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 »

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!

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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 »

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 »

Bachelor Parties and Millennials

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According to Time magazine, millennials spend an average of $1,532 to be a guest at a single weekend for a bachelor party. Questions: 1. How much on average do millennials spend to be a guest at bachelorette parties? 2. How much on average do millennials spend on the big day of the wedding? 3. Does… Read more »

What would you do?

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

According to the Washington Post, the residents of Presidio Terrace, which is an oval-shaped privately owned street commonly known as one of the most exclusive communities in San Francisco, learned the that someone could buy their entire street. Questions: 1. Why was it possible to own Presidio Terrace? 2. How many bidders did Ms. Lam… Read more »

The Cost of Drugs: Generic or Maybe Not….

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The standard advice for consumers is: if you are prescribed a medicine, always ask if there is a cheaper generic. Questions: 1. According to the article, why are consumers told the opposite on some drugs – take name brand drugs and pay a higher co-pay? 2. What does Dr. Diller mean by “It’s Alice-in-Wonderland time… Read more »

But wait…..there’s more………

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Already struggling to rebuild its reputation after disclosing the creation of fraudulent bank accounts, the New York Times indicates that Wells Fargo may soon release information about even more fraudulent account creation. Questions: 1. Based on the new investigation, how many accounts were found and over what period? 2. What is the new regulatory issue… Read more »

Gosh, D.C., maybe it really IS a crisis!

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, Video Updates.

When you look at middle-class manufacturing jobs. many do not even require a high school diploma but pay $15 to $25 an hour and offer full benefits. So why aren’t they being filled? As Nelson Schwartz indicates in this article, the problem is that too many applicants — nearly half, in some cases — fail… Read more »