Professor Elam

Short Squeeze in Silver

thursday January 28 2021

 

First GME and AMC now Silver and silver miners.

What, AOC and Ted Cruz agree in an issue, huh?

The markets and government are voting for the hedge funds not the little guy who ran up  GME via options.

This is an authoritarian government, ruling by Exec Order rather than going through Congress.

Do you  do you recall business history, when was another time a crisis was generated by a private group challenging an exchange?

It was the Hunt Brothers in 1979-1980.

Read the link and see how then is now,  the exchanges and government do not like being embarassed.

 

Log Into M H Connect

Thursday jan 28 2021

Hello class,

This is just a reminder to activate your McGraw Hill Connect® account, if you haven’t already. We’ll be using Connect regularly for assignments, as it counts for ___% of your overall grade. When registering early, you will also have the option of getting two weeks temporary access.

In Connect, you’ll find:

• A digital version of the textbook that you can read on your laptop or on your smartphone via the free ReadAnywhere app.  Using the ReadAnywhere app allows for online and offline reading – perfect for an on-the-go life!
• A digital course planner and calendar to help you stay organized.
• Reports that help you track your performance, so you’ll always know how you’re doing and what you’ll need to study before that big exam.  

If you also want a print version of the text, you will have the option to purchase a discounted loose-leaf version once you purchase your Connect access.

Explore the College Smarter Not Harder website to help you learn how to get the most out of Connect.

Sincerely,

Dennis Elam

 

Gamestop shows Epitome of a Bubble

Thursday Jan 28 2021

My investing blog The Market Perspective has featured numerous examples of top market action.

https://professorelam.typepad.com/markets/

Yesterday the DJIA declines 600+ points while Gamestop and AMC went viral with massive volume and price moves.

There is much to learn from this, here are our library links to articles on yesterday's action.

https://search-proquest-com.tamusa.idm.oclc.org/news/publication/10482/citation/1345C2EA7187C9E3374/6?accountid=130967&decadeSelected=2020 - 2029&yearSelected=2021&monthSelected=01&issueNameSelected=02021Y01Y28%2423Jan%2B28%2C%2B2021

 

AMC

https://search-proquest-com.tamusa.idm.oclc.org/news/docview/2481455461/fulltext/E595710D5C11472FPQ/67?accountid=130967

 

Online Investors Create Buzz for stocks on Social Media

Here is a an insightful explanation of how option trading accelerated the price and volume move in GME.

https://search-proquest-com.tamusa.idm.oclc.org/news/docview/2481455428/ACEF9DD7D4C04AECPQ/78?accountid=130967

 

 

A Look at the NRA Bankruptcy

Thursday Jan 28 2021

Bankrutpcy is designed too eliminate financial distress. If the NRA is strong financiallly, what is it doing in bankrutpcy court?

The answer is that it hopes to wiggle out of a lawsuit by the NY State AG.

Enrolled Agent Exam Update

Wed Jan 27 2021

Learn all about the upcoming EA exam content changes.    Nate Wadlinger, EA, CPA, and Melissa Leonard, EA Product Manager, will discuss the implications of the CARES Act and newer legislation as well as the newly updated ECOs.

EA Exam Updates: What to Expect in 2021   Hosted by: Nate Waldinger, EA, CPA Melissa Leonard, EA Product Manager Date: February 2, 2021 Time: 1 pm ET/10 am PT   REGISTER NOW

Upcoming Classes from the Institute of Internal Auditors

Monday Jam 25, 2021

click on this link for both advanced and exam prep classes from the IIA

http://links.iia-communications.org/servlet/MailView?ms=MzI5OTQzNzQS1&r=NjI1NDk4ODQ1NjES1&j=MTg2NDA5NTk4NAS2&mt=1&rt=0

Start Your Morning Informed

Monday jan 25 2021

there are numerous freee resources of accounting information. Plan to take advantage of them, here are some links

 

Morning Brew

https://www.morningbrew.com/

 

CPA Insider - AICPA

https://www.journalofaccountancy.com/info/cpa-insider-subscription.html?utm_source=mnl:cpainsider&utm_medium=email&utm_campaign=25Jan2021&SubscriberID=133362220&SendID=339718

