Posts Categorized: Uncategorized

What’s your following worth?

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, Uncategorized.

According to The New York Times, as the coronavirus continues to disrupt lives and livelihoods, influencers are offering free money to Instagram followers and gaining a lot more in return. Questions: What are popular personalities paying fans to do? Where does the cash come from? Although the cash offers on Instagram may look like lifelines… Read more »

Backing Out

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 the Washington Post, Boeing has terminated a long-planned $4.2 billion deal with the Brazilian aerospace manufacturer Embraer after negotiations broke down shortly before a Friday night deadline. Questions: Had the deal gone through, what would have been Boeing’s stake in Embraer? How much of the value of its stock has Boeing lost in… Read more »

Deceptive Practices

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Progressive Leasing, which offers rent-to-own programs at major retailers like Best Buy and Lowe’s, has agreed to pay $175 million to settle allegations it misled consumers, the Federal Trade Commission said Monday. Questions: What trade violations did the complaint allege? Why did FTC Commissioner Rebecca Kelly Slaughter say that the settlement did not go far… Read more »

Changes everywhere – Even in Hollywood

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

Shooting in Hollywood is not expected to resume until August. That leaves a vast number of people without work.  Questions: What are the time elements involved in estimates that will affect postponing shooting until August? What are some of the factors why the large majority of people in the motion picture industry are now out… Read more »

Shake Shack

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

The fast-food chain, Shake Shack, was among the businesses criticized for accessing emergency funds for small businesses from the U.S. federal government. Questions: What is the stimulus money to be used for? What has been the controversy associated with the funds? Why did the chain decide to return the loan money? Source: Ramzy, A. (2020)…. Read more »

Don’t Delay Reporting to Federal Officials

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, Video Updates.

According to the Washington Post, The Life Care Center of Kirkland in Washington State failed to report an outbreak of respiratory illness to local authorities for two weeks as required by law under Medicare and Medicaid, which led to 40 COVID-19 deaths at the nursing home. Questions: How much is the per-day civil penalty levied… Read more »

Be Careful What you Wish For: Stranded in Paradise

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

According to the New York Times, a South African couple, on their honeymoon in the Maldives are now the sole visitors at a five-star resort, due to the coronavirus. Questions: Why don’t they go home with the other 40 South Africans in the Maldives? Who is running the resort and what regulations does the government… Read more »

Drowning in Arbitration

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

According to the New York Times, as companies face a flood of claims, they are employing new strategies to thwart the very process that they have upheld as the optimal way to resolve disputes. Questions: Why are some companies trying to short-circuit the process? How are some companies trying to short-circuit arbitrations? What is FairShake… Read more »

If You Have Dollars, We’re On Standby

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.

According to the New York Times, lobbyists are waiting in the wings as the Federal government opens up for coronavirus business. Questions: Which agency has been battling a lot of fraudulent products related to the coronavirus outbreak? How much money did Congress allocate to the EPA to facilitate faster regulatory processing of coronavirus-killing disinfectants? Explain… Read more »

Sad…..

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

As the coronavirus pandemic is affecting jobs across the country, ZipRecruiter announced that it will be cutting a large amount of jobs. Questions How much of its workforce is ZipRecruiter cutting? Discuss the timing and why this is so ironic? Where is ZipRecruiter headquartered? Source Morris, M. (2020). $1.5 BILLION ZipRecruiter just laid off hundreds… Read more »