Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Monday Feb 7 2011 AOL paid $315 million for the 2005 start up Huffington Post. Huffington is said to have made $65 M last year to AOL paid about 5 times gross earnings. Was this a good deal for AOL, why or why not? HOw would you determine the multiplier to pay for this online letter?…
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Tuesday February 1 2011 I posed the question in class, what is a material number if you are auditing Valero? Click there to see the last three year income statements for VLO. Note that in 2008 Gross Revenue from all sources was $119 Billion! I asked you if one million would be a material number for that…
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Jan 31 2011 Monday In this era of maxuimizing the return for every dollar spent, CFOs are playing a greater role. Forecsting is now centered more on scenario plannig. "There is a distinct need today for strategic CFOs because of the uncertainty of the economy.' And so CFOs are meetings with all depts to better…
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Wd Jan 26 2011 I have several links on this blog that you should be reading, here is a good example. Mish Shedlock considers a report on the crisis, agrees, but notes that none of this was the real problem. In his conclusion he notes that most of the real developing problems are being ignored. Accounting as…
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Wed Jan 26 2011 Eastman Kodak announced its profit dropped 95%. But read the link to see the spin the CEO put on that development. At less than five bucks, EK stock is still struggling to adjust to the new digital world. EK was way way late believing that film would hang around before digital really caught…
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Tuesday Jan 25 2011 I just got an e mail and Connect is still not loaded into BlackBoard. This is why I assigned a spreadsheet and posted it with the questions on BB. I do not know when Connect will be loaded but this is NOT a problem for our first couple of weeks as…
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Tuesday Jan 25, 2011 I mentioned the origins of accounting, and mispronounced Pacioli's last name. This is an interesting history of accounting from the ever available wiki. If you read the history, it took centuries to get where we are today, it is the explosion of money and credit that finally brought accounting mainstream. The CPA…
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Monday Jan 24, 2011 Since the bail out of banks in 2008,we seem to be going the wrong way, the TBTF Too Big to Fail Banks are getting even bigger. Jesse's Cafe takes a look at how the percent of assets under the control of six major banks has soared since Glass Stegall was repealed. Do you…
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Thursday January 20 2011 I mentioned the looming municipal defaults in class. Here Vallejo CA defaults to bond holders. There is much to learn here and that is what I meant about your need to expand your reading. Please read this article to see why I link to Mish what does Chapter 9 bankruptcy mean why is…
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Wed January 19 2011 Goldman Partners Get Windfall Gain From Stock Options, NYT Says By James Kraus - Jan 19, 2011 12:07 AM ET Goldman Sachs Group Inc.’s 475 partners stand to reap a windfall gain from stock options they received in December 2008, the New York Times said, citing a study of regulatory filings and internal partnership documents.…
Professor Elam 