Professor Elam

NFLX Sheds $24 B Mkt Cap

Tuesday July 23, 2019

NFLX drops 15%

Point here is that earnings matter

Social mood towards NFLX was positive on the way up

 

Now it is turning negative on the way down

Mood drives markets

The Big Four Cozy Club

Weekend July  20 2019

In ACCT 5308 Ethics we note that the Too Big to Fail Firms now regularly pay fines without any admission of guilt and no on loses their job.

We are atarting to see calls for a break up ofthe Big Four.

SARBOX prohibited firms from being consultants and auditors. And so the audit firms just doubled their fees. 

We may be just one more Woldcom Enron series of events from facing that reality.

PCAOB Provides Rules on Auditor Independence

Weekend July 20 2019

PCAOB has issued guidelines on auditor independence.

The new guidelines address specific questions about auditor independence and whether lack of such can be cured.

Boeing Sets Aside $ 5 Billion

Weekend July 20, 2019

Boeing is setting aside $5 B.

The money will be used to compensate airlines for lost flights due to grounding 737 pplanes. In addition BA will settle with the families of 346 killed in two accidents.

TSLA has Terrible Quarter

Thursday April  25, 2019

Tesla has burned through more than $1.5 B in cash so far in 2019.

One of the TSLA bulls declares it the worst debacle he has seen in 20 years, uh no that was Lehman or PGE recently.

I have been suspect of Musk and TSLA all along. Everyone tells me he will make it with electric cars as he does so well with outer space. Those are two totally different enterprises.

And now most large European cities have passed zero emissions laws taking effect by  2025 This means the real car companies are now serious about electric cars. Dan Neil at WSJ recently announced Kia's electric SUV was better than the Chevy Bolt, and both can be bought now for about $37 K, a figure Musk has yet to match.

 

And with no dealers and scarce parts, it is hard to see how this start up will make it competing with the GMs, VWs, BMWs of the world.

Rise and Fall of Outboard Marine

Friday March 15 2019

 

Here is an interesting story of how OMC had  30% of hte outboard market the year it went bankrupt.

https://www.youtube.com/watch?v=rBdLitpi2sU

 

This is anamazing story and should be used in business school.

 

 

 

VACO Acqauires Aventine Hill

Tuesday Feb 19, 2019

 

Vaco Acquires Aventine Hill Partners - San Antonio’s Premier Advisory, Consulting and Executive Search Firm     NASHVILLE, TN, Monday February 18, 2019 – Vaco, a global talent & solutions firm, announces the acquisition of Aventine Hill Partners (AHP), San Antonio’s premier advisory, consulting and executive search firm. The acquisition formally extends AHP’s reach into Texas and significantly expands both companies’ talent and solutions offerings. Now, more than 10,000 clients across a diverse set of industries will have the solutions their businesses need to succeed.    Vaco has a long-standing commitment to Texas, entering the Dallas market in July 2006. Since that time Vaco’s Texas reach has been steadily expanding. Today the 16-year-old Nashville-based company has a strong Texas presence with offices in Dallas, Houston, Austin and now, San Antonio. The addition of Aventine Hill furthers Vaco’s ability to serve more than 40 markets across the globe.   In 2009 Aventine Hill was founded with an unwavering commitment to helping clients succeed by improving business operations and profitability while simultaneously advancing the careers of their people. Helping people to succeed helps companies to succeed. As San Antonio’s largest regional professional services firm, AHP is poised to add hundreds of clients to Vaco’s already established client portfolio.     “One of the foundations of our success is a commitment to discovering and retaining high-quality talent,” said Beth Hair, Founder, and President of AHP. “We will continue to deliver an exceptional client experience but with Vaco’s greatly expanded network of experts, solutions, and service offerings. San Antonio and all our Texas markets will benefit.”    No AHP leadership or executive changes are expected as a result of this acquisition. Beth Hair continues as President of AHP and will work closely with Leslie Hector, Executive Partner for Vaco’s Texas operations.    “We are on a passionate pursuit to find and partner with firms who share Vaco’s hunger for helping clients, candidates, and consultants,” said Jerry Bostelman, Vaco Co-Founder, and CEO.  “The moment we met Beth and her team we knew we found something special. Our cultural and strategic alignment is in lock-step, and I believe together we will be an unstoppable force.”     “For several years now, we have been impressed with the entrepreneurial spirit and technological expertise Vaco brings to the table,” said Hair. “Without a doubt, our combined services will benefit clients for years to come and advance the careers of our talented team members. Most importantly, together with Vaco, we will accomplish our growth strategies while staying grounded in our servent-leadership values and the long-term success of our clients and consultants.”      Vaco also acquired MEBC Global, a Pennsylvania-based consulting firm specializing in supply chain processes, earlier this month. As a testament to Vaco’s aggressive growth strategy, the purchases of MEBC Global and AHP not only expand Vaco’s reach geographically but also increases its 2019 projected revenue to $650 million.  About Vaco  Vaco provides boutique-level service with global reach in the areas of executive search, consulting, permanent placement and strategic staffing. Vaco has become a premier talent & solutions firm by attracting, developing and retaining the strongest players in the industry for their entire careers, so they are available to serve clients, candidates and consultants for the duration of theirs. Since its founding in 2002, Vaco has grown to serve more than 40 markets across the globe, 800+ employees, 4,300 consultants and $500M in revenue. Vaco has been named to Inc. magazine’s list of the fastest-growing private companies for the past 12 years and was recently named to Forbes’ 2018 List of America’s Best Recruiting Firms. To learn more, visit vaco.com   About Aventine Hill Partners   Aventine Hill Partners, Inc. (www.aventinehillinc.com) is a Texas-based professional services firm serving Austin, Dallas, Houston, and San Antonio. We provide our clients C-Level Advisory; Consulting; Interim & Project Solutions; and Executive Search in the areas of Accounting & Finance; Business & Technology; and Risk & Compliance. We are a leader because we approach serving clients, consultants, and candidates in a way that achieves the highest quality outcomes without compromise. Our commitment to people we interact with, coupled with our methodology of uncompromising quality, is our differentiator in achieving results for our clients.

BKD Cybersecurity

Monday January 21, 2019

On Line Acconting Tutorials

Monday January 21

Accounting coach and KEdspira Kahn Academyoffer hundreds of on line accounting tutorials for principles students.

Professor Farhat has longer lectures directed towards Intermediate Accounting students but that is simply the next class beyond principles

ttps://www.accountingcoach.com/

Learn Accounting Online for Free | AccountingCoach www.accountingcoach.com "AccountingCoach PRO is an exceptional service. It not only provides all the essential material to succeed in learning accounting and finance, but also explains all the relevant details that make the difference when you need to understand the complexity of accounting systems.

 

 

 

Edspira Kahn Academy

 

https://www.youtube.com/results?search_query=edspira+accounting+videos

 

Farhat more advanced covering Intermediate Accounting

 

https://www.youtube.com/user/user10452

Online Accounting Tutors

Monday January 14, 2019

Here are three excellent on line accounting tutorials

 

Accounting  Coach

https://www.accountingcoach.com

 

Edspira Kahn Academy

https://www.youtube.com/results?search_query=edspira+accounting+videos

 

Professor Farhat

https://www.youtube.com/results?search_query=professor+farhat+page