Big Deal!

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

For years, Yahoo was the front door to the web and its services still attract a billion visitors a month. But…times are changing and as a result, Yahoo’s core internet operations and land holdings are being sold to Verizon Communications for $4.8 billion. Questions: 1. Why was the Yahoo model changing and how? 2. What… Read more »

Amazon goes into student loan business, sort of ……

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

This week a partnership between Amazon and Wells Fargo was announced. Members of Amazon Prime Student will receive a 0.5 percent interest rate discount on student loans taken out through Wells Fargo’s Education Financial Services. Questions: 1. Why are financial advisors wary of the deal? 2. How much did the Washington Post calculate a student… Read more »

Uncle Sam Picked the Wrong Cash Cow!

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

According to the Washington Post, dairy farmer Randy Sowers has gotten back all the money seized by Federal agents from in his bank account. Questions: 1. Briefly describe the underlying issue in this story. 2. What is smurfing? Is this what Sowers did? 3. Why was Sowers successful in getting his money back? Discuss. 4…. Read more »

Submarine Patents: What is their Role?

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

Humira and Enbrel are biologic drugs, composed of complex proteins made in living cells. Humira was the No. 1 selling biologic with $14 billion in global sales and Enbrel was the No. 3 biologic at $8.7 billion. Questions: 1. Approximately how much is the yearly price tag for these drugs per patient? 2. During the… Read more »

Auction misconduct, silly mix-up, or something else…………?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

The Keno brothers, stars of the PBS series Antique Roadshow, have recently exhibited strange behavior that is oddly out of sync with their stature as antique world luminaries. Leslie and Leigh Keno, twins and celebrity appraisers, say they accidentally bid against each other this spring. Questions: 1. A New Orleans auction house is suing the… Read more »

Is this really about Saving America’s Past Time?

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

U.S. Representatives Brett Guthrie (R-KY) introduced a bill misleadingly called the “Save America’s Pastime Act,” with the sole purpose of excluding Minor League Baseball (MiLB) players from regulation under federal minimum wage and overtime requirements. Questions: 1. What is Mr. Guthrie’s reasoning for exempting the pay of Minor Leaguers from Federal pay laws? 2. What… Read more »

No List Prices?

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

Amazon, who made its reputation on offering deals, is now quietly dropping list prices from its items. The new model is that Amazon does not have to entice customers anymore because they will buy anyway. Questions: 1. When did Amazon begin as a company? 2. When did the company begin dropping list prices? 3. Why… Read more »

Phased out in your lifetime????

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Financial Accounting, Fraud Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, millions of customers at such banks as Bank of America, JPMorgan Chase, and Wells Fargo, currently log into their bank accounts through their mobile phones using their fingerprints. Introduced in the last few months, this feature enables a huge share of American banking customers to verify their identities with… Read more »