Changes Coming!

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

According to the Associated Press, Federal regulators recently announced new rules governing the prepaid debit card industry. It’s a big change more than two years in the making that’s expected to bring some basic account protections to its customers, who are often financially disadvantaged. Questions: 1. How much money was loaded on prepaid cards in… Read more »

Deutsche Bank Shares Drop

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Deutsche Bank’s shares hit a record low, but Germany’s largest lender said there is no reason to get the German government’s help in settling claims of $14 billion with the U.S. Justice Department (DoJ). Questions: 1. What is the record low price of shares of Deutsche Bank? 2. What is a summary of the lender’s… Read more »

Here’s the money. Do you want it?

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According to this article, Ireland doesn’t want Apple’s billions. Instead, the Irish government is appealing Europe’s tax ruling, a move that is exposing a rift in a country still feeling the aftershocks from years of harsh cutbacks. Questions: 1. What is your opinion of the politically motivated defense? 2. Would you consider Ireland to be… Read more »

Ramen Noodles are the new Prison Currency!

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At some state prisons, budget cuts have led to a reduction in the caliber and total number of meals that prisoners receive, which means that the practical value of ramen noodles have skyrocketed in their value as contra ban. Questions: 1. According to the article, why don’t prisoners stock up on Ramen, since it commands… Read more »

Apple and Taxing Issues!

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This week, the European Union (E.U.) ordered Ireland to collect $14.5 billion in unpaid taxes from Apple. According to Margrethe Vestager, the European Union’s commissioner for competition, Apple’s illegal deals with the Irish government allowed the company to funnel profit from two Irish subsidiaries to a “head office” with “no employees, no premises, no real… Read more »

The changing world of streaming

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Netflix’s growth in the U.S. has slowed dramatically, and the company is adding new international users slower than expected. Statistically, the company added 1.7 million new subscribers in the last three months, which is less than the 2.5 million the company predicted. Just 160,000 of them were in the U.S. Questions: 1. Netflix is available… Read more »

Trapped by Debt?

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Belkin Antonio Hernandez-Vargas was desperate to see his wife and get out of U.S. custody, so he turned to one of the biggest names in the business of helping immigrant detainees secure bail bonds. As a result, the company Libre by Nexus helped Belkin, an El Salvadorian secure an $8,000 bond after he was able… Read more »

Big Deal!

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For years, Yahoo was the front door to the web and its services still attract a billion visitors a month. But…times are changing and as a result, Yahoo’s core internet operations and land holdings are being sold to Verizon Communications for $4.8 billion. Questions: 1. Why was the Yahoo model changing and how? 2. What… Read more »

Here we Go Again? Another Enron?

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Short-seller and hedge fund manager, Jim Chanos, contends that the Alibaba Group is as problematic in its accounting positions as the now-defunct, corrupt energy giant, Enron. Questions: 1. What part of the company’s operations are most problematic and why? 2. What does cash flow have to do with this story? 3. What does Chanos claim… Read more »

Moving on up from Counterfeiting

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This article explains the latest spate of attacks on banks in Bangladesh and Southeast Asia, which security researchers say is the first time that a nation has used malicious code to steal purely for financial profit. The country is North Korea. Questions: 1. Security researchers and American government officials have tied thousands of attacks to… Read more »