SEC Looks at Unusual Transactions

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

The Securities and Exchange Commission launched¬†a probe of circumstances surrounding Eastman Kodak (KODK) and a $765 million government loan it received last week to make pharmaceutical ingredients at its U.S. facilities. Questions: What happened to Kodak stock between the announcement of its government loan to make pharmaceutical ingredients¬†and the announcement of the SEC probe? Which… Read more »

But wait…..there’s more………

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

Already struggling to rebuild its reputation after disclosing the creation of fraudulent bank accounts, the New York Times indicates that Wells Fargo may soon release information about even more fraudulent account creation. Questions: 1. Based on the new investigation, how many accounts were found and over what period? 2. What is the new regulatory issue… Read more »

China Woes

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

This will be a make-or-break week for the Chinese stock market, after officials rolled out an unprecedented series of steps this weekend to prevent a stock market crash that would hurt the world’s second-largest economy. Questions: 1. What has the Chinese stock market done in the last 3 weeks? 2. What will the suspension of… Read more »