Posts Categorized: Advanced Accounting

More on Taxes

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

The rush to enact the tax bill was designed to mask — as a break for the middle class — what is, in fact, a $1.4 trillion package of benefits for key donors and lobbyists, the richest members of Congress, President Trump, his family and other families like his. Questions: 1. What was the speed… Read more »

Inequality in Taxes

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

Interestingly, in most places, a dollar is a dollar. However, under the new tax plans, that may change. Consider two chefs working side by side for the same catering company, doing the same job, for the same hours and the same money. The only difference is that one is an employee, the other an independent… Read more »

Time to take a nap!

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

According to the Guardian, more firms are looking into a rested workforce because sleep has an image problem in the business world. Questions 1. What is the definition of sufficient sleep and how do the U.S., U.K, and Japan stack up to this definition> 2. What are some of the reasons for the global sleep-loss… Read more »

Better Late than Never

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

Defense Department Comptroller David Norquist announced that the Department of Defense (DoD) would undergo its first-ever, financial audit beginning this month. Questions: 1. How many auditors will be tasked with spreading out across the department to examine the records? 2. How much in assets is it estimated that the Pentagon has? 3. According to Norquist,… Read more »

A Big Move

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

Investors sent shares in Dollar General higher Thursday after the company announced better-than-expected sales growth and plans to open 900 stores in 2018. Questions: 1. What was the overall strategy of Dollar General in the competitive retail business? 2. What is the future that Dollar General hopes for in opening these new stores? 3. What… Read more »

A Big Shout Out!

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

According to Huffington Post, even though Hurricane Maria destroyed much of the island’s infrastructure in September, forcing TJ Maxx to shutter some stores there, the company has nevertheless been dutifully paying its employees ever since. Questions: 1. How much of the power had been restored to Puerto Rico when this article was written? 2. How… Read more »

Big Deal

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

According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition. Questions: 1. What will Aetna shareholders receive? 2. What will happen to Aetna’s… Read more »

Wanted: Someone to handle my cash

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

Personal assistants are the cash handlers for many celebrities, a job that rarely comes with any sort of Hollywood glamour. Questions: 1. According to the article: “…the longer someone has been famous, the less ________________________. Complete the sentence and discuss the implications. 2. What was the most interesting thing you learned from this article? 3…. Read more »

Program at a Standstill!

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

According to Mother Jones, in 10 months, the Trump administration has yet to approve a single claim to help defrauded students of such for-profit colleges as Corinthian or ITT. Questions: 1. Who is now calling on the Department of Education to resume helping students who borrowed loans from the fraudulent for-profit colleges? 2. Approximately how… Read more »

Devastating Blow to Graduate Researchers

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

According to the New York TImes, Republicans in the House of Representatives have just passed a tax bill that would devastate graduate research in the United States. Questions: 1. What would be the result if universities try to cover the tuition that will now be taxed for graduate students? 2. How does the American public… Read more »