Posts Tagged: risk

Beware of Convenience Checks!

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he price of tapping credit through a cash advance, which lets people borrow from their credit cards by writing a check or withdrawing money from an ATM, is much steeper than it would be for a traditional credit purchase. It’s also much harder to avoid fees when a cash advance is involved. Questions: 1. What… Read more »

Loss-Prevention Profiling at CVS

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Four former loss-prevention employees from the CVS chain in New York filed a class-action lawsuit on June 3rd against the drugstore chain, accusing their bosses of ordering them to target black and Hispanic shoppers. According to the detectives, they were fired after complaining about racial discrimination, against both customers and themselves. Questions: 1. Why is… Read more »

The More Things Change, The More They Stay the Same

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Walmart’s board elected a new chairman at its annual stockholders’ meeting last week. As only the third chairman in the retail giant’s history, the post was passed on to a member of the founding Walton family. Questions: 1. What type of background does Mr. Penner have that will be beneficial in this post? 2. Why… Read more »

Team Disney – Its a Small World After All

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Nothing could be worse than losing your job, except maybe being required to train your replacement. That is what happened in the Magical Kingdom when cheaper H-1B workers from an India outsourcing firm replaced about 250 U.S. employees at the end of January this year. Questions: 1. What explanation did Disney executives give for this… Read more »

When Will They Ever Learn?

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Bank of America (BoA) is in the news again. This time, Bank of America must pay a $30 million fine after a financial regulator found numerous violations related to the accounts of 73,000 military service members. Questions: 1. What actions did the bank take against military service members that were illegal? 2. What steps did… Read more »

Severe Cuts for Higher Education in Louisiana….Who’s Next?

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Governor Bobby Jindal’s new budget in Louisiana proposes off-setting declines in oil revenue by cutting $1.6 million from the budget of state higher education institutions. At the same time as it is predicted that 60% of adults in 2025 will have to have postsecondary credentials in order for the U.S. to maintain its economic edge,… Read more »

A Legalized Scam?

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Most people do not shop around for title insurance when they buy a home. Instead, they usually just go to the title insurance company that the real estate agent recommends.This article highlights the problem with this model. Questions: 1. Using the fraud triangle, discuss what factors are at work in the title insurance industry. 2…. Read more »

The Hidden Costs of Beautiful Nails

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Manicures were once for special occasions only. Now they have become a staple for women across the economic spectrum. With more than 17,000 nail salons in the United States, there are about 2,000 nail salons in New York City alone. This New York Times research article looks at the dirty little secret of exploitation of… Read more »

Adjuncts with Ph.D.s are now Rising in the Ranks with the Working Poor

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Are academics actually resorting to government aid? According to the article by Jeremy Weissman, 25% of part-time college faculty are on government aid. Questions: 1. According to NBC News, how many part-time faculty are on public assistance? 2. What programs do these include? 3. According to the article, what are the three things that need… Read more »

How Do you Assess Likelihood about the Unknown: Insurers and Driver-less Cars

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

Tesla Motors is going to roll out a self-driving feature on selected cars this summer. The dilemma for insurance companies is “how do you assess the risk without an existing track record?” Questions: 1. Even when self-driving cars are widely available, what will delay their widespread adoption? 2. Why do you think that California is… Read more »