Professor Elam: Hard Times at Exxon

San Antonio Accounting Societies

Financial Executives international FEI San Antonio
There are 113 local members of this prestigious voluntary group of financial executives. I am a member.
San Antonio Chapter of Management Accountants
San Antonio Chapter of Institute of Internal Auditors
I am on the Board of SA IIA which boasts over 600 members. Its membership has doubled since SARBOX was passed.
San Antonio CPA Society
This is the local chapter of the Texas Society of CPAs. TSCPA is voluntary group separate from actually being a Texas CPA licensed by the State of Texas.
Petroleum Accountants Society of San Antonio PASSA

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

Acounting Today
This is an independent site for accounting news regarding firms and current issues.
Journal of Accountancy
This is the official magazine of the American Institute of CPAs.

Accounting Certifications

Certified Information Systems Auditor CISA
Now that everything is literally on the computer and cyber security becomes a prominent issue, I see more and more accounting professionals with this designation. Previously known as the Information Systems and Audit Control Association, it now goes by the acronym ISACA.
Certified Fraud Examiner CFE
The Association of Certified Fraud Examiners, located in Austin, TX by the way, offers this Certification.
Enrolled Agent EA
The National Association of Enrolled Agents offers the EA exam for tax professionals.
Certified Management Accountant CMA
The Institute of Management Accountants offers the two part exam to become a CMA.
Certified Internal Auditor CIA
The Institute of Internal Auditors offers the CIA, a three part exam as well as four other certifications.
Certified Public Accountant CPA
CPA certificates are issued by State Boards of Acconutancy though the exam is administered by the AICPA.
An Incomplete Laundry List of Existing Accounting Certifications
This list was compiled by a Professor at Sacramento City College.

Accounting Information

Acounting Today
This is an independent site for accounting news regarding firms and current issues.
Journal of Accountancy
This is the official magazine of the American Institute of CPAs.

TAMUSA Library

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.

Big Four Accounting Firms

Accounting Links

The Accounting Onion
Reflections on Accounting by Retired Prof. Tom Selling
The Summa
Prof. David Albrecht's Accounting Blog
Texas Society of CPAs
Texas State Board of Public Accoutancy

Columnists - Thoughtful Reading

Professor Tom Sowell
Perhaps the best mind in America
Ambrose Evans Pritchard of the Telegram
The real story from Across the Pond

Economic Sites and Blogs

The Price of Everythning
Tim Price reflects on markets from 'across the Pond.'
Yahoo Finance
Still the go to site for market data and links to company profiles, websites, and financial statements.
Zero Hedge
Tyler Durden's site is harder edge than most, serious stuff.
Market Watch
The Wall Street Journal continuously updates with news and article links.
Business Insider
A sort of National Enquirer look at Business Around the World.
Mish's Global Economic Analysis
Mish Shedlock's economic analysis.

The View from Abroad

National Post
Canada
Reuters
The Day's Top Stories
Straits Times
Singapore
Pravada
Moscow
Jerusalem Post
Jerusalem
Financial Times
London
Speigel Online
Frankfurt

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.

January 2025

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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

Socionomics Institute
How Popular Culture Affects Markets and Society

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March 07, 2018

Hard Times at Exxon

Wednesday March 7,2018

Exxon Chief Woods Struggles to Undo Predecessors Botched Ventures

Chief Executive Darren Woods inherited a bunch of deals from his predecessor Rex Tillerson, now the U.S. secretary of state, which have since gone sour. This year Exxon took a write-off on over a billion dollars for walking away from some of Mr. Tillerson’s projects, including some in Russia and Mexico. The losses are putting a drag on the oil firm’s growth, analysts said.

Posted at 09:19 AM in Economy, Financial Acct | Permalink

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Professor Elam

Business Information for San Antonio A & M Accounting Students / [email protected]

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March 07, 2018

Hard Times at Exxon

Exxon Chief Woods Struggles to Undo Predecessors Botched Ventures

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