Posts Tagged: allegations

Risk vs. Rewards: A case of Mr. Shah’s very bad judgment!

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

According to the Financial Times, Citigroup’s head of high-yield bond trading for Europe, the Middle East, and Africa has been suspended for routinely not paying for food in the company’s cafeteria. Questions: How much was the trader routinely making at Citigroup? Why was Mr. Shah such an important trader for Citigroup? Who was the other… Read more »

Falsified Data

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

According to the Associated Press, an investigation showed that the Kansas City School District falsified attendance data for three years in a bid to regain full accreditation from the state. Questions: 1. What was the result of overreporting attendance? 2. How many officials were involved in the 3-year scam from 2013 to 2016? 3. How… Read more »

Suit without merit?

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

A $5 million suit was filed in Federal court alleging that Starbuck’s is deceiving customers by filling drinks with too much ice. Questions: 1. Based on the allegation, do you think that Starbuck’s should report the lawsuit as a contingency in their upcoming annual report? Why or why not? 2. Besides claiming that too much… Read more »