Posts Categorized: All Articles

What would you do?

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

Tens of thousands of computer users around the world made the decision, to refuse to pay the anonymous hackers behind the ransomware attack known as WannaCry. The attackers had demanded that individuals pay up to $600 by Friday to regain control of their machines or face losing their data. Questions: 1. At the writing of… Read more »

Transparency Improved or Impeded?

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

A little-noticed accounting change is coming down the pike that will have a major impact on business. According to the New York Times, this one has corporate executives up in arms — and scrambling to comply. Questions: 1. What is the title of the new FASB rule? 2. Which equity investments are affected? 3. How… Read more »

A World without Stores? Where will we hangout?

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

According to CNN, America’s long-standing love affair with shopping at malls and department stores may be nearing an end. Questions: 1. Compare the drop in jobs at shopping mall retail stores Between 2001 and 2016 and those jobs at coal mines. What does this say? 2. What are the demographics of workers at shopping mall… Read more »

Apple Market Capitalization

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

Apple became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. Questions: 1. How much have the iPhone maker’s shares have gained this year? 2. What percentage does Apple make up of the entire S&P 500 .SPX… Read more »

Upside or downside?

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

According to the Washington Post, Purdue has acquired the for-profit Kaplan University to extend its reach into online and adult education, which some see as an unusual move for a public institution. Questions: 1. What were the benefits to Purdue of acquiring Kaplan? 2. What are the potential downsides of this acquisition for Purdue? 3…. Read more »

Puerto Rico is Bankrupt!

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

Puerto Rico has been facing huge debts and population loss for some time. However, in a historic move that will likely trigger a fierce legal battle, the island territory declared bankruptcy. Questions: 1. According to the article, what were the main debts it listed in its filing? 2. How many jobs and what amount of… Read more »

Promises Kept? Buy American, Hire Americans?

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

According to Lydia O’Neal with the International Business Times, President Donald Trump recently signed an executive order urging the U.S. to “buy American,” in part by encouraging the Departments of Commerce and State to prioritize American firms when they dole out lucrative contracts. Unfortunately, a report released last week found, that the direction may not… Read more »

Private Debt Collectors used by the IRS. What could go wrong?

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

According to Slate, last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand. Questions: 1. What is the pleasure that this article is referring to? 2. Has this been… Read more »

$15 minimum wage

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

According to The American Interest, local minimum wage hikes cause restaurants to leave or shut down and deter new ones from entering, according to a new Harvard Business School study of the San Francisco Bay Area restaurant industry that contradicts the orthodox liberal view that steeply raising the cost of unskilled labor will not affect… Read more »

Too Many Bureaucrats?

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

The California State Auditor has delivered a damning assessment of the management practices at the single largest university system in the United States. Questions: 1. What controls could have prevented this situation? 2. How does this affect costs? 3. According to the audit, how does the rate compare to other organizations within the California government… Read more »