File and Suspend is No Longer Available

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

A strategy to increase lifetime Social Security benefits by up to roughly $60,000 for some high-earning couples was eliminated by the Obama Administration on Nov. 2. The strategy, known as file-and-suspend, allowed one spouse to file for Social Security retirement benefits and then suspend the payouts, so that the other spouse could collect spousal benefits… Read more »

To PIN or not to PIN?

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

Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud. Questions: 1. Why is this being resisted by banks? 2. Which retailers are leading the movement? 3. Discuss the costs and benefits of the… Read more »