What’s Redlining?

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, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, there is a legacy of systemic racism that our government created and in many ways still isn’t doing enough to eradicate. Questions Based on the article, how would you briefly explain redlining? By what percentage are equivalent Black homes in neighborhoods similar to white neighborhoods undervalued? What is the key… Read more »

SEC loosens independence rules

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

According to Accounting Today, the SEC loosened independence rules as part of a deregulatory push in recent years. Questions: According to the article, what will the amendments to Rule 2-01 of Regulation SX do? How do the new and old rules vary on the following situation: An auditor is with a firm that audits a… Read more »

PwC faces $40 M lawsuit from Botswana supermarket

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According to Accounting Today, two senior executives at Botswana supermarket chain, Choppies Enterprises Ltd., are suing former auditors PwC for 653 million rand ($40 million) for not signing off on the company’s 2018 accounts, leading to a share price collapse. Questions: What are the actual allegations? How much did Choppies shares lose between September 2018… Read more »

Did you really get a good deal on Amazon Prime Day?

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, Video Updates.

Amazon’s extravaganza sale, Prime Day, is frequented by people who pay  annual or monthly fees to be specially treated with more ways to spend. But is this once a year event about really saving money or just being manipulated via behavioral finance? Questions: According to the article, what is behavioral finance? According to the article,… Read more »

Landmark Copyright Case

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According to the Washington Post, Supreme Court justices pressed Google to explain why its use of software code to develop its Android mobile operating system didn’t amount to theft, in a closely watched case that could determine how copyright law applies to software. Questions: What is Google’s argument? Who challenged Google’s assertion and what was… Read more »

Honest Valuation

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According to the New York Times, Honest Company hired Morgan Stanley and Jefferies to run a sale process, with the hopes of valuing the company at more than $1 billion. Questions: What type of business is Honest Company? Why do they say in the article that the valuation the Honest Company will be a test of its turnaround? What does… Read more »

Google and New Mexico

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

According to the New York Times, a federal lawsuit against Google for violation of child online privacy was dismissed. Questions: Why was the lawsuit dismissed? What Act did New Mexico fail to prove violation by Google? What was the issue that brought the case to course? Source:https://youtu.be/vFC6sjVVst0 Wakabayashi, D. (2020). New Mexico’s privacy lawsuit against… Read more »

United Airlines’ Collective Sacrifice

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According to the New York Times, members of the United Airlines pilots’ union agreed to a collective sacrifice to prevent the airline’s 13,000 pilots from being furloughed until June 2021. Questions: As a contract agreement looms, how many jobs are United Airlines and its pilots’ union planning to save? How much money did the passenger… Read more »

Brave New World: What Will We Lose?

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According to this article, there are 9 everyday experiences that we may not see again. Questions: What are these 9 experiences? Are any of these experiences economically essential? Explain. Which experience do you least agree with as being extinct? Why? Which experience would you add to this list? Source: Pincus-Roth, Z. (2020). 9 everyday experiences… Read more »

Hedge Funds Feed off of the Troubles at Malls

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, Video Updates.

According to the New York Times, as the COVID pandemic accelerates the demise of some brick-and-mortar retailers, hedge fund investors profit handsomely. Questions: Who was Catie McKee, hedge fund analyst talking to last October about her investment strategy? How much did the investor(s) make for the trade within Ms. McKee’s firm that more than doubled… Read more »