Posts Categorized: Video Updates

The More Things Change, The More They Stay the Same

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

Walmart’s board elected a new chairman at its annual stockholders’ meeting last week. As only the third chairman in the retail giant’s history, the post was passed on to a member of the founding Walton family. Questions: 1. What type of background does Mr. Penner have that will be beneficial in this post? 2. Why… Read more »

Team Disney – Its a Small World After All

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

Nothing could be worse than losing your job, except maybe being required to train your replacement. That is what happened in the Magical Kingdom when cheaper H-1B workers from an India outsourcing firm replaced about 250 U.S. employees at the end of January this year. Questions: 1. What explanation did Disney executives give for this… Read more »

Spies Everywhere!

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

A U.S. District Judge ordered Yahoo Inc to face a nationwide class-action lawsuit and accused the company of illegally intercepting email content sent to Yahoo Mail subscribers from non-Yahoo Mail accounts. Subsequently, Yahoo used the information to boost advertising revenue. Questions: 1. Which subscribers and non-subscribers does this class-action allow to file suit? 2. What… Read more »

Severe Cuts for Higher Education in Louisiana….Who’s Next?

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

Governor Bobby Jindal’s new budget in Louisiana proposes off-setting declines in oil revenue by cutting $1.6 million from the budget of state higher education institutions. At the same time as it is predicted that 60% of adults in 2025 will have to have postsecondary credentials in order for the U.S. to maintain its economic edge,… Read more »

Schedules: The Next Labor Fight

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

While the minimum wage issue has come to the top of political agendas over the past few years, it appears that the new frontier in labor reform will be schedules and pushing back against the corporate trend to time shifts when labor is needed. Questions: 1. What are some of the requirements that proponents hope… Read more »

We Pay Top Dollar for Musicians!

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

Overbuilding has led to ghost towns in China with towering rows of luxury apartments sitting completely empty, especially in smaller cities in China’s hinterlands. However, the real estate companies who now must sell these empty towns believe that filling their remote buildings with foreign faces, even for a day, suggests that the area is “international.”… Read more »

A Solution for Separation Anxiety

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

People feel guilty about leaving their dogs home all day alone. Now there’s a solution – DogTV. Some viewers even report that their dogs were on medication for separation anxiety, but since subscribing to the channel, the dogs no longer need the drugs. Questions: 1. What year was the channel launched and in what country?… Read more »

Student Loan Forgiveness – To Forgive or not to Forgive, that is the Question!

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

It’s been over a month since fifteen former students of Corinthian Colleges said they would not pay a dime of their student loans because the school broke the law. The failing for-profit giant used deceptive marketing and lied to the government about its graduation rates. The Consumer Financial Protection Bureau invited a group of these… Read more »

The World of Drones

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

At a farm in Dublin, Ireland, Paul Brennan took a video that has gone viral for its creativity in using drones – rounding up sheep. Questions: 1. Put on your thinking cap. Is there any task that a drone could do in the future to assist the accountant or auditor? 2. Besides Amazon, what other… Read more »

The Clock is Ticking!

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

A new legal quirk could bring a surreal ending to foreclosure casess around the country; the debtors may get to keep their homes without ever having to pay another dime. Questions: 1. Why might tens of thousands of homeowners who have missed more than five years of mortgage payments get to keep their homes without… Read more »