Professor Elam

Non Profit Position

Thursday Sept 23, 2021

Good Morning Dr. Green & Dr. Elam,

 

Here is another position available for FT Accounting Specialist, if you wish to share it. This position is open with a local non-profit. I work very closely with them. If students wish to apply, they can do so with the link below. I strongly encourage students to include my name as a referral in their cover letter - they will very likely be selected for the interview:

 

https://www.indeed.com/m/viewjob?jk=0d9f064a2bd31c3f&from=serp&prevUrl=https%3A%2F%2Fwww.indeed.com%2Fm%2Fjobs%3Fq%3Daccounting%2Bspecialist%26l%3DSan%2BAntonio%252C%2BTX

 

Regards,
Ankur

The Advantages of a Student Membership in TXCPA

Sept 22, 2021

Meet Brittany Fry: Accounting Intern to Revenue Accountant at HOLT

HOLT CAT posted on September 21, 2021 13:49

In 2017 Brittany Fry found herself frustrated and feeling stuck in her career. She knew that in order to advance she needed a degree, and her banking and accounting background, accounting seemed like an obvious choice. Brittany met Mike Meurin, Divisional Controller at HOLT CAT and 2020-21 Chapter President of the San Antonio Chapter of the Texas Society of CPAS, at a networking event last year. She joined HOLT CAT as an intern, and eventually became a full time revenue accountant. She will graduate from Texas A&M University-San Antonio with her degree in Accounting in May 2022. Following is an interview recently posted on the TXCPA-SA website.

NEXT GEN: BRITTANY FRY
From The Texas Society of CPAS – San Antonio
May 3, 2021

The nine universities and numerous community colleges in the 21-county area served by the Texas Society of CPAS-San Antonio are home to some of the most outstanding future CPAs in the state. Since March 2020, they have faced many new challenges. This next generation accounting major talks about what keeps her focused on her professional goals.

Meet Brittany Fry, Texas A&M University-San Antonio, Accounting, May 2022!

Why did you choose accounting as a major and career choice?
In 2017, I found myself frustrated and feeling stuck in my career. I knew that for me to advance in my career, I would need a degree. Because my background had been primarily in banking, accounting seemed like the obvious choice.

Is this a career change? If so, what did you originally major in?
Although accounting is not a career change, I did change my major from biology to accounting when I began taking classes in 2018.

Why do you choose to be involved in the Texas Society of CPAs-San Antonio Chapter, and what are you active in?
I decided to join TXCPA-San Antonio because I knew it would be a great opportunity to meet other professionals and build my network. In addition to being involved as a mentor on campus at TAM USA, I also lead a small group on the weekend.

What has been your best experience as a college student?
My best experience as a student has been not only developing as a student but as a professional. I have had the privilege to meet incredible professors who have encouraged me and helped me develop and fine-tune my skills.

Would you change anything about your career path, and if so, what?
I would not change anything about my career path, but I wish I would have started sooner.

What do you see yourself doing five years from now?
Five years from now, I plan to be in a career that I not only enjoy but one in which I have opportunities to give back to my community.

EDITOR'S NOTE: Brittany attended a virtual YAPpy Hour sponsored byTXCPA-San Antonio’s Young Accounting Professionals last fall, where she met 2020-2021 Chapter president Mike Meurin of HOLT CAT. She learned about and successfully applied for an internship with the company and was recently hired by HOLT CAT as a full-time employee. Congratulations, Brittany!

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Advantages of TXCPA Student Membership

Thursday Sept 22, 2021

Meet Brittany Fry: Accounting Intern to Revenue Accountant at HOLT

HOLT CAT posted on September 21, 2021 13:49

In 2017 Brittany Fry found herself frustrated and feeling stuck in her career. She knew that in order to advance she needed a degree, and her banking and accounting background, accounting seemed like an obvious choice. Brittany met Mike Meurin, Divisional Controller at HOLT CAT and 2020-21 Chapter President of the San Antonio Chapter of the Texas Society of CPAS, at a networking event last year. She joined HOLT CAT as an intern, and eventually became a full time revenue accountant. She will graduate from Texas A&M University-San Antonio with her degree in Accounting in May 2022. Following is an interview recently posted on the TXCPA-SA website.

NEXT GEN: BRITTANY FRY
From The Texas Society of CPAS – San Antonio
May 3, 2021

The nine universities and numerous community colleges in the 21-county area served by the Texas Society of CPAS-San Antonio are home to some of the most outstanding future CPAs in the state. Since March 2020, they have faced many new challenges. This next generation accounting major talks about what keeps her focused on her professional goals.

