Posts Categorized: Video Updates

Theranos Scandal Story Continues

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, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

While speaking with four former Theranos employees about the upcoming trial of embattled CEO Elizabeth Holmes, CNBC found the former employees want the trial to be over and still fear retribution. Questions: What was Micah Nies’ position at Theranos? Do the former employees think Holmes will be found guilty? Why? What red flags of the… Read more »

Milkshake woes for McDonalds

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, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to The Guardian, milkshakes are off the menu at McDonald’s in England, Scotland and Wales. Questions: Why are milkshakes off the menu at McDonald’s in England, Scotland, and Wales? What are lorry drivers? What other restaurants and sectors mentioned in the article are having the same types of problems? If there is a shortage… Read more »

Do you want buy some popcorn with that?

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, AMC will allow customers to pay for popcorn and movie tickets with bitcoin by the end of the year. Questions: What has happened to AMC’s stock price since the first of the year? As of this week, how many AMC movie tickets could be bought with a single bitcoin? AMC… Read more »

E & Y Charged

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

According to Accounting Today, the Securities and Exchange Commission (SEC) charged Ernst & Young (EY), one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct. Questions What was the public company audited by EY according to this charge? What were the auditor independence… Read more »

Big Woes for the Cavendish Banana

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

While the popularity of the Cavendish banana that you buy at the grocery store is on the rise, there is a disease that is threatening its extinction. Questions: Why might the most popular bananas go extinct? Which country economies depend on the banana? What percentage of bananas exported to supermarkets around the world are of… Read more »

Facebook’s Victory

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, Financial Reporting and Analysis, Fraud Accounting, Income Taxes, Managerial Accounting, Uncategorized, Video Updates.

According to Reuters, Facebook hits $1 trillion value after the judge rejects antitrust complaints. Questions: Federal and state antitrust complaints sought to have Facebook sell what apps? Where did the judge find flaws in the arguments? What was the bright spot for the FTC in the case? Source: Bartz, D. and E. Culliford. (2021). Facebook… Read more »

Data Breach at McDonald’s

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 CNN, McDonald’s is the latest high-profile company to be affected by a data breach, leading to the exposure of private information of customers and employees in South Korea and Taiwan. Questions: What type of data was accessed? What does McDonald’s credit for finding the breach? Did the company experience a data breach in the U.S.? Source:… Read more »

Recovery of Ransom by Feds

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, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, federal authorities have recovered more than two million dollars in cryptocurrency paid in ransom to foreign hackers whose attack last month led to the shutdown of a major pipeline that provides nearly half the East Coast’s fuel, according to officials. Questions: What is the name of the hacker ring? How… Read more »

An Attack on the Wallets of Meatlovers

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

Four weeks after the Russian hack on Colonial Pipelines, the world’s largest beef supplier has been hit with a ransomware attack, threatening some of the U.S. meat supply. Questions: Who is the company and how many facilities do they maintain? How much was paid to Russian hackers from Colonial Pipelines? What might be the effect… Read more »

Chip Shortage Means Much Lower Revenues

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 Reuters, the shortfall in revenue for automakers due to a chip shortage is worse than anticipated. Questions: What was the original revenue shortfall estimate for automakers due to a chip shortage? To what amount this revenue shortfall estimate increased? How many vehicles will this impact? How does this article explain the change in… Read more »