Posts Categorized: Video Updates

Sad Times at Landmark Hotels

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

This time of year is usually when America’s luxury hotels are starting to prepare for busy holiday parties and New Year’s Eve festivities. Unfortunately, most of these luxury hotels have lost well over half their business and told most of their staff that they are not needed. Questions: According to the article, the hotel industry… Read more »

Did you really get a good deal on Amazon Prime Day?

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.

Amazon’s extravaganza sale, Prime Day, is frequented by people who pay  annual or monthly fees to be specially treated with more ways to spend. But is this once a year event about really saving money or just being manipulated via behavioral finance? Questions: According to the article, what is behavioral finance? According to the article,… Read more »

General Electric on Notice by the SEC action

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

According to the Washington Post and the regulatory filing, the Securities and Exchange Commission warned General Electric that it faces legal action in connection with its troubled insurance business. Questions: What is a Wells notice that the SEC issued to GE? What is the reason for the notice to GE, specifically? What will happen next… Read more »

Amusement and Theme Park Woes

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

During 2020, amusement and theme parks have reduced operating days, slashed ticket prices, and closed early for the year because of lower-than-hoped attendance. Questions: In what state have theme and amusement parks been closed since mid-March? What was one of the most surprising issues in the article? Which park has ” social distance squads”? Source:… Read more »

Big Overhaul at SEC

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

According to Accounting Today, the Securities and Exchange Commission adopted rules to reduce the number of disclosures of business, legal proceedings and other risk factors, including environmental and human capital risks, that public companies are required to make. This is seen as probably the biggest overhaul of Regulation S-K disclosures in more than three decades…. Read more »

Hedge Funds Feed off of the Troubles at Malls

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, as the COVID pandemic accelerates the demise of some brick-and-mortar retailers, hedge fund investors profit handsomely. Questions: Who was Catie McKee, hedge fund analyst talking to last October about her investment strategy? How much did the investor(s) make for the trade within Ms. McKee’s firm that more than doubled… Read more »

Over-Worked and Under-Appreciated

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According to the Washington Post, grocery workers across the country say morale is crushingly low as the pandemic wears on with no end in sight. Questions: Why do grocery workers feel a renewed sense of expendability? Why do grocery workers feel like this is a dead end job? What was different in March and April… Read more »

Sometimes Things Don’t End Up the Way they are Planned

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, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, Delta Airline’s foray into oil refining in 2012 illustrates some of the reasons that the business was in trouble even before the pandemic. Questions: What was the bold experiment that Delta Air tried? What were the flaws in Delta’s strategy? What is the most immediate concern of the refinery… Read more »

Chevron’s Big Merger

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

Despite the sharp decline for oil and gas, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion. Questions Why might this be such an important move? Why did Noble decide to sell? How many North American oil producers have filed for bankruptcy this year? Source: Krauss, C. (2020). Chevron Deal for Oil… Read more »