Investigation into the Appearance of Wrongdoing

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A finding that Leon Black, the billionaire boss of Apollo Global Management, paid the convicted sex offender $150 million. This touched off an attempt to remove him. Questions: What is Apollo Global Management? Who tried to unseat Leon Black as CEO? What act of contrition does Black plan for his role in giving money to… Read more »

FASB Wraps Up 2020 with FASB Roundtable Discussions

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According to Accounting Today, the Financial Standards Accounting Board’s recent roundtable discussions centered on new guidance about lease implementation for public and nonpublic organizations, and what we can expect for non-public implementation next year. Questions: Why didn’t participants at the Sep. 2020 FASB Roundtable want sweeping changes to lease guidance? According to the article, why… Read more »

A lookback at 2020

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One of the most read articles by the BV Wire in 2020 was one summarizing the thoughts on the impact of the crisis on valuations by the Business Valuation Update Editorial Advisory Board, in both the U.S. and around the globe. Questions: Edwina Tam, partner at Deloitte in Hong Kong, suggested that issues to be considered… Read more »

Watch this FDIC development

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According to Bloomberg, Amazon, Facebook, Walmart and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator smooths the path for nonbanks to get into lending. Questions: Why is the banking industry against this? List at least two reasons. What is the loophole that the article talks… Read more »

Next Time Wear a Cold Water Wetsuit

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According to CBS, Sacramento, a fleeing Ponzi scheme suspect is now in custody after a daring escape on a submersible scooter from FBI agents. Questions Who is the subject and what is alleged? Where did this take place? How long had the subject been under FBI surveillance? What is the sentence that the subject faces?… Read more »

Sometimes Things Don’t End Up the Way they are Planned

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According to the New York Times, Delta Airline’s foray into oil refining in 2012 illustrates some of the reasons that the business was in trouble even before the pandemic. Questions: What was the bold experiment that Delta Air tried? What were the flaws in Delta’s strategy? What is the most immediate concern of the refinery… Read more »

Accounting for Coronavirus

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According to the Washington Post, some companies are adopting an innovative approach to accounting for the impact the coronavirus pandemic has had on their earnings: they’re leaving it out. Questions:  What is Ebitda and why is it so important? How does Ebitdac work? Who’s using it? What is your opinion of this practice? Source: Lindell,… Read more »

Chevron’s Big Merger

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Despite the sharp decline for oil and gas, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion. Questions Why might this be such an important move? Why did Noble decide to sell? How many North American oil producers have filed for bankruptcy this year? Source: Krauss, C. (2020). Chevron Deal for Oil… Read more »

What a Time to be Offline!

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According to BusinessInsider.com, Robinhood, a millennial favorite stock app, was offline for iPhone and Android users during the entire day, when the Dow made its biggest point gain ever. Questions: What do millennials see as the benefit of Robinhood? By how many points did the Dow Jones industrial average rise on Monday after the horrible… Read more »

Big Financial Information Merger

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The Wall Street Journal reported over the weekend that Intuit is buying the credit score monitoring company Credit Karma for $7.1 billion. Questions: What is the merger intended to boost within the Intuit organization? By how much was the Intuit stock increased at the time of the announcement of Intuit’s quarterly earnings and the word… Read more »