Publications

January 2013 (Revised February 2013)
Case

Goldman Sachs: Stay with Fair Value Accounting? (A)

By: David F. Hawkins and Aldo Sesia

Keywords: Fair Value Accounting; Financial Services Industry

February 2004 (Revised July 2004)
Background Note

Retiree Benefit Note Analysis

By: David F. Hawkins

Walks the reader through the retiree benefit note disclosures required by SFAS 132, which were revised in 2003. View Details

Keywords: Retirement; Accounting; Standards; Compensation and Benefits

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April 2004 (Revised April 2011)
Case

Enron Corporation: May 6, 2001 Sell Recommendation

By: David F. Hawkins and Jacob Cohen

A consulting firm to institutional investors recommends selling Enron Corp.'s equity short on May 6, 2001, while many sellside analysts are recommending the stock as a "buy." View Details

Keywords: Judgments; Financial Reporting; Investment; Competency and Skills; Financial Statements; Consulting Industry

27 May 2009
First Look

First Look: May 27, 2009

events associated with the adoption of International Financial Reporting Standards (IFRS) in Europe. European IFRS adoption represented a major milestone towards financial... View Details

Keywords: Martha Lagace

01 Oct 2002
News

Sam Hayes

Another crucial step would be to ensure that public accounting firms once again become bona fide watchdogs. Too often, lucrative consulting contracts have caused accounting firms to relax their auditing... View Details

Keywords: Garry Emmons

16 Sep 2015
Op-Ed

The Real Duty of the Board of Directors

interests of the corporation itself. As one of us responded in a recent interview with John Authers of the Financial Times, “The shareholders don’t actually own the corporation. They own shares in the corporation. The corporation owns... View Details

Keywords: by Robert G. Eccles & Tim Youmans

December 1985 (Revised July 1993)
Case

Scovill, Inc.: NuTone Housing Group

Describes a conflict between the corporate controller and a division president about labor standards, which the division purposefully overstates to protect its margins. Illustrates the multiple roles of standards, and the roles of controllers and line management in... View Details

Keywords: Accounting; Standards; Management Teams; Conflict and Resolution

01 Aug 2001
News

William F. Connell (MBA '63)

to make them feel like owners. Connell also maintains a tight system of quarterly operations reviews and monthly financial reports, making frequent visits to plants and customers. In an ongoing commitment to the highest View Details

Keywords: Alumni Achievement Award; William F. Connell (MBA 1963); James O.Dunn; Manufacturing

June 1993 (Revised April 1996)
Teaching Note

Statements of Cash Flows: Three Examples TN

By: William J. Bruns Jr. and Julie H. Hertenstein

Teaching Note for (9-193-103). View Details

Keywords: Cash Flow; Financial Statements

July 1992 (Revised December 1992)
Background Note

Understanding the Statement of Cash Flows

Describes the purpose, preparation, and uses of the statement of cash flows. Intended as an introduction to the statement. Illustrates and explains the differences and similarities between direct cash flow statements, indirect cash flow statements, and funds flow... View Details

Keywords: Cash Flow; Financial Statements

June 1992 (Revised June 1993)
Case

Crystal Meadows of Tahoe, Inc.

By: William J. Bruns Jr.

An introductory case in cash flow analysis and the preparation of statements of cash flows. Based on the 1991 income statement and balance sheet at a ski resort company, the case provides additional information which allows a student to prepare both a direct and an... View Details

Keywords: Cash Flow; Financial Statements

29 Jan 2019
First Look

New Research and Ideas, January 29, 2019

which could falsely create the appearance that readmission rates are changing more in the treatment than in the control group. Accounting for the revised standards reduced the decline in risk-adjusted... View Details

Keywords: Dina Gerdeman

01 Jun 2010
Sharpening Your Skills

Sharpening Your Skills: Social Reporting

to investors and other stakeholders during a financial crisis? How do I drive CSR through my organization? What's The Best Way To Report Nonfinancial Metrics? One Report: Better Strategy through Integrated Reporting Stakeholders expect... View Details

Keywords: by Staff

October–November 2019
Article

A New Perspective on Post-Earnings-Announcement-Drift: Using a Relative Drift Measure

By: Michael Clement, Joonho Lee and Kevin Ow Yong

Prior research finds that there is a delayed reaction to both analyst-based earnings surprises and random-walk-based earnings surprises. Focusing on the market reaction from the post-announcement window, prior studies show that analyst-based drift is larger than random... View Details

Keywords: Business Earnings; Financial Reporting; Market Timing; Behavioral Finance

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October 2002 (Revised March 2004)
Case

Management Earnings Disclosure and Pro Forma Reporting

Introduces a discussion of management earnings disclosure and the growing use of pro forma reporting by corporations. Highlights the background of pro forma reporting, how it has been used in the past couple of years, and what the regulators at the capital markets... View Details

Keywords: Business Earnings; Corporate Disclosure; Financial Reporting; Management Teams