Posts Categorized: Financial Accounting

Interesting Educational Strategy

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Managerial Accounting.

At U.S. colleges, like NYU and Northeastern, some freshmen are beginning their studies abroad during their first and even second semesters. According to Bloomberg, the strategy is one used by universities to enroll larger classes and get more tuition dollars. How? The universities use the students and their tuitions to fill the beds of midyear… Read more »

Hard Rock Expansion Plans

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

The franchise, Hard Rock Café, is known for its rock’n’roll memorabilia. Located around the globe, the franchise is expanding its reach into hotels and casinos. Questions: 1. When did the franchise begin? 2. Strategically, why is the move into casinos a good, but difficult one? 3. The franchise rotates more than 70,000 pieces of music… Read more »

Breaking Up is Hard to Do

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, International Accounting.

Procter and Gamble (P&G) has operations in 41 countries and 126,000 employees, with annual sales of $84 billion. While these revenues are double that of its closest competitors, analysts and shareholders are beginning to wonder if the company might see faster growth if it split up. Questions: 1. What is the current stock price? What… Read more »

A New Trend?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Video Updates.

According to the Associated Press (AP), Chinese companies are withdrawing from the US stock market amid accusations of improper accounting by some companies, as well as complaints that low share prices do not reflect the true value of Chinese companies. On top of this, the AP note that a state bank has provided $1 billion… Read more »

What went up has come down

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting.

Facebook’s stock price has been cut in half since the fanfare of the IPO hit the market three months ago. With this drop, both employee morale and employee stock issues have plummeted. This article provides some insight into what the future holds for those holding Facebook stock. Questions: 1. What is an employee lock-up release?… Read more »

Spreading money on your skin

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »

Robo-Signing Redux

Posted by & filed under Accounting Principles, Advanced Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

Debt collection practices focusing on erroneous documents, incomplete records and generic testimony from witnesses in lawsuits by credit card companies is mirroring problems similar to those in the mortgage foreclosure process. According to Noach Dear, a civil court judge in Brooklyn, about 90% of the cases he sees are flawed and cannot prove who the… Read more »

Angie’s list

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

By now you have probably heard of Angie’s List. Angie Hicks started the company in 1995 after a friend moved and had trouble finding reliable contractors. Originally started in Columbus, Ohio, the company has expanded to other national markets. There is a subscription fee to belong to this list that includes personal recommendations. Questions: 1…. Read more »

Whistleblower Identifies Unnecessary Heart Procedures

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

In the summer of 2010, a troubling letter reached the chief ethics officer of the hospital giant HCA, written by a former nurse at one of the company’s hospitals in Florida. In less than two months, an internal investigation by HCA concluded the nurse was right. Unnecessary cardiac procedures were being performed to boost HCA’s… Read more »