Posts Tagged: outsourcing

Integrity in the Supply Chain

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

Jordan Strauss, managing director in the Forensic Investigations & Intelligence Practice of Kroll, LLC, details the major risks of corruption existing in supply chains today, and offers tips on addressing them. Questions: Normally, where are the greatest risks in supply chains? How have risks changed in the supply chain during the COVID-pandemic? What percentage of… Read more »

Woes for Lowe’s?

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

Lowe’s announced that it will be laying off thousands of workers, including maintenance workers, service workers, and furniture and grill assemblers. Questions: How does Lowe’s plan to fill this void? What will it offer the laid-off workers? What is the health of Lowe’s stores overall? Source: Dockery, W. (2019). Lowe’s Layoffs 2019: Why The Hardware… Read more »

They’re back!

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According to CNN, shares of BlackBerry (BB) were up in early trading Wednesday after the company reported earnings and sales that topped forecasts, led by growth in its software and services business. Questions: 1. Why is this such big news? 2. How is the company making a big bunch of their money? 3. What has… Read more »

Promises Kept? Buy American, Hire Americans?

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According to Lydia O’Neal with the International Business Times, President Donald Trump recently signed an executive order urging the U.S. to “buy American,” in part by encouraging the Departments of Commerce and State to prioritize American firms when they dole out lucrative contracts. Unfortunately, a report released last week found, that the direction may not… Read more »

Walmart vs. Amazon: A Grocery War?

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

Questions: 1. Do you see this as a competition between Walmart and Amazon? Why or why not and are there any other players in the grocery war? 2. According to the video, why didn’t Walmart just create their own logistical team rather than use Uber and Lyft? 3. Would you be willing to pay $7… Read more »

Salary and Class Inequality at the World Bank?

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As outsourcing has become more common, even the World Bank is seeing its share of employee discontent about contract employees. Roughly half of those that work for the World Bank are consultants, brought on for fixed contracts that often end up being renewed over and over again. Across the bank’s offices worldwide, there are currently… Read more »

The Justice System and The Costs of Being Poor

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According to Mr. Edsall, the new growth industry, on the backs of the poor, seems to be private probation, correctional, and detention companies. In fact, Corrections Corporation of America, is listed on the New York Stock Exchange and reported revenues of $1.69 billion in 2013. Questions: 1. This collection of private probation companies and the… Read more »

Saving Money in the Court System Leads to Problems

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According to Lisa Borden, an attorney in Birmingham, Alabama, many towns are so economically strapped, that the pressure is growing on courts to bring in more money rather than mete out justice. In this article, examples highlight aggressive tactics used by for-profit probation companies that promise revenue to the towns, while failing to offer constitutional… Read more »

The Judge Says So

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Just days ago, it appeared that a hundred low-wage workers at a Walmart-contracted warehouse in California would lose their jobs after publicly accusing their employer of shorting them on pay and forcing them to work in harsh conditions. But after the workers argued that the layoffs amounted to illegal retaliation, a state judge ordered this… Read more »

The confused world of outsourcing

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

India’s outsourcing giants — faced with rising wages at home — have looked for growth opportunities in the United States. But with Washington crimping visas for visiting Indian workers, some companies such as Aegis are slowly hiring workers in North America, where their largest corporate customers are based. In this evolution, outsourcing has come home…. Read more »