David F. Hawkins

Lovett-Learned Professor of Business Administration

Professor Hawkins teaches the first-year MBA course, Financial Reporting and Control. He has written numerous articles and books including Corporate Financial Reporting and Analysis: Text and Cases, Financial Reporting Pra ctices of Corporations, Equity Valuation: Models, Analysis and Implications (with Walter Campbell), The Effectiveness of the Annual Report as a Communication Vehicle (with Barbara A. Hawkins), Rating Industrial Bonds (with Walter Campbell and Barbara A. Brown). Professor Hawkins' articles have received numerous awards including the Financial Analysts' Journal's Graham & Dodd Scroll, the Business History Review's Newcomen Society Award, and the California Management Review's McKinsey Award. In his role as Accounting Consultant to Merrill Lynch, in 1990 Professor Hawkins was named number one on the Institutional Investor's All American Research Team in the accounting category. (He was an annual team member from 1976 to 2003).

Professor Hawkins was educated at Harvard University (BA 1956, MBA 1958, and DBA 1962).

Books

Journal Articles

Cases and Teaching Materials

  1. Jiangxi Agribusiness: (TN)

    David F. Hawkins

    [TN for 114-039] Emily Wang, an analyst with Future Securities, a Shanghai-based investment firm, is given the task of making stock purchase recommendations to her supervisor from a number of Chinese common stocks. One stock in particular, Jiangxi Agribusiness (Jiangxi), caught Emily's attention as a likely purchase recommendation. Before making her recommendation decision, Emily felt she needed to look deeper into the company's operating performance and financial condition. To this end, Emily performed a financial ratio analysis comparison of Jiangxi's financial ratios to those of selected peer companies. Jiangxi's major revenue sources were aquatic products (fish, ducks) and beverages (lotus root juice, mineral water). Guided by these revenue sources, Emily selected the financial statements of four companies in the fishery industry and three companies in the food and beverage industry to perform a peer company comparative financial ratio analysis. The case reproduces the individual company financial ratios Emily computed for her comparative ratio analysis. The student's task is to use these ratios and whatever insights they can develop from the case data to assess Jiangxi's individual and comparative performance, financial condition, and quality of earnings. In addition, the case assignment asks students to suggest possible lines of inquiry Emily might pursue if given the opportunity to conduct field research. At the end of the class, students are asked to make a stock recommendation.

    Keywords: financial analysis; ratio analysis;

    Citation:

    Hawkins, David F. "Jiangxi Agribusiness: (TN)." Harvard Business School Teaching Note 114-041, April 2014. View Details
  2. Hubei Lantian (A)

    David F. Hawkins, Michael Shih-Ta Chen and Nancy Hua Dai

    Emily Wang, an analyst with Future Securities, a Shanghai-based investment firm, is given the task of making stock purchase recommendations to her supervisor from a number of Chinese common stocks. One stock in particular, Hubei Lantian Co., Ltd. (Hubei Lantian), caught Emily's attention as a likely purchase recommendation. Before making her recommendation decision, Emily felt she needed to look deeper into the company's operating performance and financial condition. To this end, Emily performed a financial ratio analysis comparison of Hubei Lantian's financial ratios to those of selected peer companies.
    Hubei Lantian's major revenue sources were aquatic products (fish, ducks) and beverages (lotus root juice, mineral water). Guided by these revenue sources, Emily selected the financial statements of four companies in the fishery industry and three companies in the food and beverage industry to perform a peer company comparative financial ratio analysis. The case reproduces the individual company financial ratios Emily computed for her comparative ratio analysis. The student's task is to use these ratios and whatever insights they can develop from the case data to assess Hubei Lantian's individual and comparative performance, financial condition, and quality of earnings. In addition, the case assignment asks students to suggest possible lines of inquiry Emily might pursue if given the opportunity to conduct field research. At the end of the class, students are asked to make a stock recommendation.

    Keywords: financial analysis; ratio analysis;

    Citation:

    Hawkins, David F., Michael Shih-Ta Chen, and Nancy Hua Dai. "Hubei Lantian (A)." Harvard Business School Case 113-118, May 2013. (Revised March 2014.) View Details
  3. Ribbons an' Bows, Inc.

