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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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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

« HACU 30th Annual Conference in San Antonio | Main | The Apple Empire Strikeds Back »

September 04, 2016

Govt. Pensions Shortfalls, It's Not just Chicago and Detroit

Labor Day Weekend Sept 4, 2016

In today's SA Express News Michael Taylor note the Dallas Police and Fire Pension system has an unfunded liability per member of

$213,712. Houston is next at $128,576. In what is surely an hilarious , knee[slapping moment Moody's downgraded Houston  debt this last March 16, 2016 to

Aa3. With an unfunded liability like that I would think below investment grade at least  would be more like it.

More on Dallas Police Fire liability here.

Worse the problem is so bad in Houston, it may defy any solution.

Taylor reports that the Houston plan assumes an annual return of 8-8.5%. But only one of 127 pension plans earn that kind of return.

So what is going to happen?  I would guess the social securitization of the plans.  In short the pension liability is paid for by the current contributions of those working, a ponzi scheme to be sure with no Al Gore  lockbox in sight. The plans are under funded and will likely remain so.

When does the panic set in I wonder?

 

We study accounting for liabilities in Intermediate II Accounting . Clearly too many optimistic assumptions and lax accounting rules have let too many cities

dodge honest reporting on long term liabilities.

Posted at 11:54 AM in Financial Acct |

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