Accounting & Investing Info for San Antonio A & M
Tuesday August 24, 2019
A front page WSJ article today reports that Pacific Gas and Electric is going to trial. Apparently the failure to maintain transformers and such led to the wildfires in California. Form the looks of this graph, investors are worried about a potential bankruptcy.
in ACCT 5308 Ethics we note that the tone at the top sets the ethical standard for the company. Here the care of fixed assets has become not only an ethical issue but may threaten the firm as a going concern.
Tuesday August 24 2019
A senior accountant alleges billions of fake revenue at Disney.
Disney has denied the charge. The two versions are certainly at odds with one another.
Friday July 26, 2019
Despite all the publicity the FED Chair gets, all he or she does is follow the two year Treasury Note.
Our friends at Elliott Wave make that point in this article.
Tuesday July 23 2019
Go to dates on left side
click on July 2016 for examples of innovative CVP thinking
Tuesday July 23, 2019
Point here is that earnings matter
Social mood towards NFLX was positive on the way up
Now it is turning negative on the way down
Mood drives markets
Weekend July 21, 2019
We are discussing Dr. Deming's Total Quality Management System in ACCT 3314.
is the story of how MacArthur accomplished a near impossible feat. 
He had to remove the influence of those who had started WW II. He introduced women into a much larger role in society, reason being so many had lost men in the war they would oopose the militarists. Russia was another threat still smarting from their 1900 encounter with Japan. And the US as well as Russia want to punish Japan for the war. At the time Japan like China decades later, was known for poor quality products. The result of his work was to bring democracy and business to the island nation. Soon Japan would dominate in electronics, cameras, motrocycles, and then automobiles.
Weekend July 20 2019
In ACCT 5308 Ethics we note that the Too Big to Fail Firms now regularly pay fines without any admission of guilt and no on loses their job.
We are atarting to see calls for a break up ofthe Big Four.
SARBOX prohibited firms from being consultants and auditors. And so the audit firms just doubled their fees.
We may be just one more Woldcom Enron series of events from facing that reality.
Weekend July 20 2019
PCAOB has issued guidelines on auditor independence.
The new guidelines address specific questions about auditor independence and whether lack of such can be cured.
Weekend July 20, 2019
The money will be used to compensate airlines for lost flights due to grounding 737 pplanes. In addition BA will settle with the families of 346 killed in two accidents.
Professor Elam 