Accounting & Investing Info for San Antonio A & M
Friday March 6, 2015
Jerry Lee Lewis was one of the four in the Sun Records Million Dollar quartet.
Here is the embodiment of real talent as this young man recreates a Jerry Lee Lewis moment.
it is one thing to learn how to hit the notes
It is another to possess the talent to make the instrument standup and sing the song.
Thursday March 5, 2015
IMA® (Institute of Management Accountants) has launched the IMA Accounting Honor Society (IAHS), designed to recognize and honor academic achievement in the study of accounting. Students can visit the brand new IAHS website to join. Visit www.IAHS.org to learn more.
Attached is the Word file for the IAHS press release (or you may reference the BusinessWire link below).http://www.businesswire.com/news/home/20150302006275/en/IMA-Launches-IMA-Accounting-Honor-Society-IAHS#.VPSRe_nF-Ec
Help us spread this great news by sharing with all your academic and student connections!
Thursday March 5, 2015
The IIA reports on a shortage of talent in recruiting future internal Auditors.
We are planning a specialization in Internal Audit for this reason. We feel IA is an excellent career choice for our non traditional students. Planning to take the CIA exam and beginning your study while an under graduate is an excellent idea!
Thursday March 5, 2015
Last Sunday Evening Sixty Minutes did a piece accusing Lumber Liquidators LL of using sub standard flooring that exceed formaldehyde limits set by the California Air Resources Board CARB.
Here is the company response. LL notes that there are a group of short sellers betting on a lower stock price that are mounting a campaign to lower the price. Well that's for sure. In their statement LL denies the Sixty Minutes accusations and indeed claims their Chinese suppliers say the product is compliant.
Barry Minnow is not sitting in jail for mounting a similar campaign against Lennar Homes.
In this social media of the moment 24/7 news cycle, it is easy to make an unsubstantiated claim for short term gain.
As you can see the price has been cut in half. It started falling last week as no doubt the news leaked on the story.
What is the real story, for now that tis unclear. But LL certainly deserves a decent hearing in which their comments are not edited out to favor a pre determined outcome. Innocent until proven otherwise?
Related articles
Tuesday March 3, 2015
Contact me for a copy of the scholarship form
Please share the attached scholarship application and upcoming events with your accounting students.
The San Antonio CPA Society is once again offering up to five scholarships to accounting majors at nine area universities. The eligibility requirements are included on the application – please emphasize to your students that the deadline to deliver all parts of the application to our office is Tuesday, March 31, 2015. (Note: this is not a postmarked date; the complete application must be in our office no later than 3/31/15 at 5 p.m.)
We also have several upcoming events specifically designed for accounting majors this spring:
1) A panel discussion featuring four students who are completing internships with Big Four firms this spring on “How to get an internship and what to expect once you get there” – Friday, March 27; 2-4 p.m.; SACPAS Training Center, SACU Bldg., 901 NE Loop 410 Ste 420, SAT, 78209; advance RSVP requested; business casual attire; open to all accounting majors
2) The Annual Accounting Excellence Awards/Meet the Firms Luncheon – Friday, April 17; 11:30 a.m. -1:30 p.m.; Oak Hills Country Club, 5403 Fredericksburg Rd, SAT, 78229;
Tuesday March 3, 2015
Toastmasters is scheduled for Thursday night Mach 5 at 7 30
6 30 – 7 30
Large Auditorium BCB 196
Monday March 2, 2015
“Our goal is to sell a good product at a good price,” Sullivan told Anderson Cooper of “60 Minutes.” “And we don’t get the price by skimping on anything. We get the price by low overhead, huge volume and being very efficient at what we do. And we’re never [going to] sell something unsafe.”
However, “60 Minutes” sent a reporting team to China to investigate the mills that supply Lumber Liquidators. Posing as buyers and with the use of hidden cameras, the team were told by employees that the mills were indeed using core boards with higher levels of formaldehyde to save the company up to 15% on price. All three mills also admitted falsely labeling products as CARB 2–compliant.
“In 16 years of professional money management, I’ve seen hundreds of companies do all sorts of bad 
things to get their stock prices up,” hedge fund manager Whitney Tilson told Cooper. “But this has got to be the worst. “
I teach the accounting ethics 5308 class in the spring. As I remarked to the class, I never seem to run out of new material for the class. No matter how egregious the rogue was last year, there is always a new candidate to take their place. Read the interview to see how hollow the CEO sounded.
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 is all about. Many traders have a math background and Roomy is no exception in physics and engineering.
As her sister in law muses, think about what you have not what you lost.
Thursday Feb 26, 2015
Brooks City Base Room 104
/This is located in the Education Area on the NW corner of Brooks Building
Monday 2-8 PM
Thursday 5 30 – 9 00 PM
Thursday Feb 26 2015
My friends at Elliott Wave have posted a 53 page report on the Global Markets. It requires you sign up for he free Club EWT, they will not harass you, it is a good deal. Take a look this is an interesting report.
http://www.elliottwave.com/r.asp?rcn=affem&acn=11tmp&url/club/State-of-the-Global-Markets-LG.aspx
Professor Elam 