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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.

Accounting Information

Accounting Certifications

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.

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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.

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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

« Oil Priced in Gold Nearing a Bottom | Main | Memories of the CPA Exam »

September 23, 2015

WFT Cancels Share and Bond Offering

Sept 23, 2015

Note We are studying equity and share based compensation in ACCT 3304. There is a lot to learn in this article on the difficulty or raising capital in a down market. 

Be sure to read the article on page B 3 in today's WSJ. Weatherford WFT had announced plans to raise $1 billion in cash with a combo of shares and convertible bonds.  WFT shares fell 17% to $8.41 causing the company to cancel the offering 14 hours after it was announced.  Yahoo Finance puts book value of WFT at $7.91. 

Capitulation occurs as prices fall and fall resulting  in incidents like this where companies can no longer raise capital. The only choice is to put themselves up for sale or merge to stay in business. I don't think that is the case for WFT but I expect the stock price to dip below book value before this is all done. 

WFT waited to long. Earlier this year Whiting Petroleum, a North Dakota play, raised $1.05 billion with stock at $30. today it trades for $18. 

WE continue to look for some sort of long term bottom at year end or in the start of 2016. 

Here are the terms of the offering though no interest rate is state for the notes.

Posted at 07:38 AM in Financial Acct |

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