Gig Workers, Listen Up!

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

According to the New York Times, most gig economy workers lag behind those with traditional jobs in saving for retirement. However, parts of a new federal law can help them catch up. Questions: Sources: Carnes, A. (2023). For Freelancers, New Federal Help in Saving for Retirement. The New York Times, Jan. 6 (Retrievable online at… Read more »

What Now for Meta?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Meta’s ad practices have been ruled illegal under E.U. law. Questions: Source: Satariano, A. (2023). Meta’s Ad Practices Ruled Illegal Under E.U. Law. The New York Times, Jan. 4 (Retrievable online at https://www.nytimes.com/2023/01/04/technology/meta-facebook-eu-gdpr.html)

No More Free Online Returns?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, the age of free online returns is ending. Questions: What is ” bracketing”? Explain why returns are wasteful from a company’s standpoint. What are the benefits of adding restocking fees? What are the costs of adding restocking fees? Who are companies that help with reverse logistics? Give an example of a… Read more »

Interesting New Study on Drone Readiness

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According to the Mercatus Center, a nonprofit think tank at George Mason University, a new research study was released on how prepared each state is for commercial drone services.  Questions Arkansas is tied for second with what state as the most drone-friendly state? What were the six drone readiness factors looked at by the study?… Read more »

Nikola Fraud Update

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Trevor Milton convicted of securities fraud after 6-year successful stock market run. His company and concept car was all a lie! Questions: Why do, as the article says, “corporate executives tend to portray activist short sellers as vigilantes?”  Related to the first question, what has Nathan Anderson’s firm done in the past several years? Why… Read more »

Watch out Walmart, Here they Come!

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According to the Washington Post, Kroger and Albertsons are putting together a merger deal that could pose a competitive threat to Walmart and other grocery chains, as a major industry consolidation.  Questions: Do you think that the merger will result in lower or higher prices for consumers? What types of issues is the FTC concerned… Read more »

Nightmare Logistics: Stay Away from this Gold Standard Moving and Storage!

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How would you like your belongings moved across the U.S. only to find that they were auctioned off before you got them back? That’s what some moving customers are finding with a company calling itself Gold Standard Moving and Storage. Questions: According to the video and article what is Gold Standard and their status? Who… Read more »

A $5 Million Fraud Against Hundreds in California Results from Postal Theft and Fraud

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According to the California Attorney General, 56 individuals involved in a scheme resulting in the theft of nearly $5 million from hundreds of people in a widespread mail theft and postal fraud operation. Questions: How many suspects were arrested as part of the fraud? Out of which counties were the suspects operating? What will the… Read more »

Stocks extend Losses

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There has been a lot of market movement since Fed Chair Powell’s Jackson Hole speech last Friday. Questions: What did Powell say about interest rates? 2. What did the article say that Powell’s speech is trying to remind people about? 3. How high do you think interest rates will be raised? 4. What do the… Read more »

Access to Federal Reserve Alarms Financial Experts

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According to the Washington Post, notoriously risky cryptocurrency firms may be integrated into the traditional banking system under a little-noticed provision in a new bill that raises alarms among financial experts. Questions When was the bill introduced and what will it allow? What has happened to the digital asset market since early May? What are… Read more »