Cyclic Component of the Labor Force Participation Rate

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

According to Bloomberg, U.S. central bankers seem to feel that when it comes to employment, they’ve done about as much as they can. As a result, the Federal Reserve’s Monetary Policy Report (released last week) concluded that the labor market was “at or a little beyond full employment.” Questions: 1. If you boil the whole… Read more »

An Expose on Financial Mismanagement – Casino Money Monte?

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In this extended article, the Washington Post looks at “opportunity gamed away” in Tunica County, Mississippi. The article highlights the sad fact that “somebody born today in Mississippi, Alabama, Louisiana, Georgia or South Carolina is far more likely than someone born elsewhere in the United States to attend a poorer school, drop out before high… Read more »

Good News for the Class of 2015!

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According to the Washington Post, the New York Federal Reserve found that the demand for college-educated workers has picked up over the past year after flatlining in 2013. Additionally, it has risen more than 10 percent in the first few months of this year. Questions: 1. How many people were unemployed at the peak of… Read more »

Austerity Brings about Desperate Times and Desperate Acts

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.

Two penniless Spanish men chopped off their own hands and tried to claim the insurance payout as accidents. Unfortunately for them, both have been exposed as fraudsters because they performed the amputations too well to be accidents. Both cases come amid a steep rise in the number of false insurance claims that have been revealed… Read more »