What are Amazon’s Worst HR and Accounting Problems and Why?

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According to the New York Times, a knot of problems with Amazon’s system for handling paid and unpaid leaves has led to devastating consequences for workers. Questions: According to the article, by what percentage had Tara Jones been underpaid by her Amazon warehouse job on one paycheck? What are some of the problems that have… Read more »

Ready to become a vegetarian? Might be a good time!

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 Statement Analysis, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Bloomberg, the Covid-19 outbreak has depleted America’s meat reserves, and new data from the U.S. shows they still haven’t recovered. Questions: What are all the forces surrounding COVID that created the perfect storm for this depletion? In other words, explain the factors at play to cause the shortages. What has happened specifically to… Read more »

Hiding in Plain Site

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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 »

Alarm about Crypto Move into Banking

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According to the New York Times, with more companies offering cryptocurrency loans and high-yield deposit accounts Washington is worried about how this might disrupt the banking industry with a lack of regulations. Questions: Which company was mentioned in the article as aspiring to be the J.P. Morgan Chase of cryptocurrency? What crypto platform temporarily lost… Read more »

Earnings Numbers Useless?

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In a recent article in Accounting Today, Baruch Lev discusses the poor quality and low relevance of corporate financial statements due to “a sad state of accounting standards.” Questions: Briefly list the three suggestions presented by Baruch Lev meaningful new agendas for accounting regulators. What examples does Professor Lev present as supporting the U.S. accounting… Read more »

Debt Disclosure Problems

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According to the New York Times, Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices. Questions: How much was Greensill valued at less than 2 years ago? Explain how Greensill’s problems extend to the U.S. Explain Mr. Greensill’s position in the firm as the… Read more »

Box Office looking up!

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According to CNBC.com, ticket sales have been accelerating, inspiring some studios to move up the release dates of blockbuster films to earlier in the year. Questions: How does the current box office sales compare with the period before COVID closed down the economy? What percentage of North American theaters are now open? What is the… Read more »