• Professor Elam

    Tuesday October 23 2012

    Apple  introduced its mini iPad on a day when the market was down over 200 Dow Points. The announced price at $329 must have struck investors as a bit pricey, they ran the stcock down 3% – about $18.

    As Dierks Bentley says

    What was I thinkin?

  • Professor Elam

    Tuesday October 23 2012

    Transition Plan for 2013 CIA Exam Released
    In 2013, The IIA is revising the examination required to earn the Certified Internal Auditor (CIA) designation from four parts to three parts.

    Program enrollees in the process of earning the designation but who have not yet completed the exam should use The CIA Transition Planning Tool to identify their available options and design a plan of action toward obtaining their certification.

     

  • Professor Elam

    Tuesday October 23 2012

    I have used Clint Eastwood's directing style in past classes as an excellent example of staying on budget in his directing and keeping costs low. This endears him to Warner Brothers.

    Indeed one of the first posts on this blog, way back in October 4, 2012 was about this very topic.  We were using a different book then of course. 

    Here is an excerpt from Richard Schickel's book on Clint that makes this point. Oh, if I had gone back to talk to the Radio and Film Grad Professor at UT Austin one afternoon, there would likely never have been Professor Elam CPA I would  have gone professionally into media. 

    Here is the excerpt. 

    In today's selection — Clint Eastwood has become one of the most successful directors in Hollywood history. After gaining clout as a feature film star, especially from his role as Harry Callahan in Dirty Harry, Eastwood began a thirty-five years stint directing movies at Warner Bros. This is the longest-standing actor-director relationship with a single studio in the history of the movies, and one that encompasses one-third of the history of the medium itself:

    "Harry Callahan had been the negative take on [Eastwood's] basic family-friendly spirit, a radical loner since the death of his wife, a workaholic with maybe a beer and a slice of stale pizza waiting in the fridge when he returns, late at night, to his soulless apartment. It was that aspect of his character, more than his views on the Miranda Decision (and other court cases that expanded the rights of criminals at the expense of their victims), that Clint insists drew him to the character. In a sense, he was every convenience-store clerk with no life outside his paltry job. Except, of course, Harry's job was not paltry. It has its plodding moments, but it was also intermittently exciting, and in his relationship with San Francisco's municipal bureaucracy, it gave him plenty of "take this job and shove it" moments, in which he enacted the most deeply satisfying fantasy of his stuck-in-grade audience.

     

    "I take Dirty Harry – superbly directed by Don Siegel, Clint's go-to director and always warmly acknowledged mentor in those days — and its second sequel – The Enforcer – the movie in which he briefly finds love with the chunky, earnest, and entirely adorable Tyne Daly — to be completely serious and rewarding movies in the best populist tradition, blending painfully human issues with a completely satisfying action format. 'I probably made one or two more of those than I should have,' Clint later admitted, but the films were always profitable and making them was a way of maintaining his comfortable relationship with his Warner Bros. bosses.

     

    "As we all know, that's a handshake deal — with each project set up on its own terms, though typically Clint foregoes substantial front money in return for heavy and immediate backend participation in the grosses. A recent unauthorized biography describes Clint in its title as an 'American Rebel,' which is essentially nonsensical. Like many great movie careers (think Alfred Hitchcock or Howard Hawks), his is based on maintaining non-rebellious relationships with his studio.

     

    "He works so fast and frugally that it's almost impossible for the studio to lose money on his films. Nonetheless, he always tells the executives, as he puts it, 'I can't guarantee you big-selling movie. The only thing I can do is try to make a movie you'll be proud to have your shield on at the beginning of the picture.'

     

    "That, though, is not quite the end of the matter. 'If somebody is putting up money for you to make a movie, there is no reason to get disrespectful about it. You want to do the best you can for the scenes. That doesn't mean you cut out scenes just because they're too expensive,' he muses. 'But at least you don't waste stuff. You don't shoot a lot of stuff you're not going to use, or re-shoot the scenes because you did them wrong in the first place.' In other words, know what you want to do, do it efficiently, and move on confidently.

     

    "This is a truly radical statement. Think back on the reams of reportage you've read over the decades, in which directors and studios have publicly fought over the production and presentation of films, the numbers of movies that have been ripped from their auteur hands and re-cut by the studio. Think, too, about all legendary, career-ending cost overruns on pictures ranging from Cleopatra to Heaven's Gate. Think also about a guy who has brought all his pictures in ahead of schedule and under budget. Then think about Clint's thirty-five years at Warner Bros. — the longest-standing actor-director relationship with a single studio in the history of the movies, one that encompasses one-third of the history of the medium itself — and you are truly thinking outside any of the narrow historical boxes into which we attempt to cram our understanding of the movie past."

     

    Author: Richard Schickel
    Title: Clint — A Retrospective
    Publisher: Sterling
    Date: Copyright 2011 by Richard Schickel
    Pages: 17-18

     

  • Professor Elam

    Monday Oct 22 2012

     This is a front page headline from the WSJ today. While I was unable tolink to the acutal story, you can get the gist from the headline. After decades of being Idolized in fiction, television, and movies, the law profession is finally being seen much of what it is, a commodity.

