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  • All HBS Web  (15,480)
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  • July–August 2023
  • Article

Accounting for Carbon Offsets

By: Robert S. Kaplan, Karthik Ramanna and Marc Roston
Markets for carbon trading function poorly, and many traded offsets do not actually perform as promised. Without robust protocols for monitoring offsets and in the absence of proper accounting mechanisms, market-based approaches to reducing atmospheric GHG will be... View Details
Keywords: Climate Change; Environmental Accounting; Environmental Regulation
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Kaplan, Robert S., Karthik Ramanna, and Marc Roston. "Accounting for Carbon Offsets." Harvard Business Review 101, no. 4 (July–August 2023): 126–137.
  • January 2022 (Revised March 2022)
  • Module Note

Analysis of Financial and Non-Financial Information for Forecasting Performance

By: Charles C.Y. Wang
This note describes the main themes and cases of a teaching module on the analysis of information from, and outside of, financial statements for forecasting firms’ future financial performance. The module’s pedagogical goal is to deepen students’ understanding of the... View Details
Keywords: Financial Reporting; Performance; Analysis; Valuation; Accounting; Finance
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Wang, Charles C.Y. "Analysis of Financial and Non-Financial Information for Forecasting Performance." Harvard Business School Module Note 122-071, January 2022. (Revised March 2022.)
  • October 2008 (Revised October 2009)
  • Case

New Century Financial Corporation

By: Krishna G. Palepu, Suraj Srinivasan and Aldo Sesia
After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11... View Details
Keywords: Accounting Audits; Financial Reporting; Business Model; Financial Crisis; Insolvency and Bankruptcy; Mortgages; Financial Services Industry; United States
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Palepu, Krishna G., Suraj Srinivasan, and Aldo Sesia. "New Century Financial Corporation." Harvard Business School Case 109-034, October 2008. (Revised October 2009.)
  • 1997
  • Chapter

Frontiers of Online Financial Services

By: R. Kalakota and F. Frei
Keywords: Internet and the Web; Finance; Financial Services Industry; Financial Services Industry
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Kalakota, R., and F. Frei. "Frontiers of Online Financial Services." Chap. 2 in Banking and Finance on the Internet, edited by M. Cronin, 19–74. New York: Van Nostrand Reinhold, 1997.
  • October 2004 (Revised January 2006)
  • Tutorial

Introduction to Responsibility Accounting Systems

By: David F. Hawkins, V.G. Narayanan, Jacob Cohen and Michele Jurgens
Responsibility accounting systems generate financial and related nonfinancial information about the actual and planned activities of a company's responsibility centers--organizational units headed by managers responsible for a unit's performance. The principal... View Details
Keywords: Business or Company Management; Cost Accounting; Governance Controls; Financial Reporting; Performance Evaluation; Budgets and Budgeting; Planning
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"Introduction to Responsibility Accounting Systems." Harvard Business School Tutorial 105-703, October 2004. (Revised January 2006.)
  • June 2014
  • Supplement

Financial Policy at Apple, 2013 (B)

By: Mihir Desai and Elizabeth A. Meyer
This case is meant to accompany Financial Policy at Apple, 2013 (A) and details the results of Apple's Q2 2013 earnings call. View Details
Keywords: Apple; Steve Jobs; Forecast; Forecasting; Forecasting And Prediction; Shareholder Activism; Share Repurchase; Dividends; Financial Ratios; Preferred Shares; Cash Distribution; Corporate Finance; Borrowing and Debt; Financial Management; Financial Strategy; Technology Industry; Consumer Products Industry; United States; Republic of Ireland
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Desai, Mihir, and Elizabeth A. Meyer. "Financial Policy at Apple, 2013 (B)." Harvard Business School Supplement 214-094, June 2014.
  • July – August 2008
  • Article

Reduce the Risk of Failed Financial Judgments

By: Robert G. Eccles Jr. and Edward J. Riedl
When crucial financial estimates rely on judgment, companies can minimize their risk by turning to appraisers, actuaries, and evaluators, whether internal, external, or a combination. View Details
Keywords: Financial Statements; Judgments; Financial Management; Risk Management
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Eccles, Robert G., Jr., and Edward J. Riedl. "Reduce the Risk of Failed Financial Judgments." HBS Centennial Issue Harvard Business Review 86, nos. 7/8 (July–August 2008).
  • 2025
  • Chapter

