Professor Elam

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

LUby's Misses Filing SEC Report

Thursday Nov 15 2018

Luby's  missed filing its annual 10 K financial report with the SEC.

 

Luby's stock hit a high of $25 in the early 1990s and has been in decline since. The firm also owns Fudrucker's and Cheeseburgers in Paradise.  This is ironic given the  flood of newer chains like Smashburger, Five Guys and In and Out in San Antonio.

 

Professor Farhat Lecture Series

Tuesday Nov 13, 2018

Thanks to a helpful tip from Mark Goldman, I am providing a link to

Professor Farhat's accounting lectures.

 

Here is the Edspira link

 

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

 

 

 

 

This is a link to his main page which displays all his offerings. Notice he has about 33,000 followers!  And he covers all the bases, advanced, tax, intermediate, govt, cost even a section on cpa exam review.

So in addition to the Edspira Kahn series this is another resource for your accounting review.

FASB Adds SOFR to Interest Rate Hedge

Monday Oct 29 2018

FASB addds SOFR for interest rate hedging.

SOFR is the Secured Overnight Financing Rate.  This is being done after revelations that the LIBOR London Interbank Overnight Rate

was manipulated by fraudsters.

Reading the WSJ is one of my twelve steps to Conquer Accounting. I linked to another source but spotted the news in the WSJ today.

Sears Finally Near Bankruptcy

Wednesday Oct 10, 2018

Sears has employed a firm specializing in bankruptcies.

The article is a textbook lesson in why the cash flow statement is the most important. Sears has simply failed to generate cash to re pay debt and fund operations.

We have written about this for some time noting Eddie Lampert is no retailer. It is ironic that the firm which created catalog shopping in teh  1890s, now on line shopping via electronic catalogs, is going under.

IFRS vs GAAP

Weekend Sept 30 2018

I am going to begin posting every single day. Today we offer up the PwC podcast of the differences between IFRS and GAAP.

 

https://www.pwc.com/us/en/cfodirect/multimedia/podcasts/us-gaap-ifrs-differences.html