Posts Categorized: IFRS

E&Y Sues Wirecard AG

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Bloomberg News and Accounting Today, accounting firm Ernst & Young was sued over its work for Wirecard AG, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe. Questions: What is Wirecard AG? What does E&Y’s suit allege? Discuss what the issues are related to Wirecard’s purported fraud…. Read more »

What a Time to be Offline!

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

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 »

Planning Ahead: Kroger’s Limit of 5

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to BusinessInsider.com, Kroger said it was limiting orders of some items to “due to high demand and to support all customers.” Questions: Kroger’s is the largest supermarket chain in the U.S. How many stores does it have? Which type of orders does the limit of five apply to? Do you think this is a… Read more »

Changes at Amazon due to the Coronavirus

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to BusinessInsider.com, Amazon is halting all warehouse tours in North America as concerns over the coronavirus outbreak grow in the US. Questions: What did Amazon do last month due to supply chain worries? Why did Amazon ban more than a million products on its website from third party sellers? What travel directive did Amazon… Read more »

BrewRight? A trade secret?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the Wall Street Journal, Anheuser-Bush InBev SA, the world’s largest brewer, has developed a machine-learning technology that can identify risky business partners and potentially illegal payments. Questions: How does the analytics platform, named Brew Right, proactively monitor legal risks and prevent violations? How do companies typically examine the compliance practices of acquired businesses?… Read more »

Micron Technology – Trade War, Ground Zero

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, Micron Technology, an Idaho semiconductor company, is at the heart of Mr. Trump’s trade war. Questions: What products does Micron make? How is the trade deal meant to help Micron? How will the trade deal hurt Micron? What does the trade deal fail to do? Source: Swanson, A. and… Read more »

Netflix studios on a roll!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Statement Analysis, Fraud Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

After capturing the most 2020 Oscar nominations of any studio, Netflix stock is trading up 3.5%. Questions: Which film received the most nominations? Between Netflix movies and original series, how many total Oscar nominations did Netflix receive? How does this compare with its Golden Globe awards? According to Bloomberg data, what is the consensus price… Read more »

Stay Tuned: Carlos Ghosn – On the Lamb?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Fraud Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

At the time of this writing, Carlos Ghosn has unexpectedly left Japan. Questions: What charges is Carlos Ghosn facing? In exchange for Mr. Ghosn’s release from prison on bail, earlier this year, what were the terms? In which country are anonymous sources reporting that Mr. Ghosn is staying? Source: Flitter, E. (2019). Carlos Ghosn, Fallen… Read more »

Facebook terror attack?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Business Insider, sarin, a deadly poison, has been detected in a mail facility at the Silicon Valley Facebook headquarters. Evacuation and FBI investigations were reported. Questions: Is it possible that the detection was a false positive and according to whom? What is the business park where Facebook is located? Based on the article,… Read more »

Samsung Galaxy Fit e

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, IFRS, Income Taxes, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

One of the most popular purchases that people are making this summer is the Samsung Galaxy Fit e, previously announced in March 2019 at Samsung’s big 2019 Unpacked event. Questions: In your opinion, what are the best features of the Samsung Galaxy Fit e and why? In your opinion, what are the worst issues associated… Read more »