If You Build It, They Will Respond

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Leonardo Matignas, it’s time to build boards of directors in a “future-fit” direction. Questions: According to an EY survey, what percentage of CEOs around the world agree that public opinion will become as important to companies as their investors in the next five to 10 years?  At the same time what percentage of… Read more »

Humans: 1 Robots: 0

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Engadget.com, Walmart announced that they have decided to cancel their original plans to have robots to track and check inventory after they discovered that actual human employees were capable of performing the tasks just as well. Questions: According to the article, which function(s) were humans better at? When did Walmart start testing the… Read more »

The Digital World Wins

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

This very interesting article in the New York Times details how robotics has helped revive Savile Row, an area in London where tailoring companies established as early as 1819, work to survive the pandemic. Questions: In what ways does the company use robotics? How did the quarantines sap profits and the way the companies usually… Read more »

Here we Go Again? Another Enron?

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

Short-seller and hedge fund manager, Jim Chanos, contends that the Alibaba Group is as problematic in its accounting positions as the now-defunct, corrupt energy giant, Enron. Questions: 1. What part of the company’s operations are most problematic and why? 2. What does cash flow have to do with this story? 3. What does Chanos claim… Read more »