Posts Categorized: Managerial Accounting

Location-based Salaries and Pay Equity

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, Managerial Accounting, Uncategorized.

According to Babak Varjavandi, companies embracing location-based compensation send an unspoken message that people who live in more affluent areas are worth more to the company. Questions: What are the positive effects of avoiding location-based pay cuts? How does Babak recommend that companies set up fair compensation plans in a remote work environments? What is… Read more »

Diversity Disclosures

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.

On this MLK day, we take a look at diversity disclosures and the S&P as detailed by Richard Binder at BenefitsPro.com. Questions: According to McKinsey & Company, how long will it take for Black workers to reach talent parity across all levels in the private sector? However, if promotion, attrition, and external hiring rates were… Read more »

So Can You Tell Me What The Tax Reg. Is For Deductible Tatoos?

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

According to Accounting Today, the year 2021 saw some pretty outrageous business deductions. Questions: Which deduction were you the most surprised about? Pick one of the deductions mentioned and write a paragraph to justify its legitimacy. What is the problem with a long-distance call to a client for $0.14? Source: Cohn, M. (2021) The craziest… Read more »

Is your state one of them?

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, Managerial Accounting, Uncategorized.

In a recent article in Accounting Today, Michael Cohn presents the standout states for the highest rate of business fraud. Questions: Which state is the highest? Which state is the lowest? Which state were you most surprised about and why? Which state had the highest single amount per fraud? What was the difference in how… Read more »

Jury Still Deliberating

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, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, a federal jury in California is struggling to reach a unanimous verdict on three of 11 charges against Elizabeth Holmes, former CEO of Theranos. Questions: What is the maximum sentence for each federal fraud count? How many counts of fraud is Ms. Holmes facing? What is the makeup of… Read more »

CEO with the “Crass”mas Spirit

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, Managerial Accounting, Uncategorized, Video Updates.

Last Wednesday, the CEO of Better.com, Vishal Garg, fired 900 employees during a 3-minute holiday Zoom presentation. Questions: Where did CEO Garg “bad-mouth” the laid off employees, accusing them of stealing time from the company? What percent of Better.com’s workforce is this? What industry is Better.com in? Explain all the factors that are wrong with… Read more »

Disposable Plates, Cup Holders, and Fast Food Containers

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, Video Updates.

A company. Lifepack, in Colombia is making eco-friendly plates out of the tops of old pineapple tops. Questions: How old is the company? The company also makes cups that contain seeds. What types of plants can be grown with these products? About how many eco-friendly plates does the company turn out a day? What are… Read more »

Another Ponzi Scheme

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.

A recent Department of Justice (DoJ) press release indicates that John Piccarreto, Jr., 38, of Rochester, NY, was convicted of conspiracy to commit mail fraud and filing a false tax return in connection with a Ponzi scheme. Questions: What was Mr. Piccarreto’s sentence and the amount of restitution required? How many investors were defrauded? What… Read more »

Be Sure to Leave Santa a lot of Milk (and Cookies) and Dairy Farmers will Thank you!

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

According to the Business Insider, for years, the US government has supported the dairy industry to encourage production, but the rising costs and falling returns have forced some farmers to ditch cows altogether. Questions: What happened to milk prices during the Great Depression? What did the government do to make sure keep milk prices high… Read more »

Twitter CEO steps down

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, Managerial Accounting, Uncategorized.

According to the Washington Post, Twitter CEO Jack Dorsey announced his resignation from the social media giant. Questions: How did the CEO of Twitter, Jack Dorsey, announce his departure and was it expected? Who did Mr. Dorsey put in charge? When Mr. Dorsey announced this, what happened with the stock market and the employees at Twitter?… Read more »