Bernie Ebbers, the Telecom myth

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

According to the New York Times, the former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died yesterday, just over a month after his early release from prison. Questions: What happened to World Com in 2002? How long was Ebbers sentence and what were the allegations against him?… Read more »

Who can you trust?

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 the New York Times, L Brands (the parent company for Victoria’s Secret and Bed, Bath & Beyond) has somehow avoided the messy board scrutiny of cronyism and time devoted to gender misconduct and sexual harassment training. Instead, the company has focused on the practice of retaliation against those alleging sexual harassment complaints. Questions:… Read more »

BrewRight? A trade secret?

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

According to the Wall Street Journal, Anheuser-Bush InBev SA, the world’s largest brewer, has developed a machine-learning technology that can identify risky business partners and potentially illegal payments. Questions: How does the analytics platform, named Brew Right, proactively monitor legal risks and prevent violations? How do companies typically examine the compliance practices of acquired businesses?… Read more »

Everything Old becomes New Again

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

According to the New York Times, General Motors said that it was investing $2.2 billion in a Detroit plant where it will produce all-electric trucks and sport utility vehicles, fulfilling a key promise made during last year’s union negotiations. Questions: What other efforts are afoot in Detroit to reinvigorate Detroit, the legacy center of the… Read more »

Higher Salaries at Walmart?

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

According to Business Insider, Walmart is testing higher starting wages for some store employees. Questions: What are the two new positions with the higher starting salaries? What will the higher salaries be as compared to the standard hourly salary? What is the new model Walmart is promoting with this change? Besides the new model, why… Read more »

Ditching Twitch

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

Some of the biggest names in gaming are leaving Twitch for extremely lucrative contracts, according to CNN. Questions: What is Twitch? What are gamers doing instead of staying with the platform that has brought them fame? What tech platforms are luring these gamers? How much revenue has the online video gaming industry earned in 2019?… Read more »

A four-day work week at fast-food and other restaurants

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

According to BusinessInsider.com, Shake Shack has rolled out a four-day workweek for managers at a third of its locations. Questions: What other chain restaurant CEOs interviewed in the article see labor as its biggest challenge? What other benefits are being tested by some chains to retain and attract good employees? Discuss. What is the domino effect… Read more »

The new challenge for restaurants

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

According to BusinessInsider.com, restaurants are delivering more food than ever before.  Questions: How are delivery sales of food expected to compare from 2011 to 2022? How does the delivery revenue compare to delivery profit? For chain restaurants, what is the main problem with using services like Uber Eats or GrubHub to deliver food? What does… Read more »

Micron Technology – Trade War, Ground Zero

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

According to the New York Times, Micron Technology, an Idaho semiconductor company, is at the heart of Mr. Trump’s trade war. Questions: What products does Micron make? How is the trade deal meant to help Micron? How will the trade deal hurt Micron? What does the trade deal fail to do? Source: Swanson, A. and… Read more »

Mattress Startup – Casper – filed to go public

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

Questions: What paperwork is filed with the SEC to go public? What are some of the eccentric nuggets in Casper’s paperwork? According to Casper, how does the mattress market interface with the sleep economy and the sleep arc and other sleep products and services? Source: Hartmans, A. (2020). The 6 most surprising and unusual takeaways… Read more »