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

Questions:

  1. What paperwork is filed with the SEC to go public?
  2. What are some of the eccentric nuggets in Casper’s paperwork?
  3. According to Casper, how does the mattress market interface with the sleep economy and the sleep arc and other sleep products and services?

Source:

Hartmans, A. (2020). The 6 most surprising and unusual takeaways from Casper’s IPO filing. Business Insider.com, Jan. 13 (Retrievable online at https://www.businessinsider.com/casper-sleep-mattress-ipo-surprising-takeaways-from-s-1-filing-2020-1)

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

After capturing the most 2020 Oscar nominations of any studio, Netflix stock is trading up 3.5%.

Questions:

  1. Which film received the most nominations?
  2. Between Netflix movies and original series, how many total Oscar nominations did Netflix receive?
  3. How does this compare with its Golden Globe awards?
  4. According to Bloomberg data, what is the consensus price target of Netflix?

Source:

Winck, B. (2020). Netflix soars after nabbing the most 2020 Oscar nominations of any studio. Business Insider.com, Jan. 13 (Retrievable online at https://markets.businessinsider.com/news/stocks/netflix-stock-price-jumps-most-oscar-nominations-all-studios-irishman-2020-1-1028813437)

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized.

After failing multiple times to go public, Albertsons’ grocery chain is launching an IPO valued at around $19 billion.

Questions:

  1. When did Albertsons previously try to go public?
  2. Who is Albertsons’ private equity investor and how long have they been invested in Albertsons?
  3. How much is Albertsons’ net debt, excluding leases?
  4. Why didn’t Albertsons’ merger with Rite Aid go through in 2018?

Source:

Relnicke, C. (2020). Grocery giant Albertsons is reportedly preparing to go public after failing multiple times in the past. Grocery giant Albertsons is reportedly preparing to go public after failing multiple times in the past. BusinessInsider.com, January 13 (Retrievable online at https://markets.businessinsider.com/news/stocks/albertsons-reportedly-preparing-ipo-after-failing-multiple-times-grocery-cerberus-2020-1-1028814011)

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

According to the New York Times, a barista class program started in 2017 at the island’s women’s facility was such a hit that the New York City Department of Correction (Rikers Island) expanded it to include 18-to-24-year-olds and convicted adult men. 

Questions:

  1. How long is the class?
  2. What is the purpose of the class?
  3. Each year in America, how many people are released from jail and how many are released from state or federal prisons?
  4. Do you think this will help prevent hiring discrimination? Why or why not?

Source:

Chozick, A. (2019). The Rikers Coffee Academy. The New York Times, Dec. 30 (Retrievable online at https://www.nytimes.com/2019/12/27/business/rikers-island-baristas.html)

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

According to the New York Times, Carlos Ghosn, former automobile CEO who proclaims his innocence, was aided in his escape from Japan by an American security consultant on a Turkish chartered jet.

Questions:

  1. Who was the American security consultant?
  2. How did MNG Jet, the charter company, allow Ghosn on the plane?
  3. After Ghosn got to Lebanon, what did he say in a released statement?
  4. What happened to the four pilots and operations manager for MNG Jet?

Source:

Dooley, B. and D. Yaffe-Bellany. (2019). Carlos Ghosn Was Aided in Flight From Japan by Former Green Beret. New York Times, Jan. 4 (Retrievable online at https://www.nytimes.com/2020/01/03/business/carlos-ghosn-cameras.html)

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

According to the Washington Post, U-Haul will no longer hire nicotine users in 21 states as of Feb. 1.

Questions:

  1. Why are they applying this policy in only 21 states?
  2. How many employees does U-Haul employ across the United States and Canada?
  3. What will U-Haul require of new hires regarding the new nicotine-free policy?
  4. Besides nicotine and tobacco products, what other goods are covered by the policy?

Source:

Beachum, L. (2019). U-Haul will stop hiring smokers, to foster ‘a culture of wellness’ — and cut health-care costs. The Washington Post, Jan. 3 (Retrievable online at https://www.washingtonpost.com/business/2020/01/03/u-haul-will-stop-hiring-smokers-foster-culture-wellness-cut-health-care-costs/)

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

At the time of this writing, Carlos Ghosn has unexpectedly left Japan.

Questions:

  1. What charges is Carlos Ghosn facing?
  2. In exchange for Mr. Ghosn’s release from prison on bail, earlier this year, what were the terms?
  3. In which country are anonymous sources reporting that Mr. Ghosn is staying?

Source:

Flitter, E. (2019). Carlos Ghosn, Fallen Nissan Boss, Has Unexpectedly Left Japan. The New York Times, Dec. 30 (Retrievable online at https://www.nytimes.com/2019/12/30/business/carlos-ghosn-left-japan.html)

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

The U.S. remains the only industrialized country that doesn’t guarantee workers paid family leave.

Questions:

  1. What pressures on U.S. employers are causing them to expand benefits in order to attract and retain workers?
  2. What are some of the increasing trends to cover things that plague families beyond parental leave?
  3. According to the Bureau of Labor Statistics, what percentage of civilian workers in 2018 could get paid time off from work to care for a new child or ill family member? What percentage of workers at small companies could get the same time off?
  4. What is the new bill that President Trump signed with respect to Paid Family Leave?

Source:

McGregor, J. (2019). The new paid family leave. The Washington Post, Dec. 30 (Retrievable online at https://www.washingtonpost.com/business/2019/12/30/new-paid-family-leave/?arc404=true).

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

After Bishop Michael J. Bransfield was banished from his post as head of the Catholic Church in West Virginia, the church-owned residence he had lived in was put up for sale.

Questions:

  1. Why do you think the diocese was willing to take a $3.4 Million Loss?
  2. Why do you think that the diocese did not hire a real estate agent, advertise the property’s sale online, or hold an open house?
  3. In addition to his home, what other excessive spending is attributed to Bishop Bransfield?
  4. Was this case considered a “fraud?” Why or why not?

Source:

Davis, A.C. (2019). Disgraced bishop spent $4.6 million on mansion that sold for only $1.2 million. The Washington Post, Dec. 29 (Retrievable online at https://www.washingtonpost.com/investigations/disgraced-bishop-spent-46-million-on-mansion-that-sold-for-only-12-million/2019/12/29/6d7ad002-225f-11ea-a153-dce4b94e4249_story.html).

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

Elon Musk has implied that the $420 stock price he floated for taking Tesla private was not a covert reference to weed, contrary to widespread speculation.

Questions:

  1. What number is a widely recognized coded reference to marijuana and why?
  2. Which media outlet interviewed Elon Musk when he mentioned the 420?
  3. Based on past news items about Elon Musk, do you believe the interview or the speculated “weed” backstory about the number? Why or why not?
  4. What do they mean about the “premium” and “going private” in the story? Explain.
  5. When was $420 a reality for Tesla?

Source:

Bostock, T. (2019). Elon Musk’s $420 target for Tesla stock probably wasn’t a reference to weed. Businessinsider.com, Dec. 23 (Retrievable online at https://www.businessinsider.com/elon-musk-denies-his-420-stock-about-weed-wasnt-high-2018-8)