Posts Tagged: business strategies

No more U.S. Steel

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.

According to the Washington Post, Japan’s largest steelmaker, Nippon Steel, will purchase U.S. Steel in a, a deal valued at $14.1 billion. Questions: Source: Tan, E. (2023). U.S. Steel will be acquired by Japan’s Nippon in a $14.1 billion deal. The Washington Post, December 18 (Retrievable online at https://www.washingtonpost.com/business/2023/12/18/us-steel-nippon-acquistion)

No Deal

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 Reuters, U.S. health insurer, Cigna (CI.N) has ended its attempt to negotiate an acquisition of rival Humana (HUM.N) after the pair failed to agree on price. Questions: 2. Cigna is still exploring the sale of its Medicare Advantage business. What does this segment focus on? 3. Cigna is planning to do a total of how much total… Read more »

Big Buyout?

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.

According to CNBC, Arkhouse Management and Brigade Capital Management have offered to buy Macy’s Inc. for $5.8 billion, according to people familiar with the matter. Questions: Source: Picciotto, R. (2023). Macy’s receives $5.8 billion buyout offer, sources say. CNBC.com, 12/10/23 (Retrievable online at https://www.msn.com/en-us/money/companies/macy-s-receives-5-8-billion-buyout-offer-sources-say/ar-AA1liroj?)

Did “Skimpflation” invade your Thanksgiving dinner?

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.

Does you favorite food seem to be in smaller proportions than usual? If so, you might want to see if you are being faced with “skimpflation”? Questions Source: George, M. (2023). “Skimpflation” may be slipping by grocery shoppers. Here’s how to spot it. Nov. 27 (Retrievable online at https://www.msn.com/en-us/foodanddrink/foodnews/skimpflation-may-be-slipping-by-grocery-shoppers-heres-how-to-spot-it/ar-AA1kBhsJ).

WeWork – Not a Surprising Demise To Some Analysts!

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.

According to CNN.com, WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup. Questions: 1. Around its peak, what was the company’s stock valued at? 2. WeWork plans to stay open and operational as it does what? 3. According to the article,… Read more »

Exploited Legal Loopholes – Oh My!

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What a con! Free windshield replacements in Florida parking lots! And it is costing insurance companies millions of dollars, which then trickle down as higher rates for the consumer. Questions: Source: Tan, E. (2023). How Florida’s ‘unscrupulous’ auto glass shops fuel an insurance crisis. The Washington Post, Nov. 12 (Retrievable online at https://www.washingtonpost.com/business/2023/11/12/auto-glass-florida-insurance)

Accounting for Intangibles

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In a recent meeting, the Federal Trade Commission (FTC) challenged more than 100 patents held by manufacturers of brand-name asthma inhalers, epinephrine autoinjectors, and other drug products as improperly or inaccurately listed in the Food and Drug Administration’s (FDA) publication of “Approved Drug Products with Therapeutic Equivalence Evaluations,” commonly known as the “Orange Book.” Questions:… Read more »

Is Zombie World in Our Future?

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According to the New York Times, it is possible that the Net may be the habitat of AI agents, which are being transformed from chatbots that play games, query websites, schedule meetings, build bar charts and do much more. Questions: Source: Metz, C. and K. Weize. (2023). How ‘A.I. Agents’ That Roam the Internet Could… Read more »

Ergonomic Nightmares and Its Not Even Halloween!

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According to the Washington Post, state labor regulators in Washington state allege that working at Amazon exposes staff to increased risk of ergonomic injury and musculoskeletal disorders as they awkwardly bend and twist to move goods through the warehouse.  Questions: Source: O’Donovan, C. (2023). Regulators struggle to rein in Amazon on safety for warehouse workers…. Read more »

Forced Labor for the Sake of EV?

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, International Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, Tesla has been conspicuously silent when it comes to China, despite evidence that materials that go into its vehicles come from the Xinjiang region, where forced labor has been rampant. Questions: Source: Halper, E. (2023). EV makers’ Use of Chinese Suppliers Raises Concerns About Forced Labor. The Washington Post, Sep…. Read more »