Can you Alter what the Internet says about you? Ask UC – Davis.

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

To improve the reputation of the University of California, Davis, and its Chancellor, Linda P.B. Katehi, after the November 2011 pepper spraying of students, the university contracted with consultants for at least $175,000 to scrub negative online Internet postings about the incident. Questions: 1. Explain what percentage the strategic communications budget increased by from 2009… Read more »

Fantasy Accounting?

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According to the New York Times, a recent study shows that 90 percent of companies in the Standard & Poor’s 500-stock index reported non-GAAP results last year, which is up from 72 percent in 2009. Questions: 1. Do you think investors truly understand the consequences of this? 2. Which one of the tactics used do… Read more »

Sick Leave? How does it hurt business?

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Many people go to work even when they are sick. But should this happen in the restaurant industry? As Chipotle found out outbreaks of norovirus, E. coli and salmonella can devastate business. This article discusses the lack of sick leave in the restaurant business and how food workers are the source of about 70% of… Read more »

Is a new retirement savings plan part of your future?

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If you make a list of the most hated words or phrases in politics today, “employer mandate” has to be in the top 10. However, in this era of retirement security crisis, mandatory retirement savings program is gaining more support in Washington. Questions: 1. Who are pushing the idea politically? 2. Why will the Congress… Read more »

A New Concept

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Because of a scramble to locate baby food at night, Robert Ilijason decided to open Sweden’s first unstaffed convenience store. The 39-year old IT specialist now owns a 24-hour convenience store that has no cashier. Questions: 1. How do the customers pay for their purchases? 2. How is the store monitored? What types of controls… Read more »

Meaningless? Exagerating Customer Savings?

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Just as traditional retailers are faltering, so are list prices. This article exposes some of the secrets regarding list prices and online sellers. Questions: 1. Discuss the question in the article and what it means for you personally? “If everyone is getting a deal, is anyone really getting a deal?” 2. Explain the case against… Read more »

Lock Down that Debit Card

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Have you ever lost or misplaced your debit card? Now some banks are offering a simple app for your cellphone that will allow you to protect bank accounts quickly while you figures out whether you lost or misplaced your card. Questions: 1. How does Bank of America’s version of the debit card lock work? 2…. Read more »

Lack Luster Gold

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According to Ms. Pattanaik, GOLD is not the safe haven that it once was. In fact, she concludes that gold may only come back as a safe haven if the markets face even grimmer news than that of recent times. Questions: 1. According to the author, what are the reasons why investor panic is not… Read more »

Her Majesty’s Revenue and Customs said it enforces tax rules impartially—regardless of a company’s size.

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Google has agreed to pay 130 million pounds (or about $185 million) in a tax settlement to U.K. authorities, where the British Labour Party criticizes the government’s handling of the case and the normal use of corporate tax strategy workarounds. Questions: 1. How far back in time does the settlement go to cover back taxes?… Read more »

Weird Thought Experiment

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As Powerball mania and the promise of $1.6 Billion swept the airways, Andy Kiersz came up with his own idea on how to win. Unfortunately, it would require 189,000 people filling out all the possible Powerball combinations on those annoying scantrons, working 10 hours a day at a rate of 50 tickets per hour. Questions:… Read more »