Wednesday March 26 2014 The popular video game maker King Digital, makers of Candy Crush, came public today. HEre is the  F 1 or SEC Registration Statement. Please take a look at what the SEC requires under the Act of 1933.  Stocks first come public via an IPO or Initial Public Offering. King Digital came public today…

Wednesday March 26 2014 Community colleges only address proprietorships in their accounting classes. As a result the corporate form of the balance sheet is new to students. We are at a unique point in stock market history. Several of the indexes are at all time highs. This is the polar opposite, in terms of valuation…

Wed March 12,. 2014 Page B9 of today's WSJ features excerpts from an interview with Mark Weinberger Ernst Young CEO. Mark arrived in the CEO spot after heading the tax group for four years.  Interestingly EY is now headquartered in London, another sign of globalization. EY just paid a $99 M fine to settle claims…

Monday March 10 2014 I have uged students to spend the mere $1 a wekk to subscribe to the WSJ. With the Ukraine situation heating up, there has never been a better time to enjoy the benefits of such a subscription.  On page A 15 today Gordon Crovitz comments on social media as a government…

Thursday March 6 2014 Al Acevedo Jr plead guilty to bribery. He has had more than 1700 cases in state nad county courst inBexar Conty. He has $4.2 million in bond liabilities, what he owes for abil postd on clients.  Where were the county auditors on this one, how could someone run up such an…

Monday Feb 17 2014 Two ladies in San Antonio have started The Cookie Cab.  Great ideas can be simple ideas, think Starbucks.  These two Moms started a home or business delivery revolving around, yes, several kinds of home baked cookies. One of them had worked for Ernst and Young, I invited her to campus but she…

Tuesday January 21 2014 This author wonders if the innovative spirit of Apple died with Steve Jobs. Here are my thoughts on that issue. Apple has been pronounced DOA before, recall Mike Dell in 1999 suggesting Apple collapse the company and pay off the shareholders with what was left. But it worked out the other…

Tuesday January 14 2014 On page B6 of today's WSJ, we learn that external auditors are digging deeper. The PCAOB last October isssued Audit Practice Alert #11. the PCAOB ntoed that in nearly one of 3 audits if found less than sufficient evidence to defend the internal control function. The result is that external auditors…

Monday January 13 2014 Job Title: Accountant I or II Area of Interest: Accounting Position Type: Full-Time Regular City / Zip: San Antonio – 78259-1828 State / Province: Texas Country: U.S. Job Posting Number: 4993 Job Description: The Accountant position will be responsible for preparing monthly accounting journals for cost allocations, partner billings, and accruals;…

Thursday January 9, 2014 Russell Blake was featured in a front page WSJ article this week.While his self publishing took a while to take hold, now he is churning out a book a month and is one of Amazon's top five best sellers. He lives in Baja, Mexico with his dog. Sounds like a great…