Wed Feb 17, 2016
KPMG finds only 29% are prepared to implement changes in revenue recognition and lease accounting.
Professor Elam
Accounting & Investing Info for San Antonio A & M
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Professor Elam
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Professor Elam
Wed Feb 17 2016
You are also invited and encouraged to participate in a networking event with SACPAS accounting-major mentors and their community college mentees this Friday, February 19, also at the SACPAS Training Center. The event is come-and-go between 3-5 p.m. and light refreshments will be served. Attire is business casual. Please encourage your colleagues who are CPAs to attend as well. Please RSVP your plans to attend to info@sacpasociety.com or call (210)828-2722, so that sufficient refreshments can be ordered.
Purpose of the networking event is to
1) support the SACPAS Student Auxiliary's new Mentoring and Career Counseling (MACC) initiative to encourage more community college students to pursue an accounting major and CPA certification
2) thank the undergraduate and graduate accounting majors who are volunteering their time to mentor these community college students throughout the semester
3) talk with both groups of students about the benefits of being a CPA -
Professor Elam
Monday Feb 15, 2016
The U.S. Department of the Treasury’s Office of the Comptroller of the Currency has opened its internship recruitment. They will be accepting applications until Friday, February 26th. Attached you will find a fact sheet regarding the position and the full intern description listed below. I certainly wish those of you interested in this opportunity the best of luck. We have been fortunate to have multiple A&M-SA students selected for this role the past two semesters. If you have any questions, please feel free to ask.
*Job ID: 7514
*Job Title: Financial Intern
Organization Name: U.S. Department of the Treasury: Office of the Comptroller of the CurrencyNo of Openings: 1
Hours per Week: 40
Wage/Salary: $31,620 – $43,248
Employment Start Date: June 2016
Employment End Date: December 2016
Job Description: PROGRAM DESCRIPTION
The Financial Intern Program develops college students (Interns) who have completed at least two years of college studies for bank examiner positions by combining academic study in a business related field with work experience. The program allows students to apply their classroom knowledge, explore a potential career, and acquire professional work experience. Interns participate in developmental on-the-job and formal training to learn basic procedures and practices used in the bank supervision process.MAJOR DUTIES AND RESPONSIBILITIES
Financial Interns learn basic procedures and practices used in the bank supervision processes. Areas of training include concepts of bank supervision, fundamentals of bank accounting, bank systems and controls, microcomputer applications, and banking law.
Under close supervision, Financial Interns assist or conduct bank supervisory programs and procedures of limited complexity in community banks. Program assignments include all areas of bank supervision.Gather, organize, and analyze selected data. Complete related supervisory procedures, check compliance with laws and regulations, and draw conclusions and recommend corrective action to examiner-in-charge, which may be in writing.
Qualifications: PROGRAM REQUIREMENTS
• Must be enrolled, or accepted for enrollment, as a degree-seeking student in an accredited four-year college or university, graduate or professional school pursuing a baccalaureate, master’s or professional degree in accounting, banking, business administration, commercial or banking law, economics finance or a closely related field of study.
• Each Financial Intern student must sign and adhere to the Financial Intern Program Student Work Agreement.
• A Financial Intern must meet all educational requirements throughout the internship program. An intern who fails to meet a requirement will be terminated from the program.
• Interns must complete 640 hours of related work prior to the completion of educational requirements and must meet qualification requirements to be eligible for conversion to a permanent bank examiner position.
GRADUATION TIMELINE: DECEMBER 2016-DECEMBER 2018
How to Apply: HOW TO APPLYApplicant must submit the following documents to apply for this position.
• Documents to submit:
o Resume – indicate your citizenship
o Transcript – latest transcript (unofficial transcript will be accepted).
• Submit your application package to: SD-FIP@occ.treas.gov by Friday, February 26th.OTHER INFORMATION
Financial Interns will be required to take a semester away from school.
Consistent with the Immigration Reform and Control Act of 1986, and other applicable law, applicants for employment as bank examiners at the OCC who are citizens of the United States shall be preferred over equally qualified applicants who are not United States citizens.
The OCC is an equal opportunity employer who in recruiting, hiring, compensation, promotion, placement, training, transfer, leave of absence, layoff and termination does not discriminate on the basis of race, color, religion, sex, age, disability or national origin.