    David F. Hawkins

    The basic concepts of accounting are explored while students prepare the financial statements for a retailer's first three months of business.

    Keywords: Basic Accounting Concepts; Fair Value; financial statements; Fair Value Accounting; Financial Statements; Retail Industry;

    Citation:

    Hawkins, David F. "Ribbons an' Bows, Inc. ." Harvard Business School Case 113-046, October 2012. View Details
  4. Dispensers of California, Inc.

    David A. Wilson and David Hawkins

    An investor seeking capital must prepare projected financial statements for a new business.

    Keywords: Financial Statement Preparation; Accounting Process; Forecasting and Prediction; Investment; Financial Statements; Business Startups; Capital; California;

    Citation:

    Wilson, David A., and David Hawkins. "Dispensers of California, Inc. ." Harvard Business School Case 113-047, October 2012. View Details
  5. Société Internationale de Plantations et de Finance (SIPEF)

    David Hawkins

    Management of a company with extensive palm oil tree plantations questions the usefulness to management and investors of IAS41's requirement to value palm oil trees at their fair value.

    Keywords: Financial Accounting; International Financial Reporting Standards; International Accounting Standards; Biological asset accounting; fair value accounting; IAS41; Historical cost; Equity Valuation; Financial ratios; Plant-Based Agribusiness; International Accounting; Valuation; Financial Reporting; Fair Value Accounting; Equity; Agriculture and Agribusiness Industry;

    Citation:

    Hawkins, David. "Société Internationale de Plantations et de Finance (SIPEF)." Harvard Business School Case 113-027, July 2012. (Revised February 2013.) View Details
  6. Sino-Forest (A)

    David F. Hawkins and David Lane

    Chinese company listed on the Toronto Stock Exchange is accused of fraud by a hedge fund.

    Keywords: Business Earnings; Crime and Corruption; Financial Markets; Investment Funds; Management Analysis, Tools, and Techniques; China;

    Citation:

    Hawkins, David F., and David Lane. "Sino-Forest (A)." Harvard Business School Case 112-004, September 2011. (Revised February 2013.) View Details
  7. Sino-Forest (B)

    David F. Hawkins

    Excerpts from a hedge fund's report accusing a Chinese bond company of using fraudulent financial statements.

    Keywords: Financial Statements; Crime and Corruption; Accounting Audits; Business Earnings; Financial Services Industry; China;

    Citation:

    Hawkins, David F. "Sino-Forest (B)." Harvard Business School Supplement 112-066, February 2012. (Revised December 2012.) View Details
  8. Earnings Per Share

    David F. Hawkins

    Discusses accounting rules for earnings per share measurement. The U.S. approach is described in detail and non-U.S. practices are briefly covered. A rewritten version of an earlier note.

    Keywords: Business Earnings; Stock Shares; Profit; Governing Rules, Regulations, and Reforms; Measurement and Metrics; United States;

    Citation:

    Hawkins, David F. "Earnings Per Share." Harvard Business School Background Note 100-015, December 1999. (Revised April 2012.) View Details
  9. National Electric Corporation

    David F. Hawkins and Norman Bartczak

    A company meets financial analysis year-end earnings per share estimates, which have been progressively lowered during the year.

    Keywords: Goals and Objectives; Quality; Business Earnings; Stock Shares; Analysis;

    Citation:

    Hawkins, David F., and Norman Bartczak. "National Electric Corporation." Harvard Business School Case 195-159, November 1994. (Revised April 2012.) View Details
  10. Cosmeticos de Espana, S.A. (A)

    David F. Hawkins

    Management must decide which exchange rate to use to consolidate the company's Venezuelan subsidiary.

    Keywords: Financial Statements; Business Subsidiaries; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela;

    Citation:

    Hawkins, David F. "Cosmeticos de Espana, S.A. (A)." Harvard Business School Case 111-019, August 2010. (Revised February 2012.) View Details
  11. Cosmeticos de Espana, S.A. (B)

    David F. Hawkins

    Second case in the Cosmeticos de Espana case series. What should management's accounting response be to a devaluation of the Bolivar?

    Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela;

    Citation:

    Hawkins, David F. "Cosmeticos de Espana, S.A. (B)." Harvard Business School Supplement 111-020, August 2010. (Revised February 2012.) View Details
  12. Cosmeticos de Espana, S.A. (D)

    David F. Hawkins

    The fourth case in the Cosmeticos de Espana case series. What should management's accounting response be to the imposition of foreign currency controls?

    Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Governance Controls; Beauty and Cosmetics Industry; Spain; Venezuela;

    Citation:

    Hawkins, David F. "Cosmeticos de Espana, S.A. (D)." Harvard Business School Supplement 111-030, August 2010. (Revised February 2012.) View Details
  13. Cosmeticos de Espana, S.A. (E)

    David F. Hawkins

    Spanish parent company must decide on the Euro/BsF exchange rate to translate its Venezuelan subsidiary's financial statements into Euros.

    Keywords: Financial Statements; Business Subsidiaries; Decision Choices and Conditions; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela;

    Citation:

    Hawkins, David F. "Cosmeticos de Espana, S.A. (E)." Harvard Business School Supplement 111-119, March 2011. (Revised February 2012.) View Details
  14. Oriflame S.A. (C)

    David F. Hawkins and Karol Misztal

    Notes from Oriflame's 2009 annual report relevant to the assessment of the monetary impact of Oriflame's FX risk management actions.

    Keywords: Financial Reporting; Financial Statements; International Accounting; Currency Exchange Rate; Annual Reports; Management Analysis, Tools, and Techniques; Risk Management; Standards; Beauty and Cosmetics Industry;

    Citation:

    Hawkins, David F., and Karol Misztal. "Oriflame S.A. (C)." Harvard Business School Supplement 111-052, November 2010. (Revised December 2011.) View Details
  15. Longtop Financial Technologies (C)

    David F. Hawkins, Annelena Lobb and Aldo Sesia

    Chinese government raises barriers to U.S. Public Company Accounting Oversight Board auditing Deloitte's Chinese auditing firms.

    Keywords: Accounting Audits; Business Ventures; Public Ownership; Government and Politics; Financial Services Industry; China;

    Citation:

    Hawkins, David F., Annelena Lobb, and Aldo Sesia. "Longtop Financial Technologies (C)." Harvard Business School Supplement 112-038, September 2011. (Revised November 2011.) View Details
  16. Oriflame S.A. (A)

    David F. Hawkins, Karol Misztal and Daniela Beyersdorfer

    A direct-selling cosmetics company involved in emerging markets exhibits significant foreign exchange risk exposure and profitability swings in the wake of the 2008 financial crisis. Students must review the company's use of derivative instruments and other hedging techniques to establish whether it pursues the right FX risk mitigation strategy.

    Keywords: Accounting; Financial Crisis; Currency Exchange Rate; Financial Strategy; Investment; Management Analysis, Tools, and Techniques; Risk Management; Emerging Markets; Beauty and Cosmetics Industry;

    Citation:

    Hawkins, David F., Karol Misztal, and Daniela Beyersdorfer. "Oriflame S.A. (A)." Harvard Business School Case 111-050, November 2010. (Revised October 2011.) View Details
  17. Caterpillar, Inc. (A)

    David F. Hawkins

    2010 Healthcare Reform Act eliminates Medicare Part D subsidy and Caterpillar recognizes a $100 million change.

    Keywords: Hardware; Governing Rules, Regulations, and Reforms; Employment; Cost vs Benefits; Forecasting and Prediction; Change Management; Asset Management; Financial Strategy; Activity Based Costing and Management; Business or Company Management; Technology Industry; Manufacturing Industry; United States;

    Citation:

    Hawkins, David F. "Caterpillar, Inc. (A)." Harvard Business School Case 111-031, January 2011. (Revised September 2011.) View Details
  18. Retiree Pension and Health Benefits

    David F. Hawkins

    Note on accounting for retiree pension and health benefits under IFRS and U.S. GAAP.

