Friday May 10, 2013
Deb Alvarado our Becker CPA Review rep has provided this link. It is a sample of what the actual lectures are in a Becker CPA review class.
Professor Elam
Accounting & Investing Info for San Antonio A & M
about
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Professor Elam
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Professor Elam
Monday May 6 2013
Private U.S. colleges, worried they could be pricing themselves out of the market after years of relentless tuition increases, are offering record financial assistance to keep classrooms full.
The average "tuition discount rate"—the reduction off list price afforded by grants and scholarships given by these schools—hit an all-time high of 45% last fall for incoming freshmen, according to a survey being released Monday by the National Association of College and University Business Officers.
"It's a buyer's market" for all but the most select private colleges and flagship public universities, said Jim Scannell, president of Scannell & Kurz, a consulting firm in Pittsford, N.Y., that works with colleges on pricing and financial-aid strategies.
Colleges have believed in the Holy Grail of Inelasticity of Demand for their product for the last three decades. Tuition has relentelessly increased. Now my prediction of turn in that tidal wave is on the horizon. Private colleges are scrambling to hold on to students. This may be an advantage for TAMUSA with its lowest in the local market rates.
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Professor Elam
Weekend May 5 2013
Apparently the bar exam is not nearly as difficult as one might think. Here are the latest pass rates for Texas Law Schools. Baylor tops the list at 95% with Texas Southern dead last at 66%.
66% is an interesting number in that is about the highest pass rate for any Accounting Program on the CPA exam. Most are about half the 95% of Baylor which is to say the high 40s.
Apparently most students either think I am conjuring all this up or that this is something that just will not happen to them. The degree or preparation is incredibly high, much more so than anything you have encountered in school before.
Masters in Accounting has published my idea for building a Ladder of Success on certified exams. I firmly believe that pursuing such a course of action would remarkably improve one's pass rate success on certified exams.
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Professor Elam
Weekend April 28 2013
Mesquites were not native to Texas. But cattle consumed the mesquite beans and along the trail did what cattle do. The result was that this pesky tree bush is now all over West and South Texas. it sucks most of the sub surface water away from the grasses. And it is near impossible to erradicate.
Now a Czech company, Green Heart Energy is harvesting mesquites. Green Heart mulches the branches for shipping purposes. It turns out the mulch produces as an energy level between brown and black coal, with
ess pollution. Mesquites will be harvested within 100 miles of Corpus Christi. This keep transportation costs low to ship to Europe out of Port Corpus Christi. Green Heart will headquarter in San Antonio, no doubt for the airport. Green Heart plans to be in San Antonio and operating by June of this year.
The irony is that Green Heart has to pay to harvest the mesquite that the ranchers would otherwise have had to pay to remove themselves. How is that for irony?
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Professor Elam
Thursday April 25 2013
Microsoft peaked in market cap in 1999. Here is an interesting comparison between Apple and MSFT. Both have lots of cash and market share. But after peaking in 1999 MSFT stock has gone nowhere even with a dividend. This article notes that Apple is liable to repeat the pattern.
There are many refernces to stock buy backs and dividend payments both of which we have been studying in ACCT 3312, take a read.
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Professor Elam
Wednesday April 24 2013
Tired of drooling over those Air Force guys flying drones with video all over the world? Well wait no
longer. THe DJI Phantom Quadcopterwith GO Pro Mount has arrived. Yep just mount the latest wi fi enabled Hero 3 Go Pro underneath the coptor, and with its 300 m range, you will have coverage of your neighborhood. If I read correctly the Hero Three will transmit to your phone or tablet for continuous feedback during your surveillance.I can imagine that a few nieghbors might feel their privacy was invaded, and at this price of course there is no kevlar armor protection.
This nano technology is getting quite interesting.
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Professor Elam
Wednesday April 24 2013
Ruben Medrano sent me this announcement by e mail, he has formed our first Racquetball Club here at Brooks CIty Base.
The 2013 Battle of the2013 BATTLE AT THE ALAMO – COMBINED LPRT & REGIONAL TOURNAMENT will be held at San Antonio College and three other locations this weekend, actually starts Friday at 6PM and will continue Saturday and Sunday. Part of this event will see some of the best professional women of the Ladies Professional Racquetball Tour (LPRT) as some of the world’s best female players will be there; if you have time, stop by one of the locations and take a look.
I go to watch players and learn, to learn how a tournament is organized and ran, and just to watch all the different people of all ages and lifestyles have fun. You will see what I envision our club to become one day.
Have fun, link is below if you need more info.
http://www.r2sports.com/tourney/home.asp?TID=10768
EVENT LOCATION(S)
Thousand Oaks Family YMCA
2263 Thousand Oaks Drive
San Antonio, TX 78232San Antonio College
1300 San Pedro
San Antonio, TX 78212LA Fitness – North Star
7140 Blanco Road
San Antonio, TX 78216Golds Gym – Hill Country Village
15759 San Pedro
San Antonio, Texas 78232Click on some of the info tabs to learn more about brackets, prizes, divisions, prizes, etc. They should not charge you to watch, if you go to SAC (where I will be going), ask for Mike Cantu and let him know you are involved with Texas A&M – San Antonio Racquetball Club and drop my name. He will get you in as a guest.
I hope that you can go just to check it out. News on our first meeting will go out next week.
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Professor Elam
Tuesday April 23 2013
Luis Martinez, Student Representative for TSCPA at TAMUSA will be the student featured on this panel next week. '
The Texas Society of CPAs, in conjunction with the San Antonio CPA Society, invites your accounting students to a free workshop focusing on
n Career opportunities in accounting
n The future demand for various positions
n The value of the CPA certificate, and
n The path to becoming a CPA
The program features CPAs in business & industry and public accounting, as well as a current non-traditional student (already a college graduate) who has returned to the classroom to earn a degree in accounting and pursue his CPA certification.
As indicated on the attached flyer, this program is next Tuesday, April 30, from 5:15-6:45 p.m. at Northwest Vista College’s Pecan Building, Room 101, 3535 N Ellison Dr, SAT, 78251.
Please ask your students to RSVP their attendance to Donna Fritz at dfritz@tscpa.net by tomorrow, April 24th.
Amanda Talaat
Assistant Executive Director
San Antonio CPA Society
(210)828-2722
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Professor Elam
Tuesday April 23, 2013
Good Morning,
Your class is invited to attend a City Council District 3 Candidate Forum hosted by The Mesquite. The forum is from 6-7:30 p. m. on April 30 in the Large Auditorium at Brooks Campus. District 3 candidates will be on site to answer questions from attendees. Please contact Professor Jenny Moore at (210) 784-1051 for any additional information.
Thank you,
Joe Camacho
Multimedia Editor
The Mesquite
Texas A&M University-San Antonio
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Professor Elam
Posted monday April 22 2013
Tuesday April 23 in Room 168
Robert Burdwell has invited Lawanda Parnell, CIO at Pedernales Electric Coop, to speak on campus tomorrow at 2pm to talk about being a CIO as well as using SAP in the business environment. Please feel free to attend and/or bring your class.
Thanks.
Barbara Hewitt, PhD
Assistant Professor Computer Information Systems
Texas A&M University-San Antonio
Professor Elam 