Posts Categorized: Video Updates

Secret Buyers of Real Estate Targeted

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, Video Updates.

In an unprecedented move, the Treasury Department will begin identifying and tracking cash sales of real estate in an effort to expose money laundering and secret buyers of high-end properties. Questions: 1.At which locations will the new initiative begin? 2. Is the use of shell companies legal in real estate? 3. How will the real… Read more »

Will it Work?

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

Norovirus, salmonella, and E. Coli outbreaks during 2015 at fresh food restaurants run by Chipotle have cost a huge loss of business. However, in mid-February, the chain plans a strategic marketing campaign aimed at trying to bring these customers back. Questions: 1. By how much did comparable restaurant sales fall in the fourth quarter of… Read more »

Weird Thought Experiment

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

As Powerball mania and the promise of $1.6 Billion swept the airways, Andy Kiersz came up with his own idea on how to win. Unfortunately, it would require 189,000 people filling out all the possible Powerball combinations on those annoying scantrons, working 10 hours a day at a rate of 50 tickets per hour. Questions:… Read more »

Arbitration Lurks in the Fine Print

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

In this article, the New York Times found that arbitration rules tend to favor businesses, and judges and juries have been replaced by arbitrators who commonly consider the companies to be their clients. According to the authors, this has created an alternative justice system with conflicts of interest. Questions: 1. What types of claims are… Read more »

Sam’s Club CEO, Rosalind Brewer, Talks about Changes and Lessons Learned

Posted by & filed under Accounting Information Systems, Accounting Principles, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

The rivalry between Sam’s Club and Costco comes close to what you find in college sports. Questions: Source: 1. What things did the Sam’s Club CEO say were learned about Black Friday? 2. What happened to CostCo stock versus Sam’s Club Stock in 2015? 3. What are the differentiation strategies that Sam’s Club is implementing?… Read more »

Avoid the crowds with Black Friday Apps

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

Questions: 1. What are the benefits of Nifti? 2. What are the benefits of ShopSavvy? 3. Based on the information in this article and video, if you were a brick-and-mortar retailer, what would you do to counteract the convenience of these apps and get more traffic (that translate into higher sales)? 4. From an accounting… Read more »

Less Chemicals and New Recipes

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

This article discusses moves by Campbell soup to make its soups with more natural ingredients rather than chemical flavoring. Questions: 1. What is the most recent trend in soup sales? 2. What type of acquisitions has Campbell made recently to obtain toeholds in new markets? 3. What type of retooling changes have been made to… Read more »

A Disturbing Trend

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

A controversial law enforcement known as civil asset forfeiture allows police to seize and keep cash and property from people, who are suspected of wrongdoing but may never be charged. Despite public outcries, the use of this procedure has increased in the past decade. Questions: 1. The figures in reports show “the size of the… Read more »

Contagion in Earnings Manipulations

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

A new study shows that after one company in an industry is found to have misstated its earnings, others in its industry often followed suit and began massaging their own numbers; this ultimately results in their own restatements. Questions: 1. Why were the regulatory actions in the study so intriguing and what did they indicate?… Read more »

Gentrification Ignites Deed Theft

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

White-collar criminals are employing a variety of schemes in New York City to snatch properties from their owners. Often, they use the secrecy afforded to shell companies to rent out vacated properties until they are caught or sell them to third parties. Questions: 1. What are some of the signs of forgery on the fraudulent… Read more »