Posts Categorized: Uncategorized

Enough to eat?

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, researchers at Temple University and the Wisconsin HOPE Lab found that 36 percent of students at 66 surveyed colleges and universities do not get enough to eat, and a similar number lack a secure place to live. Questions: 1. What do the researchers blame the problem on? 2. What does… Read more »

Time for PAWternity leave

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

Raising a puppy can be hard work. It turns out that some companies sympathise with this transition and now offer what’s known as “pawternity leave.” In fact, research from Petplan found that 5% of owners have been offered paid leave from their job to adjust to their pet owning duties. Questions: 1. How much time… Read more »

The Top Frauds of 2017

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

Monica Vaca, the Associate Director of the Division of Consumer Response and Operations at the Federal Trade Commission (FTC) just released the results from last year regarding the top frauds of 2017. Topping the list of reported frauds are the imposter scams, with nearly 350,000 reported. Questions: 1. How many people fell for someone pretending… Read more »

Big Time Food Stamp Fraud

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, Uncategorized.

Sheriff Mike Williams of Jacksonville, Florida, announced Tuesday the results of a multi-agency, undercover investigation into the exchange of Supplemental Nutrition Assistance Program (SNAP) benefits for cash and, in at least one case, cocaine. Questions: 1. From 2012 to 2017, how many food stamp transactions were fraudulent in Jacksonville and what was the dollar amount?… Read more »

Bitcoin Investment Fads

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

According to Bloomberg.com, Bitcoin began the week on a down note, declining as much as 8.7 percent and pushing the biggest cryptocurrency’s decline for March to about 25 percent. Questions: 1. Who has confirmed that it will ban Bitcoin offering advertisements? 2. How is the SEC involved with Bitcoin in recent weeks? 3. Why have… Read more »

Rise up and REBEL!

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, after many employee complaints, United Airlines said it was “pressing the pause button” on a plan to replace its modest monthly bonuses with a lottery system that would have offered large rewards to a few workers at random. Questions: Why were the employees furious and what did they do… Read more »

Hidden Blacklist

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, Uncategorized.

According to Politico, the new tax law includes a little-noticed blacklist barring people working in certain fields, and earning more than $157,500, from claiming a new 20 percent deduction for unincorporated businesses called pass-throughs. Questions: Why did the Congressmen decide that pass-throughs should be limited? Who ultimately gets to make the decision? According to Acting IRS… Read more »

Massive Fraud Femme Fitale

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, Video Updates.

  According to Masunaga and Peterson, four years ago, the Silicon Valley firm Theranos Inc. was valued at $9 billion and its founder and Chief Executive Elizabeth Holmes was hailed as a potentially revolutionary force in the blood-testing industry. Today, she is deemed a fraudster. Questions: Theranos’ proprietary analyzer could only perform __________ of the… Read more »

Branson

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.

In a ballroom of a mountain lodge, diversity coach Miguel Joey Aviles, asked whether anyone knew how to merengue. Only two replied: Yes. These were Branson Missouri managers, who said they’re desperate for employees and are paying $50 each for the workshop. They came from hotels, hospitals, hardware stores and banks. The goal of “Hispanics… Read more »

Johnson & Johnson

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

According to Douglas House, a new analysis has been released that shows patients with type 2 diabetes (T2D) that are treated with Johnson & Johnson (JNJ) unit Janssen Pharmaceuticals’ INVOKANA (canagliflozin) experienced significantly less risk of cardiovascular (CV) death or hospitalization for heart failure (HHF). Questions: Based on the data, what is the reduction of… Read more »