Posts Categorized: Video Updates

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 »

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 »

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 »

HALTED!

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

According to the Washington Post, Boeing will halt production of its new 737 MAX commercial jetliner in January 2020. Questions: How long will the production halt last? How many employees will be laid off? How much is it estimated that the entire U.S. gross domestic product for a period this year has been impacted by… Read more »

Trouble in the Repo Market

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

According to the Bank for International Settlements, the Financial Times reports that turmoil in the repo market was fueled by hedge funds need to borrow cash in order to drive returns on trades. Questions: What is the Repo market? Why is the pullback by bank lending a bad sign? Explain the increasingly popular hedge fund… Read more »

The Last Act

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

After years of continually beating the market with quarterly revenue targets, Parker H. Petit, CEO of MiMedx Group, Inc., was sued by the SEC for  allegedly engaging in a “wide-ranging fraud” to inflate revenue. Questions: What is the industry type in which MiMedx operates? What were the ways in which the company perpetrated the fraud?… Read more »

Hacked and Sold

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

According to a ZDNet investigation, hackers commandeered user accounts for Disney Plus’ new streaming service. As a result, hackers locked users out, changed authorization log-ins, and sold the hacked accounts for as little as $3 each. Questions: Does this happen with other streaming services? If so, what are some of the other services mentioned? What… Read more »

The Value of Virtual Reality in Business

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

According to BusinessInsider.com, virtual reality (VR) has been historically associated with consumer-facing gaming, but it’s been gaining traction in companies lately. Questions: According to the article, what companies are actively using VR? How are they using it? How has this driven up the revenue from the hardware and software of VR? What other sources can… Read more »

Big Business Bust

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

This week, Aventura Technologies in Long Island, allegedly tried to conceal the fact that Chinese-made surveillance and security equipment were made in America. Questions: Agents from which bureaus raided the company? How long has the scheme been going on and how does that compare to the ACFE’s average time for this type of fraud? Who… Read more »