Posts Categorized: Managerial Accounting

Money Market Funds: A Safe Bet?

Posted by & filed under Accounting Principles, Advanced Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

Should we risk another 2008 financial meltdown? The answer is no. However, late last month the Securities and Exchange Commission (SEC) abandoned efforts to impose new regulations on money market funds intended to prevent another panic like the one that occurred then. Because money market funds are typically invested in short-term, low-risk assets (like United… Read more »

Outlasting Resources: Unchartered Medicaid Territory

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Managerial Accounting.

The presidential election may decide the fate of Medicaid’s future. Faced with rising Medicaid costs and budget deficits, many states are already trying to cut the cost of long-term care by significantly changing Medicaid coverage, through the use of federal waivers. To be eligible for Medicaid, a person must spend down so that they have… Read more »

Coming to a store near you: What are the cost and benefits of good health?

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

Hy-Vee is the only grocery chain in the country that posts a registered dietitian in almost every one of its 235 stores. In rural areas, some of its more than 190 dietitians serve a cluster of stores. By doing this it capitalizes on growing consumer awareness of the role food plays in health and wellness… Read more »

Interesting Educational Strategy

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Managerial Accounting.

At U.S. colleges, like NYU and Northeastern, some freshmen are beginning their studies abroad during their first and even second semesters. According to Bloomberg, the strategy is one used by universities to enroll larger classes and get more tuition dollars. How? The universities use the students and their tuitions to fill the beds of midyear… Read more »

Hard Rock Expansion Plans

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

The franchise, Hard Rock Café, is known for its rock’n’roll memorabilia. Located around the globe, the franchise is expanding its reach into hotels and casinos. Questions: 1. When did the franchise begin? 2. Strategically, why is the move into casinos a good, but difficult one? 3. The franchise rotates more than 70,000 pieces of music… Read more »

Spreading money on your skin

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

What are the most often prescribed drugs written for by dermatologists? They include generic creams and ointments that are used to treat skin rashes, scabies, and athlete’s foot. So aren’t generics suppose to be inexpensive. Unfortunately, not any more’; significant price increases in these generics are stumping doctors and patients. In a world of prescription… Read more »

Robo-Signing Redux

Posted by & filed under Accounting Principles, Advanced Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

Debt collection practices focusing on erroneous documents, incomplete records and generic testimony from witnesses in lawsuits by credit card companies is mirroring problems similar to those in the mortgage foreclosure process. According to Noach Dear, a civil court judge in Brooklyn, about 90% of the cases he sees are flawed and cannot prove who the… Read more »

Angie’s list

Posted by & filed under Accounting Principles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Video Updates.

By now you have probably heard of Angie’s List. Angie Hicks started the company in 1995 after a friend moved and had trouble finding reliable contractors. Originally started in Columbus, Ohio, the company has expanded to other national markets. There is a subscription fee to belong to this list that includes personal recommendations. Questions: 1…. Read more »

How much do you think the largest U.S. Corporations pay in taxes?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, IFRS, International Accounting, Managerial Accounting.

In a year of presidential politics, many of America’s biggest corporations complain that they pay too much in taxes. But, how much is that? A recent analysis shows that many are actually getting off pretty easy. It turns out that the 10 most profitable U.S. companies only paid an average federal tax rate of 9… Read more »

Whistleblower Identifies Unnecessary Heart Procedures

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

In the summer of 2010, a troubling letter reached the chief ethics officer of the hospital giant HCA, written by a former nurse at one of the company’s hospitals in Florida. In less than two months, an internal investigation by HCA concluded the nurse was right. Unnecessary cardiac procedures were being performed to boost HCA’s… Read more »