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  • March 2009 (Revised February 2011)
  • Background Note

Note: Fair Value Accounting for Investments in Debt Securities

By: William E. Fruhan
The note describes how fair value accounting applies to debt securities that are classified by financial institutions as (1) "trading" securities, (2) "available for sale" securities, or (3) "hold to maturity" securities. It explains the hierarchy for inputs used in... View Details
Keywords: Fair Value Accounting; Financial Reporting; Assets; Debt Securities; Investment
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Fruhan, William E. "Note: Fair Value Accounting for Investments in Debt Securities." Harvard Business School Background Note 209-134, March 2009. (Revised February 2011.)
  • July 2020 (Revised September 2020)
  • Exercise

Accounting for Liabilities at Tesla

By: Paul Healy and Marshal Herrmann
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Healy, Paul, and Marshal Herrmann. "Accounting for Liabilities at Tesla." Harvard Business School Exercise 121-010, July 2020. (Revised September 2020.)
  • May 1992 (Revised January 2000)
  • Supplement

ABB: Accountability Times Two (B)

By: Robert L. Simons
Describes internal allocation conflicts in a complex global company structured as a matrix organization. ABB Switzerland has secured and will build an important power station project; however, internal market allocation policies dictate that this work be handled by ABB... View Details
Keywords: Multinational Firms and Management; Conflict Management; Complexity; Sweden; Switzerland
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Simons, Robert L. "ABB: Accountability Times Two (B)." Harvard Business School Supplement 192-142, May 1992. (Revised January 2000.)
  • October 1994
  • Teaching Note

Accounting for Productivity Growth TN

By: Forest L. Reinhardt
Teaching Note for (9-794-051). View Details
Keywords: United States; Singapore
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Reinhardt, Forest L. "Accounting for Productivity Growth TN." Harvard Business School Teaching Note 795-038, October 1994.
  • March 2025
  • Article

Limited Accountability and Awareness of Corporate Emissions Target Outcomes

By: Xiaoyan Jiang, Shawn Kim and Shirley Lu
Firms are increasingly announcing targets to reduce their carbon emissions, but it is unclear whether firms are held accountable for these targets. Here we examine emissions targets that ended in 2020 to investigate the final target outcomes, the transparency of target... View Details
Keywords: Carbon Emissions; Goals and Objectives; Corporate Social Responsibility and Impact; Corporate Accountability; Environmental Sustainability; Public Opinion
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Jiang, Xiaoyan, Shawn Kim, and Shirley Lu. "Limited Accountability and Awareness of Corporate Emissions Target Outcomes." Nature Climate Change 15, no. 3 (March 2025): 279–286.
  • August 1996
  • Case

International Oil: Confirmation of Accounts Receivable

By: David F. Hawkins
Keywords: Accounting; Energy Industry
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Hawkins, David F. "International Oil: Confirmation of Accounts Receivable." Harvard Business School Case 197-008, August 1996.
  • May 1997
  • Article

New International Lease Accounting Standard Proposed

By: David F. Hawkins
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Hawkins, David F. "New International Lease Accounting Standard Proposed." Accounting Bulletin, no. 52 (May 1997).
  • February 1998
  • Article

New International Lease Accounting Standard Explained

By: David F. Hawkins
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Hawkins, David F. "New International Lease Accounting Standard Explained." Accounting Bulletin, no. 59 (February 1998).
  • August 2005 (Revised December 2008)
  • Teaching Note

The U.S. Current Account Deficit (TN)

By: Laura Alfaro, Rafael M. Di Tella, Ingrid Vogel and Renee Kim
Teaching Note to (9-706-002). View Details
Keywords: United States
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Alfaro, Laura, Rafael M. Di Tella, Ingrid Vogel, and Renee Kim. "The U.S. Current Account Deficit (TN)." Harvard Business School Teaching Note 706-008, August 2005. (Revised December 2008.)
  • Article

Management Accounting in Advanced Technological Environments

By: Robert S. Kaplan
Keywords: Management; Accounting; Technology
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Kaplan, Robert S. "Management Accounting in Advanced Technological Environments." Science 245, no. 4920 (August 25, 1989): 819–823.
  • 1987
  • Book

Accounting and Management: Field Study Perspectives

By: Robert S. Kaplan and William J. Bruns
Keywords: Accounting; Management; Perspective
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Kaplan, Robert S. and William J. Bruns, eds. Accounting and Management: Field Study Perspectives. Boston: Harvard Business School Press, 1987.
  • May 1993
  • Teaching Note

Museum Accounting Methods Controversy TN, The

By: Regina E. Herzlinger
Keywords: Accounting; Problems and Challenges; Arts; Fine Arts Industry
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Herzlinger, Regina E. "Museum Accounting Methods Controversy TN, The." Harvard Business School Teaching Note 193-124, May 1993.
  • 1999
  • Book