Thanks,
Clarissa E. Tejeda
Career Advisor
Texas A&M University-San Antonio
Brooks City-Base Campus, Room 179
Main Campus, CEAC Suite 211
Clarissa.Tejeda@tamusa.edu
Office: (210) 784-1339 | Fax: (210) 784-1498
http://www.tamusa.edu/careerservices/ -
Professor Elam
Weekend Feb 13, 2016
New way of STEALING… ESPECIALLY LOOK AT SCENE THREE…
Be sure to read Scene 3. Quite interesting.
This is a new one. People sure stay busy
Trying to cheat us, don't they?
SCENE 1. A friend went to the local gym and placed his belongings in the locker. After the workout and a shower, he came out, saw the locker open, and thought to himself,
'Funny, I thought I locked the locker… Hmm, 'He dressed and just flipped the wallet to make sure all was in order.
Everything looked okay – all cards were in place…A few weeks later his credit card bill came – a whooping bill of $14,000!
He called the credit card company and started yelling at them, saying that he did
not make the transactions.
Customer care personnel verified that there was no mistake in the system and asked if his card had been stolen…
'No,' he said, but then took out his wallet, pulled out the credit card, and yep –
you guessed it – a switch had been made. An expired similar credit card from the same bank was in the wallet.
The thief broke into his locker at the gym and switched cards.Verdict: The credit card issuer said since he did not report the card missing
earlier, he would have to pay the amount owed to them.
How much did he have to pay for items he did not buy? $9,000! Why were there no calls made to verify the amount swiped? Small amounts rarely trigger a 'warning bell' with some credit card companies. It just so happens that all the small amounts added up to a big one! ============================ SCENE 2.
A man at a local restaurant paid for his meal with his credit card. The bill for the meal came, he signed it and the waitress folded the receipt
and passed the credit card along.
Usually, he would just take it and place it in his wallet or pocket. Funny enough, though, he actually took a look at the card and,
lo and behold, it was the expired card of another person.
He called the waitress and she looked perplexed. She took it back, apologized, and hurried back to the counter under the watchful eye of the man.
All the waitress did while walking to the counter was wave the wrong expired card to the counter cashier, and the counter cashier immediately looked down and took out the real card.
No exchange of words — nothing! She took it and came back to the man with an apology.. (This scenario actually happened to me at a local restaurant between the waitress and the front desk cashier.)
Verdict Make sure the credit cards in your wallet are yours.Check the name on the card every time you sign for something and/or
the card is taken away for even a short period of time.
Many people just take back the credit card without even looking at it, 'assuming' that it has to be theirs.
FOR YOUR OWN SAKE, DEVELOP THE HABIT OF CHECKING YOUR CREDIT CARD EACH TIME IT IS RETURNED TO YOU AFTER A TRANSACTION! ==========================SCENE 3: Yesterday I went into a pizza restaurant to pick up an order that I had called in.
I paid by using my Visa Check Card which, of course,is linked directly to my checking account.
The young man behind the counter took my card, swiped it, then laid it on the counter as he waited for the approval, which is pretty standard procedure.
While he waited, he picked up his cell phone and started dialing. I noticed the phone because it is the same model I have, but nothing seemed out of the ordinary.
Then I heard a click that sounded like my phone sounds when I take a picture.
He then gave me back my card but kept the phone in his hand as if he was still pressing buttons. Meanwhile, I'm thinking: I wonder what he is taking a picture of, oblivious to what was really going on. It then dawned on me: the only thing there was my credit card, so now I'm paying close attention to what he is doing..
He set his phone on the counter, leaving it open.
About five seconds later, I heard the chime that tells you that the picture has been saved.
Now I'm standing there struggling with the fact that this boy just took a picture of my credit card.
Yes, he played it off well, because had we not had the same kind of phone, I probably would never have known what happened.
Needless to say, I immediately canceled that card as I was walking out of the pizza parlor.
All I am saying is, be aware of your surroundings at all times.
Whenever you are using your credit card take caution and don't be careless.
Notice who is standing near you and what they are doing when you use your card.
Be aware of phones, because many have a camera phone these days.
FORWARD THIS TO AS MANY PEOPLE AS YOU CAN THINK OF. LET'S GET THE WORD OUT! JUST BE AWARE.
Never let your card out of your sight…check and check again!
Scary isn't it…New way of STEALING…
Don't delete this one!! Send it now !! -
Professor Elam
Friday Feb 12 2016
Boeing shares dropped on questions about its use of program accounting.
