Flight of the Bumble Bee

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

According to the Associated Press, U.S. prosecutors filed a criminal charge against the CEO of Bumble Bee Foods as part of an ongoing investigation into price fixing in the packaged seafood industry. Questions: 1. During what period did the firm allegedly conspire with others in the industry to eliminate competition by setting prices for canned… Read more »

Innovation, Price Fixing, or Rotten Apples?

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

Recently, a federal appeals court upheld a ruling whereby Apple was determined to be the leader of an industrywide conspiracy among book publishers. Their goal was to raise prices of digital books. Questions: 1. When was the original case brought? 2. What were the damaging words in the case and who are these attributed to?… Read more »