Accounting for Managers: Text and Cases

By: W. J. Bruns Jr.
Keywords: Accounting; Management; Cases
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Bruns, W. J., Jr. Accounting for Managers: Text and Cases. 2nd ed. Cincinnati, OH: South-Western College Publishing, 1999.
  • August 2017 (Revised November 2017)
  • Case

Accounting for Political Risk at AES

By: Gerardo Pérez Cavazos and Suraj Srinivasan
As a global energy generating company, AES frequently faces challenges from political changes and instability. This is exacerbated by the fact that in many instances AES' primary customer is the government, which is also in charge of law-making. For example, AES'... View Details
Keywords: Political Risk; Asset Impairment; Risk Factors; Fair Value; Fair Value Accounting; Financial Reporting; Financial Statements; Energy Industry; Bulgaria; Dominican Republic; United States; Venezuela
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Pérez Cavazos, Gerardo, and Suraj Srinivasan. "Accounting for Political Risk at AES." Harvard Business School Case 118-023, August 2017. (Revised November 2017.)
  • Spring 2013
  • Article

Accounting Quality, Stock Price Delay, and Future Stock Returns

By: Jeffrey Callen, Mozaffar N. Khan and Hai Lu
In frictionless capital markets with complete information and rational investors, stock prices adjust to new information instantaneously and completely. However, a substantial body of research studies information imperfections such as asymmetric information and... View Details
Keywords: Quality; Price; Stocks; Asset Pricing; Accounting
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Callen, Jeffrey, Mozaffar N. Khan, and Hai Lu. "Accounting Quality, Stock Price Delay, and Future Stock Returns." Contemporary Accounting Research 30, no. 1 (Spring 2013): 269–295.
  • November 1988 (Revised January 1989)
  • Background Note

Note on Tax and Accounting Issues in Mergers and Acquisitions

Presents a simplified introduction to tax and accounting issues relevant to mergers and acquisitions. Mergers, asset purchase, and stock acquisition are dealt with in the context of taxable vs. non-taxable transactions. Accounting treatment of the transactions is... View Details
Keywords: Taxation; Mergers and Acquisitions; Accounting
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Meerschwam, David M. "Note on Tax and Accounting Issues in Mergers and Acquisitions." Harvard Business School Background Note 189-104, November 1988. (Revised January 1989.)
  • August 2011
  • Teaching Note

Subprime Crisis and Fair-Value Accounting (TN)

By: Paul Healy, Krishna G. Palepu and George Serafeim
Teaching Note for 109-031. View Details
Keywords: Fair Value Accounting; Mortgages; Standards; Financial Crisis
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Healy, Paul, Krishna G. Palepu, and George Serafeim. "Subprime Crisis and Fair-Value Accounting (TN)." Harvard Business School Teaching Note 112-027, August 2011.
  • 2021
  • Working Paper

Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer

By: Akash Chattopadhyay, Matthew R. Lyle and Charles C.Y. Wang
We outline a framework in which accounting “valuation anchors" could be connected to expected stock returns. Under two general conditions, expected log returns is a log-linear function of a valuation (market value-to-accounting) multiple and the expected growth in the... View Details
Keywords: Expected Returns; Present Value; Investment Return; Accounting; Valuation; Information; Framework
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Chattopadhyay, Akash, Matthew R. Lyle, and Charles C.Y. Wang. "Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer." Harvard Business School Working Paper, No. 21-081, January 2021.
  • Other Article

What Do We Know About Variance in Accounting Profitability?

By: Anita M. McGahan and Michael E. Porter
In this paper, we analyze the variance of accounting profitability among a broad cross-section of firms in the American economy from 1981 to 1994. The purpose of the analysis is to identify the importance of year, industry, corporate-parent, and business-specific... View Details
Keywords: Strategy; United States
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McGahan, Anita M., and Michael E. Porter. "What Do We Know About Variance in Accounting Profitability?" Management Science 48, no. 7 (July 2002): 834–851.
  • March 2008 (Revised January 2010)
  • Background Note

Note on Accountability in the U.S. Health Care System

By: Regina E. Herzlinger and Michael Millenson
This note explains how health care providers, health insurers, and consumers are held accountable for their performance and the entrepreneurial opportunities thus created. View Details
Keywords: Entrepreneurship; Ethics; Insurance; Corporate Accountability; Health Care and Treatment; Demand and Consumers; Health Industry; United States
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Herzlinger, Regina E., and Michael Millenson. "Note on Accountability in the U.S. Health Care System." Harvard Business School Background Note 308-111, March 2008. (Revised January 2010.)
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