Professor Elam
Accounting & Investing Info for San Antonio A & M
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Last night in the tax class we discovered that no one seemed to know who Tom Sowell or Walter Williams were. Well check out our post on June 27, 2007 for links on these original thinkers and others. College should widen your horizons about how and what you think. No one does that better than…
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Thsi article suggests just being a controller may not get you to the CFO job. It seems corporations want folks that can explain the numbers to Wall Street and the banks rather than just crunch them. It is no accident that we emphasize public speaking in simple class exercises and in the Prof Development class.…
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ACE Hardware says a $145 M inventory error from 2002 will delay its intent to go public. We study inventory practices in Intermed I and will re visit that in the audit class. Gee how does such a discrepancy happen? The answer is that over time people tend to do the same thing over and…
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CFO is doing a three part series on SARBOX. click here for the first article. This first article contains a great timeline of what has happened in the last five years. Checkout the survey at the end of the article, most CFOs say the costs outweigh the benefits. And click here for the SEC Rules. …
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The Mortgage Bankers’ Economist sees a peak in foreclosures and defaults, ie the worst may be past. We shall see, the US dollar is bouncing along long term support at 80, oil and gold just jumped higher, again. I would argue this makes it much harder for Bernake to ease credit at the next FED…
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In a surprise move, Chrysler hired Jim Press from Toyota. Check this article out, it seems Toyota is heralded for listenting to its dealers. This often resuts in follow up visits from Japanese engineers at the dealership. This would signal a big change for Detroit, long known for being out of touch with the customers…
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Headed to Madison, GA? If so click on the link to check out the micro car Museum. Now honestly, just how different are these Euro bubble cars from the 1950s from the Smart Car pictured at left. Smart will be sold thru Roger Penske dealerships in the states this next year. Oil stands at $75,…
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Internships are an increasingly popular way for firms to screen potential employees. You should plan on interviewing for internships your junior year, serving in one your senior year, and then completing the year of grad school. That way if you get an offer you will be able to plan your last year and when you…
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You can access the Homework Manager sites at these URLS. 1.ClassName Intermediate Accounting-Class14363 http://mh2.brownstone.net/classes/acct3110elamfa07/ 2.ClassName Managerial Accounting Class 14664 http://mh10.brownstone.net/classes/manacct14664elam/
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This write makes the point that the heads of Mexico, US, and Canada did not deny there is a plan for a N American Union. This would be similar to a European Union apparently, one currency, and borders, what borders? Hmmmm….would this pass a vote I wonder? Such an action would also speed adoption of…