During Trump Times

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 New York Times, the world currency that has gained the most since Donald J. Trump’s inauguration as president is the Mexican peso. Questions: 1. How much has the peso gained since the day that President Trump was inaugurated? 2. How much did the peso plunge on the day that President Trump was… Read more »

Fraud is quicker than the law?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

Without regulation of Bitcoin, consumers have no protection in a Bitcoin economy. The virtual currency continues to result in swindles, with little prospect of a crackdown. Questions: 1. What is a pump-and-dump scheme? 2. What event(s) sent Bitcoin’s price tumbling? 3. In the U.S., the SEC has not ruled that Bitcoin is a security. However,… Read more »

Right on the Money

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

Back in January, when Jacob “Jack” Lew was a mere nominee for the position of Secretary of the Treasury, the New York Magazine described his signature as a “slinky that has lost its spring.” Now, as the official Treasury secretary, his signature has changed. Questions: 1. Why were people worrying about Lew’s signature in the… Read more »

Money Melting a Hole in Your Pocket?

Posted by & filed under Accounting Principles, All Articles, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Video Updates.

Canada started rolling out new, polymer-based $100 bills two years ago, followed by 50s and then, last November, 20s. The money, which isslick like a sheet of plastic, hard to fold and partly transparent, is more difficult to counterfeit than Canada’s old paper-and-cotton bills. Australia and New Zealand have used similar, plasticized notes for years…. Read more »