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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

« Graduate Education Day | Main | Newly Minted CPA to Speak in Class Saturday May 25 »

March 22, 2017

Sears Issues Going Concern Language in Annual Report

Wed March 22, 2017

Accounting reports assume a company will remain in business. If it appears the company is not generating enough cash to meet expenses, a going concern

statement is issued with the report. We have followed the downward spiral of Sears Holdings SHLD for some time now.

Yesterday SHLD issued a going concern statement, so the end will probably come for what was once the world's largest retailer in the next 12 months.

So much for Eddie Lampert's boy genius status.

Posted at 10:50 AM in Audit, Cost Managerial |

Comments

Renita Elizalde

Sears is like a cat with nine lives, have they really exhausted all nine lives?

Posted by: Renita Elizalde | March 25, 2017 at 11:19 AM

Josh

Now that the craftsman brand is sold off and it's evident that sears is going out of business I guess I might have a hard time getting my tools warranted and finding future replacement parts for my recently purchased riding lawn mower. Also I am wondering if my eye doctor who operates under the Sears optical is going to retire or find another facility to practice at. With less inflows than outflows of cash shouldn't the revised accounting equation for sears be cash

Posted by: Josh | March 26, 2017 at 09:47 PM

The comments to this entry are closed.