Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday August 26, 2013 Steve Ballmer announced he will step down as the MSFT CEO by next year. The reaaction was an immediate jump in the stock price of two points. That raised Ballmer's net worth by $769 M. Now suppose one of your firends, a psychology major, asked you to explain what happened. Can…
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Friday August 16 2013 The PCAOB implemented their suggestion for changing the external auditor report. These are huge changes, the first in decades. We will be discussing this in class this semeser. I have a power point on this that I delivered as CPE to Sa IIA and SA IMA.
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Mondaty Aug 12 2013 The tone is set at the top. Michael Dell's surprising inability to close the deal to take his own company private drags on. I have mentioned this is an excellent way for accounting students to learn more about the equity side of the balance sheet, by following the negotiations. For sure,…
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Friday August 2, 2013 Here is a fine power point on government financial reporting. This is a start in getting your brain around GASB 34.
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Friday July 19 2013 And meanwhile, as alert Cary Kingsley, TAMUSA accounting student noted, one would think Mike Dell, former boy wonder, would have counted the votes before trying to take the company private. Now it is increasingly problematic that Mike Dell will remain CEO. If the vote to take it private fails, you can bet the…
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Tuesday July 2 2013 Storied Steinway Musical Instruments is going private in a $35 a share bid by private equity Steinway. Here i s graph of LVB dating aback to pre crash levels of 2008. Note this is the highest price it has traded at since then. Typically a buy out requires higher than existing price by…
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Monday June 24 2013 The Wall Street Journal is beginning its Start Up of the Year SOTY series Check it out at http://projects.wsj.com/soty Do you know Lynn Tilton, a self made female billionaire, meet here at SOTY. ________________ DeLoitte is one of the Big 4 International CPA firms. They hve an innovative program to assist…
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Wednesday June 19 2013 The folks at Quantum have graciously allowed you a free look at Quantum this summer. I believe this is an excellent self tutoring product at a reasonable price. I have posted a spot for you to comment on Blackboard. You will earn a 5 point quiz grade for a well done…
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ruesday June 18 2013 Here is a vigorous debate on Apple's future. Three reasons why Apple has seen its best days versus this is just a normal consolidation. Earnings matter and the period of giant earnings growth appears to have ended. Is Apple an dor Rackspace now where MSFT was in Year 2000? Please sound…
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Monday June 10, 2013 I have had fun pointing out the success of Lululemon, a purveyor of high priced yoga togs. Some of our female students have taken me seriously when I questioned whether they would be seen in an $18 Target tank top when the $50 Lulu version awaits at the Quarry. This article on…