Professor Elam

Application Fee for CIA exam now Waived

Tuesday August 25, 2015

the $200 application fee to take the CIA exam is now b being waived.

Now honestly, if you were not attending TAMUSA you you have known that?

Our aim is to provide outstanding value with your college education. 

AIPB - A good spot to start on certifications

Tuesday August 25 2015

Have you heard of the American Institute of Professional Bookkeepers? Here is an example of their Bookkeeping Tips.  You can sign up for free and receive this helpful tutorials.

And did you know there is a Certified Bookkeeper designation?  This does not require a college degree, so you could start on it now. In this way one would work your way up to more difficult certified exams.

Membership in Institute of Internal Auditing

Tuesday August 25, 2015

I mention in class one can join IIa as a student member for $35. Here is a

sample of articles from the current issue of IA magazine.  The theme of this issue is cybersecurity. 

As you can see this is a well done informative publication.

Chief Accountants Adding Up

Tuesday August 25, 2015

You swill hear me discuss the expanding role of accountants in business. Sure enough in today's WSJ we learn how  Chief Accountants are Adding Up. Controllers are focusing on budgeting and planning while Chief Accountants are responsible for the nuts and bolts of global bookkeeping. 

Since 2009 there has been a 40% rise in the number of chief accounting officer titles. 

As I say, the sooner you focus on which certification you want to obtain the better you will launch your career. 

Who's the Best?

August 25 2015 Tuesday

In contrast to our Who's the Worst List, we out of fairness, start a Who's the Best List. 

8/25/15 Our first group is clearly the six who stopped the gunman on the Paris bound train.  In the same spirit as the group who kept the third plane from hitting the White House, Let's Roll, this group simply charged in and did what was necessary.  TheFrench President awarded the Legion d'Honneur, the nation's highest decoration, of four of the six. 

10/1/15 Accenture on Fostering Ethical Behavior

10/15/15 Five Keys to Creating an Ethical Culture

 

Gifts of a Teacher

Tuesday August 25, 2015

Brett Stephens reflects on one of his better teachers.

As the semester gets underway I am interested in hearing which teachers influenced you and why. 

You can post comments to this blog.

Walking Dead Reflects the Mood

Tuesday August 25, 2015

I made this comment over the weekend to a the Director of the Socionomic Institute

from the tv review section in the sunday paper regarding Fear the 

Walking Dead

 

Unlike Rick and his crew, the folks we will meet on Fear are not seasoned survivors. They are a diverse group witnessing the implosion of society at its breaking point.

 

Wow, if all of us had tried to concoct a scenario correct for the mood right now we could not do better than that

Five years after the debut of Walking Dead Fear is billed as 

 

the beginning of what will eventually become the zombie apocalypse

 

I would say the timing is perfect spot on for the series

 Sure enough it set a cable series premiere record Sunday with 10.1 million viewers.

Socionomic Explanation

We are in an 18 year period of economic stagnation. Negative mood is a feature of such an era. Today's choices in entertainment trend to all sorts of monsters from zombies to vampires. The producers of this series have timed it perfectly to coincide with a top in the stock market, positive mood now shifting to negative. We may well see a return of a stock market apocalypse with prices collapsing 50% in the next year. If so this series will mirror the mood of the public. 

Accounting Position

Thursday August 20, 2015

Revenue/Regulatory Accountant (27721)

Accounting & Finance – Texas – San Antonio

POSITION SUMMARY:

Performs a variety of moderately to highly complex Revenue/Regulatory Accounting activities in accordance with policies, principles, standards and regulatory requirements. 

KEY RESPONSIBILITIES:  

·     Perform monthly Revenue allocations and distribution.

·     Prepare monthly account reconciliations.

·     Prepare monthly journal entries.

·     File monthly & quarterly Severance Tax reports (North Dakota & Utah).

·     ONRR reporting (Office of Natural Revenue Resources).

·     North Dakota Withholdings for non-residence royalty owners.

·     Meet all critical closing deadlines.

EDUCATION AND EXPERIENCE:

·     Bachelor’s Degree in Accounting, Finance or related field.

·     Minimum 4 years accounting/finance experience or 3 years of experience with an oil and gas E&P company in Accounting.

·     SAP Software experience or relevant Oil and Gas accounting system is preferred.

·     Severance Tax Reporting is a plus.

·     Advanced skills in MS Excel.

·     Good communication skills.

·     Must be a team player.  

 

 

Candidates can apply directly to our website using the Link below OR they can contact Yolanda at:

[email protected]

Link:  https://career4.successfactors.com/sfcareer/jobreqcareer?jobId=27721&company=Tesoro&username

Accounting Position

Thursday August 20, 2015

 

Mission Road Ministries has an accounts payable position open. click for the link.

 

What Entrepreneurs Need to Know

Tuesday August 18, 2015

the Author notes there are two things an entrepreneur needs to understand. 

The Product or service needs to be a win win for both parties. 

The Founder needs to be able to project profit and loss statements. 

He notes that most of the students he worked with could not do either. He also notes that the University of San Diego closed its Entrepreneur program once it gave away all its start up money. 

As an accounting teacher I am not surprised at his second finding. We gave up trying to teach debit and credit accounting to non accounting majors, They were simply not interested. ACCT 3001 is therefore a managerial accounting class. 

As a result only accounting majors learn how to construct an income statement. We cover the different statements in the ACCT 3001 class. But the professors teaching the capstone class regularly report that students arrive with little to no knowledge of financial statements or ratios. 

I am not surprised.