Posts Tagged: Revenue Recognition

ER Bill Surprise!

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

New data suggests that EmCare, now one of the nation’s largest physician-staffing companies for emergency rooms, is showing a disturbing pattern. In the case of a small Spokane, Washington hospital, the number of patients coded as having billing for the most complex, expensive level of care quadrupled after the hospital contracted for services through EmCare…. Read more »

Private Debt Collectors used by the IRS. What could go wrong?

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

According to Slate, last year, Congress authorized the Internal Revenue Service to use private debt collectors to go after unpaid tax liabilities—and this month, if you are one of the unfortunate, you may have already had the pleasure first-hand. Questions: 1. What is the pleasure that this article is referring to? 2. Has this been… Read more »

March Madness at Uber

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

Uber experienced the worst month it has had during its eight-year history in March 2017. There were car crashes, the company president quit, and an entire country turned its back on the app. Questions: 1. Which country forced Uber to withdraw and why? 2. Which company is Uber accused of stealing from and what did… Read more »

Morphing or not?

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The world of retail is changing, with growth in online shopping dominated by Amazon. But does it signal a death spiral to our traditional way of life? Questions: After reading the article, please answer: 1. What is the inventory problem? 2. What is the supplier problem? 3. What is the supply chain problem? Source: Hoium,… Read more »

Detainees for Profit

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

Libre, a for-profit company whose name means “free” in Spanish, is charging immigrants who sign contracts $420 per month for their freedom while wearing the company’s GPS devices. The company is now subject to a number of lawsuits and allegations of fraud by immigrants. Questions: 1. Do you think a company should be allowed to… Read more »

LSAT or GRE?

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For 70 years, the LSAT has been a rite of passage to legal education, at Harvard, as well as other law schools. However, beginning this fall, Harvard Law School will allow either the Graduate Record Examination or the Law School Admission Test for applicants. Questions: 1. Why is the GRE being considered instead of the… Read more »

Snags at Starbucks

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At Starbucks, customers are now able to order and pay for coffee via their phones, so many of them now head directly to the part of the cafe where beverages are handed out. Various snags contributed to company’s lower-than-expected sales and the coffee giant is working to correct problem, according to its Chief Operating Officer…. Read more »

Xiaomi – Cheap phones online may not be the key to success.

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Xiaomi, once hailed as an Apple iPhone slayer in China, now admits that they moved too fast to outpace their competitor. The company’s founder, Lei Jun, wrote his employees this week, indicating that the company needs to focus on the future and long-term sustainability. Questions: 1. Who are the domestic rivals to Xiaomi in the… Read more »

Japan Wants Its Overworked Citizens to Start Having Fun by Getting off of Work on the Weekends at an Earlier Time

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

Japan is the country that coined the word “karoshi,” or death by overwork. Now it wants companies to let workers finish early on the last Friday of every month, go out and have some fun. Questions: 1. What will this government campaign be called and when does it start? 2. How is this move expected… Read more »

International students save the day at U.S. state universities

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Amid funding shortages, American colleges are turning to international students, who offer a lifeline to cash-strapped U.S. state schools. Questions: 1. How many international students were enrolled in U.S. Universities last year? 2. What percent increase have universities seen in the enrollment of international students since the 2005/2006 school year? 3. Discuss what is happening… Read more »