Ethics students looking for a topic should consider this one. BA has been dropping this year and now the plunge begins again.
Program accounting, which is a method of long term recognition of profit on construction, is apparently GAAP.
In bear markets, all news tends to be bearish. This is a good example, no one questioned program accounting until the mood went negative on Boeing, now even its accounting methods are
in question. Note the 6.8% drop in one day.
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Professor Elam
Wed Feb 10, 2016
Your kind enough to help me the last time and was hoping you could help me again.
I have an opportunity for a paid part-time position in Finance/Accounting and wanted to see if there were any interested students.
Attached is the job description.
Greatly appreciate your help.
-Sonia TrevinoSonia I. Trevino | Market Finance Director | Austin/El Paso/McAllen/San Antonio/San Diego | Local Media | 12451 Network Blvd, Suite 140, San Antonio, TX 78249
Hours: flexible hours as long as between 8:00am – 6:00pm Monday-Friday; 20-28 hours per week
Requirements: this is an entry level position; looking for Junior/Senior with some basic accounting/business courses and prefer someone with some work experience in accounting/business; we will training. Mainly involved with Accounts Payable.
Pay: is $12-$15 depending on experience -
Professor Elam
Wed Feb 10, 2016
from our E Book Coordinator
It has come to my attention that several students are having issues loading their e-books. If they ask why their e-book does not load, please instruct them to download/use Google Chrome to access Blackboard and their e-books. Internet Explorer and Safari DO NOT play well with Blackboard and VitalSource. This WILL work!
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Professor Elam
Wed Feb 10, 2016
If you could, please remind students that the Career Fair Fiesta will be held today from 3-5 p.m. in the Vista Room (Central Academic Building, Room 402) and it is an outstanding opportunity not only to get ready for the career fair (which will be held on February 25) but for job searching in general. We will have 10 tables with community employer representatives, whom we are calling career coaches. The coaches will cover how to get ready for a fair, give information on putting together a resume (or reviewing resumes if the students bring them), will make 10 free business cards for students to use, and will take a professional headshot* for students to use for LinkedIn. The coaches will also demonstrate how to tie a tie, give information on appropriate interview/fair attire, help students understand questions they may be asked and give guidance on how to put together their “elevator speech” to “sell” themselves. All that plus a free backpack and pizza and MORE!
This will be a great event for ALL students, not just those looking for a job now so please encourage them to drop by.
This is the first time we are conducting this one-stop-shopping format so are hoping for a great student response. Please help us make that come true by sharing this information with your students and encouraging them to attend.
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Professor Elam
Tuesday Feb 9, 2016
My employer, the City of San Antonio, offers a great program, Management Fellowship Program, for students graduating with master’s degree in public administration, public policy, business administration or other related fields by summer 2016. The program is a yearlong program that allows each fellow to spend significant time in three City departments, including the City Manager’s Office, the Office of Management and Budget and one operating department. At the end of the program the City works with each fellow to find a full time position.
http://www.sanantonio.gov/hr/careercenter.aspx#13706901-management-fellows
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Professor Elam
Tuesday Feb 9, 2016
While those students are unable to sign up as attendees, per our discussion last week, we would like to get some student volunteers to assist with the conference registration process. I have included the requested time slots and number of students below. If you think those two student would be willing to assist with the morning registration rush (7am – 10am), then they are welcome to attend the rest of the conference as our guest.For the other two time slots, the students volunteering in those are welcome to attend the session immediately preceding and/or immediately following their time slot.Time slots and number of TAMU San Antonio student volunteers requested:· 7am – 10am 2-3 Students to assist with registration· 10am – 12pm 1 Student to assist with any late registration· 12pm – 2pm 1 Student to assist with any late registrationWe would like to be able to finalize attendee lists and start preparing badges the week before the conference so if you could provide us with the names and emails of students interested in volunteering and the associated time slot by Friday, February 12th, that would be great.As of 2/9/16 at 11 25 AM we have only the 12 – 2 slot open, please observe the rules of attending the conference. Our attendance is a privilege not a right and could be rescinded if the rules are not followed.
7 AM – 10 AM Brianna Casillas, Yarisa Ramon, Demetrius Williams
10 – 12 AM Erisa Valadez
12 – 2 00 PM Open
Professor Elam 