Posts Categorized: Uncategorized

Paranoia or Internal Control?

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

Red Star Operating System is North Korea’s homegrown computer operating system that mirrors its political one. The latest version (circa 2013) is based on a version of Linux called Fedora and has the feel of Apple’s OSX. Questions: 1. What are the two major challenges the article said that Pyongyang faces? From an international business… Read more »

Will the Fed or won’t the Fed?

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Ms. Janet Yellen indicated in testimony before Congress on November 4, that an interest rate increase could come in December 2015. But she added that no decision had been made. Questions: 1. When was the last time that the Fed raised interest rates? 2. Where has the benchmark interest rate been since Dec. 16, 2008?… Read more »

Corporate Challenges to Workman’s Comp

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

For quite a while, the state of Texas has allowed companies to opt out of workman’s comp and write their own benefit plans. As a result, benefits for the same body part can differ dramatically depending upon which company you work for. Questions 1. Who is Bill Minick and what corporate movement is his firm… Read more »

Amazon goes “brick and mortar”

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In an unusual move, Amazon opened a storefront bookstore in Seattle’s University Village mall. Questions: 1. What are the characteristics of the books sold in the “brick and mortar store”? 2. In addition to books, what other products does the store carry? 3. What do you see as the costs and benefits of this new… Read more »

Incredible Law School Debt

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The median LSAT score of students admitted to Florida Coastal School of Law was among the lowest 25% nationwide. Despite the fact that the average debt of the 2014 graduating class had $163,000 in debt, may not pass the bar, and probably cannot repay the debt, this school is one of six for-profit law schools… Read more »

To PIN or not to PIN?

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

Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud. Questions: 1. Why is this being resisted by banks? 2. Which retailers are leading the movement? 3. Discuss the costs and benefits of the… Read more »

Circumventing the Courts with Nine Words

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Banning class action suits have essentially disabled consumer challenges to practices like predatory lending. Additionally, a Wall Street-led coalition of credit card companies and retailers, have also engineered blocks on class action suits. In this article, various companies’ efforts to protect arbitration are discussed. Questions: 1. Why has the “birth of a thousand clauses” taken… Read more »

New Mortgage Rules for Those with Student Debt

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New rules could make it tougher to qualify for a low down payment mortgage from the Federal Housing Administration, particularly with respect to down payment gifts and deferments associated with student loans. Questions: 1. What is the role of debt-to-income ratios in this story, as they related to student loans? 2. What is the old… Read more »

It’s Too Late for I’m Sorry!

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

Volkswagen shares plunged more than 20 percent on Monday, their biggest one-day fall, after the German carmaker admitted it had rigged emissions tests in the United States, and U.S. authorities said they would widen their probe to other manufacturers. Questions: 1. Briefly explain the emissions data scandal. 2. What was the recent challenge to Volkswagen… Read more »