Posts Tagged: refunds

Are you one of them?

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

When millions of Americans began filling out their 2018 taxes, they were surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds. Questions: 1. How are some people protesting via social media? 2. Why have refunds decreased? 3. How… Read more »

The Bottom Line

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

More than 250,000 of Corinthian Colleges’ victims will be able to get out from under massive and fraudulent student loan debts, Education Secretary John King will announce Friday in Boston. Questions: 1. What is the big asterisk that the article refers to? 2. How many schools and how many states are involved in this scam?… Read more »

Lose-Lose and Win-Win: Time for Change

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Reporting and Analysis, Managerial Accounting.

Most airline tickets are nonrefundable and require a hefty change fee plus any fare differential. And many hotel rooms are totally nonrefundable and nonchangeable, so you could lose the entire value of your room. So why isn’t it the same policy when the airlines or hotel changes your arranged plans? As this article points out,… Read more »