Posts Categorized: Video Updates

Bizarre Development Surfacing Related to Embezzlement and Wire Fraud

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, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

After a 21-day manhunt, Roy C. McGrath, a fugitive who had been a top aide to Larry Hogan when he was Maryland’s governor, died Monday as the result of a confrontation with the FBI in the Knoxville, Tennessee area.  Questions: Source: Thompson, S., O. Wiggins, P. Stein, and M. Wells. (2023). Former Hogan chief of… Read more »

Who’s Fault Is It Anyway?

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 multiple sources, the popularity of Ozempic, (also known as semaglutide) isn’t rising due to increased rates of diabetes, but instead is being used by individuals as the new “weight loss wonder drug”. Questions: Source: Lovelace, B., L. Dunn, K. Dahlgren. (2023). People with diabetes struggle to find Ozempic as it soars in popularity… Read more »

A Yeezy Problem?

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

According to the Washington Post, Adidas has more than $500 million of Kanye West sneakers, with no good options for getting rid of them. (See the video for new developments.) Questions: Source: Mark, J. (2023). Adidas has $500 million worth of Kanye West sneakers and no good options. The Washington Post, Feb. 27 (Retrievable online… Read more »

Dilbert Canceled By Many Newspapers

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, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to a number of sources, Scott Adams, creator of Dilbert, has sabotaged his brand through racist rants he made on a weekday morning show. Questions: Source: Rhaman, K. (2023). Dilbert Creator Takes to Twitter After Comic Dropped Over Race Comments. Newsweek, Feb. 27 (Retrievable online at https://www.newsweek.com/dilbert-creator-twitter-comic-dropped-race-comments-1783856)

The top 10 tax “crooks” for 2022

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

According to Accounting Today, the Criminal Investigation (CI) division of the IRS has released its top 10 cases for 2022. Which of the agency’s most prominent and high-profile investigations have you heard about? Questions: Source: Stimpson, J. (2023) The top tax crooks of 2022. Accounting Today, January 16 (Retrievable online at https://www.accountingtoday.com/list/the-irs-names-the-top-tax-crooks-of-2022)

Did you know that this was part of the process?

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.

Car companies have built life-size clay models for almost 100 years, for nearly every car you see on the road. Questions: Source: Insider Business Staff. (2023). Why Car Companies Still Use Clay Models That Cost Up To $650K. Insider Business, Feb. 9 (Retrievable online at https://www.youtube.com/watch?v=rYHBCZdMlqw)

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

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

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 »