny will last until the second half of 2014 to turn the company around. After losing sales under Ron Johnson's tenure, many wonder if it is too late for the venerable retailer. Compnanies must pass a going concern test for a clearn audit opinion to…

  • Thinking Through the Transaction

    Monday Oct 7 2013 While accountants are routinely characterized as unthinking unfeeling robots on television while lawyers of course are modern Lone Rangers, this is hardly the truth. Recording transactions requires a logical thought process.  I recently wrote  a piece on creating a ladder of success towards certification. In that article I suggested beginning down stream of…

  • Righting the Ship at Nustar

    Monday Sept 23 2013 Last week we ran an article describing how Sears, Radio Shack, and JC Penny had lost their way.  Today we spotlight Nustar Eenergy.  Nustar got off into asphalt nd crude oil refining. The asphalt market plunged on the financial crisis and the small refinery, just down the street from TAMUSA, has been…

  • Summers Out, Bond Prices Firm

    Monday Sept 16 2013 Lawrence Summers bowed out as a potential FED Chair paving the way for Janet Yellen, a longtime FED aparachik, to be nominated.  But I have urged you to read he links on this blog to understand more about markets. Here isa  screen shot of the comments on marketwatch this morning, can…