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

According to the New Yorker, Lloyd Blankfein, Gary Cohn, and other leaders at Goldman Sachs have benefitted from a financial crisis that they helped create.

Questions:
1. How have the men in the email fared?
2. By how many months did the story about Goldman Sachs in the New York Times precede mortgage disaster?
3. What did the email say about how finance would, in the coming years, use charity to protect its right to keep taking? Discuss.
4. In your opinion, what was the most surprising thing that you read in the article?

Source:
Giridharadas, A. (2018). After the Financial Crisis, Wall Street Turned to Charity—and Avoided Justice. The New Yorker, Sep. 15 (Retrievable online at https://www.newyorker.com/news/news-desk/after-the-financial-crisis-wall-street-turned-to-charityand-avoided-justice)

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

South Africa has entered into a recession, which is the first time since 2009.

Questions:
1. How much has GDP dropped?
2. What has been attributed to the drop and the contraction?
3. How is the South African currency holding up (the rand)?
4. What is the outlook for the rest of the year?

Source:
Heeb, G. (2018). South Africa stumbles into a recession. Yahoo Finance, Sept. 4 (Retrievable online at https://finance.yahoo.com/news/south-africa-stumbles-recession-125800100.html)

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.

Since kids don’t learn much coding in school, the new thing is to send them to summer camps to learn it so that they are not unprepared to tackle computer science in college or in a career.

Questions:
1. What is iD Tech?
2. Do you agree with the article that these camps will perpetuate patterns that exclude underrepresented candidates?
3. What is the best way to approach this area or discipline? Give examples.

Source:
Gellman, L. (2018). Teaching Kids to Code During the Summer—for $1,000 a Week. Atlantic, Aug. 18 (Retrievable online at https://www.theatlantic.com/business/archive/2018/08/coding-camps/566333/)

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

According to the Guardian, American teachers are getting paid less – even though they are better qualified than ever!

Questions:
1. What are the states that saw even sharper declines in salaries than the average?
2. What kind of structural change is happening within the teacher workforce?
3. How much less do teachers make than similarly educated professionals in other jobs?
4. How much more student debt do teachers with masters degrees have than MBAs?
5. Research what types of efforts could be done to increase teachers’ salaries and present a proposal that would alleviate some of the problems mentioned in the article.

Source:
Durkin, E. (2018). Teacher pay drops 5% in last decade – despite better qualified staff. The Guardian, Sep. 4 (Retrievable online at https://www.theguardian.com/us-news/2018/sep/04/teacher-pay-study-dropped-last-decade-report)

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

Despite what your parents told you, new research suggests that more money really does lead to a more satisfying life!

Questions:
1. What did the study base this information on?
2. How long did the effects of money last, according to the study?
3. How did the surveys measure subjective well-being?
4. What did the study find out about popular lottery stereotypes?

Source:
Wolfers, J. (2018). Money Really Does Lead to a More Satisfying Life. The New York Times, Aug. 24 (Retrievable online at https://www.nytimes.com/2018/08/24/business/money-satisfaction-lottery-study.html)

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

As housing costs soar in major cities, more Americans are living behind the wheel. Although the U.S. Department of Housing and Urban Development doesn’t collect national data on vehicle residency, unsheltered homelessness—a category that includes people sleeping in vehicles—is on the rise.

Questions:
1. Are all of these individuals poor? What are some of the examples that the article lists?
2. Do you agree or disagree that local governments should legislate vehicle residency out of existence? What are the costs and benefits of this?
3. What are the costs and benefits of safe zones for vehicle residency? Should they be funded by city housing departments?
4. Can you suggest a better plan?

Source:
Pollard, A. (2018). Living Behind the Wheel. Slate, Aug. 20 (Retrievable online at https://slate.com/business/2018/08/vehicular-homelessness-is-on-the-rise-should-cities-help-people-sleep-in-their-cars.html)

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

According to a recent study, the rate of people 65 and older filing for bankruptcy is three times what it was in 1991.

Questions:
1. What are some of the main reasons that this is happening?
2. What is happening to the next generation nearing retirement age and why is this happening?
3. In 2016, how much liquid savings does the median household have that was led by someone 65 or older?

Source:
Bernard, T.S. (2018). ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans. The New York Times, Aug. 5

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According to The Atlantic, a new report finds that big companies could have given their workers thousands of dollars’ worth of raises with the money they spent on their own shares.

Questions:
1. Where is money pulled away from when companies use it to buy back stock?
2. Which industries were part of the study?
3. What does Federal Reserve data show about buy backs?
4. According to the article, how much could Lowe’s, CVS, and Home Depot could have provided each of their workers, if they didn’t use the money to buy back stock?
5. Some analysts argue that buybacks hurt corporate America, American workers, and American growth in a few ways. What are these ways?

Source:

Lowrey, A. (2018). Are Stock Buybacks Starving the Economy? Atlantic, July 31, (Retrievable online at https://www.theatlantic.com/business/archive/2018/07/are-stock-buybacks-starving-the-economy/566387/)

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

According to Axios, Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys.

Questions:
1. What was the company that Uber acquired?
2. What were Uber’s losses last year?
3. How much did Uber pay for the electric bike-sharing company?
4. What types of risks do you anticipate for the new venture?

Source:
Staff (2018). Uber begins shift to e-bikes, scooters. Axios, August 27 (Retrievable online at https://www.axios.com/uber-electric-bikes-scooters-shift-98c5f842-9142-41bb-87bc-4ab386bcb82a.html)