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San Antonio Accounting Societies

Local Accounting Firms

  • BKD
    In the last few years several local firms have been acquired, like the Hnake group, by national firms such as BKD.
  • Grant Thornton San Antonio
    Grant Thornton is one of the large national firms occupying the size ladder below the Big Four.l
  • Padgett Stratemann is now RMS
    As San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.
  • Turner Cleveland PC
    Terry Cleveland has addressed our students. Two of our graduates are employed with at this firm.
  • weaver CPA
    Weaver is one of the largest Texas based Accounting Firms.
  • Hill and Ford CPAs
    Kim Ford has addressed our students. She has expanded her practice from tax and write up to forensic investigation and court testimony.
  • Fisher Herbst and Kemble P. C.
    Bruce Howard who was on our Business Advisory Council was the Officer Manger for this firm.
  • Ridout Barrett CPAs
    Tony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.

Financial Consulting Firms

  • Aventine Hill Partners, Inc.
    Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.
  • Resource Global Professionals
    Susan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.

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Accounting Information

TAMUSA Library

  • P2240002
    Learn about the accounting review mateirals!

Geo Politics

  • Foreign Affairs
    :Published by the Council on Foreign Relations
  • Institute for the Study of War
    The Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.
  • Stratfor
    This Austin, TX based site was begun by an ex Texas State Professor.

Columnists - Thoughtful Reading

Economic Sites and Blogs

The View from Abroad

San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.
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San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

Socionomics

« Dallas Logistics Hub | Main | Can You Rhyme Hunang Shenfen? »

April 14, 2007

Comments

Jason Raper

Apparently the slump in car sales is not affecting only the US automakers but now the Japanese as well.....I found this article on BW (below) stressing that Nissan has seen a slump in sales the past year and expects worse to come. Relating this to your article, maybe people are not seeing the value in spending so much on transportation anymore as they once did; or since the rise in poverty now prevalent in the US (37 million Americans below the poverty line) and the decrease in the Bourgeoisie class....maybe some just can't afford it like they think.

But refering back to my article, maybe automotive troubles are not just a US problem but starting to become a global problem; that only one or two companies (Toyota and Hyundia) have really seemed to find a solution. Refering to your article, if someone can find a way to create a product at lower cost and produce the same quality/better quality, kudos to them!

My feelings are that maybe Nissan is now facing some of the problems that the US automakers have for years with them opening factories here in the states for political reasons...who knows, but those who are saying that the Japanese are the only ones doing it right may need to pull back their statements and foresee that bad habits and hard times can arise within any company....just as a reference I have included the article below..WHAT IS THE DEAL WITH THE DISCUSSION TAB ON WEB CT??????

Nissan Motor may push back sales target
By HIROKO TABUCHI


Nissan Motor Co. said Monday it may have to push back a key sales target it aimed to hit next fiscal year, a blow to Carlos Ghosn, the chief executive who has led Nissan's turnaround.

Nissan, Japan's third-largest automaker, is aiming to sell 4.2 million vehicles globally in the fiscal year ending March 2009 as part of a three-year revival plan.

But weak performance last year, blamed on a dearth of new models in North America and sluggish sales in Japan, may mean it might take longer to meet the target, said a Nissan spokeswoman who spoke on condition of anonymity.

"There's a growing possibility that meeting the target could be delayed by a year," she said, citing company policy.

The official declined to offer a new timeframe, saying Ghosn would likely provide additional details when he briefs on Nissan's results later this month.

The company's setback would underscore the difficulties Nissan faces in recovering from a slump last fiscal year. Tokyo-based Nissan slashed its annual profit forecast in February after seeing a 22 percent slump in earnings in the October-December quarter.

The company now projects annual earnings through March to fall to 460 billion (US$3.8 billion; euro2.9 billion).

The automaker is likely to report its first annual drop in net profit in seven years for the year ended in March on account of sluggish sales in Japan and the U.S -- a stark contrast to rival Toyota Motor Corp., which is expected to report record earnings.

The dire outlook prompted Ghosn, once credited for saving Nissan from bankruptcy, to declare a "performance crisis" at the automaker in February.

Nissan shares, which saw moderate ups and downs in recent months, closed down 0.08 percent at 1,227 yen (US$10.31) on the Tokyo Stock Exchange Monday.

Dennis Elam

Well I don't know that I would call 3.8 B a performance crisis, Nissan has done much better under Ghosn but I don't think they carry the cachet of a Honda or a Toyota, at least he did not merge with GM and end up with a trying to cross two unrealted entities.

The fact of the matter is that the car business is rather crowded, Jerry Flint made the observation a while back that while Honda and Toyota and now Nissan again are making good money real success seems to have eluded Mazda, Subaru, Suzuki all of whom struggle to sell 300,000 cars a year, in fact they don't. Meanwhile KIA and Hyundai show up on the scene, in these low ball markets Tata and Chery will be players

Sort of reminds me of the Model T, a simple design that could be a roadster, pickup, sedan as long as you wanted black, which dried faster than other colors so that is why ford chose it.

