Tuesday Feb 2 2021
The market decided I was wrong and broke through the downtrend line posted yesterday.
While it has not reached the prior high, the rally is impressive. will update this afternoon. GME and AMC are well off their highs.
Professor Elam
Accounting & Investing Info for San Antonio A & M
about
-
Professor Elam
-
Professor Elam
thursday January 28 2021
First GME and AMC now Silver and silver miners.
What, AOC and Ted Cruz agree in an issue, huh?
The markets and government are voting for the hedge funds not the little guy who ran up GME via options.
This is an authoritarian government, ruling by Exec Order rather than going through Congress.
Do you do you recall business history, when was another time a crisis was generated by a private group challenging an exchange?
It was the Hunt Brothers in 1979-1980.
Read the link and see how then is now, the exchanges and government do not like being embarassed.
-
Professor Elam
Thursday jan 28 2021
Hello class,
This is just a reminder to activate your McGraw Hill Connect® account, if you haven’t already. We’ll be using Connect regularly for assignments, as it counts for ___% of your overall grade. When registering early, you will also have the option of getting two weeks temporary access.
In Connect, you’ll find:
- A digital version of the textbook that you can read on your laptop or on your smartphone via the free ReadAnywhere app. Using the ReadAnywhere app allows for online and offline reading – perfect for an on-the-go life!
- A digital course planner and calendar to help you stay organized.
- Reports that help you track your performance, so you’ll always know how you’re doing and what you’ll need to study before that big exam.
If you also want a print version of the text, you will have the option to purchase a discounted loose-leaf version once you purchase your Connect access.
Explore the College Smarter Not Harder website to help you learn how to get the most out of Connect.
Sincerely,
Dennis Elam
-
Professor Elam
Thursday Jan 28 2021
My investing blog The Market Perspective has featured numerous examples of top market action.
https://professorelam.typepad.com/markets/
Yesterday the DJIA declines 600+ points while Gamestop and AMC went viral with massive volume and price moves.
There is much to learn from this, here are our library links to articles on yesterday's action.
https://search-proquest-com.tamusa.idm.oclc.org/news/publication/10482/citation/1345C2EA7187C9E3374/6?accountid=130967&decadeSelected=2020 – 2029&yearSelected=2021&monthSelected=01&issueNameSelected=02021Y01Y28%2423Jan%2B28%2C%2B2021
AMC
Online Investors Create Buzz for stocks on Social Media
Here is a an insightful explanation of how option trading accelerated the price and volume move in GME.
-
Professor Elam
Thursday Jan 28 2021
Bankrutpcy is designed too eliminate financial distress. If the NRA is strong financiallly, what is it doing in bankrutpcy court?
The answer is that it hopes to wiggle out of a lawsuit by the NY State AG.
-
Professor Elam
Wed Jan 27 2021
Learn all about the upcoming EA exam content changes.Nate Wadlinger, EA, CPA, and Melissa Leonard, EA Product Manager, will discuss the implications of the CARES Act and newer legislation as well as the newly updated ECOs.EA Exam Updates:
What to Expect in 2021Hosted by: Nate Waldinger, EA, CPA
Melissa Leonard, EA Product ManagerDate: February 2, 2021Time: 1 pm ET/10 am PTREGISTER NOW -
Professor Elam
Monday Jam 25, 2021
click on this link for both advanced and exam prep classes from the IIA
-
Professor Elam
Monday jan 25 2021
there are numerous freee resources of accounting information. Plan to take advantage of them, here are some links
Morning Brew
CPA Insider – AICPA
Big Four
Deloitte – click on the Insights tab at top
https://www2.deloitte.com/us/en.html
PWC – no podcasts or newsletter, a few article.
EY - link to editor's pick newsletter
https://info.ey.com/EditorsPicksNewsletter.html
KPMG – this firm has had more ethical problems than the tothers so take what they say with that grain of sale
link to the insights page
https://www.kpmg.us/insights.html
Yahoo Finance Morning Brief
going Concern – Rather potty mouth for an accounting site but interesting and provocative
also has specific coverage of Big 4 CPA firms
Texas Society of CPAs
KFORD Group – san Antonio based forensic firm
https://thekfordgroup.com/newsletter/
VACO – Local Aventine Hill consultants was acquired by VACO in Nachville, a variety of resources inclluding blog and newsletter
https://www.vaco.com/resources/
-
Professor Elam
Weekend Jan 24 2021
San Antonio Chapter
At this week's chapter web meeting, we had two great speakers with interesting content (thanks Gilbert Barrera from Texas A&M San Antonio and Ryan Canales from Empower Wealth Advisors!), a great monthly meeting sponsor (thanks Olia Bosovik from Bowtie Business Intelligence!) and our much appreciated annual meeting sponsor (Ryan Canales - thanks again!) and we met some terrific Student Member Internship Candidates:Aaron from University of the Incarnate Word
Burhaan from UT San Antonio
George from Trinity University
Kyle from University of the Incarnate Word
Renato from Baylor University
Saul from Texas A&M International UniversityIf your organization would like information about these candidates, contact the chapter at: SanAntonioIMA@gmail.com.After that, you can ask them if they are open to Spring or Summer, Full time or Part time, and Virtual or In Person roles.If you registered for the meeting, you will receive a link to the recording in the next few days.If you are interested in learning more about the CMA process, you have 2 easy ways to do it:
We are co-hosting a session with the Kansas City chapter on February 23rd from 5-6pm CT moderated by Randall Kurtz from IMA Global. A link to register will be on the chapter website later this week.
There will also be a live session hosted by Becker Review on February 9th from 12-1pm CT. Here is the link:
-
Professor Elam
Thursday Jan 21 2021
I attended a Robert Half Presentation today. It included this important slide, take a look.
The decisions you make or do not make the next two years will determine just how far you can go with your accounting ambitions. This slide makes that cear. The percentile rank refeers to the highest percentile of salary levels. Read the descriptions, why is the 95 th higher than the 256th? One word, accomplishment.
The left side of this weblog has a reference to the top accounting certifications. Please familiarize yourself with your options. It is imperative to take the certified exam ASAP while you are in school or just out. That is when you are at your best test taking skills. Understand that CIA, CMA, EA, CFE do not require 150 hours as does CPA not 33 hours of accounting beyond princiles. They just require a degree. Obviously you will need a great deal of specific accounting knowledge to pass the exam. But graduate school is not necessary.
Decide now on you career path, the sooner you focus on a certified exam the better.
Professor Elam 