Poor EDGAR!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Reuters, the U.S. Securities and Exchange Commission (SEC), Wall Street’s top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse. Questions: 1. What type of risks did the internal memo detail? 2. When was the discovery made? 3. What types of entries could bring the… Read more »

Change Afoot?

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

According to the Guardian, fathers and adoptive parents are demanding more paid family leave similar to that paid to new moms. Executives were confronted at the annual meeting of Starbucks shareholders in March by a barista claiming unequal family leave for some. Questions: 1.What group is going to pressure the company to be more equal… Read more »

Has your credit information been stolen?

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

As you probably already have heard, Equifax, one of three major credit reporting agencies, revealed that highly sensitive personal and financial information for around 143 million U.S. consumers was compromised in a cybersecurity breach that began in late spring. Later we learned of a second breach, that included about 100,000 Canadians and up to half… Read more »

More Blues for College Borrowers in the For-Profit College Environment

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 Associated Press, tens of thousands of former students who say they were swindled by for-profit colleges are being left in limbo as the Trump administration delays action on requests for loan forgiveness. Questions: 1. Why is the Department of Education sitting on the claims? How many claims are there? 2. Who has… Read more »

Now you see it, now you don’t! The disappearing down payment!

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

Because many real estate markets across the U.S. are in the middle of an affordability crisis, the trend of rising home prices, tight access to credit, and slow homebuilding has resulted in a group of millennials that cannot find enough rentals, but do not have a downpayment for buying new homes. That’s where Unison Home… Read more »

Big Business for Kids’ Sports

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

According to Time, a range of private businesses are mining deep, do-anything parental love for kid’s who want to train to pursue sports at the national level. The U.S. youth-sports economy–includes everything from travel to private coaching to apps that organize leagues and livestream games; it is now a $15.3 billion market, according to WinterGreen… Read more »

Hurricane Harvey cruises

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

As Hurricane Harvey begans to bear down on Texas, thousands of vacationers aboard cruise ships were left stuck at sea until the storm passed. Questions: 1. Approximately how many vacationers were stuck at sea near Galveston, Texas? 2. If guests wished to terminate their cruise, where were they taken to dock? 3. If you were… Read more »

Let’s Eat with Amazon!

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According to Reuters, “Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.” Questions: 1. What are some of the dishes that Amazon plans to offer? 2. What… Read more »

Is this fraud?

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, Uncategorized.

According to Bloomberg, “CVS Health Corp. and Walgreens Boots Alliance Inc. were sued by California customers who accused the drugstore operators of charging co-payments for certain prescription drugs that exceed the cost of medicines.” Questions: 1. What do Schultz’s and Grabstulz’s lawsuits claim in specific terms? 2. Cases have also been filed against which health… Read more »