The year has begun with the usual round of great economic expectations, but one writer at Bloomberg  takes issue with the ‘Rosie Scenario.’  She says that unit sales, like plasma tvs, went up because prices went down, no real growth there.  And there has not been a ‘signature event’ like the collapse of a major…

Milton Friedman, Nobel Winner for Economics, father of the monetarist school in Chicago, and author of many books  died Nov. 16, 2006.  In contrast to the near socialist Keynsian school of thought, Friedman was a champion of limited government and maximum economic freedom.  Read his last interview with the WSJ  here. Contrast his thinking with…

Professor Cathy Scott at Navarro brought this article in Strategic Finance  to my attention. Those innovators at Kansas State have adopted a program for accounting that is not so focused on producing CPAs for external financial reporting and audit. Instead the graduate program offers different tracks reflecting that in deed there are different career paths…

I will put a 6e edition of Hilton on reserve in the library.  The text material has not appreciably changed but the problems have.  I will put copies of the problems from 7e on reserve also. I will get this done tomorrow Monday Jan 22 2007 Dennis Elam

I am convinced that accounting for derivatives ranges somewhere between astrology and alchemy.  We worry about pension funds getting in over their heads with hedge funds.  There could be regulation.Barney Frank, Incoming Chief of the House Financial Services Committee In Chapter 12 of the Intermed book we examine how to account for investments.  Generally that…

I just raan across a Hitachi had that was covered bck on Nov 16,2006-go back and take a look at A New Breed of  Bloodhound or click bloodhound  When the screen comes up, click full screen and then on the bloodhound story.  My point is that the Dirty Harry of the future is much more…

BAck on 11/14/06 I wondered about the future of Force Protection.  The firm specializes in armored vechicles.  Since then it reported its first profit and has now listed on the NASD.  Check out this link for the latest information. Note that the interviewer asks about SARBOX, hindrance or help at the end of the interview. …

Click here to read about the TRS 80 .  Years ago there was a laptop that was a word processor, had a modem, worked in MSFT basic, an address book, and  went for hours and hours on AA batteries!  Why can’t someone do that now? I want a simple computer like this with simple word…

One of the reasons for the blog is to integrate and link the real world of business with what we study in class. So, click on this column by George Will  about Boeing.  Notice how many terms, supply chain, cot concerns, strategy of hub versus point to point, appear in this one column.  AIrbus bet…

One of the criticisms of a college business education is that it only prepares one to work for someone else.  Trust me, you may be working for yourself sooner than you think.  Perhaps if Managerial Accounting were re badged ‘Get Rich Running Your Own Business we would have a few more converts, see my post…