Monday Oct 4 2021
My friends at Gleim sent me this link for a review of what the CPA exam is all about, take a look
Professor Elam
Accounting & Investing Info for San Antonio A & M
about
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Professor Elam
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Professor Elam
Monday Oct 4 2021
The combination of higher minimum wage, not wanting to work, The Great Resignation, and low interest rates, we have
an ideal atmosphere for more automation and use of robots.
The link takes you to a robot jewsletter you can subscribe to for free, interesting stuff.
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Professor Elam
Thursday Sept 30 2021
I guess if ONLY 16.4% of KPMG employees were cheating on required training courses, it is okay, I had wondered how many employees KPMG had in Australia
PCAOB penalizes EY partners for Synchronoss audit deficiencies [Compliance Week] The Public Company Accounting Oversight Board (PCAOB) on Wednesday fined two EY partners for “failing to perform adequate procedures and obtain sufficient evidence concerning certain significant unusual transactions” in connection with the Big Four firm’s audit of a New Jersey software company.
Uppercut: KPMG cheating scandal mirrors Big Four rot, business leadership [Michael West] Only 1,100 KPMG Australia personnel out of a workforce of approximately 6,700 have been cheating, or 16.4%. That means that when the firm was providing services over 2016-2020 in respect of government awarded contracts, there is only a one in six chance that someone providing the services was a cheat on mandatory training courses.
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Professor Elam
hursday Sept 30 2021
As per usual he never leased anything but prayed on police officers. Many lost their life savings.
My two cents, I think it has been a mistake for CPAs to become so closely aligned with tax and audit work. If one was going to 'invest' hundreds of thousands in local business, why don't the investor hire a CPA firm for due diligence on the promoter?
I am not sure prison is the right answer here. He will certainly not re pay the lost funds sitting in jail. Better he was supervised in some activity to pay something to his victims.
Richard Cardenas gets 20 years for bouncing checks.
The checks were written to cover a phony football program. Participants were promised college scouts would recruit the better players. again why didn't the parents check this guy out.
I am not sure
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Professor Elam
Tuesday Sept 28 2021
we have been following the misfortunes of the SA Symphony. Now the Board proposes
halving the size of the orchestra, using part time substitutes, and cutting full time pay.
It ran a $2 M deficit in its last year before the Pandemic revenue of $6 M and expense of $8 M. Only $5 M in revenue is expected this season.
As noted here, it is amazing $190 was spent on the Tobin Center but nothing was done to fix the long standing problems of the Symphony.
Looks like a combination of county, city, and corporate money could solve this problem. But with interest in classical music continuing to decrease, will the symphony go the way of another former mainstay of American life – the cafeteria?
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Professor Elam
Monday Sept 27 2021
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Professor Elam
Monday Sept 27, 2021
You have probably seen video of the robot Spot, who can be knocked down and gets right back up.
Apparently it has found widespread use for inspections. Actually $75K does not sound expensive to me, that is a decent annual salary for one person and
Spot probably only needs a re charge
Never goes on vacation
Does not need health insurance
Can work weekends and holidays, what's not to like
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Professor Elam
hanks for signing up for the virtual “Sea of Opportunity” Accounting Careers Workshop that begins at 5:25 p.m. this Friday, September 24 (see below for the Zoom link). And yes, that’s right, we moved up the start time to 5:25 p.m., because we have so much great advice to share with you.
Our CPA panelists and sponsoring recruiters are excited about seeing you – on Zoom – and answering your questions during the Workshop and afterwards at bonus recruiting sessions. To learn more about these bonus sessions, where you will get specific information about firms’ internship programs and the opportunity to ask questions, keep an eye on the Chat function during the Workshop for times/dates/links.
Feel free to share this link with other accounting majors from your campus who want to learn more about careers and internships for future CPAs!
Thank you for signing up to attend TXCPA-San Antonio’s virtual 2021 Accounting Careers Workshop on Friday, September 24, between 5:30-7 p.m. See you on the 24th!
Amanda Talaat is inviting you to a scheduled Zoom meeting.
Topic: TXCPA-San Antonio Accounting Careers Workshop
Time: Sep 24, 2021 05:30 PM Central Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/89726037512?pwd=UWRHODNtRHV3NmI2NHVxYTdFVEJsZz09
Meeting ID: 897 2603 7512
Passcode: 235941
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Professor Elam
Thursday Sept 23, 2021
Good Morning Dr. Green & Dr. Elam,
Here is another position available for FT Accounting Specialist, if you wish to share it. This position is open with a local non-profit. I work very closely with them. If students wish to apply, they can do so with the link below. I strongly encourage students to include my name as a referral in their cover letter – they will very likely be selected for the interview:
Regards,
Ankur -
Professor Elam
Sept 22, 2021
Meet Brittany Fry: Accounting Intern to Revenue Accountant at HOLT
HOLT CAT posted on September 21, 2021 13:49In 2017 Brittany Fry found herself frustrated and feeling stuck in her career. She knew that in order to advance she needed a degree, and her banking and accounting background, accounting seemed like an obvious choice. Brittany met Mike Meurin, Divisional Controller at HOLT CAT and 2020-21 Chapter President of the San Antonio Chapter of the Texas Society of CPAS, at a networking event last year. She joined HOLT CAT as an intern, and eventually became a full time revenue accountant. She will graduate from Texas A&M University-San Antonio with her degree in Accounting in May 2022. Following is an interview recently posted on the TXCPA-SA website.
NEXT GEN: BRITTANY FRY
From The Texas Society of CPAS – San Antonio
May 3, 2021The nine universities and numerous community colleges in the 21-county area served by the Texas Society of CPAS-San Antonio are home to some of the most outstanding future CPAs in the state. Since March 2020, they have faced many new challenges. This next generation accounting major talks about what keeps her focused on her professional goals.
Meet Brittany Fry, Texas A&M University-San Antonio, Accounting, May 2022!
Why did you choose accounting as a major and career choice?
In 2017, I found myself frustrated and feeling stuck in my career. I knew that for me to advance in my career, I would need a degree. Because my background had been primarily in banking, accounting seemed like the obvious choice.Is this a career change? If so, what did you originally major in?
Although accounting is not a career change, I did change my major from biology to accounting when I began taking classes in 2018.Why do you choose to be involved in the Texas Society of CPAs-San Antonio Chapter, and what are you active in?
I decided to join TXCPA-San Antonio because I knew it would be a great opportunity to meet other professionals and build my network. In addition to being involved as a mentor on campus at TAM USA, I also lead a small group on the weekend.What has been your best experience as a college student?
My best experience as a student has been not only developing as a student but as a professional. I have had the privilege to meet incredible professors who have encouraged me and helped me develop and fine-tune my skills.Would you change anything about your career path, and if so, what?
I would not change anything about my career path, but I wish I would have started sooner.What do you see yourself doing five years from now?
Five years from now, I plan to be in a career that I not only enjoy but one in which I have opportunities to give back to my community.EDITOR'S NOTE: Brittany attended a virtual YAPpy Hour sponsored byTXCPA-San Antonio’s Young Accounting Professionals last fall, where she met 2020-2021 Chapter president Mike Meurin of HOLT CAT. She learned about and successfully applied for an internship with the company and was recently hired by HOLT CAT as a full-time employee. Congratulations, Brittany!
Posted in: News
Professor Elam 