Worse Than We Imagined!

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 the National Center for Education Statistics, the typical student borrower will take out $6,600 in a single year, averaging $22,000 in debt by graduation. Questions: 1. Of borrowers who started repaying in 2012, how many had defaulted by 3 years later? 2. By year 5, how many students default? 3. Collectively, how much… Read more »

Research shows rich people are more likely to lie, cheat, and steal

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

Questions: 1. What did you think was the most interesting thing that Keltner and Piff found out as part of their experiments? 2. Why should we care about the ethics of wealthy people? 3. According to the article, what does power lead to? 4. In your opinion, what was the most remarkable point made in… Read more »

Wage Stagnation and Fast-Food Workers: No-Poach Clauses

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

According to the New York Times, attorneys general in 10 states are moving to investigate whether a clause in fast-food franchise agreements is preventing workers from switching jobs and, therefore, locking them into low-paying positions and, some economists say, contributing to widespread wage stagnation in the United States. Questions: 1. Briefly explain how these clauses… Read more »

Bad Way to Encourage People to Use Self-checkout Lines

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.

This article discusses how many companies are employing aggressive legal tactics and taking advantage of loosely written state laws, to push for restitution even when people have not been convicted of wrongdoing. Questions: 1. How much does shoplifting cost stores each year? 2. What happens in many states to payments made to retailers before court… Read more »

Review your W-4 before it’s too late for 2018

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.

Congress passed major tax legislation at the end of last year that could affect your refund if you are one of the people who usually look forward to a refund. Questions: 1. According to the article, based on the new 2018 withholding tables, what percent of people have too much in taxes withheld? 2. What… Read more »

Wells Fargo In the News, AGAIN!

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.

In a recent regulatory filing, Wells Fargo disclosed that between 2010 and 2015, they foreclosed on 400 homeowners after improperly denying them loan modifications that could have allowed them to stay in their homes. Questions: 1. According to the article, how did this happen? 2. How do they plan to compensate these people? 3. Do… Read more »

A story that makes you smile

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

Despite looming tax deadlines, the accountant that is ready in a minute’s notice can save a needy NHL team. Questions: 1. What team did Scott Foster sub for? 2. What was his performance that evening? 3. How did Scott become eligible to be the backup goalie? 4. What was your favorite part of this Cinderella… Read more »

A Three-Hour Tour – But Not Gilligan’s Island

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

Barbara Carroll’s quick trip to the bank turned into a nearly three-hour ordeal after a Wells Fargo branch accused the 78-year-old black woman of forgery. Questions: 1. How many forms of identification did Ms. Carroll have to show? 2. Why is Ms. Carroll suing the bank and why does she want a jury trial? 3…. Read more »

Work four and paid for five

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

According to the Guardian, the New Zealand company behind a landmark trial of a four-day working week has concluded it an unmitigated success. Questions: 1. What has the company seen to support its claim of success? 2. What does New Zealand’s workplace relations minister say about the results? 3. How many employees participated in the… Read more »

“You’re Fired” In A Posting for All to See!

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, Video Updates.

In November 2017, manager, Fox Lui, wanted everyone to know that an employee was leaving the Meitu company because he had fired her, so he blasted her for poor execution and not embracing the company’s “user-first” values in a posting for all to see. Questions: 1. What is Meitu’s main business? 2. What does the… Read more »