A Failed Deal and its Irreversible Consequences

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

According to the New Yorker, Wisconsin won’t see Foxconn’s first U.S. manufacturing facility and the prospect of significant prosperity that stirred the hopes of a region still with dreams of clawing back the middle-class factory jobs from the middle of the twentieth century. Questions: 1. How long ago was the deal signed? 2. What were… Read more »

The Fastest Growing Retailer in America: Where Wal-Mart Will Not Tread!

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

According to this article, Dollar General, the fastest-growing retailer in America, is blasting across Middle America opening stores at the rate of three a day in failing towns that Wal-Mart won’t go to. Questions: 1. What is the claim that Dollar General makes about its stores and the population that surround them? 2. What are… Read more »

A deeply ill-conceived way to address student debt?

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

Members of Congress have introduced bipartisan bills that would give a tax break to the growing number of companies that offer to help pay off their employees’ student loans. Questions: 1. What are the reasons that the article presents for this idea as being a deeply ill-conceived way to address student debt? Do you agree… Read more »

The New Surge in Corporate Migrants: Is there an End?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Ethical Dilemma, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

The federal government gave Johnson Controls a bailout in 2008 to avoid certain bankruptcy, along with its customers, the large automakers – General Motors and Chrysler. This week, Johnson Controls renounced its United States corporate citizenship by selling itself to Tyco International, based in Ireland. This deal was struck, in large part, to reduce an… Read more »

Tax breaks disappearing in 2014

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

Unless Congress extends the tax deductions that are set to expire at the end of 2013, credits and deductions benefiting everyone from teachers and students to homeowners are scheduled to expire. Questions: 1. Which of these eight deductions will affect you personally? 2. Which of these eight deductions will affect your parents and other family… Read more »