Posts Categorized: Income Taxes

Regulators Got their Eyes on You!

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

According to the New York Times, Big Tech (Amazon, Apple, Facebook and Google) are being investigated by regulators and lawmakers regarding how these companies may have used their size and wealth to quash competition and expand their dominance. Questions: Who are some of the regulators and lawmakers investigating Google and for what reason? What are… Read more »

Millionaires’ numbers are rising in both 401(k)’s and IRA’s

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

According to the Washington Post, the number of employees able to reach millionaire status in their workplace retirement plans has hit record levels. Questions: By how much did the number of Fidelity Investment 401(k) plans increase having $1 million or more over the 1st quarter of the year? Vanguard Investments also saw a spike in… Read more »

Is this a good idea?

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, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, one of the largest active construction projects in the United States will produce more than 1 million tons of plastic a year and is operated by Royal Dutch Shell near Pittsburgh. Questions: Where will pipelines for the plant be stretched and how many freight cars does it expect to… Read more »

White House Blues

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

According to the Washington Post, there is discussion among senior White House officials to advance a temporary payroll tax cut as a way to limit the economic slowdown forecast by economists. Questions: When and how much was the last payroll tax cut and why was it made? Payroll tax cuts add dramatically to the deficit… Read more »

Woes for Lowe’s?

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

Lowe’s announced that it will be laying off thousands of workers, including maintenance workers, service workers, and furniture and grill assemblers. Questions: How does Lowe’s plan to fill this void? What will it offer the laid-off workers? What is the health of Lowe’s stores overall? Source: Dockery, W. (2019). Lowe’s Layoffs 2019: Why The Hardware… Read more »

CVS wants to be the Ultimate Healthcare Provider

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

According to Business Insider, when in 2018, CVS Health acquired Aetna, combining a chain of nearly 10,000 pharmacies dispensing prescriptions and selling snacks and soda with one of the biggest US health insurers, the company also took greater steps to promote healthier options. Questions: What was CVS’s stand regarding the sale of cigarettes? Where does… Read more »

SEC helps the mom and pop investors

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

According to Business Insider, the Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency’s interest. Questions: What has been the problem with mutual funds investing in companies like Airbnb or WeWork? Which case is notorious for spiking the SEC’s interest in… Read more »

Good News if you Plan to Fly

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

According to the Washington Post, now is a good time to book fall getaways because rates are dropping. Questions: By month, what drops are expected in airline rates? What is the peak travel month? When are the most expensive times for travel? Do sales that airlines advertise the best rates? Discuss. Source: Sampson, H. (2019)…. Read more »

Trucking company bankruptcies

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

According to Business Insider, six trucking companies have already folded during 2019. As a result, more than 2500 truckers are unemployed. Questions: Explain the spot market for trucking companies and what has happened to it. What are the trucking companies that have gone bankrupt in 2019 and how many truckers were left unemployed by each… Read more »

Restructuring at Deutsche Bank

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

Germany’s largest bank, Deutsche Bank, has begun a string of layoffs that will result in 20 percent fewer employees or 18,000 jobs. Questions: This slashing in jobs happened on the first day takeover of the new CEO. Who is the CEO? What happened to shares of Deutsche Bank after word of this sweeping overhaul? How… Read more »