Helping with the Rent?

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

Almost half of people in their early 20s have a secret, one they don’t usually share even with friends: Their parents help them pay the rent. Questions: 1. What is the average amount that about 40% of 22, 23, and 24 year-olds receive from their parents, to help with the rent? 2. How do career… Read more »

Solidarity Forever!

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

Reversing a landmark ruling from the George W. Bush era, the National Labor Relations Board ruled today that graduate students who work as teaching and research assistants at private universities have the right to form labor unions. Questions: 1. Where did the original case take place? 2. What universities are excluded from the ruling and… Read more »

Is this really about Saving America’s Past Time?

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

U.S. Representatives Brett Guthrie (R-KY) introduced a bill misleadingly called the “Save America’s Pastime Act,” with the sole purpose of excluding Minor League Baseball (MiLB) players from regulation under federal minimum wage and overtime requirements. Questions: 1. What is Mr. Guthrie’s reasoning for exempting the pay of Minor Leaguers from Federal pay laws? 2. What… Read more »

The new trend in non-compete clauses

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

If you are a chief executive of a large company, you very likely have a non-compete clause in your contract and also understand the importance of this clause in preventing you from jumping ship to a competitor until some period has elapsed. However, according to the New York Times, non-compete clauses are popping up in… Read more »

Rip Off: We Work Hard for the Money!

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

Although Guadalupe Rangel worked nearly 70 hours per week, he never saw any overtime pay at the Schneider warehouse in Mira Loma, California. As a result he joined a lawsuit involving hundreds of warehouse workers where he will likely receive more than $20,000 in back pay as part of the recent $21 million legal settlement… Read more »

Would you prefer a payroll card to direct deposit?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Video Updates.

More and more American workers are facing fees before they are able to access their wages on payday. Why? Prepaid cards have been issued by their employers to replace direct deposit or paper paychecks. Questions: 1. Who are some of the well-known companies using these prepaid cards? Why is the New York attorney general getting… Read more »

OK, tell me again, how is this NOT a prosecutable felony?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

In late June 2004, a plant manager in charge of a Mexican plant of Tyson Foods sent a memo to his headquarters in Springdale, Arkansas about 2 women who did not work for Tyson’s but were being paid from his payroll, the equivalent of $2,700 per month (and had been for years). The women happened to… Read more »