Posts Categorized: Cost Accounting

Who Can You Trust in the World of Money Laundering?

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.

Augustine Osemwegie, the owner of a used car dealership in Fall River, Massachusetts, has pleaded guilty to money laundering. Questions: How was Osemwegie caught? What was the method he used to launder money? Was this his own money? Explain. Source: Media Team of RegXSA. (2022). US-based owner of used car dealership pleads guilty to international… Read more »

Audacious Fraud

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, Managerial Accounting, Uncategorized.

Dermatologist, Farhaad Riyaz, peer-voted as one of the top doctors in the Washington DC area in 2019 committed one of the most bizarre frauds in recent times, according to The Washingtonian.   Questions: How did Dr. Riyaz perpetrate the crime? What was the scheme? What is and/or was his potential punishment? Who did Dr. Riyaz… Read more »

The Future is EV Energy

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

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

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

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

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

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

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, Financial Statement Analysis, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

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 »

Finally the End for Nikola Motors (NKLA)?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

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

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

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

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

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?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

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 »