I think we should allow simpler designs like the KAW Mule on the street in suburban areas, the govts certainly drive them on the street. Why can't we?

Jason Raper

The discussion tab is not working or I am an idiot (probably both, HELP....I AM TRYING TO DO WHAT YOU ASKED!!!!!!!!) but this does relate to to this discussion some....I found this this morning on Yahoo Business and it talks specifically regarding the shift towards buying from the Indian markets that appear to offer cheaper COGS, supplying our plants here in the states, as well as starting to market more vehicle sales in India.

Hopefully GM can avoid the "No-va" blunder from the 70's in Latin America...I still laugh at that one!

GM to buy more auto parts from India Tue Apr 17, 5:41 AM ET

NEW DELHI (Reuters) - General Motors Corp. (NYSE:GM - news) is looking at a "multiple increase" in auto parts sourcing from India, Chief Executive Rick Wagoner said on Tuesday.

Wagoner also said India would be the world's second-fastest growing auto market over the next decade.

"Half of (the population) is under 25 years, so there's a lot of potential buyers for everything," Wagoner said.

Annual passenger vehicle sales in India are forecast to nearly double to 2 million units by 2010, on the back of rising incomes and new launches from the world's top car makers.

"We are not only focusing on leveraging our supply base to suit our local needs, we are also looking to source more parts out of India to supply our global operations," Wagoner said at a business conference in India.

"We hope to increase our sourcing significantly over the current level, perhaps as much as five-fold over the next two years."

Wagoner was in India to launch the mini Chevrolet Spark and visit GM's engineering centre in Bangalore. He was also expected to meet India's prime minister.

GM, which aims to have 10 percent of the fast-growing Indian market by 2010, makes the Corsa, the Chevrolet Optra and Aveo sedans and the Tavera multi-utility vehicle at a plant in Gujarat state, which has a capacity of 85,000 units.

It is building a second plant in western Maharashtra state with an initial capacity of 140,000 units and has said it may build an engine and transmission plant as well, as it tries to wrest share from Suzuki Motor Corp.'s

Jason Raper

Here's a good one for marketing about Ford. They have hired on the writer of Glengary Glen Ross to help market their vehicles during American Idol. I am sure that they are paying high prices for this spot on TV. The story says that many BMW buyers are trading in their cars to buy Ford vehicles...I find that hard to believe but the stats ususally don't lie.

Here is one point from the article that just seems a bit.....well......DUMB?????

"Art Spinella, president of CNW Marketing Research, an automotive research firm in Oregon, said the comparison strategy is an effective way of getting noticed, but it doesn't always convert to sales."

WHY THE HELL DO THIS IF THERE IS NO GUARANTEE FOR SALES????? Isn't that the point of marketing?

By TOM KRISHER, AP Business Writer
Mon Apr 16, 8:53 PM ET


DETROIT - In an effort to get more people to notice its new vehicles, Ford Motor Co. has enlisted the help of filmmaker and Pulitzer Prize-winning playwright David Mamet to direct some of its commercials.


The television spots, to debut Tuesday night during Fox's "American Idol," compare the company's Edge crossover vehicle to the BMW X-5 and the Lexus RX-350, Ford officials said.

The idea of calling in Mamet, known for writing sparse, choppy dialogue, came from Ford's advertising agency, J. Walter Thompson Co., said Barry Engle, general manager of Ford Division marketing.

The spots feature two men sitting in Edges, talking out the window about how their vehicles compare with the BMW and Lexus.

Agency copywriters drew up the dialogue in an effort to mimic Mamet's work, and he didn't change any of the words, Engle said. But Mamet was in charge of camera angles, lighting and the actors' facial expressions.

Mamet won a Pulitzer prize for "Glengarry Glen Ross," a play that catapulted him into the ranks of America's elite playwrights with its gritty portrayal of the cutthroat world of a Chicago real-estate office during the greed-driven 1980s.

The ads are part of Ford's effort to tell people that its new products are competitive even with vehicles that cost several times as much, Engle said. Ford has run ads comparing its Fusion mid-sized sedan and Expedition large sport utility vehicle with the competition.

Art Spinella, president of CNW Marketing Research, an automotive research firm in Oregon, said the comparison strategy is an effective way of getting noticed, but it doesn't always convert to sales.

"Comparisons are the most effective at getting kind of an instant recognition among consumers to at least position the vehicle with consumers, position it with comparable vehicles," he said.

But to many people, comparing a Ford with a BMW might be a bit of a stretch.

"Nobody goes out and buys a Ford thinking they're getting a BMW," Spinella said.

Yet, Engle said Ford did the spots because people are trading higher-cost vehicles in for Edges.

"It's very much up to par with vehicles that do in fact cost a lot more," he said.

Jordan McClary

Hey all I know is that if these cars come to frutition in the States the Big three may be doomed. They are already having a hard time making cars cheap enought that they can sell them and make a profit, and now there suppose to go ultra cheap??? Oh man....I really want to see if they can miracoulously compete.

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