Posts Tagged: Disclosure Issues in Financial Reporting

Limiting Public Exposés: China’s Crackdown on Information about Officials and Social Elite

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

There is a chilling crackdown on due diligence companies in China. In an effort to tighten access to company records at local industry and commerce bureaus, the Chinese government arrested Peter Humphreys and his wife, who run a due diligence company that works for many multinational companies in China. Access to these bureau records is… Read more »

Amazon’s profit strategy?

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, Uncategorized.

Almost daily, Amazon announces that it is entering another new venture. How do they do it, since they have yet to show profit that supports their share price? Questions: 1. After reading the article, do you think that Amazon with stay with a discounter form of commerce? 2. How do you think Amazon accounts for… Read more »

A Dragnet for Astroturfing

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, Uncategorized.

As a result of a year-long investigation, New York regulators will announced on September 23, 2013 that they would crackdown on deceptive and fake Internet reviews on products and services. Agreements have been reached with 19 companies to cease their misleading practices and pay a total of $350,000 in penalties. Questions: 1. Where were some… Read more »

Here we go again!

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.

In a release on July 30, 2013, JP Morgan has agreed to pay a $410 penalty over allegations it manipulated U.S. electricity markets. According to the official release, JP Morgan Ventures Energy Corporation is alleged to have manipulated the electricity market through the company’s bidding activities in California and the Midwest during the period from… Read more »

Cooking Empire Crumbles

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.

Questions: 1. Do you think that the businesses were right in dropping Ms. Deen’s licensing and merchandise endorsements? 2. Discuss the millions of dollars Ms. Deen will lose in terms of what financial statements and accounts affected. Be as specific as possible. 3. How did the whole Paula Deen incident start and what is the… Read more »

Would you invest in a Bitcoin Fund?

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, Uncategorized.

Bitcoin has been promoted as an alternative crypto-currency that exists outside the realms of governments and central banks. Now Cameron and Tyler Winklevoss, the twins best known for their part in the history of Facebook, filed a proposal with securities regulators that would allow any investor to trade bitcoins, just as if they were stocks…. Read more »

Could you live on $8M a month?

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

Equilar Inc., the executive compensation analysis firm, found that the median 2012 pay package came in at $15.1 million — a leap of 16 percent from 2011. However, at 19 percent in 2012, that median stock market returns for these companies was only three percentage points higher than the pay raise. Lawrence J. Ellison, founder… Read more »

Welcome to the GMO free zone of the future

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

As we head into the hot summer, what sounds great? Well, ice cream, of course! And who is in the news? Ben and Jerry’s. According to the Huffington Post, Ben and Jerry’s is removing a controversial ingredient from its ice cream: Genetically-modified organisms (or GMOs). The back story is that only 80% of Ben &… Read more »

Why is the IMF chief in court?

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.

Recently, Christine Lagarde was grilled by a French court in regards to a business settlement with disgraced tycoon Bernard Tapie in 2007. Questions: 1. What is the IMF? Why was the IMF in the news in 2011? 2. What is the controversy about? Is anyone alleged to have profited from the incident? 3. What does… Read more »

IPO Fever

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

U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis. It appears that this trend is driven by the same thirst for risk among investors that has pushed the stock market to new highs. Questions 1. Based on the information given in this article, what is… Read more »