And the challenges go on……..

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

According to the BBC, the Court of Appeal judges in London have denied Nestle’s attempts to trademark the shape of its famous four-fingered KitKat bar. Questions: 1. Which countries have granted Nestlé’s four-finger shape a trademark registration? 2. According to the article, why is it difficult to prove the case in U.K. courts? 3. Briefly… Read more »

Too Many Bureaucrats?

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The California State Auditor has delivered a damning assessment of the management practices at the single largest university system in the United States. Questions: 1. What controls could have prevented this situation? 2. How does this affect costs? 3. According to the audit, how does the rate compare to other organizations within the California government… Read more »

So you want privacy?

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The privacy protections, approved in the final days of the Obama administration, would have required ISPs to get permission from customers before collecting and sharing their data. However, President Trump signed off on a repeal of the Internet privacy protections before they were able to take effect — despite an outcry from consumer groups and… Read more »

Time to Cash In

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Miss Kindergarten is in the million-dollar club. So are Lovin Lit, the Moffatt Girls and about a dozen other teacher-entrepreneurs who are spinning reading, math, science and social studies into gold by selling their lesson plans online to fellow teachers around the world. Questions: 1. What types of things do these websites offer? 2. What… Read more »

Tuition Free College?

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According to CNN, New York just became the first state in the nation to make tuition free for middle class students at both two- and four-year public colleges. Questions: 1. When does this program start? 2. What are the income caps in order to obtain free tuition? 3. What are the restrictions after graduation? 4…. Read more »

Really?

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Commonly called “pay-to-stay” or “private jail,” at least 26 jails in Los Angeles and Orange counties are opening their doors to defendants who can afford the option. This is evolving into a two-tiered justice system that allows people convicted of serious crimes to buy their way into safer and more comfortable jail stays. Questions: 1…. Read more »

You mean, pay matters?

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Remember when sales at Walmart stores open at least a year fell for five straight quarters and the company’s revenue fell for the first time in Walmart’s 45-year run as a public company in 2015? According to the New York Times, this is how they changed the dissatisfaction that customers felt. Questions: 1. What was… Read more »

Ramen Noodles are the new Prison Currency!

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At some state prisons, budget cuts have led to a reduction in the caliber and total number of meals that prisoners receive, which means that the practical value of ramen noodles have skyrocketed in their value as contra ban. Questions: 1. According to the article, why don’t prisoners stock up on Ramen, since it commands… Read more »

Amazon and the 30 hour work week

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According to the Washington Post, the U.S. online retailer, Amazon, will try out teams that log 30-hour work weeks. But here is the catch: employees will receive the same benefits as those putting in 40-hour weeks, but get three-quarters of the pay. Questions: 1. Will this change be company-wide? 2. Last year the New York… Read more »

Orphan Drug Act

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Three decades ago, Congress listened to the plight of Americans sick with diseases so rare many people had never heard of them. They were victims of a pharmaceutical market failure — “orphans” ignored by drug companies because, the thinking went, tiny groups of patients would lead to trifling sales. Questions: 1. What is the Orphan… Read more »