The Future is EV Energy

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According to The Verge, the Biden administration invoked the Defense Production Act for EV batteries and clean energy last week. Questions: What does this mean in the near term for certain types of mines in the U.S.? Are lithium batteries sustainable in the long-term? Discuss. What is the Defense Production Act? How do you see… Read more »

The New World of Autonomous Trucking

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According to Axios, autonomous trucks could one day replace more than 90% of all highway trucking, which could have a profound impact on as many as 500,000 long-haul truckers, a new study found. Questions: According to the study by researchers at the University of Michigan and Carnegie Mellon University, if automation is restricted to Sun… Read more »

Smart Thinking about Cryptocurrency

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According to Axios, cryto is no fad and it will change how, where and what people buy and sell.  Questions: According to the article, what is the unique investing relationship between millenials and cryptocurrency? According to the article, what is the relationship between crypto and blockchain? How is the value of crypto determined? If you… Read more »

Exploiting Inflation to Pad Bottom Lines

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According to The Washington Post, some companies are exploiting inflation to pad their bottom lines. Questions: What evidence indicates that companies are raising prices to exploit rather than in relation to underlying cost increases? If companies are passing on their own higher costs to consumers, their _______________ should stay roughly the same. How do analysts… Read more »

Consolidated vs. combined financial statement? How to choose?

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According to Accounting Today, choosing a consolidated versus combined financial statement for companies with multiple businesses can be a complex and confusing process. Questions: According to the article, what tool(s) make(s) it easier to spot trends and highlight relevant data points? According to the article, what makes preparing complex financial statements easier and less time… Read more »

Finally the End for Nikola Motors (NKLA)?

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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 »

Watch Your Wallet

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According to the New York Times, corporate America is lifting prices and bragging about bigger profits as consumers open their wallets and spend heartily. Questions What products/services does the article cover? How do these price adjustments affect inflation? What are some of the reasons why consumers are will to pay more? Have you seen changes… 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 »

Failing Grade? Maybe or maybe not?

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According to Nigel Jaquiss, Portland was recently ranked 71st out of the largest 75 cities in America for its financial health by a national watchdog group. Questions: What is the name of the watchdog group? What does the failing grade stem from? What do city officials offer in defense of their denial of the group’s… Read more »

Are they the Bitcoin Bonnie and Clyde?

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, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Ilya Lichtenstein and Heather Morgan were charged with conspiracy to launder billions of dollars worth of Bitcoin.Credit. Questions: What was the Bitfinex hacking? What was the role of the complex shuffling of Bitcoin by the couple in the fraud in January 2017?   When the government executed a search… Read more »