Meet Brittany Fry, Texas A&M University-San Antonio, Accounting, May 2022!

Why did you choose accounting as a major and career choice?
In 2017, I found myself frustrated and feeling stuck in my career. I knew that for me to advance in my career, I would need a degree. Because my background had been primarily in banking, accounting seemed like the obvious choice.

Is this a career change? If so, what did you originally major in?
Although accounting is not a career change, I did change my major from biology to accounting when I began taking classes in 2018.

Why do you choose to be involved in the Texas Society of CPAs-San Antonio Chapter, and what are you active in?
I decided to join TXCPA-San Antonio because I knew it would be a great opportunity to meet other professionals and build my network. In addition to being involved as a mentor on campus at TAM USA, I also lead a small group on the weekend.

What has been your best experience as a college student?
My best experience as a student has been not only developing as a student but as a professional. I have had the privilege to meet incredible professors who have encouraged me and helped me develop and fine-tune my skills.

Would you change anything about your career path, and if so, what?
I would not change anything about my career path, but I wish I would have started sooner.

What do you see yourself doing five years from now?
Five years from now, I plan to be in a career that I not only enjoy but one in which I have opportunities to give back to my community.

EDITOR'S NOTE: Brittany attended a virtual YAPpy Hour sponsored byTXCPA-San Antonio’s Young Accounting Professionals last fall, where she met 2020-2021 Chapter president Mike Meurin of HOLT CAT. She learned about and successfully applied for an internship with the company and was recently hired by HOLT CAT as a full-time employee. Congratulations, Brittany!

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Intern Position Available

Wednesday Sept 22, 2021

 

August Rosemark, CPA, PLLC is looking to fill a part-time (approximately 15-20 hours per week) internship position.

 

Job Description

 

The internship will involve the preparation of business and individual tax returns, bookkeeping, drafting financial statements, and information returns for the Firm’s small business clients.  The ideal candidate will have taken accounting courses up to intermediate accounting.  Tax preparation experience is a plus, but not a requirement for this position.

 

Start Date

 

November 1, 2021

 

Pay

 

$16.00 per hour

 

School Years

 

Sophomore, Junior, Seniors, Masters

 

Majors

 

Mathematics, Economics, Accounting, Finance

 

Work Authorization

 

US work authorization is required

 

Interested candidates should Email or Mail Resume to:

 

August Rosemark, CPA

August Rosemark, CPA, PLLC

21720 Hardy Oak Blvd,

San Antonio, TX 78258

 

gus@rosemarkcpa.com

 

TX IMA State Conference

Wed Sept 15, 2021

The San Antonio Chapter is providing significantly reduced scholarships to students to attend the IMA Texas Annual Conference on October 1 and 2, 2021. If you register for the conference as a student and would like to be a part of the scholarship opportunity, please email campusoutreach@sanantonio-ima.org to be put on the list as a student participant! There are only 6 scholarship slots left, so be sure to register as soon as possible—there are only 2 weeks until the conference!

Here are the details on how the scholarship works and how to register:

1. Sign up for the conference by choosing whichever picture aligns best with your chosen attendance by going to our conference website: https://sanantonioima.wixsite.com/imasa2021
1. You will be under the green Students section. There is no longer an age restriction!
2. After clicking on whichever date(s) you can attend you will be redirected to the registration site. Click the blue Register Now button on the website and make sure that you are registering for the right day(s)! If you are an IMA Member already, sign in with your account information. If you are new, click on the Register Now! green button in the New Users box to the right of your screen.
3. After registering, make sure you receive a confirmation email. If you do not receive one within a few days, please reach out and we can double check everything went through appropriately. Email campusoutreach@sanantonio-ima.org to be put on the list to receive the refund!
4. Attend the conference! Once you attend the conference as one of our student scholarship recipients, we will give you a check.

1. If you attend on only Friday – we will give you a check bringing your total cost down to only $30.
2. If you attend on only Saturday – we will give you a check bringing your total cost down to only $15.
3. If you attend on both days – we will give you a check bringing your total cost down to only $40.

If you would like to stay at the conference hotel – Hyatt Regency Hill Country Resort and Spa:

On the conference website (https://sanantonioima.wixsite.com/imasa2021) there is a link to book your hotel room with our Group Code.

IMPORTANT: email campusoutreach@sanantonio-ima.org once you register to claim a scholarship spot! There are only 6 remaining so be sure to register soon.

