Posts Tagged: qualitative issues in cost decision making

“Home Equity Theft” ruled on by the Supreme Court

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, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Accounting Today, the Supreme Court unanimously rejected a Minnesota county’s argument that a 94-year-old woman had no property interest in a condominium they seized from her and later sold for more than her unpaid taxes.  Questions: Source: Cohn, M. (2023). SCOTUS rules for 94-year-old in property tax case. Accounting Today, June 6 (Retrievable… Read more »

Higher Stock Ownership among Americans in 2023

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.

According to the Washington Post, 61 percent of Americans own stocks, which is the highest number since 2008. Questions: Source: Singletary, M. (2023) More Americans own stocks. This is great for their financial future. The Washington Post, June 6. (Retrievable at https://www.washingtonpost.com/business/2023/06/06/american-stock-ownership/)

Do more taxes mean better services?: A cautionary tale

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, Income Taxes, Managerial Accounting, Uncategorized, Video Updates.

Generally, you equate the need for higher taxes in a city as a way to improve the environment. This blog looks at the city of Portland, Oregon. Questions: Source: Conerly, B. (2021) Death Of A City: The Portland Story? Forbes, Jan. 28 (Retrievable online at https://www.forbes.com/sites/billconerly/2021/01/28/death-of-a-city-the-portland-story/?sh=bff67ac74ad0) Constantz, J. (2023). The cities where high earners face… Read more »

First Republic’s Problems

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, Income Taxes, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, the bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March. Questions: Source: Cowley, S. (2023). In An Unsteady Banking Industry, First Republic’s Problems Stood Out. The New York Times, May 1 (Retrievable… Read more »

Croc Addicts

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

According to the New York Times, while other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019. Questions: Source: Holman, J. (2023). People Started Buying Crocs During the Pandemic. They Can’t Stop. The New York Times, March 27 (Retrievable online at… Read more »

A Yeezy Problem?

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, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the Washington Post, Adidas has more than $500 million of Kanye West sneakers, with no good options for getting rid of them. (See the video for new developments.) Questions: Source: Mark, J. (2023). Adidas has $500 million worth of Kanye West sneakers and no good options. The Washington Post, Feb. 27 (Retrievable online… Read more »

Now Your Free Perks Are Going to Cost More!

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.

According to the New York Times, recent changes to restaurant rewards programs at places like Dunkin’ and Starbucks mean that customers must pay more before their perks kick in. Questions: Source: Creswell, J. (2023) Restaurant Chains Make It Cost More to Be Loyal. The New York Times, Feb. 28 (Retrievable online at https://www.nytimes.com/2023/02/28/business/restaurant-reward-programs.html)

Retail apocalypse?

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.

It seems as if each day brings a new list of closing retailers. According to Shimkus (2023), Macy’s, Nordstrom, Kohl’s, Bed Bath and Beyond, and JoAnn’s are only a few of the iconic brick-and-mortar stores to close numerous stores this year. Questions: Source: Shimkus, B. (2023). SHUTTING UP SHOP: Full list of stores hit by… Read more »

A Scam Called “Pig-Butchering”

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, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, federal law enforcement and major crypto exchanges appear to be behind in cracking down on fraud growth. Questions: Source: Newmyer, T. (2023). Crypto scam aimed at online acquaintances costs victims billions. The Washington Post, Feb. 14 (Retrievable online at https://www.washingtonpost.com/business/2023/02/14/crypto-scam-lost-billions/)

If you are part of “Generation Zalpha,” there might be an internship in your future!

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.

According to the New York Times, making TikTok content for brands is the hot new gig and job sites are peppering listings with ads for “TikTok content creator interns.” Questions: Source: Maheshwari, S. (2023). Wanted: Interns Who Can Make TikTok Hits. The New York Times, Feb. 12 (Retrievable at https://www.nytimes.com/2023/02/12/business/tiktok-interns.html).