Big Brother and Hedge Fund Land

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

Ray Dalio, billionaire founder of the world’s largest hedge fund, Bridgewater Associates, claims that one of his firm’s core operating principles is “radical transparency, regarding employee grievances and concerns. However, according to Stevenson and Goldstein in this New York Times article, at least one Bridgewater employee sees the firm as a “cauldron of fear and… Read more »

Trapped by Debt?

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.

Belkin Antonio Hernandez-Vargas was desperate to see his wife and get out of U.S. custody, so he turned to one of the biggest names in the business of helping immigrant detainees secure bail bonds. As a result, the company Libre by Nexus helped Belkin, an El Salvadorian secure an $8,000 bond after he was able… Read more »

Big Deal!

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For years, Yahoo was the front door to the web and its services still attract a billion visitors a month. But…times are changing and as a result, Yahoo’s core internet operations and land holdings are being sold to Verizon Communications for $4.8 billion. Questions: 1. Why was the Yahoo model changing and how? 2. What… Read more »

Auction misconduct, silly mix-up, or something else…………?

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

The Keno brothers, stars of the PBS series Antique Roadshow, have recently exhibited strange behavior that is oddly out of sync with their stature as antique world luminaries. Leslie and Leigh Keno, twins and celebrity appraisers, say they accidentally bid against each other this spring. Questions: 1. A New Orleans auction house is suing the… Read more »

No List Prices?

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Amazon, who made its reputation on offering deals, is now quietly dropping list prices from its items. The new model is that Amazon does not have to entice customers anymore because they will buy anyway. Questions: 1. When did Amazon begin as a company? 2. When did the company begin dropping list prices? 3. Why… Read more »

Phased out in your lifetime????

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Financial Accounting, Fraud Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, millions of customers at such banks as Bank of America, JPMorgan Chase, and Wells Fargo, currently log into their bank accounts through their mobile phones using their fingerprints. Introduced in the last few months, this feature enables a huge share of American banking customers to verify their identities with… Read more »

That’s Billion with a “B!”

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

According to the Washington Post, the IRS paid $3.1 billion in bogus tax refunds in 2014 due to ID theft. Yes, that’s billion with a “B.” Questions: 1. How many individual tax returns did the IRS process in 2015? 2. What percentage and amount did the IRS identify as fraudulent claims before it paid them?… Read more »

Walmart vs. Amazon: A Grocery War?

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

Questions: 1. Do you see this as a competition between Walmart and Amazon? Why or why not and are there any other players in the grocery war? 2. According to the video, why didn’t Walmart just create their own logistical team rather than use Uber and Lyft? 3. Would you be willing to pay $7… Read more »

Mutual Funds Extinct?

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

According to Matt Turner at Business Insider, passive investing is taking over the money-management world through exchange-traded funds (ETFs), which simply track an index. Questions: 1. What are some of the advantages of ETFs for investors? 2. During April in the U.S., what amount of money was tied up in ETFs? And according to Credit… Read more »