Posts Categorized: International Accounting

What Now for Meta?

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, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Meta’s ad practices have been ruled illegal under E.U. law. Questions: Source: Satariano, A. (2023). Meta’s Ad Practices Ruled Illegal Under E.U. Law. The New York Times, Jan. 4 (Retrievable online at https://www.nytimes.com/2023/01/04/technology/meta-facebook-eu-gdpr.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 »

More Than Three Years of Legal Battles End in Settlement

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, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, Juul Labs, an e-cigarette manufacturer, announced that it reached a settlement with almost 10,000 plaintiffs for 5,000 cases alleging nicotine addiction and other health problems. Questions: Which company partially owns Juul? What long-term health consequences have e-cigarettes been linked to? In September, a lawsuit was brought by 33 U.S. states… 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 »

Long Awaited Agreement is Only a First Step

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 Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to Thomson Reuters, the U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that will allow the board to inspect and investigate audit firms based in China and Hong Kong whose clients trade on American exchanges. Questions: When will the PCAOB start inspections? What were… Read more »

Layoffs Announced at Robinhood

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

According to the New York Times, Robinhood announced layoffs for the second time this year. Questions: What is Robinhood? What percent of employees will be layed off in this second round? Why are the layoffs occuring? What roles in the company will be primarily affected? Source Kelley, L. and D. Yaffee-Bellany. (2022). Robinhood lays off… Read more »

Attention Cryptocurrency Investors

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

According to the New York Times, the fall in Bitcoin was accelerated in recent weeks by the collapse of two major cryptocurrency projects; this sows doubts about the stability of the overall cryptocurrency market. Questions: Bitcoin dropped below $20,000 this week. This is the first time since when? From March 2020 to November 2021, what… Read more »

Fraud and Money Laundering at the Lourve

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, Fraud Accounting, International Accounting, Uncategorized.

Former president and director of the Lourve from 2013 to 2021, Jean Luc Martinez, has been charged with fraud and money laundering in connection with Egyptian artifacts that were trafficked over the past decade. Questions: Under the French legal system, what is ahead for Mr. Martinez? What is Mr. Martinez’s current role? According to Le… Read more »

Who Can You Trust in the World of Money Laundering?

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, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

Augustine Osemwegie, the owner of a used car dealership in Fall River, Massachusetts, has pleaded guilty to money laundering. Questions: How was Osemwegie caught? What was the method he used to launder money? Was this his own money? Explain. Source: Media Team of RegXSA. (2022). US-based owner of used car dealership pleads guilty to international… Read more »

Exploiting Inflation to Pad Bottom Lines

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

According to The Washington Post, some companies are exploiting inflation to pad their bottom lines. Questions: What evidence indicates that companies are raising prices to exploit rather than in relation to underlying cost increases? If companies are passing on their own higher costs to consumers, their _______________ should stay roughly the same. How do analysts… Read more »