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 »

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 »

Most entrepreneurial cities

Posted by & filed under Accounting Careers, Financial Reporting and Analysis.

Description:  It’s not Toronto, or Vancouver. I’m afraid to tell you that those two don’t even make the top ten list. No, according to the Canadian Federation of Independent Business (CFIB), Canada’s most entrepreneurial city is Whitehorse, closely followed by Winkler, Manitoba. There appears to be no one single factor that trumps all others in… Read more »

I guess people were paying less . . .

Posted by & filed under Financial Reporting and Analysis.

Description:   With too much debt and too much inventory, Payless Shoes will be seeking bankruptcy protection. All of its almost 250 stores in Canada will be shutting down. The company missed its February rent payments on most of those stores, signalling bad news for employees and landlords. One has to wonder if online sales may… Read more »

Hackett’s message ignored

Posted by & filed under Financial Reporting and Analysis.

Description:  Jim Hackett, CEO of the Ford Motor Corporation, is trying to get Wall Street to listen. Hackett wants analysts to consider his “thoughtful” approach to moving the car maker forward, rather than concentrating so much on the fact that Ford missed its target for Earnings per Share with its 2018 results. The appeal does… Read more »

Blackberry turns from red to black

Posted by & filed under Corporate Strategy, Financial Reporting and Analysis.

Description: Once one of the top handset phone makers in the world, Blackberry has been on steady financial decline since the introduction of the iPhone and various Android smartphones. But Blackberry is bouncing from red ink to black, with the latest quarterly results showing a profit of approximately $19 million. The profit signals possible success… Read more »