    Now a surplus of unemployed law school grads roam the employment lines looking for work. Often this is resulting inhourly work oin mundane tasks. Worse, computers are now able to scan documents looking for errors or key words.

    Here is a blog on the law school scam.

    Some unemployed grads have used their degrees to sue their law school over the lack of a job.

    Recently A & M purchased the Texas Wesleyan Law School.

  • Professor Elam

    Monday Oct 22 2012

    The fascination with ghouls and vampires and zombies is world wide. This past weekend was the 

    Brisbane Zombie Walk.   Apparently this is a charitable event tied to the Australia Brain Foundation. Now
    Screen Shot 2012-10-22 at 6.38.17 AM that is creative non profit fund raising!

    Social mood drives the changes in how people spend their money and time. Clearly the Brain Foundation tapped into the now well established fascination with horror objects. This is well established from similar 18 year periods of economic stagnation previously occurring 1+930-1948 and 1966-1984. 

  • Professor Elam

    Monday Oct 22 2012

    Henry Blodgett finds Windows 8 frustrating. And I note that he has made the jump to Apple anyway. He is right, I gave my iPad back because it frustrated me using the screen and the keyboard. Windows 8 is the same set up for a PC. 

    Meanwhile Apple may announce a mini iPad tomorrow. Apple is shipping ten times the tablets of Amazon and Samsung.  If Apple can price this under $300, what will the amrket be for MSFT Surface table at $499? disappointing sales of their new tablet and poor reviews of Windows 8 would be another bummer for Balmer. 

     

  • Professor Elam

    Weekend October 21 2012

    We are planning two nights of Information about Professional Accounting in general and the benefits of
    joining the San Antonio CPA Society in particular. These will take place on November 13 and 14 at 5:30 PM in the large auditorium at Brook City Base. More information here as things develop. 

    Luis Martinez is our Campus Representative for San Antonio CPA Society.  Four full time employees
    Screen Shot 2012-10-21 at 9.38.42 AM manage events for some 2700 San Antonio CPA members. The Training Center is located at 

     

    901 Northeast Loop 410 Access Road
    San Antonio, TX 78209
    (210) 828-2722
    SA CPA Society Training Facility  is located on the fourth floor of the twin office towers west of Broadway Bank between Nacogdoches and Broadway on the north side of the access road of Loop 410. 

    And yes I am the Faculty Representative. Click on the hyperlink to learn more about the group. 

     

    Now a word of explanation on the CPA structure in Texas. 

    The CPA exam is created by the American Institute of CPAs AICPA.

    The exam however is administered in each state by a State Board, here the Texas State Board of Public Accountancy located at 303 Guadalupe Street in Austin, Texas. 

    Understand that as a State License this carries the force of law just like an MD, JD optometrist or pharmacist. And there are criminal penalties for illegal behavior.  CPAs must log 40 hours of Continuing Professional Education CPE per year and and Ethics hours as well. There is an annual state fee that must be paid as well. 

    You can view the pass fail rates on any part of the exam here. Notice the highest pass rate is about 60% at UT Austin or A & M College Station due to the extremely high selective standards of admission. All other universities scale down from that number. This is why I recommend beginning your ladder of certifications with something other than CPA. 

    The San Antonio Society of CPAs is one district of many in the Texas Society of CPAs TSCPA. Membership in TSCPA is  the only way to belong to San Antonio CPA Society. TSCPA is a voluntary association of Texas CPAs. The Texas State Board of Public Accountancy is the State of Texas oversight agency for enforcing State law regarding CPAs. 

  • Professor Elam

  • Professor Elam

    Weekend October 20 2012

    Classes:

             Time: 5:30pm-6:50pm

             Where: Classrooms 168 & 196

    Classroom 168: HEB Presenters: Patrick Walther & Sonia Flores

                                 HEB Recruiting Team: Shelley Hajovsky, Mary Valdez & Rosie Gamez

    Classroom 196: HEB Presenters: Ron Ozment & Jody Hall

       HEB Recruiting Team: Susan McCloud, Robert Suarez & Janie Maxwell

    H-E-B Attendees:

    Susan McCloud, Director of Recruiting

    Shelley Hajovsky, Recruiter (Store Operations)

    Robert Suarez, Recruiter (Corporate)

    Janie Maxwell, Recruiter (Corporate)

    Mary Valdez, Recruiter (Store Operations & Corporate)

    Rosie Gamez, Recruiter (Store Operations & Corporate)

    Jody Hall, Director of Global Sourcing

    Ron Ozment, Director of Supply Chain Strategy

    Sonia Flores, Unit Director in San Antonio

    Patrick Walther, Director of Loyalty Advertising and Software Development Centers

     

  • Professor Elam

    Weekend October 20, 2012

    In the cost class we have mentioned Six Sigma along with our discussion of Dr. Deming and Total Quality Management. I have a request from a group of Management Accountants for a speaker on Six Sigma. Students who are Six Sigma Qualified or know of someone who is proficient to speak on the subject, please contact me with name. This is a good opportunity to extend the TAMUSA  reputation in the field of continuous quality management.