Posts Tagged: supply chain

Who’s Fault Is It Anyway?

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

According to multiple sources, the popularity of Ozempic, (also known as semaglutide) isn’t rising due to increased rates of diabetes, but instead is being used by individuals as the new “weight loss wonder drug”. Questions: Source: Lovelace, B., L. Dunn, K. Dahlgren. (2023). People with diabetes struggle to find Ozempic as it soars in popularity… Read more »

Watch out Walmart, Here they Come!

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According to the Washington Post, Kroger and Albertsons are putting together a merger deal that could pose a competitive threat to Walmart and other grocery chains, as a major industry consolidation.  Questions: Do you think that the merger will result in lower or higher prices for consumers? What types of issues is the FTC concerned… Read more »

Finally the End for Nikola Motors (NKLA)?

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, Managerial Accounting, Uncategorized, Video Updates.

According to Electrek.com, Nikola Motors has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Questions: Why has the founder of Nikola Motors been in the news over the past few years? Why did the company move away from developing a… Read more »

Major Supplier Under Cyberattack

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According to the New York Times, Toyota, the world’s largest automaker, said on Monday that it had suspended all production in Japan after a possible cyberattack at a major supplier. Questions: What is the name of Toyota’s major supplier? Why have cyberattacks become increasingly more common in Japan in recent years? What will the stoppage… Read more »

Just Like The Wild West: Massive Supply Chain Thefts

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Waiting for your order in the mail? Your goods may be stolen from rail cargo thefts; in other words, goods at rest are goods at risk. Questions: Why is theft so rampant in Los Angeles for rail cargo like that of Union Pacific? According to the Guardian, what percentage increase in crimial rail theft has… Read more »

Integrity in the Supply Chain

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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 »

Prediction: When Will The Supply Chain Problem Ease?

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According to the New York Times, the supply chain disruptions go back as early as last year, at the beginning stages of the pandemic.  Questions According to the article, what factors created the perfect storm in disrupting the supply chain? Why couldn’t the factories just produce more and help catch up the supply chain disruptions?… Read more »

Supply Chain Woes Spill over into Tax and Accounting

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According to Accounting Today, a new survey by Ernst & Young finds growing worries about transfer pricing among business leaders., as well as global tax changes. Questions: How many professionals were polled by the E&Y survey and what was the makeup of the group? What issues did respondents think are most likely to come under… Read more »

Cyberattack!

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, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, the Colonial Pipeline system fuels a significant amount of the east coast’s gas supply. A recent cyberattack halted the supplier and led to panic purchases and price spikes. Questions: Where were the highest rates of service station outages? Besides being a cyberattack, what were other characteristics of the attack? How… Read more »

The Chip Supply Chain: Addressing the Shortage

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No, it’s not Chips A’Hoy! According to Reuters, U.S. President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has severely hurt U.S. automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next six to nine… Read more »