Posts Categorized: All Articles

We Pay Top Dollar for Musicians!

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

Overbuilding has led to ghost towns in China with towering rows of luxury apartments sitting completely empty, especially in smaller cities in China’s hinterlands. However, the real estate companies who now must sell these empty towns believe that filling their remote buildings with foreign faces, even for a day, suggests that the area is “international.”… Read more »

Don’t speed in Finland!

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

In Finland, speeding infractions fines are calculated according to income. This article notes that in Nordic countries, like Finland, many citizens believe that the rich people should pay more for the same offense if justice is to be served. Questions: 1. According to U.S. Tax laws, are speeding tickets tax deductible? 2. How much over… Read more »

Adjuncts with Ph.D.s are now Rising in the Ranks with the Working Poor

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Are academics actually resorting to government aid? According to the article by Jeremy Weissman, 25% of part-time college faculty are on government aid. Questions: 1. According to NBC News, how many part-time faculty are on public assistance? 2. What programs do these include? 3. According to the article, what are the three things that need… Read more »

Student Loan Forgiveness – To Forgive or not to Forgive, that is the Question!

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

It’s been over a month since fifteen former students of Corinthian Colleges said they would not pay a dime of their student loans because the school broke the law. The failing for-profit giant used deceptive marketing and lied to the government about its graduation rates. The Consumer Financial Protection Bureau invited a group of these… Read more »

Tax Laws for Tangible Property

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

Late in 2013, the IRS issued final regulations regarding repair regulations and rules regarding the treatment of expenditures for acquiring, maintaining, or improving tangible property. The IRS issued final regulations on the treatment of disposing tangible property in 2014. This article provides guidance on the capitalization and expenditure rules contained within the regulations. Questions: 1…. Read more »

The New Parameters of the Advertising War

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

Electronic warfare has broken out between internet users and the $120bn online advertising industry. Questions: 1. According to the article, by what amount did the number of people using ad blocking software increase last year? 2. Do you agree with Mr. Zaneis, general counsel at the Interactive Advertising Bureau, that the free internet that consumers… Read more »

A First!

Posted by & filed under Accounting Principles, All Articles, Auditing, Financial Accounting, Intermediate Accounting, International Accounting.

Cathy Engelbert has been named CEO of Deloitte, becoming the first woman CEO of a major U.S. accounting and consulting firm. Questions: 1. What are the names of the Big 4 accounting firms? 2. How long has Ms. Engelbert been with Deloitte? 3. What distinctions does Deloitte hold with respect to hiring? Source: Frizell, S…. Read more »

Maybe its time to flip a coin

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According to a recent study, very few professional investors have actually managed to outperform the rising market consistently over the past few years. In fact, based on the updated findings and definitions of a particular study, it appears that no mutual fund managers have. Questions: 1. What is a mutual fund? 2. What does the… Read more »

Be Careful: Your TV may be listening to you!

Posted by & filed under Accounting Principles, All Articles, Auditing, Cost Accounting, Financial Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

Samsung is warning customers not to discuss personal information in front of their smart television set. The warning applies to TV viewers who control their Samsung Smart TV using its voice activation feature. It is possible that this information will be shared with third parties. Questions: 1. What types of steps has Samsung taken to… Read more »

Dow Jones Industrial Average Changes Ahead

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Apple, the highest-valued company in the world, will be added to the Dow Jones industrial average next month in yet another sign of how popular the computer giant has become for investors. Questions: 1. Which stock will Apple replace in the S & P Dow Jones Indices? 2. What are some of the unique facts… Read more »