Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Weekend February 25, 2018 ALEKS is a self paced on line tutorial geared to your level of understnading. If you are having difficulty in ACCT 3302 ACCT 3303 I recommend taking First the Accounting Cycle Course And then the Accounting for Corporations Click on the first hyper link to view the drop…
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Tuesday Jan 16 2018 BP takes a $1.7 billion write down as a result of Deepwater Horizon. The purpose of this blog is to tie what we study in class to the real world of accounting. Here is an excellent example. BP anticipates charges and fines as a result of the oil spill. Now that…
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Thursday Dec 7 2017 The CEO at Steinhoff, owner of American matress brand Sleepy's, resigned. Seems there is an accounting probe. Share collapsed 62% in one day on the departure of Markus Jooste. That cut the value of the company in half in one day or $7 billion dollars in market cap. The WSJ Heard…
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Tuesday Oct 17 2017 Deflation Basics Series: The Quantity Theory of Money By Elliott Wave International Here's our challenge. In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is to try and make monetary…
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Tuesday Sept 19, 2017 Another specialty retailer has sought Chapter 11 Re Organization protection. Long the go to shop for kids toys, it is still the second largest toy sell behind Amazon. There are several terms to learn in this article. First why did a big retailer go bankrupt? As is so often the case…
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Tuesday April 12, 2017 Chrysler is the distant third dog in the Detroit Auto Race. And so it was broke along with GM. But it meant losing too many jobs to let Chrysler disappear. So Fiat ended up getting it for near nothing. Later Sergio Marchionne, a Chartered Accountant in Canada, is CEO of…
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Tuesday Sept 12, 2017 Google and Detroit are finally talking to one another. Up until now that has not been the case.
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Monday Sept 11, 2017 We are studying the Cash Flow statement in multiple accounting classes. Here is an example of what happens over time when firm fails to generate operating cash to support investing and financing. The company is famed Sears Holding which owns Sears and the remaining K Mart Stores. Eddie Lampert bought the…
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Weekend August 27, 2017 Michael Taylor analyzes the bai bond business. As he says, it is highly leveraged a $100 K cash stake will allow a million dollars worth of bail bonds to be written. Any local jail cannot begin to hold everyone incarcerated for even a week's time. So the bail bond business…
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Wednesday August 9, 2017 Globalscape's internal audit committee announced an over statement of earnings by 6%. But the stock dropped 18%. It has been falling the last couple of weeks. This demonstrates that failure to follow the rules can have a larger impact than the act itself. The error was on the order of $219,000…
Professor Elam 