What would you do?

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

Tens of thousands of computer users around the world made the decision, to refuse to pay the anonymous hackers behind the ransomware attack known as WannaCry. The attackers had demanded that individuals pay up to $600 by Friday to regain control of their machines or face losing their data. Questions: 1. At the writing of… Read more »

Upside or downside?

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According to the Washington Post, Purdue has acquired the for-profit Kaplan University to extend its reach into online and adult education, which some see as an unusual move for a public institution. Questions: 1. What were the benefits to Purdue of acquiring Kaplan? 2. What are the potential downsides of this acquisition for Purdue? 3…. Read more »

Promises Kept? Buy American, Hire Americans?

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According to Lydia O’Neal with the International Business Times, President Donald Trump recently signed an executive order urging the U.S. to “buy American,” in part by encouraging the Departments of Commerce and State to prioritize American firms when they dole out lucrative contracts. Unfortunately, a report released last week found, that the direction may not… Read more »

Private Debt Collectors used by the IRS. What could go wrong?

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According to Slate, last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand. Questions: 1. What is the pleasure that this article is referring to? 2. Has this been… Read more »

Too Many Bureaucrats?

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The California State Auditor has delivered a damning assessment of the management practices at the single largest university system in the United States. Questions: 1. What controls could have prevented this situation? 2. How does this affect costs? 3. According to the audit, how does the rate compare to other organizations within the California government… Read more »

Surprise, Surprise, Surprise

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United Airlines, the Chicago-based giant at the center of a public relations storm for its forcible removal of a passenger from a weekend flight, has spent more than $41 million during the past decade to lobby the federal government, often battling consumer-friendly causes. Questions: 1. What were some of these consumer-friendly causes that United lobbied… Read more »

March Madness at Uber

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Uber experienced the worst month it has had during its eight-year history in March 2017. There were car crashes, the company president quit, and an entire country turned its back on the app. Questions: 1. Which country forced Uber to withdraw and why? 2. Which company is Uber accused of stealing from and what did… Read more »

Tuition Free College?

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According to CNN, New York just became the first state in the nation to make tuition free for middle class students at both two- and four-year public colleges. Questions: 1. When does this program start? 2. What are the income caps in order to obtain free tuition? 3. What are the restrictions after graduation? 4…. Read more »

Morphing or not?

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The world of retail is changing, with growth in online shopping dominated by Amazon. But does it signal a death spiral to our traditional way of life? Questions: After reading the article, please answer: 1. What is the inventory problem? 2. What is the supplier problem? 3. What is the supply chain problem? Source: Hoium,… Read more »

LSAT or GRE?

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For 70 years, the LSAT has been a rite of passage to legal education, at Harvard, as well as other law schools. However, beginning this fall, Harvard Law School will allow either the Graduate Record Examination or the Law School Admission Test for applicants. Questions: 1. Why is the GRE being considered instead of the… Read more »