Fraud in Medicare Part D

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

Crooks are taking advantage of lax oversight in Medicare’s Part D prescription-drug program to obtain highly addictive drugs including oxycodone, Ritalin, and methadone, according to results of a federal investigation. Pharmacies and other Medicare contractors are supposed to enter in a form a number that identifies prescribers. But in many cases, that information is being… Read more »

The confused world of outsourcing

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India’s outsourcing giants — faced with rising wages at home — have looked for growth opportunities in the United States. But with Washington crimping visas for visiting Indian workers, some companies such as Aegis are slowly hiring workers in North America, where their largest corporate customers are based. In this evolution, outsourcing has come home…. Read more »

Gamify Your Life!

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Are there things that you hate to do?  Sure, plenty!  Well now Green Goose, Inc. is trying to entice you to connect sensor activity to things to wide-spread activities, like how long you brush your teeth or how much you vacuum your house or apartment or how much energy you burn while riding your bike, or… Read more »

Company Profile: Weight Watchers International Inc.

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Weight Watchers’ CEO talks about keeping the company trim and profits healthy. Weight Watchers International, Inc. (WWI) is a consumer company and the provider of weight management services, operating through a network of Company-owned and franchise operations. Questions: 1.  According to the video, how much do consumers pay for Weight Watcher products? Discuss whether you… Read more »

Bank of America and Loan Modifications

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  Many Americans have applied for the federal government’s loan modification program, meant to keep them in their homes. Instead, less than a quarter of those who signed up have gotten any help. The banks are being sued by several states and consumer class action lawsuits for their failure to follow through. If you research… Read more »

What is the cost of a bad hire?

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In this article, Goltz helps you understand the importance of a bad business decision, action or behavior, within the hiring process that can have long lasting monetary results. The hidden costs of a bad hire can result in increased recruitment costs, increased training costs, possible increases in the rate of unemployment taxes due to increased… Read more »

Intellectual Property Disputes

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The proper valuation and management of intellectual property is an area where accountants add value to their client services.  Often companies engage accountants and other financial experts to defend both plaintiffs and defendants in intellectual property (“IP”) disputes. As this video shows, similarity in names or trademarks can be at the heart of these disputes. … Read more »

Macro Sea: Urban Renewal and Greening Ideas

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David Belt, a successful developer and construction consultant and manager, is interested in urban renewal and the greening of America.  He created a stir when he created do-it –yourself swimming pools made from dumpsters.  In another project, Glassphemy, Belt and his team of architects endeavored to make recycling more exciting.  This project allowed participants to… Read more »

Bank of America CEO: Sorry no Raise.

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Bank of America Corp. is not giving its top executive a raise for 2011, unlike some rivals in the financial services industry. Over the past year, the nation’s largest bank by assets saw its stock fall 11 percent. While President and CEO Brian Moynihan didn’t receive a raise in his base salary or any cash-settled… Read more »

BP and Dividends: What’s going on?

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BP’s decision to issue $1.25 billion in dividend payments rankled Gulf Coast residents Tuesday who saw it as another sign the company wants to move on even though many are still suffering from last year’s massive oil spill in the Gulf of Mexico. At issue is the fact that none of the 91,000 claims funneled… Read more »