Posts Categorized: International Accounting

The Digital World Wins

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

This very interesting article in the New York Times details how robotics has helped revive Savile Row, an area in London where tailoring companies established as early as 1819, work to survive the pandemic. Questions: In what ways does the company use robotics? How did the quarantines sap profits and the way the companies usually… Read more »

Wearable COVID Trackers: Business, Surveilance, or Both?

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

According to the New York Times, sports leagues, large employers and colleges are turning to devices that could usher in more invasive forms of surveillance. Questions: What are the benefits of these devices? What are the costs of these devices? What fact in this article was the most interesting to you? How would you feel… Read more »

Creating the Fifth Largest Retail Bank in the Nation

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, Video Updates.

According to the New York Times, PNC Financial Services said that it plans to acquire the U.S. business of the Spanish lender BBVA for $11.6 billion. Questions: Where is BBVA USA Bancshares headquartered? How many customers does PNC serve? What did PNC sell earlier this year to provide cash for other acquisitions? Source: Hirsch, L…. Read more »

Remote Work has Consequences for Taxes

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

According to the New York Times, if you decided to ride out the pandemic at your out-of-state vacation house or with your parents in the suburbs, you may be in for an unpleasant reality: a hefty tax bill. Questions: What are the rules if you work in one state and live in another? Is there… Read more »

The Last Big Push

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.

According to the Washington Post, the IRS is pushing to finish distributing payments to people who have yet to receive relief funds authorized earlier this year. Questions: What is the act that provides for these stimulus checks? What is the deadline that the IRS set for people to use the non-filers tool? What is the… Read more »

PwC faces $40 M lawsuit from Botswana supermarket

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 Accounting Today, two senior executives at Botswana supermarket chain, Choppies Enterprises Ltd., are suing former auditors PwC for 653 million rand ($40 million) for not signing off on the company’s 2018 accounts, leading to a share price collapse. Questions: What are the actual allegations? How much did Choppies shares lose between September 2018… Read more »

Gard area of France is Facing a Big Decision

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

According to the New York Times, the picturesque Gard area of France, famous for Rhone wines, desperately needs more employment, but environmentalists are pushing back at the possibility of Amazon’s looming “blight.” Questions: According to the article, what is the extent of the “blight” that Amazon’s new warehouse would cause in the area? What is… Read more »

Brave New World: What Will We Lose?

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

According to this article, there are 9 everyday experiences that we may not see again. Questions: What are these 9 experiences? Are any of these experiences economically essential? Explain. Which experience do you least agree with as being extinct? Why? Which experience would you add to this list? Source: Pincus-Roth, Z. (2020). 9 everyday experiences… Read more »

Cyber Security Breaches increase 300 percent for CPAs during Pandemic

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

With many accounting practices rushing to provide access for remote employees and clients (without fully understanding security implementations), cyberattacks on CPA practices of all sizes has increased 300 percent during the COVID pandemic. Questions: What do the cybercrimals do as part of a ransomware attack? Why are firewalls and antivirus software no longer enough to… Read more »

Kellogg’s Big Investment

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

Since Northwestern University’s Kellogg School of Management’s already sends a huge number of its MBAs into technology fields, it is investing even more in tech as a future home for its graduates.   Questions: What percentage of Northwestern Kellogg’s MBA Class of 2019 went into jobs in the tech industry? What is Northwestern’s current popular program even… Read more »