Professor Elam

Internship Posters Friday Oct 21, 2000

Thursday Sept 22 2022

Who is Nate Paul?

Thursday Sept 22 2022

An alert student sent me this link on Nate Paul , as one real estate professional commented, a rising star or a shooting star?

The story reminds me of another boy wonder Barry Minkow, now a twice jailed fraudster.

 

If you have Amazon Prime, you can watch Barry play himself in the film Con Man!

SA TXCPA Career Workshop

Tuesday Sept 20 2022

ACCOUNTING CAREERS WORKSHOP THIS FRIDAY 9/23

REGISTER

The 2022 Accounting Careers Workshop is happening this Friday 9/23 at the Norris Conference Center from 5:30 - 8:30PM.   There is still time for students to register for this free event! We implore you to share this great opportunity with your students!      Event Highlights: -Internship Opportunities -Career Advice -Free TXCPA San Antonio Student Membership -Networking with Professionals   Recruiters Attending: ATKG LLP ADKF LLP Steven Bankler CPA BDO USA LLP Exencial Wealth Management Fisher Herbst & Kemble PC Our Lady of the Lake Graduate Admissions Ridout Barrett & Company theKFORDgroup USAA Real Estate Company   The Accounting Careers Workshop provides a great opportunity for your students to get in front of working professionals and firms to begin having conversations that will lead to exponential growth in their professional journeys. Experiences and exposure like this are invaluable to budding future accounting professionals, and can have a direct impact on their career paths moving forward. Students will also be able to claim their free TXCPA San Antonio Student Membership which will grant them continued access to future networking and career building opportunities.    To register, students can scan the QR code on the flyer or visit the bit.ly link to take them to the event page. Upon clicking "register" students will be prompted to either login to our website if they already have an account, or create a free account, at which point they will be able to complete their registration. Please note that creating a free account is a prerequisite to successfully registering.   We hope that you will share this information with your students in the days and weeks to come leading up to the event. While we certainly do not expect any of you go above and beyond by doing the following, we have heard from professors in the past that offering some sort of in-class incentive for participation can have a tremendous impact on attendance!   If you have any questions please direct your email to [email protected] or [email protected] or give us a call at (210) 828-2722.   Thank you for your support in fortifying the futures of San Antonio accounting professionals!   Norris Conference Center 618 Northwest Loop 410 Suite 207, San Antonio, TX 78216

TXCPA-San Antonio 2022 Corporate Sponsors

For more information

IMA Webinars for members

Here are some examples of the benefits of student IMA membership.

Tuesday, September 20th, 2022; 6:00 PM Mountain Time

AZ Valley of the Sun: Cultivating A Bias-Free Workplace

For more information and to register click here:

https://www.eventbrite.com/e/free-virtual-cultivating-a-bias-free-workplace-tues-sept-20-1-hour-cpe-tickets-402092658967

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Saturday, September 24th, 2022; 9:00 AM Pacific Time

Peninsula Silicone Valley: FMN Session

For more information and to register click here:

https://psv.imanet.org/peninsulasiliconvalleychapter/events/eventdescription?CalendarEventKey=bed2baae-a80d-46d7-b703-527a9639c36a&CommunityKey=7fa93110-6b35-4e43-ab0c-a12d1d5fda9d&Home=/events/calendar&_ga=2.87649112.1105885898.1663683767-1038696026.1658859863&ssopc=1

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Monday, September 26th, 2022; 6:30 PM Pacific Time

Mt. Rainier: Supply Chain and Logistics - Impacts on the US Economy: Today and Tomorrow

For more information and to register click here:

https://mtrainier.imanet.org/mtrainiertacomachapter/events/eventdescription?CalendarEventKey=c86196ec-b7ba-476d-84b7-0017691b637d&CommunityKey=d2a4e4d0-4dd7-483e-bdc7-c5b72f303452&Home=/events/calendar&_ga=2.63614831.1105885898.1663683767-1038696026.1658859863&ssopc=1

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Tuesday, September 27th, 2022; 7:30 PM Central Time

Houston Chapter: The Personal Leadership Difference

For more information and to register click here:

https://event.on24.com/wcc/r/3945819/117DA32562672AD4A0F0A9960667EFCA

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Thursday, September 29th, 2022

Denver Centennial Chapter: RMAC 2022 Conference

For more information and to register click here:

https://rmaconference.org

Supply Chain Site

Tuesday Sept 20 2022

 

Maria Bartiromo had the CEO of Freightwaves on this morning. He points out the rail union vote on the deal is this Thursday.

