Friday Feb 27, 2015 Roomy Khan had it all, and then lost it all. She helped bring Raf Rafaratnam, the manager of Galleon, who was convicted of insider trading. She says she made $50 Million, and then lost it all. Gee no stop sell orders on the way down? This is what the accounting ethics class…

Weeekend Feb 21 215 In his last comment alert TAMUSA student Ed Rios wonders about stock buy backs and how they artificially inflate a company earnings. In fact one of my graduate research teams is tackling just that topic. More to follow. 

Tuesday Feb 17, 2015 Lance Armstrong's new career as a full time defendant has begun. I commented to the ethics class last year that I suspected he would b come  a full time defendant, looks like that has begun. Like the tobacco cases, once the prosecution finally won a case, the gates were open for many…

    Accounting Students Here is a great opportunity for an internship in internal audit. Make sure you qualify by reading both the job bulleting and description of the intern program.  We had two student selected last summer and both made a favorable impression. Let's keep up the good work. Dennis Elam      …

Tuesday Feb 3, 2015 russian Banks reel from the interest rate increases designed to prop up the ruble. Let's connect the dots. Oil prices collapse 50%. Putin has bet the farm on oil, it is half the Russian economy.  The currency measured in rubles collapses against the US Dollar.  The Russian Central Bank raises rates…

Tuesday Feb 3 2015 We have followed the misfortunes of Radio Shack RSH for some time. Now  the NYSE has de listed the stock. RSH has not filed a re organization plan and the stock price has fallen to 24 cents.  It is worthwhile to read the NYSE Statements.  Rumors are that one or more mobile…

Weekend Feb 1 2015 This is my newspaper column for this weekend.    Return  of the Nifty Fifty The Nifty Fifty were fifty large capitalization stocks popular in the   1960s bull market right up to the January 1972 top at Dow 1,051. The long bear market of the 1970s that lasted until 1982 caused valuations…

As markets collapse from gold to oil to iron ore to copper to an exchange itself, FXCM, Now entire countries are imploding like Greece and while Russia is not in tatters as the President says, it is struggling.  this news is ignored while investor focus on a new high in Apple, it can't happen here,…

Wed Jan 28, 2015 Here is a good link for the next step in implementing Revenue Recognition. You should be collecting articles on this for your personal library.  I hope the grad class team working on this topic is reading this blog!

Wed Jan 28 2015 How bad is it?  Weather ford has decided not to replace its CEO. Now that is cutting staff.