    Keywords: Financial Reporting; International Accounting; Health Care and Treatment; Compensation and Benefits; Standards; Retirement; United States;

    Citation:

    Hawkins, David F. "Retiree Pension and Health Benefits." Harvard Business School Background Note 111-033, August 2010. (Revised September 2011.) View Details
  19. Accounting for Catastrophes: BP PLC and Union Carbide Corporation (C)

    David F. Hawkins and Namrata Arora

    An analyst in 2010 is using the Bhopal catastrophe to illustrate proposed new accounting for contingency losses.

    Keywords: Accounting; Natural Disasters; Pollution and Pollutants;

    Citation:

    Hawkins, David F., and Namrata Arora. "Accounting for Catastrophes: BP PLC and Union Carbide Corporation (C)." Harvard Business School Supplement 111-075, February 2011. (Revised September 2011.) View Details
  20. Kanebo Ltd. (A)

    David F. Hawkins, Suraj Srinivasan, Akiko Kanno and Lizzie Gomez

    Speculation as to how Japanese companies might implement IFRS with particular emphasis on consolidation accounting.

    Keywords: History; Business Conglomerates; Misleading and Fraudulent Advertising; Consolidation; Financial Statements; International Finance; International Accounting; Standards; Goodwill Accounting; Manufacturing Industry; Japan;

    Citation:

    Hawkins, David F., Suraj Srinivasan, Akiko Kanno, and Lizzie Gomez. "Kanebo Ltd. (A)." Harvard Business School Case 111-037, December 2010. (Revised September 2011.) View Details
  21. Batson International, S.A. (A)

    David F. Hawkins

    Management seeking to make up a shortfall in interim period earnings is seeking an accounting solution to close the gap.

    Keywords: Earnings Management; Financial Reporting; International Accounting; Financial Management; Standards; United States;

    Citation:

    Hawkins, David F. "Batson International, S.A. (A)." Harvard Business School Case 111-023, August 2010. (Revised August 2011.) View Details
  22. Enman Oil, Inc. (A)

    David F. Hawkins

    Company pursues ways to reduce its debt-to-equity ratio by resorting to off-balance sheet debt transactions.

    Keywords: Financial Statements; Borrowing and Debt; Equity; Financial Condition; Financing and Loans; United States;

    Citation:

    Hawkins, David F. "Enman Oil, Inc. (A)." Harvard Business School Case 111-042, September 2010. (Revised August 2011.) View Details
  23. Kanebo Ltd. (C)

    David F. Hawkins, Suraj Srinivasan and Akiko Kanno

    The exposure of the Kanebo Ltd. fraud raises questions of Japan's preparedness to adopt International Financial Reporting Standards.

    Keywords: International Accounting; Standards; Financial Reporting; Crime and Corruption; Japan;

    Citation:

    Hawkins, David F., Suraj Srinivasan, and Akiko Kanno. "Kanebo Ltd. (C)." Harvard Business School Supplement 111-068, January 2011. (Revised August 2011.) View Details
  24. Australian Vintage Ltd.

    David F. Hawkins

    Following International Financial Reporting Standards guidance company records a number of significant losses and a related deferred tax asset.

    Keywords: Accounting; International Accounting; Financial Statements; Financial Reporting; Taxation; Business or Company Management; Asset Management; Assets; Financial Management; Standards; Australia;

    Citation:

    Hawkins, David F. "Australian Vintage Ltd." Harvard Business School Case 111-034, November 2010. (Revised August 2011.) View Details
  25. Perception and Readiness of Japanese Companies for IFRS Implementation: The Tokyo Stock Exchange Survey

    David F. Hawkins and Jin Yamamoto

    Tokyo Stock Exchange survey raises questions about Japan's readiness to adopt IFRS in 2016.

    Keywords: International Accounting; Adoption; Surveys; Japan;

    Citation:

    Hawkins, David F., and Jin Yamamoto. "Perception and Readiness of Japanese Companies for IFRS Implementation: The Tokyo Stock Exchange Survey." Harvard Business School Case 112-017, August 2011. View Details
  26. Kanebo Ltd. (B)

    David F. Hawkins, Suraj Srinivasan and Akiko Kanno

    Financial statements before and after restatement following revelation of fraud.

