Morbid Thought, but Necessary Resolution

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

When a young person dies unexpectedly, his or her family could end up with the burden of paying off student loans. How can that be avoided? Questions: 1. According to the article, which loans are forgiven after a student’s death and which ones are not? What is a rough estimate of the total amount of… Read more »

On the heels of Pacioli!

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Jacob Fugger was a Renaissance-era banker and industrialist from the German city of Augsburg. At the time of his death in 1525, his fortune equaled nearly 2 percent of Europe’s total economy. Questions: 1. According to the article, there is much to learn about how Fugger built his riches. Why? 2. What were some of… Read more »

The Journey to Oz

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There is severe underfunding for public education by the administration of Republican Gov. Sam Brownback in Kansas. In fact it was so much of a problem that some school districts closed early this past school year because they didn’t have the cash to keep operating. Questions: 1. According to the article, how does the pay… Read more »

What’s in a NAME?

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McDonald’s has not opened in Tehran (only weeks after a nuclear deal was reached). Despite the prospect that the deal will ease international sanctions and possibly portend a change in Iranian revolutionary attitudes toward American companies, Mash Donald’s and other knockoffs of American food culture are a home-grown phenomenon. Questions: 1. Do you think that… Read more »

The “Look Policy” & a Class-Action Lawsuit

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Abercrombie & Fitch’s “Look Policy” requires workers on the floor to wear “clothes, accessories and footwear that are similar in style and fit to the brand, and that are consistent with the current fashion season and colors” but that aren’t “clearly that of a competitor.” Questions: 1. Economic historian Price V. Fishback wrote that, “The… Read more »

Corporate Culture Sinks the Firm

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The chief executive of Toshiba and two of his predecessors resigned, along with several lesser executives, over accusations that they drove the company to overstate its earnings by $1.2 billion over the last seven years. The figure is equal to about a third of the pretax profits that Toshiba reported during that period. Questions: 1…. Read more »

The New Age of Performance Evaluations

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Beginning in September, Accenture, one of the largest companies in the world, will get rid of the annual performance review. Questions: 1. By disband rankings and the once-a-year evaluation process, what does the company hope to accomplish? 2. According to the article, what percentage of Fortune 500 companies have gotten rid of rankings? 3. What… Read more »

Well-Oiled Machine? Well – Maybe Not!

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United and Continental closed their merger in 2010 and created what was then the world’s largest airline. After nearly 5 years, executives are still working to integrate United Continental Holdings into a single company—and struggling with some high-profile operational and customer service problems. Questions: 1. What types of customer service and employee problems have plagued… Read more »

The Reverse – Upside down Prosecution!

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Despite the fact that bank officials uncovered a fraud, fired its mastermind, investigated and reported it to regulators, and then provided New York State prosecutors with over 900,000 pages of documents, a tiny Chinatown bank, Abacus Federal Savings Bank, was under put under indictment by a grand jury in New York State Supreme Court and… Read more »