Whatever happened to the 8 Hour Workday?

Posted by & filed under Accounting Careers.

Description: When Henry Ford and others brought in the eight-hour work day, it seemed like a great deal for workers. But many knowledge workers would be happy to see their day stop when eight hours had been clocked. Freelance writer Lizzie Wade offers an interesting perspective in such an environment, questioning if a knowledge worker… Read more »

Google Bank?

Posted by & filed under Accounting Careers, Marketing & Strategy.

Description: In last week’s Wiley Accounting Weekly Updates you would have seen a story on the new Apple credit card. This week it’s Google hitting the news, with its announcement that it will be moving into chequing accounts. Google is adopting a strategy of putting its banking partners up front in this venture, differentiating it… Read more »

Already?

Posted by & filed under Data security, Ethics.

Description: It’s already happening. Last week, Disney launched streaming service DisneyPlus; this week user accounts and passwords started showing up on hacker websites. Now that’s what I call efficiency! Unfortunately, it’s the type of efficiency that comes by exploiting system weaknesses. Professor Paul Rohmeyer, from the Stevens Institute of Technology in New Jersey, said he… Read more »

Streaming Disney

Posted by & filed under Marketing & Strategy.

Description: In terms of a library of content, it probably makes great sense for Disney to have opened its own streaming service this week. It has already been a big hit, with millions of subscribers already signing on for the fee of $7 per month. Disney has already hit 10 million subscribers, a target some… Read more »

Beware Zombie Debt

Posted by & filed under Accounting Principles.

Description: If you slip up, you could become a victim of zombie debt. What? Some debt is subject to a statute of limitations, meaning you can’t be taken to court to force payment after a certain period of time has passed. But if you acknowledge this debt after this period has passed, perhaps by responding… Read more »

Is the Apple Credit Card Sexist?

Posted by & filed under eCommerce, Financial Reporting and Analysis.

Description: Is the new Apple credit card sexist? Apple co-founder Steve Wozniak thinks so. Though he shares bank accounts with his wife, Woz said he was given ten times the credit limit she was. Some have claimed that the new card is exhibiting gender bias by granting higher levels of credit to males. Goldman Sachs,… Read more »

Hidden in Tax Expenditures

Posted by & filed under Accounting Principles, Canadian governments.

Description: If a government plans to spend money through grants or other expenditures, it is normally clearly disclosed as part of the budget process. But there is another class of “hidden” expenditures known as tax expenditures, a combination of various measures that don’t show up in the financial statements. This week the New Brunswick government… Read more »

SEC Investigating Under Armour’s Accounting

Posted by & filed under Financial Reporting and Analysis.

Description: Clothing company Under Armour has admitted it is under investigation by the Securities and Exchange Commission (SEC). The investigation has been ongoing since 2017. Speculation is that the investigation may be looking at revenue recognition issues. Date:  November 4, 2019 Source:  baltimoresun.com Link: https://www.baltimoresun.com/business/bs-bz-under-armour-invetigation-five-things-20191105-3a7dwxt3ujgabbitgq7rcjxwhu-story.html Discussion points:  1) Are you a user of Under Armour’s… Read more »

The Colonel Opts for Bamboo

Posted by & filed under Marketing & Strategy.

Description: Going for an environmentally friendly move, Kentucky Fried Chicken (KFC) is experimenting with a bamboo container for its poutine. If the trial is successful, the Colonel plans to go “all in” on bamboo, using it for its famous chicken. Bamboo is a bit more expensive than the traditional plastic-coated paper packaging, but it is… Read more »

Google Buys Fitbit

Posted by & filed under Financial Accounting, Marketing & Strategy.

Description: Google’s parent company has purchased Fitbit for approximately $2.1 billion. This puts Google back into the wearables game as it squares off with Apple. Rumours of the purchase drove Fitbit shares up over 40% in the days preceding the sale, making it a nice week for Fitbit shareholders. Date:  October 28, 2019 Source:  cbc.ca… Read more »