    Keywords: Cost Accounting; Financial Statements; Crime and Corruption; Business Conglomerates; Japan;

    Citation:

    Hawkins, David F., Suraj Srinivasan, and Akiko Kanno. "Kanebo Ltd. (B)." Harvard Business School Supplement 111-038, January 2011. (Revised August 2011.) View Details
  27. Accounting for Catastrophes: BP PLC and Union Carbide Corporation (B)

    David F. Hawkins and Aldo Sesia

    The BP Mexican Gulf Oil spill requires BP to recognize or at least disclose investor-relevant information.

    Keywords: Corporate Disclosure; Accounting; Natural Disasters; Pollution and Pollutants; Energy Sources; Energy Industry; Mining Industry; North America;

    Citation:

    Hawkins, David F., and Aldo Sesia. "Accounting for Catastrophes: BP PLC and Union Carbide Corporation (B)." Harvard Business School Supplement 111-074, February 2011. (Revised August 2011.) View Details
  28. Accounting for Loss Contingencies: FASB/IASB Proposals

    David F. Hawkins

    Technical note describing current FASB and IASB loss contingency standards and FASB and IASB proposals to change these standards.

    Keywords: Accounting;

    Citation:

    Hawkins, David F. "Accounting for Loss Contingencies: FASB/IASB Proposals." Harvard Business School Background Note 111-141, May 2011. (Revised August 2011.) View Details
  29. DoubleClick, Inc.: Additional Paid-in-Capital—Stock Options

    David F. Hawkins

    Income statement and balance sheet consequences of DoubleClick adoption of the fair value method to account for stock options.

    Keywords: Accounting; Stock Options;

    Citation:

    Hawkins, David F. "DoubleClick, Inc.: Additional Paid-in-Capital—Stock Options." Harvard Business School Supplement 111-064, December 2010. (Revised July 2011.) View Details
  30. Accounting for Catastrophes: BP PLC and Union Carbide Corporation (A)

    David F. Hawkins

    The IASB and FASB propose new contingency loss recognition, measurement, and disclosure rules (A case). The B and C cases apply these proposals to British Petroleum's Mexican Gulf oil spill and Union Carbide's Bhophal gas discharge.

    Keywords: Financial Reporting; International Accounting; Trade; International Finance; Standards; Strength and Weakness; Natural Disasters; Crisis Management; Governance Controls; Governing Rules, Regulations, and Reforms; Energy Industry; India;

    Citation:

    Hawkins, David F. "Accounting for Catastrophes: BP PLC and Union Carbide Corporation (A)." Harvard Business School Case 111-062, January 2011. (Revised July 2011.) View Details
  31. Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants

    David F. Hawkins

    Analyst questions the value of accounting measurement of earnings per share and stock option costs for equity valuation purposes.

    Keywords: Earnings Management; Business Earnings; Employee Stock Ownership Plan; Stock Shares; Employee Ownership; Stock Options; Equity; Accounting Audits; Valuation; Profit Sharing; Accounting Industry;

    Citation:

    Hawkins, David F. "Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants." Harvard Business School Case 111-087, January 2011. (Revised July 2011.) View Details
  32. Aluar: Aluminio Argentino S.A. (B)

    David F. Hawkins, Hernan Etiennot, Gustavo A. Herrero and Hugo Pentenero

    Argentine government claims inflation rate is 8 percent but others claim it is double that rate. Analysts' attempts to adjust the company's financial statements for inflation.

    Keywords: Financial Statements; Inflation and Deflation; Argentina;

    Citation:

    Hawkins, David F., Hernan Etiennot, Gustavo A. Herrero, and Hugo Pentenero. "Aluar: Aluminio Argentino S.A. (B)." Harvard Business School Supplement 111-070, February 2011. (Revised July 2011.) View Details
  33. Deferred Tax Assets in Basel III: Lessons from Japan

    David F. Hawkins, Karthik Ramanna, Nobuo Sato and Mayuka Yamazaki

    In a controversial decision, the Bank for International Settlements includes deferred tax assets as part of a bank's core capital.

