Posts Tagged: international trade

Where in the world is Catalonia?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Cost Accounting, Financial Accounting, International Accounting, Video Updates.

Under a separatist plan, the Catalan government has claimed a mandate for independence. Two million votes or so have been counted in support of a split with Spain. Questions: 1. Where is Catalonia located? 2. What is the history of this separatist plan? 3. Why should accounting and business students know about this? 4. According… Read more »

The Big Wash Machine for Mexican drug cartels

Posted by & filed under Accounting Information Systems, Auditing, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Video Updates.

Turning dirty cash from drug sales into clean, usable currency has become harder for Mexican drug gangs as a result of tighter banking regulations at home and in the U.S. However, the latest money laundering schemes are piggy-backing on cross-border trade. Questions: 1. What is a “suspicious activity report” filed by banks in the U.S…. Read more »