If they are getting 14% raise, the dock workers on West Coast and the truckers will want the same. Might those unions pressure the rail workers to vote no

unless Teamsters and dock workers get the same deal. If so we could have quite a strike

https://www.freightwaves.com/

 

Student Reflection on Aaron Beam

Weekend Sept 17,2022

Aaron Beam was the CFO of Health South. I conducted an interview with him for our students. Aaron Beam served a few months in jail for his participation in this fraud.

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First of all, thank you to Professor Elam for conducting this interview. I did find his testimony extremely interesting. We, as people, are definitely susceptible to those extremely charismatic personalities. Not only in business, but in religion and politics as well, wouldn't you say?  Not just the Richard Scrushy's of the world.  But what about the Adolf Hitler's? David Koresh? Jim Jones, Jonestown? And many, many others. What a shame that these personalities are wasted on such dispicable individuals. 

Listening to Aaron Beam, he is definitely like one of the disciples of these leaders. He got lured in. Enjoyed the good life. The money. The fame. But....he's one of the survivors, right? One of the ones that walked away. While he still served jail time, it was minimal. Yes, he lost all of his money and other assets. But he knew what he was doing was wrong and he got out. Unfortunately, he didn't do anything to stop the bleed. By not saying anything, other CFO's and multiple accounting professionals also comprimsed themselves in this scandal. But it begs the question. If not in this scandal, than perhaps in another. 

All of these stores we've learned about so far in the class. They're all pretty much the same, aren't they? One little white lie. Which leads to another. And another. They don't get caught, so the lies get bigger and bigger. At some point, they probably start to feel like they're invincible. But in many cases, greed gets involved. They start living large and they love it. Who wouldn't? Besides, they haven't been caught thus far. And then what happens? They get less secretive. They start telling others. Others start getting involved and sharing the wealth. But with every new person that is brought into the fold, the risk increases. 

I had someone tell me one time. If you cheat, you WILL get caught. You might get away with it for a while. Or even longer. But eventually, you WILL get caught. Did that stop him from cheating? No. Even though he believe he would be caught. Nope. Didn't stop. People become arrogant. Egotistical. 

In the case of Richard Scrushy. He told these extremely intelligent room of CPA's, that he will deny everything, if he's ever questioned. So, basically letting these CFO's and others individuals involved, that even though he is asking them...no demanding them to cook the books. That he will deny everything. He will sell them all out to save his own self. The fact that he because an evangelist of sorts as his reign is coming to the end, proves my point about the Koresh's and Jones' of the world.

Going from millions of dollars to mowing lawns. But which was better for his conscious, his heart and his soul?

Just for the Fun, Boot Scooing Boogie

Friday Sept 16 2022

Boto Scooping Boogie

Attention Chihuahua Lovers - Swan Lake

Friday Sept  16 2022

Click for an amazing performance at a dog show

CPA Exam 2024

Download CPA2024

/click on the above foor powerpoint

 

 

Gleim.com sponsored a professor webinar on the 2024 CPA exam.

I did screen captures of the slides and assembled them into a power point for you.

The BEC portion of the four exam parts will be dropped. It will not be carried over from  2023 if one did not complete it.

Instead one has to choose from one of three different exams.

1. Business Analysis and Reporting BAR
2. Information systems and Controls ISC
3. Tax Compliance and Planning TCP

 

And there are no plans to drop the  150 hour requirement. I believe that decision will doom CPA to be a much smaller part of the certification world in the future.  CPA is about where General Motors was in 1968 with  60% of the car market, then along came the Japanese. Today GM has  18% of the car market.  In this case CPA will have lots of competition from 

CMA'

CIA

EA

CIA and CMA require only a Bachelors and no acct hours

EA not even a college degree

 

 

 

Wicked Wich

Friday Sept 16 2022

Mike Sutter reviewed a sandwhich shop with a unique approach. There are only six choices on the menu.  And each day they sell out of all inventory,nice and fresh. So they are done 11 00 - 3 00 each day.   The owner worked at Subway for years before opening her own shop. So this solves inventory as well as the long hours problem with most restaurants.

Yelp Review

 

 

 

 

 

2of9

Feliza Salazar owns and operates The Wicked Wich, a sandwich shop inside the San Antonio convenience store Oscar de la Tienda. 

Mike Sutter/Staff

 

Rating: Solid neighborhood option

“I wish I had something to sell you,” said Feliza Salazar with an apologetically furrowed brow as I ducked inside the Oscar de La Tienda mini-mart in Alta Vista just after 2 o’clock on a hot Thursday afternoon.

Salazar owns and operates The Wicked Wich, a sandwich counter inside the community-focused store, a hub for locals to display their art and buy coffee beans, Lucky Charms and Bettie Page refrigerator magnets.