Posts Categorized: Financial Accounting

Are you Due any Lost Funds?

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

Ohio has returned more than $3.4 million in unclaimed funds to Elyria in what it says is the largest such payment in state history. Questions: 1. Where did the funds originate? 2. Are there unclaimed funds in every state? If so, how do you access the list in your state? 3. How do you think… Read more »

Survey Shows that Out-of-Network Providers Are Billing Consumers up to Several Thousand Percent more than the Government would pay for similar Medicare Services

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According to a new study from the Center for Policy and Research, the nation must address the soaring cost of medical care that continues to rise at an unsustainable rate. For consumers who choose to seek care out-of-network, their survey shows that the charges billed by some out-of-network providers can exceed several hundred or several… Read more »

Read this if you are thinking about Law School

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According to Ethan Bronner at the New York Times, law school applications are headed for a 30-year low, reflecting increased concern over soaring tuition, crushing student debt and diminishing prospects of lucrative employment upon graduation. Questions: 1. Summarize the recent trend in the number of applications to law schools. 2. What are your views on… Read more »

The $10,000 degree – Innovation or Second Rate Degree?

Posted by & filed under Accounting Principles, Advanced Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

Texas may be experimenting with an initiative to help students and families struggling with the high costs of college: a bachelor’s degree for $10,000, including tuition fees and even textbooks. Under a plan unveiled in 2011, Republican Gov. Rick Perry is proposing a bachelor’s degree for $10,000, including tuition fees and even textbooks. The governor… Read more »

Martha Stewart- Wildcard, Visionary, but Not a CEO

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There are very few corporate leaders whose interests are more closely aligned with their shareholders’ than the homemaking icon, Martha Stewart. She owns 26 million shares and controls nearly 90 percent of the voting rights of her company Martha Stewart Living Omnimedia. While the company lost $50.7 million dollars in the most recent quarter, this… Read more »

Hyundai & Kia overstated mileage

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Hyundai Motors America and Kia Motors America are being forced to lower the fuel economy estimates on the majority of their 2012-13 models after an investigation by the Environmental Protection Agency found that the companies overstated the fuel efficiency numbers for their vehicles in previous years. Based on the audit, they will also have to… Read more »

Who is the most Indebted Man in the World?

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The answer is that man is Former Société Générale rogue trader Jérôme Kerviel, who owes the bank $6.3 billion. His case tells us a lot about financial reform. Questions: 1. According to the article, how exactly do you carry out €50 billion (or about $73 billion) of unauthorized trades? (Focus on the controls mentioned.) 2…. Read more »

Product Chasing a Market – Fuzz Phobia

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When Veet hair removal cream came to China in 2005, sales were sluggish. It turned out that Chinese women did not worry about being too hairy. So the company selling the product promoted a new marketing plan with ads that equate hair-free skin with health, confidence, and “shining glory.” Questions: 1. How fast are sales… Read more »

It Beats Earning $20 an Hour?

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Flipping houses earned a bad reputation during the housing bubble, when speculators bought and sold millions of homes in search of easy profits. But as the real estate market is showing signs of life, the practice is gaining popularity again. Questions: 1. Which areas of the country have seen the most flipping action and why?… Read more »

The Unveiling of the Future?

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Apple’s iPad Mini will likely be unveiled at a special event on October 23. The device is expected to ship with a 7.85-inch screen and costs about half of what the current starting price for an iPad. Questions: 1. According to both articles, what have iPad sales to the K-12 market been doing to PC… Read more »