Posts Categorized: Uncategorized

Another IPO in Albertson’s future?

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, Uncategorized.

After failing multiple times to go public, Albertsons’ grocery chain is launching an IPO valued at around $19 billion. Questions: When did Albertsons previously try to go public? Who is Albertsons’ private equity investor and how long have they been invested in Albertsons? How much is Albertsons’ net debt, excluding leases? Why didn’t Albertsons’ merger… Read more »

Barista Class a Hit

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 New York Times, a barista class program started in 2017 at the island’s women’s facility was such a hit that the New York City Department of Correction (Rikers Island) expanded it to include 18-to-24-year-olds and convicted adult men.  Questions: How long is the class? What is the purpose of the class? Each… Read more »

Ghosn Update

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

According to the New York Times, Carlos Ghosn, former automobile CEO who proclaims his innocence, was aided in his escape from Japan by an American security consultant on a Turkish chartered jet. Questions: Who was the American security consultant? How did MNG Jet, the charter company, allow Ghosn on the plane? After Ghosn got to… Read more »

No more nicotine

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, Video Updates.

According to the Washington Post, U-Haul will no longer hire nicotine users in 21 states as of Feb. 1. Questions: Why are they applying this policy in only 21 states? How many employees does U-Haul employ across the United States and Canada? What will U-Haul require of new hires regarding the new nicotine-free policy? Besides… Read more »

Stay Tuned: Carlos Ghosn – On the Lamb?

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

At the time of this writing, Carlos Ghosn has unexpectedly left Japan. Questions: What charges is Carlos Ghosn facing? In exchange for Mr. Ghosn’s release from prison on bail, earlier this year, what were the terms? In which country are anonymous sources reporting that Mr. Ghosn is staying? Source: Flitter, E. (2019). Carlos Ghosn, Fallen… Read more »

Is Paid Family Leave Evolving?

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.

The U.S. remains the only industrialized country that doesn’t guarantee workers paid family leave. Questions: What pressures on U.S. employers are causing them to expand benefits in order to attract and retain workers? What are some of the increasing trends to cover things that plague families beyond parental leave? According to the Bureau of Labor… Read more »

A $3.4 Million Loss To Keep Things Quiet

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.

After Bishop Michael J. Bransfield was banished from his post as head of the Catholic Church in West Virginia, the church-owned residence he had lived in was put up for sale. Questions: Why do you think the diocese was willing to take a $3.4 Million Loss? Why do you think that the diocese did not… Read more »

$420 a reality

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.

Elon Musk has implied that the $420 stock price he floated for taking Tesla private was not a covert reference to weed, contrary to widespread speculation. Questions: What number is a widely recognized coded reference to marijuana and why? Which media outlet interviewed Elon Musk when he mentioned the 420? Based on past news items… Read more »

Bernie Ebbers Gets Out Early

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

According to Accounting Today, Bernie Ebbers, infamous for the World Com fraud was granted early release for health reasons. Questions: What is the First Step Act and why did the author think that this had a bearing on the case? How long had Bernie Ebbers served? When MCI went bankrupt as a function of the… Read more »

Change in Management

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 New York Times, Boeing fired its chief executive officer, Dennis A. Muilenburg, on Monday after investors became weary of Muilenburg’s clumsy handling of the 737 Max crisis that angered lawmakers, airlines, regulators, and victims’ families. Questions: Who is going to replace Muilenburg? When do the Boeing Board and Washington insiders typically meet… Read more »