Posts Categorized: Cost Accounting

Sports Betting in All States!

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

According to the New York Times, The Supreme Court struck down a federal law that effectively banned commercial sports betting in most states, boosting the prospect of such gambling across the nation. Questions: 1. Who are the winners in this decision? 2. Who are the losers in this decision? 3. According to the article, what… Read more »

The Amazon of Health Care?

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

According to Slate.com, the University of Pittsburgh Medical Center, a sprawling health system that dominates much of western Pennsylvania’s health care market, announced that it would spend $2 billion to build a trio of new hospitals within its home city. Questions: 1. What was the purpose of each of the three hospitals? 2. What was… Read more »

For the “Can’t Believe it Happened” File

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

Alleged postal thief mastermind Dushaun Henderson-Spruce orchestrated the theft of thousands of pieces of mail from a global corporation, including corporate American Express cards, business checks and invoices, and rerouted them halfway across the country. Questions: 1. How did he do it? 2. How long did the scheme last? 3. What internal control could have… Read more »

Growing your own mystery meat!

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

According to Reuters, Tyson Foods (TSN.N), the largest U.S. meat processor, has invested in an Israeli biotech company developing a way to grow affordable meat in a laboratory that takes live animals out of the equation. Questions: 1. What does the technology focus on in order to provide the same texture as meat? 2. How… Read more »

The Gig’s Up….Maybe

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

According to Ed Kilgore, California, has by virtue of a decision by its Supreme Court adopted perhaps the toughest standard in the country for employer treatment of its basic human capital as contractors. In particular, it affects the “gig economy” model, notably California-based enterprises like Uber and Lyft, which treat their drivers as independent contractors…. Read more »

Now you see it, now you don’t…Presto!

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

According to Axios, there was a 17% drop in international students in the U.S. last year, mostly due to the 28% decline in Indian students and a 24% decline in Chinese students receiving visas. Questions: 1. Is the trend in international students attributable to President Trump’s immigration policy changes and rhetoric? Explain. 2. What are… Read more »

Did you know that Amazon Prime was going to rise to $119 a year?

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

According to the Washington Post, Amazon is justifying Prime’s 20 percent price hike, to $119 a year, by saying it is more a valuable service than when the fee last rose four years ago. Questions: 1. How many Amazon customers are Prime members? 2. What did the article (April 27) offer as alternatives or ways… Read more »

Shake, Shake, Shake that Ketchup Bottle!

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

According to Bloomberg, the market value of Kraft Heinz is down $50 billion. Its major players, Warren Buffett and 3G Capital (who orchestrated the 2015 merger) for the packaged food giant, need to turbocharge sales or strike a big deal to satisfy Wall Street. Questions: 1. Where is the company trying to find sales growth?… Read more »

Which Card Should I Choose?

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

The first credit card offering frequent-flier miles made its debut over 30 years ago. Delta Airlines generated $3 billion from its relationship with American Express in 2017 and expects to hit $4 billion by 2021. Questions: 1. What did the frequent flier airline cards offer in the 1980s? How does that compare to now? 2…. Read more »

Cashing in

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

According to Bloomberg.com, Google Chief Executive Officer Sundar Pichai is about to have a very big week. Questions: 1. An award of 353,939 restricted shares he received before a promotion in 2014 will vest. What does this mean? 2. How big it the payout to this executive? 3. How did the award swell in value?… Read more »