If you have any questions, please reach out to Addison LePere at campusoutreach@sanantonio-ima.org.

Socio Paper Ideas

Tuesday Sept  14 2021

ACCT 5308 Ethics will write a socionomic themed paper in our contest with Univ of Delaware and William and Mary.

Here are a few ideas for paper topics.

Frothy Valuations'

In Monday's WSJ Andy Kessler suggests the market is failing a breathalyzer test. Airbomb is worth more than Marriott.

Tesla is worth more than the five big auto companies. The list goes on and on, a classic example of FOMO Fear of Missing Out and there is

no other alternative for investing. This is typical group think at market tops, herding abounds.

A Dearth of Babies

Many economies have now fallen below the population replacement  of 2.1 babies per family. This means populations are shrinking.  the problem is especially acute in Japan and Russia, the latter down from  165 M in  1989 to maybe  135 M now.  But nowhere is it as bad as Latvia and Lithuania, see page A 10 in today's journal. In rural Dagda, the high school is closed. There are no sit down restaurants. National population has fallen from  2.7 M in  1990 to  1.9M today, and most of the loss is younger people moving to Ireland and better paying locales. Demographic decline is near impossible to reverse, can it be down. Latvia disliked the influx of Russians during the Cold War, an attempt to make it more Russian. So they dislike the idea of the country being less Latvian.

China Open Your Books

SEC Chair Gensler calls on China to audit its auditors

https://finance.yahoo.com/news/gensler-warns-chinese-company-risks-201516019.html?fr=yhssrp_catchall

SARBOX requires the PCAOB to examine the work of external auditors, annual reports are issued by the PCAOB.  So far Chiina has refused an outside look at its auditors. Gensler is warning they will be kicked off US Exchanges unless they comply. Chinese accounting practices have been under suspicion for years.  See Luckin. It is finally coming to a head. Does China think their strategy will work?  HEre is a socio cultural clash to be sure.

A SPAC Public Company to Trade Private Companies

Page B 9

Forge Global trades private firm shares  online. It is merging with an SPAC Motive Capital to beome pubic with a  $2 B valuation .An SPAC is a Special Purpose Acquisition Company. SPACs raise money to buy something, except the investor does not know what. This sort of whimsy was first seen in the Tulipmania of  1636. Now it is back big time. Do investors even know what they are buying?

Reputations Wax and Wane in Bull and Bear Markets

I will outline the rise and fall of Bill Cosby measured against the Dow Jones Average, he and Steve Wynne are the two biggest surprises to me

A socio theme is that famous personalities often lose their luster in bear markets.

Market Scams

The Archegos Swiss Bank was conned by Bill Hwang - Goldman and Morgan got out first with minor damage, not Archegos

The Theranos scam is now on trial. Elizabeth Holmes fooled some of the high profile individuals in America as well as Walgreens, now she claims an abuse defense blaming an ex boyfriend for her lack of judgment. This can be compared to tulipmania, south sea bubble, dot.com, sub prime mtge

Skyscraper Theory

Big projects are planned amid market highs, then in the downside of the project the project opens  to a terrible market

In  1928 the iconic Tower Life Building was to be the first of a complex of offices, shops, and apartment/condo living.

The Majestic Theater was the largest in Texas, an atmospheric theater.

Both openned in the summer of  1929, whoops

Marion McNay planned her 10,000 sf home in what is now Alamo Heights and it opened in 1931

It happened again in  1968 with HemisFair the  250th anniversary of the founding of SA

Now Graham Weston plans all sorts of new buildings in downtown SA, he is moving the Plaza Club, Frost Bank Tower, Centro

UTSA is expanding its downtown presence. Will this be an echol of the four new universities that openned in  year 2000 at the very top of the  1982-2000 bull market, none have lived up to expectations, UNT Dallas, A  & M Central Texas,  MITC Round Rock, TAMUSA

AIDS and COVID

https://www.youtube.com/watch?v=ezKb_AFvU4g

Is Fauci making the same mistake with COVID that he did with AIDS

there never was a vaccine for AIDS, is there one for COVID

or is the better idea to treat patients so they can live with it

An Ill wind blows energy costs

also in today's WSJ, the wind has gone slack on the North Sea. EU countries depending on wind power are now seeing the price of conventional energy soaring

As social mood has grown to embrace solar and wind, and electric cars which will depend on solar and wind, is that a one way ticket to disaster?

EU countries are now discovering the danger of a lack of alternatives

The recent floods in Louisiana  are causing many to re think, what if I had to drive an electric car thru high water

If I had an electric car how would I re charge it with all the power lines down?  Point being that total reliance on electric vehicles could make a disaster just that much worse.

