Posts Categorized: Managerial Accounting

In Simplicity We Trust: But Not in America

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, Managerial Accounting, Uncategorized.

According to The New York Times, if you want higher education to cost less, then it should be cheaper to enroll. But in America – that’s not how we ROLL! Questions: Besides student loans, what other examples of complexity does author Ron Lieber present? What did the author list as the two administrative burdens for… Read more »

Closet cleaning? Did you sell something online for over $600 this year? Watch out for your IRS Form 1099.

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

According to the New York Times, a new change in tax law may result in Form 1099s to be sent to some small time sellers for online sales. Questions: What was the aim of this new tax law? When did the law take effect? The law is part of which congressional action? Which online marketplaces… Read more »

Watch out Walmart, Here they Come!

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, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, Kroger and Albertsons are putting together a merger deal that could pose a competitive threat to Walmart and other grocery chains, as a major industry consolidation.  Questions: Do you think that the merger will result in lower or higher prices for consumers? What types of issues is the FTC concerned… Read more »

Unionization Cost Raises at Starbucks?

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

According to the Washington Post, Starbucks illegally withheld wages and benefits from thousands of unionized baristas, the National Labor Relations Board (NLRB) alleged in a complaint Wednesday. Questions: How many Starbucks locations have voted to join the union? What does the NLRB seek as a result of the complaint? Explain the disparity in wages between… 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 »

A Lawsuit in U.S. District Court to Stop The Merger of Two of the Largest Publishers

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to The New York Times, Steven King, well-known author, testified as a witness for the government in its lawsuit to stop the merger of two of the largest publishers. Questions: What is the amount of the proposed acquisition? Who are the two publishers and which one is acquiring the other in this consolidation? How… 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 »

CNN Profits Tank

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

According to the New York Times, CNN profits have slumped for the first time in years. Questions: The network is on a pace to drop below its usual profit point. What is this point? What service did the newly formed Warner Bros. Discovery make when it took over CNN? What are some of the revenue… Read more »

Insider Trading

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

According to the Washington Post, Stephen Buyer, ex-GOP Congressman from Indiana, is accused of exploiting nonpublic information in his role as a corporate consultant to reap hundreds of thousands of dollars in profits. Questions: Which arm of the government charges individuals with insider trading? During what period did Buyer act on insider trading information? What… Read more »