The Akron chapter of the Institute of Management Accountants (IMA) is sponsoring a webinar on white-collar crime – “Low Man on the Totem Pole – How I Became a White-Collar Criminal.” The webinar is on Wednesday, October 19, 2022, from 6:30 – 8 pm Eastern. Registration is at this link. I cannot emphasize enough what […]
Continue reading
Tag Archives: ethics
What could a Logitech staff accountant have done if he/she knew that the CFO and controller failed to write down the discontinued Revue parts inventory?
May 25, 2017 
0 Comments
In the fourth quarter of 2010, Logitech International released the Revue, a TV set-top box designed to integrate cable/satellite TV with internet content. The Revue Google search bar would be able to find any desired content from any provider and project that content to the TV screen. The Revue was manufactured by contract manufacturers, not […]
Continue readingWhen LoanMax loans cash to individuals with a 25% monthly interest rate, does it have a receivable or a payable AND is it an ethical practice?
September 20, 2016 0 Comments
Car title lenders are considered to be predatory lenders, since they charge high rates of interest to those individuals who can least afford it. Various laws in recent years have attempted to curb the high interest rates and these practices. Car title lenders still operate and some would argue that they fill a need in […]
Continue readingWhat contributed to the increase in Caterpillar’s earnings per share in 2014?
October 1, 2015 0 Comments
Note: This article is a special guest post written by Dr. John Dexter, Jr., CPA, CGMA, Associate Professor, Edinboro University, jdexter@edinboro.edu. Thanks, John, for the contribution! In its Form 10-K for the year ended December 31, 2014, Caterpillar Inc. (CAT) reported diluted earnings per share (EPS) of $5.88, an increase of $0.13 from the prior […]
Continue readingWhat internal control weakness at Netflix allowed its former VP of IT operations to allegedly receive kickbacks from technology firms?
February 17, 2015 1 Comment
In November 24, 2014, Netflix filed a lawsuit against its former vice president of IT operations, Mike Kail, alleging fraud, breach of fiduciary duties, and other charges. Here is an excerpt from the lawsuit filing in Superior Court of the State of California, Santa Clara County:. “…During his tenure at Netflix, including as Netflix’s Vice […]
Continue readingHow does the SEC allege that Diamond Foods fraudulently increased earnings?
February 19, 2014 0 Comments
Diamond Foods produces and markets Emerald snack nuts, PopSecret popcorn, and several other snack brands. The Securities and Exchange Commission (SEC) recently charged Diamond and two of the company’s former executives (the CEO and the CFO) with misleading investors by fraudulently manipulating income (see “Diamond Foods to Pay $5 Million to Settle SEC Fraud Charges,” […]
Continue readingWhat is the gross margin on the Apple iPhone 5S and 5C?
October 29, 2013 1 Comment
According to the GottaBe Mobile website in September 2013, the Apple iPhone 5S with 16 GB memory sells off-contract for $649, while the iPhone 5C with 16 GB memory sells off-contract for $549. The same phones with 32 GB memory sell off-contract for $749 and $649. According to Bloomberg Businessweek and IHS iSuppli, the iPhone […]
Continue readingWhat are the costs and ethics involved in a recall of surge protectors?
October 22, 2013 0 Comments
In October 2013, Schneider Electric recalled 15 million of its SurgeArrest surge protectors. The models recalled were the series APC 7 and APC 8 (manufactured before 2003.) The company warned at that time that the surge protectors could overheat, smoke, and start a fire. These surge protectors were manufactured before 2003; between the date of […]
Continue reading
Accounting in the Headlines 