Posts Tagged: cash hoard

You can’t take it with you!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

While Bloomberg indicates that younger generations aren’t saving enough, older Americans are sitting on top of unprecedented piles of assets built through stock market and real estate booms. Questions: 1. What does a new study find about many U.S. retirees? 2. What are the financial statistics for American households and nonprofits according to the article?… Read more »

Apple and Taxing Issues!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

This week, the European Union (E.U.) ordered Ireland to collect $14.5 billion in unpaid taxes from Apple. According to Margrethe Vestager, the European Union’s commissioner for competition, Apple’s illegal deals with the Irish government allowed the company to funnel profit from two Irish subsidiaries to a “head office” with “no employees, no premises, no real… Read more »

Where in the world are all the vinyl records going?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

Hoarding goes beyond compulsive collecting, affecting finances and other areas of the hoarder’s life. Unable to stop buying records, Zero Freitas, a wealthy Brazilian businessman, follows a therapeutical quest to acquire precious and neglected records that haven’t been preserved or transferred to digital files. This post examines what is going on with the world’s vinyl… Read more »

Making An Embarrassing Case Disappear?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

According to Michael Devine, a freelance programmer who is one of the four plaintiffs named in the suit against tech giants Apple, Google, Intel and Adobe, the companies are getting off far too lightly. With cash hoards of over $230 billion collectively, the settlement amount of this class action suit was about one-tenth of the… Read more »