Employer-Based Short-Term Savings Accounts

By: Sarah Holmes Berk, John Beshears, Jay Garg, James J. Choi and David Laibson
We study the introduction of a choice architecture design intended to increase short-term savings among employees at five U.K. firms. Employees were offered the opportunity to opt into a payroll deduction program that auto-deposits funds from each paycheck into a... View Details
Keywords: Personal Finance; Compensation and Benefits; Well-being; Behavior; Investment Funds; Employees; United Kingdom
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Berk, Sarah Holmes, John Beshears, Jay Garg, James J. Choi, and David Laibson. "Employer-Based Short-Term Savings Accounts." Chap. 21 in The Elgar Companion to Consumer Behaviour and the Sustainable Development Goals, edited by Lucia A. Reisch and Cass R. Sunstein, 359–386. Cheltenham: Edward Elgar Publishing, 2025.
  • Teaching Interest

Overview

Professor Sikochi teaches the required first-year MBA course Financial Reporting and Control. He is also a guest instructor in the second-year MBA elective course Doing Business in Africa. View Details
Keywords: Financial Accounting; Financial Reporting; Control
  • 1995
  • Book

Cases in Financial Engineering: Applied Studies of Financial Innovation

By: Scott P. Mason, Robert C. Merton, André Perold and Peter Tufano
Keywords: Finance; Innovation and Invention; Cases
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Mason, Scott P., Robert C. Merton, André Perold, and Peter Tufano. Cases in Financial Engineering: Applied Studies of Financial Innovation. Englewood Cliffs: Prentice Hall, 1995.
  • Article

Financial Innovation and the Management and Regulation of Financial Institutions

By: Robert C. Merton
Keywords: Finance; Innovation and Invention; Management; Governing Rules, Regulations, and Reforms; Financial Institutions
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Merton, Robert C. "Financial Innovation and the Management and Regulation of Financial Institutions." Journal of Banking & Finance 19, nos. 3-4 (June 1995): 461–481.
  • July 1981 (Revised August 1982)
  • Background Note

Financial Evaluation of Proposed Investments

By: Robert H. Hayes
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Hayes, Robert H. "Financial Evaluation of Proposed Investments." Harvard Business School Background Note 682-002, July 1981. (Revised August 1982.)
  • September 1999 (Revised February 2000)
  • Case

Microsoft's Financial Reporting Strategy

Explores Microsoft's overall financial reporting strategy by examining the company's treatment of two accounting issues--software capitalization and revenue recognition. For both issues, the company selects accounting methods that are relatively conservative. Also... View Details
Keywords: Financial Reporting; Information Technology Industry
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Matsumoto, Dawn, and Robert Bowen. "Microsoft's Financial Reporting Strategy." Harvard Business School Case 100-027, September 1999. (Revised February 2000.)
  • May 2005 (Revised May 2006)
  • Background Note

Accounting for Asset-Backed Securitization

Introduces the basic concept of asset securitization and the accounting for these transactions. View Details
Keywords: Accounting; Investment
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Miller, Gregory S., and Jacob Cohen. "Accounting for Asset-Backed Securitization." Harvard Business School Background Note 105-077, May 2005. (Revised May 2006.)
  • Research Summary

Accountability in the World Bank

This research, now complete, examines the roles of civil society actors in advocating for greater accountability at the World Bank at three levels of decision-making: (1) the project level, (2) the policy level, and (3) the board governance level. The research finds... View Details
  • February 2006
  • Article

The New New Financial Thing: The Origins of Financial Innovations

By: Josh Lerner
Keywords: Finance; Innovation and Invention
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Lerner, Josh. "The New New Financial Thing: The Origins of Financial Innovations." Journal of Financial Economics 79, no. 2 (February 2006): 223–255. (Earlier version distributed as National Bureau of Economic Research Working Paper No. 10223 and Harvard Business School Negotiations Organizations and Markets Working Paper No. 04-20.)
  • November 1984 (Revised October 1986)
  • Case

Financial Corp. of America (B)

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Jones, E. Philip. "Financial Corp. of America (B)." Harvard Business School Case 285-021, November 1984. (Revised October 1986.)
  • August 1992 (Revised September 2004)
  • Background Note

Introduction to Financial Ratios and Financial Statement Analysis

By: William J. Bruns Jr.
Introduces and describes meaning and uses for financial ratios to assess profitability, activity, solvency and leverage, and returns to shareholders. View Details
Keywords: Financial Statements; Finance
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Bruns, William J., Jr. "Introduction to Financial Ratios and Financial Statement Analysis." Harvard Business School Background Note 193-029, August 1992. (Revised September 2004.)
  • September 1985
  • Background Note

Evolution of Consumer Financial Products

By: Dwight B. Crane
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Crane, Dwight B. "Evolution of Consumer Financial Products." Harvard Business School Background Note 286-016, September 1985.
  • 1972
  • Book

Financial Reporting Practices of Corporations

By: David Hawkins
Keywords: Finance; Reports; Practice; Business Ventures
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Hawkins, David. Financial Reporting Practices of Corporations. Homewood: Dow Jones-Irwin, 1972.
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