My take is that electric makes sense in small light vehicle like a Kawasaki Mule powered by an electric motor using numerous lawnmower batteries, most of my errands are within two miles of my home

Higher Ed Alternatives

Higher Ed  administrators still believe the demand for Higher Ed is inelastic, it will stay strong regardless of cost or how much faster cost outpaces reward on graduation

see sept 11 post on professorelam EY cuts cost of MPA

Also see coding schools, apprenticeships, more young men reject colllege, lower cost CC alternatives

 

TAMUSA TXCPA Events

Tuesday Sept  14, 2021

Hey Jags!

 

I hope your fall semester is treating you well so far. Below are some upcoming events that we hope you are able to attend:

 

Monday, September 20th (5:15-6:15 Madla 110)- GENERAL MEETING

The Mays Center will be at our general meeting to go over your resume, professional dress code, and how to network. 

 

Friday, September 24th (5:30-7:00 zoom link will be sent ASAP)- FALL ACCOUNTING CAREERS WORKSHOP

The professional chapter is hosting a virtual career workshop. Have you wanted to know more about audit or tax? Did you know there are more options available than audit or tax? Well, this event is just for you. Come explore with us!

 

Tuesday, October 5th (4:00-7:00 Vista Room)- MEET THE FIRMS

Come network with local firms. Possible internships and full-time positions are available so bring your resume!

 

If you would like more information or to RSVP, head over to JagSync! 

 

Please reach out to me with any questions. 

 

 

​Warm regards,

Brittany Fry

Campus Ambassador, President

bfry01@jaguar.tamu.edu

Belief | Developer | Restorative | Relator | Responsibility

TXCPA Conversation

Friday Sept 10 2021

today I participated in a live FB stream with the CEO of TXCPA Jodi Ann Ray and Sr Lecturer Mary Beth Goodrich.

 

Marty Beth and I were named TXCPA Out standding Educators statewide. Mary Beth teaches at UT Dallas

https://www.facebook.com/TXCPAs/videos/555075322359013/

SA CPA Career Fair Day

Thursday Sept 9 2021

Friday Sept 24 2021

 

5 30 - 7 00 PM on line

 

Please share the attached flyer with accounting majors, potential accounting majors and CPA candidates who are considering their future career options.

 

As discussed today, there will be seven presenting sponsors, in addition to the topic-specific speakers, who will provide information about their firms and how to connect with them regarding internships and entry-level jobs:

 

ADKF

Exencial Wealth Advisors

Fisher Herbst & Kemble

Ridout Barrett & Co

Sol Schwartz & Associates

Steven Bankler CPA

theKFORDgroup

 

Encourage your students/CPA candidates to sign up through you or contact us directly at 210-828-2722/toll free 888-828-8680 or amanda@txcpasa.cpa (new e-mail address) by Thursday, 9/23 at 5 p.m. to receive the Zoom link details. Name, university name and e-mail address should be included. If they want their resume included in the book to be provided to the sponsors, e-mail that in PDF to amanda@txcpasa.cpa by Friday, 9/17/21.

 

Thank you for your assistance in getting the word out.

Interesting Insight into Health South Fraud

Thursday Sept 9 2021

I have had the best feedback on the Aaron Beam presentation of anything I have ever introduced to students.

One student's Mother worked for Health South, here is his insight, very interesting.

 

I'm always really interested when one of my business classes brings up Healthsouth because my mother is an Occupational Therapist who was working for them when all of this went down. She had gone up to the corporate headquarters in Birmingham and was amazed and disgusted with how the city put Richard Scrushy on a pedastal and how huge his ego was.  It was not a shock to most employees when the fraud came to light, it was just mostly embarrassing to say that you worked for them.  My mom and all of her co-workers also followed everything leading up to the trial. They had heard that Scrushy was actually going around to different inner city churches each weekend, trying to manipulate people that might end up in the jury pool into believing he was a great guy. She was always dumbfounded that a jury could believe that all these different CFO's over the years all had the same scheme when they didn't even work together, but Schrushy knew nothing. Right.....

I was really impressed with Mr Bean and his sincerity. You were correct when you said that listening to him first hand really made this issue jump out of a textbook and apply it to a real person. I'm sure that he knew that the truth would come out one day.  I can't imagine the anxiety that that would cause. How can you ever really just enjoy your life after you've cheated? He didn't mention that one of the CFO's committed suicide around this time as well.