Posts Tagged: Wage and Payroll Expenses

A Poor Recordkeeping System

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

The department’s inspector general of the Department of Veterans Affairs said Wednesday that a total overhaul of the record-keeping system at the VA could take years. Questions: 1. In the scathing report, what was the estimate of the number of veterans that had already died waiting for treatment and why weren’t they removed from the… Read more »

A Model of Innovation or Intimidation?

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

According to the New York Times, white-collar workers at Amazon are encouraged to tear apart one another’s ideas in meetings, toil long and late (emails arrive past midnight, followed by text messages asking why they were not answered), and held to standards that the company boasts are “unreasonably high.” The internal phone directory instructs colleagues… Read more »

What you are doing and how fast you are doing it?

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

A new generation of workplace technology is allowing white-collar jobs to be tracked, tweaked and managed in ways that were difficult even a few years ago. While the programs are meant to foster connections and sometimes increase productivity among employees who are geographically dispersed and often working from home, questions are piling up about the… Read more »

So the 20% charge is not a tip?

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

The restaurant, Per Se, must distribute $500,000 in compensation to current and former employees as ordered by the settlement struck with the New York Attorney General. The Manhattan eatery is notable for its $300-plus prix-fixe menus. Questions: 1. How did the restaurant violate New York labor law and how did they remedy this situation for… Read more »

Uber: Employees or Contractors?

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

The California Labor Commission has found that a driver for Uber in San Francisco is an employee of the company. Questions: 1. Why is this such a nightmare for Uber? 2. Discuss how this will change the company’s accounting system and business model if this ruling is upheld and the costs involved. 3. The article… Read more »

The Hidden Costs of Beautiful Nails

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

Manicures were once for special occasions only. Now they have become a staple for women across the economic spectrum. With more than 17,000 nail salons in the United States, there are about 2,000 nail salons in New York City alone. This New York Times research article looks at the dirty little secret of exploitation of… Read more »

Adjuncts with Ph.D.s are now Rising in the Ranks with the Working Poor

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

Are academics actually resorting to government aid? According to the article by Jeremy Weissman, 25% of part-time college faculty are on government aid. Questions: 1. According to NBC News, how many part-time faculty are on public assistance? 2. What programs do these include? 3. According to the article, what are the three things that need… Read more »

How would you like a Big Raise?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, Auditing, Cost Accounting, Financial Accounting, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

Dan Price, the founder of Gravity Systems—a credit card processing company based in Washington—shocked his employees by raising the minimum wage to $70,000 over the next three years. Questions: 1. What percentage raise will that be based on the average wage now? 2. Where did Dan get the idea? 3. Do you think that his… Read more »

Fraud at Florida-based adult entertainment businesses

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

Paul Anthony Ruggieri, accountant, pleaded guilty Friday to assisting in the tax fraud scheme of Anthony Andreozzi, the owner of two Florida-based adult entertainment businesses. Questions: 1. Based on the information in the article, how long had Mr. Ruggieri been Andreozzi’s accountant? Go to the Certified Fraud Examiner’s website and compare this amount of time… Read more »