Posts Tagged: Disclosure Issues in Financial Reporting

Changes in some copyrights

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

According to the New York Times, this coming year marks the first time in two decades that a large body of copyrighted works will lose their protected status — a shift that will have profound consequences for publishers and literary estates, which stand to lose both money and creative control. Questions: 1. Where can this… Read more »

Sentinel Capital Partners New Acquisition

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Sentinel Capital Partners’ new acquisition is Pet Supplies Plus (PSP), as of December 2018. Questions: 1. What are the benefits for PSP of being acquired? 2. How old are the franchise and company-operated stores and where was the company established? 3. How widespread is the chain, geographically? 4. What are the benefits of the acquisition… Read more »

More Greed and Graft

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According to the Washington Post, what started as an antitrust lawsuit brought by states over just two drugs in 2016 has exploded into an investigation of alleged price-fixing involving at least 16 companies and 300 drugs. Questions: 1. What was the “shorthand” between executives used for? Give an example. 2. According to the article, who… Read more »

Red-bottomed shoes

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Christian Louboutin’s trademark red-bottomed shoes have become iconic. Beyoncé wore a custom pair of boots for her Coachella performance and these shoes can cost hundreds or thousands of dollars. Questions: 1. Where did Christian Louboutin get the idea for the red soles? 2. According to the article, what combination of factors makes the shoes so… Read more »

Unbelievable Differences in Incentives!

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According to the Washington Post, the bundle of financial incentives Wisconsin offered to lure Taiwanese technology giant Foxconn’s first major U.S. plant is larger than what New York, Virginia and Tennessee collectively pledged to Amazon.com, a comparison of the two development projects shows. Questions: 1. Foxconn has said its $10-billion factory in southeastern Wisconsin will… Read more »

Bad News for Nissan

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According to the New York Times, the Nissan chairman, Carlos Ghosn, was arrested on Monday after an internal company investigation found that he had underreported his compensation to the Japanese financial authorities for several years. 1. After Mr. Ghosn was sent to Nissan’s Japan headquarters, what was he credited with as a result of making… Read more »

Delicious Contingent Liabilities

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According to Buzz Feed.com, instant noodles are convenient, tasty, and…potentially dangerous? The sick-day staple and college student favorite may provide warmth and comfort, but new research suggests that ramen and other instant soups and noodles may be risky for young kids. Questions: 1. How many children are sent to the emergency room as a result… Read more »

Free Shipping!

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As Walmart, Target and Amazon launch a price war for merchandise in the weeks before Thanksgiving, they are now wooing customers with the promise of fast, efficient, no-cost shipping. On Monday, Amazon upped the ante by expanding free shipping to all customers through the holidays, with no minimum purchase required. Questions: 1. What do Prime… Read more »

Owning Home(s)

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Business owners and landlords tend to be about four times as wealthy as the average American. That’s more than almost any other country included in a new study. Questions: 1. What were the three household groups in the study? 2. Who are the bottom 40 percent in the housing market? 3. Which countries are the… Read more »

The New Twist in Airline Rates

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While the list of things not included with your plane ticket seems to be constantly growing, there is a new twist in ticket rates. As if it isn’t becoming difficult enough, now some airlines have started bidding sites for seat upgrades! Questions: 1. What are the extra fees associated with airline transportation called? 2. What… Read more »