Posts Tagged: Supreme Court case

Who will decide the fate of the CFPB?

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

Today, according to VOX, the Supreme Court announced that it will hear a lawsuit challenging the leadership structure of the Consumer Financial Protection Bureau (CFPB). Questions: According to the article, who championed the establishment of the CFPB? In general, who leads most federal agencies and who leads most independent agencies by contrast? How is the… Read more »

A Change in the Collection of Sales Tax

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

According to Slate, the Supreme Court dragged a bit of American tax law into the 21st century when they ruled that states could force all online retailers to collect sales taxes, even if they lack a physical presence there. Questions: 1. Do you think the ruling will change buying habits? Explain. 2. What case was… Read more »

Arbitration Lurks in the Fine Print

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

In this article, the New York Times found that arbitration rules tend to favor businesses, and judges and juries have been replaced by arbitrators who commonly consider the companies to be their clients. According to the authors, this has created an alternative justice system with conflicts of interest. Questions: 1. What types of claims are… Read more »

Should After-Work Screenings be Part of the Payroll?

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

The nation’s retailers are paying close attention to the hotly contested issue before the Supreme Court this week. On Wednesday, the justices will determine whether security checks and the related waiting time should be part of an employee’s regular, compensable workday. Questions: 1. As part of the opposition of compensation for antitheft checks, retailers’ groups… Read more »