Under-capitalization costs lives

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.

According to the Washington Post, investigations show that Life Care Centers of America, one of the largest chains in the industry, violated federal standards meant to stop the spread of infections and communicable diseases even after outbreaks and deaths from COVID-19 began to sweep its facilities from the Pacific Northwest to New England. Questions What… Read more »

A Bigger Price for Relief

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According to the Washington Post, the Coronavirus Aid, Relief, and Economic Security (Cares) Act indicates that mortgagees have the right to ask for an initial forbearance of up to 180 days with interest accruing, but with fees and penalties are waived. Questions: What was actually happening when mortgagees contacted their mortgage companies for coronavirus relief?… Read more »

Hey Top Spender!

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

According to The New York Times, with travel dropping to near nothing and no resumption in sight, major airlines and hotels are offering their highest-spending customers many perks. Questions: What do these perks include? According to the President, the economy is going to bounce back to 2019 levels by the end of 2020. What do… Read more »

Changes everywhere – Even in Hollywood

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Shooting in Hollywood is not expected to resume until August. That leaves a vast number of people without work.  Questions: What are the time elements involved in estimates that will affect postponing shooting until August? What are some of the factors why the large majority of people in the motion picture industry are now out… Read more »

If You Have Dollars, We’re On Standby

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According to the New York Times, lobbyists are waiting in the wings as the Federal government opens up for coronavirus business. Questions: Which agency has been battling a lot of fraudulent products related to the coronavirus outbreak? How much money did Congress allocate to the EPA to facilitate faster regulatory processing of coronavirus-killing disinfectants? Explain… Read more »

Sad…..

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

As the coronavirus pandemic is affecting jobs across the country, ZipRecruiter announced that it will be cutting a large amount of jobs. Questions How much of its workforce is ZipRecruiter cutting? Discuss the timing and why this is so ironic? Where is ZipRecruiter headquartered? Source Morris, M. (2020). $1.5 BILLION ZipRecruiter just laid off hundreds… Read more »

Shopping Life Changes During the Coronavirus Pandemic

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Nationwide, many stores are closing an hour earlier than regular closing times “to allow employees to clean and restock store shelves, as well as for their health and wellbeing.” Questions: Besides closing early, what are some stores doing? What is Dollar General encouraging their shoppers to do? What types of stores were primarily highlighted in… Read more »