Posts Categorized: Accounting Principles

Trolling for Patent Infringement Cases

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

One of the most striking results of a new academic study is that in 2012, litigation by patent monetization entities now represents a majority of the patent litigation filed in the United States. Specifically, patent monetization entities filed 58% of the patent lawsuits in 2012. This is a sharp rise from 2007, when patent monetization… Read more »

Do Stockholders Really Have Rights?

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In a recent article by James Stewart, it was noted that 41 directors of public companies lost their elections last year, but remained at their posts. How can this be, if this is a right of the stockholders? Stewart even found that directors who resign after losing votes don’t necessarily leave the board. Questions: 1…. Read more »

The Saga of Derek Jeter and Taxes

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When I saw that Derek Jeter was in the news this week for changing residences from New York to Florida to lower his taxes, it made me wonder about what ever happened to Christian Lopez. Christian, a 23-year-old cellphone salesman from Highland Mills, N.Y, was the fan that caught Derek Jeter’s 3,000th hit and returned… Read more »

Got App?

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

Yahoo is looking to the future by targeting young entrepreneurs with enterprising apps. Yahoo announced Monday, March 22, that it planned to acquire mobile news reader Summly, which was the brainchild of 17-year-old Nick D’Aloisio. Yahoo plans to pay D’Aloisio a reported $30 million and he will become Yahoo’s youngest employee. Questions: 1. When Swartz’s… Read more »

Be Afraid, Be Very Afraid

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Even though Dodd-Frank legislation is suppose to keep our financial system safe from another crisis like the one that happened in 2008, a newly released Senate report disproves this. Questions: 1. According to the report detailing the trading fiasco, what are some of the signs that this could happen again? 2. What was the trend… Read more »

Car Rental Cost Cutting

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While the car rental rate might look like a bargain at the beginning, watch out for sticker shock once you get the final bill for your rental car! Be sure to read the fine print in the car rental contract and learn how to avoid the optional services that rental companies offer. Questions: 1. How… Read more »

Could Additional Internal Controls Have Prevented this Heist?

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It was March 18, 1990, when a pair of thieves disguised as Boston policemen, entered the Isabella Stewart Gardner Museum and stole 13 masterpiece valued at $500 million. Twenty-three years later the FBI says that they know who did it. They are releasing a few details and offering a $5 million reward for information leading… Read more »

Beer Wars Ahead

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During these recessionary times, “people are drinking less, but they want something that’s good,” said Simon Thillou, a former journalist who in 2006, opened La Cave à Bulles, a specialty shop in the Marais section of Paris. Around the world in 17 countries, people who are tired of tasteless beer have turned to the Brooklyn… Read more »

Boeing CEO Gets Pay Raise Despite 787 Problems

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Jim McNerney, Boeing’s CEO, saw his compensation rise by 15 percent to $21.1 million for 2012. His company rewarded him for better-than-expected profits and faster airplane production. Questions: 1. Based on this information, what was Mr. McNerney’s compensation for 2011? 2. According to the article, why has Boeing’s stock been rising? 3. If Mr. McNerney’s… Read more »

Watch Out for On-The-Lot Financing

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

Since many banks will not give auto loans to people with bad credit or no credit, due to increased restrictions or risk, on-the-lot financing has become more popular. Unfortunately, since Buy-Here-Pay-Here financing is not strictly regulated, interest rates can be quite high. Questions: 1. What are the benefits of on-the-lot financing? 2. What are the… Read more »