| HBS Case Collection
(Revised from original 2000 version)
By examining key criteria for recognizing a liability, this case explores liability recognition in straightforward situations and then examines the most difficult reporting issues in recording liabilities. These often arise when: 1) uncertainty arises about whether an obligation has been incurred; or 2) measuring the value of the obligation is difficult.
Keywords: Financial Reporting;
Problems and Challenges;
Healy, Paul M., and Preeti Choudhary. "Liability Reporting." Harvard Business School Background Note 101-016, November 2001. (Revised from original August 2000 version.)