Big Four

Deloitte - click on the Insights tab at top

https://www2.deloitte.com/us/en.html

PWC - no podcasts or newsletter, a few article.

https://www.pwc.com/

EY -  link to editor's pick newsletter

https://info.ey.com/EditorsPicksNewsletter.html

KPMG - this firm has had more ethical problems than the tothers so take what they say with that grain of sale

link to the insights page

https://www.kpmg.us/insights.html

 

 

 

Yahoo Finance Morning Brief

https://subscription.yahoo.net/Newsletter/Preference/sub?&b=financemorningbrief&src=266706194&ncid=dcm_23770829_266706194_461763080_128183703

 

going Concern - Rather potty mouth for an accounting site but interesting and provocative

also has specific coverage of Big 4 CPA firms

https://www.goingconcern.com/

Texas Society of CPAs

https://www.tx.cpa/

KFORD Group - san Antonio based forensic firm

https://thekfordgroup.com/newsletter/

VACO - Local Aventine Hill consultants was acquired by VACO in Nachville, a variety of resources inclluding blog and newsletter

https://www.vaco.com/resources/

 

 

 

San Antonio Institue of Management Accountants Update

Weekend Jan 24 2021

San Antonio Chapter

At this week's chapter web meeting, we had two great speakers with interesting content (thanks Gilbert Barrera from Texas A&M San Antonio and Ryan Canales from Empower Wealth Advisors!), a great monthly meeting sponsor (thanks Olia Bosovik from Bowtie Business Intelligence!) and our much appreciated annual meeting sponsor (Ryan Canales - thanks again!) and we met some terrific Student Member Internship Candidates:

Aaron from University of the Incarnate Word
Burhaan from UT San Antonio
George from Trinity University
Kyle from University of the Incarnate Word
Renato from Baylor University
Saul from Texas A&M International University

If your organization would like information about these candidates, contact the chapter at:  [email protected].

 

After that, you can ask them if they are open to Spring or Summer, Full time or Part time, and Virtual or In Person roles.

If you registered for the meeting, you will receive a link to the recording in the next few days.

If you are interested in learning more about the CMA process, you have 2 easy ways to do it:

We are co-hosting a session with the Kansas City chapter on February 23rd from 5-6pm CT moderated by Randall Kurtz from IMA Global.  A link to register will be on the chapter website later this week.

There will also be a live session hosted by Becker Review on February 9th from 12-1pm CT.  Here is the link: 

https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=153FFA12-16B8-4EE7-80C1-878CE74266D4&LangLocaleID=0&Referrer=https%3A%2F%2Fonlinexperiences.com%2Fscripts%2FServer.nxp&utm_campaign=faculty_webinar2021&utm_content=paa_ct_20210122_educator_spotlight_webcast&utm_source=Eloqua&utm_medium=email

 

Robert Half Presentation

Thursday Jan 21 2021

I attended a Robert Half Presentation today. It included this important slide, take a look.

The decisions you make or do not  make the next two years will determine just how far you can go with your accounting ambitions.  This slide makes that cear. The percentile rank refeers to the highest percentile of salary levels.  Read the descriptions, why is the  95 th higher than the  256th?  One word, accomplishment.

The left side of this weblog has a reference to the top accounting certifications.  Please familiarize yourself with your options.  It is imperative to take the certified exam ASAP while you are in school or just out. That is when you are at your best test taking skills. Understand that CIA, CMA, EA, CFE do not require 150 hours as does CPA not 33 hours of accounting beyond princiles.  They just require a degree. Obviously you will need a great deal of specific accounting knowledge to pass the exam. But graduate school is not necessary.

 

Decide now on you career path, the sooner you focus on a certified exam the better.

PUtting Humpty Dumpty Back Together Again

Wed Jany 20 2021

This survey suggests it may be a lot more difficult to get things back to normal thant most think

I ave thought this for some time. Yes the virus is dangerous. But the coppler effect of more and more deaths, at least in the SA EN paper, is going to make it difficult

to persuade all to return. And what if someone returns and becomes ill?  Then what, and can one prove causality and do they have grounds t to sue.