Posts Categorized: Financial Reporting and Analysis

How Common is Securities Fraud?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to a new study, ten percent of public companies commit securities fraud each year. Questions: Source: Livni, E. (2023) Just How Common Is Corporate Fraud? The New York Times, Jan. 14 (Retrievable online at https://www.nytimes.com/2023/01/14/business/dealbook/how-common-is-corporate-fraud.html?)

A Bad Year for Bonds

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, although it has been a bad year for bonds, the future appears to be brighter. Questions: Should you buy bonds as a speculative bet for 2023? What did the period from January through October 2022 look like for bonds? What are the long-term prospects for bonds, according to the… Read more »

Nikola Fraud Update

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Trevor Milton convicted of securities fraud after 6-year successful stock market run. His company and concept car was all a lie! Questions: Why do, as the article says, “corporate executives tend to portray activist short sellers as vigilantes?”  Related to the first question, what has Nathan Anderson’s firm done in the past several years? Why… Read more »

Stocks extend Losses

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

There has been a lot of market movement since Fed Chair Powell’s Jackson Hole speech last Friday. Questions: What did Powell say about interest rates? 2. What did the article say that Powell’s speech is trying to remind people about? 3. How high do you think interest rates will be raised? 4. What do the… Read more »

Walmart’s new venture into financial technology

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, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Walmart Inc.’s financial-technology venture agreed to buy two small companies and rebrand itself in a step toward providing an app that enables customers to save, borrow and receive money. Questions: What are the two small companies the Fin-Tech venture agreed to buy? What is Walmart’s venture called? Why is this move going to shake up… Read more »

Have you considered Inflation Bonds?

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According to the New York Times, rising prices have affected both consumer goods and some government savings bonds. However, they could also benefit investors looking for safe spaces for their money. Questions: What type of return will the new series I savings bonds, known as inflation bonds to be issued in the next six months,… Read more »

Hiding in Plain Site

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, the IRS failed to spot $20.6M in bogus nonresident tax refunds in 2018. Questions: How many returns did this account for? In a short paragraph, explain how this happened. In a report by the Treasury Inspector General for Tax Administration (TIGTA), what recommendations were made for the improvement of IRS identification… Read more »

What do you know about ESG reporting?

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According to Accounting Today, professionals in accounting and finance are confronting big obstacles when it comes to environmental, social and governance (ESG) reporting. Questions: According to the Financial Executives International’s Financial Education & Research Foundation survey, what percentage of the chief accounting officers and controllers polled had not yet started to integrate ESG reporting with their… Read more »

Lufthansa to Pay Back Bailout

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Deutsche Lufthansa AG plans to raise 2.14 billion euros ($2.5 billion) through a heavily discounted share sale as it strives to repay a German government coronavirus bailout. Questions: How will the airline group raise the money to repay this bailout? What does Lufthansa avoid with full repayment? What are the expectation of the airline for… Read more »

Changes in fair value measurement of equity securities proposed by FASB

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According to Accounting Today, the FASB is proposing changes in fair value measurement of equity securities that will improve comparability of financial information from companies with investments in equity securities that are subject to contractual restrictions and might prevent the sale of those securities. Questions: Why did fair value measurement complicate things during the 2008-2009… Read more »