Posts Tagged: COVID

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 »

Look at Carvana Stock Surge!

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.

According to theStreet.com, Carvana stock surged as much as 33% today! But why? Questions: 1. What do some traders speculate that the change is due to? Explain. 2. What happened to Carvana stock in 2022 and why? 3. During the COVID pandemic, how many times did Carvana go into debt? Source: Chang, E. (2023). Carvana… Read more »

Amityville Horror?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Uncategorized.

According to Susan Edelman, witnesses in alleged COVID vaccine fraud case have put 82 NYC educators in potential legal danger. Questions: Why are these educators in potential legal danger? Who committed the fraud? What was the amount of ill-gotten gains derived from the fraud? According to the article, what percentage of the COVID vaccines given… Read more »

IRS destroys 30 M Paper returns due to Backlog

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According to Accounting Today, the IRS destroyed about 30 M paper-filed information returns in March 2021 due to its inability to process them. Questions: What does the IRS typically use the information returns for? Since 2014, what has been the overall percentage increase of business tax returns that are e-filed? In 2018, what was the… Read more »

Prediction: When Will The Supply Chain Problem Ease?

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, International Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, the supply chain disruptions go back as early as last year, at the beginning stages of the pandemic.  Questions According to the article, what factors created the perfect storm in disrupting the supply chain? Why couldn’t the factories just produce more and help catch up the supply chain disruptions?… Read more »

Milkshake woes for McDonalds

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, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to The Guardian, milkshakes are off the menu at McDonald’s in England, Scotland and Wales. Questions: Why are milkshakes off the menu at McDonald’s in England, Scotland, and Wales? What are lorry drivers? What other restaurants and sectors mentioned in the article are having the same types of problems? If there is a shortage… Read more »

Ransomware Update

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

According to Techrepublic.com, cybercriminals have attacked hospitals and other healthcare organizations with double-extortion ransomware attacks during the COVID pandemic. Questions: What is a double-extortion ransomware attack and how many different ransomware variants are now using the double-extortion plot? Why are cybercriminals focusing on hospitals and other healthcare organizations with these even bolder types of attacks?… Read more »

Working Remotely Causes Tax Problems for Some

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, workers may have to file more than one state tax return, and in certain situations they could end up owing taxes in both states. The details depend on your home state and what state you worked in during 2020. Questions: What type of rules apply? If you end up… Read more »

Slippery Slope or A Good Option for Turbulent Times?

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, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, shoppers who use pay-later options tend to spend more and buy more frequently than those who do not. Questions: How much are these buy-now, pay-later services going to grow by 2025? What national chains now have bi-weekly arrangements with customers for everyday purchases? Why are consumer protection experts warning against… Read more »