    Keywords: Accounting; Assets; Capital; Central Banking; Taxation; Banking Industry; Japan;

    Citation:

    Hawkins, David F., Karthik Ramanna, Nobuo Sato, and Mayuka Yamazaki. "Deferred Tax Assets in Basel III: Lessons from Japan." Harvard Business School Case 111-076, February 2011. (Revised July 2011.) View Details
  34. Caterpillar, Inc. (B)

    David F. Hawkins

    Analyst must identify role of management and actuarial judgment in measuring corporate post employment benefit obligations and assets.

    Keywords: Accounting; Compensation and Benefits; Resignation and Termination; Manufacturing Industry; Mining Industry; Consumer Products Industry;

    Citation:

    Hawkins, David F. "Caterpillar, Inc. (B)." Harvard Business School Supplement 111-032, January 2011. (Revised July 2011.) View Details
  35. Caterpillar, Inc. (C)

    David F. Hawkins

    IASB proposes new defined benefit plan accounting standard.

    Keywords: International Accounting; Governance; Compensation and Benefits; Standards; Manufacturing Industry; Mining Industry; Consumer Products Industry;

    Citation:

    Hawkins, David F. "Caterpillar, Inc. (C)." Harvard Business School Supplement 111-088, February 2011. (Revised July 2011.) View Details
  36. Adoption of IFRS in Ethiopia

    David F. Hawkins and Shani Senbetta

    Ethiopia's decision to adopt IFRS. The motivation to adopt IFRS and the challenges to implement the decision.

    Keywords: International Accounting; Financial Reporting; Standards; Ethiopia;

    Citation:

    Hawkins, David F., and Shani Senbetta. "Adoption of IFRS in Ethiopia." Harvard Business School Case 112-010, July 2011. (Revised October 2012.) View Details
  37. Oriflame S.A. (B)

    David F. Hawkins and Karol Misztal

    Exercise for recording derivative hedging transactions, accompanied by a technical note on IFRS derivative accounting.

    Keywords: Financial Reporting; Financial Statements; International Accounting; Currency Exchange Rate; Management Analysis, Tools, and Techniques; Risk Management; Standards; Beauty and Cosmetics Industry;

    Citation:

    Hawkins, David F., and Karol Misztal. "Oriflame S.A. (B)." Harvard Business School Supplement 111-051, November 2010. (Revised July 2011.) View Details
  38. Accounting for Foreign Operations

    David F. Hawkins

    Students are required to compute and explain the quality annual earnings per share figures and major differences between managing domestic and global operations.

    Keywords: Business Earnings; Financial Statements; International Accounting; Globalized Firms and Management;

    Citation:

    Hawkins, David F. "Accounting for Foreign Operations." Harvard Business School Background Note 100-024, November 1999. (Revised June 2011.) View Details
  39. Aluar: Aluminio Argentino S.A. (A)

    David F. Hawkins, Hernan Etiennot, Gustavo A. Herrero and Cintra Scott

    Argentine government claims inflation rate is 8 percent but others claim it is double that rate. Analysts' attempts to adjust the company's financial statements for inflation.

    Keywords: Inflation and Deflation; Accounting; Financial Statements; Government and Politics; Argentina;

    Citation:

    Hawkins, David F., Hernan Etiennot, Gustavo A. Herrero, and Cintra Scott. "Aluar: Aluminio Argentino S.A. (A)." Harvard Business School Case 111-059, February 2011. (Revised June 2011.) View Details
  40. Assessing Accounting Risk

    David F. Hawkins

    Describes a framework that financial analysts can use to assess the likelihood of accounting misstatements in financial statements.

    Keywords: Risk Management; Framework; Financial Statements;

    Citation:

    Hawkins, David F. "Assessing Accounting Risk." Harvard Business School Background Note 105-054, February 2005. (Revised December 2012.) View Details
  41. Enron Corporation: May 6, 2001 Sell Recommendation

    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."

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

    Citation:

    Hawkins, David F., and Jacob Cohen. "Enron Corporation: May 6, 2001 Sell Recommendation." Harvard Business School Case 104-075, April 2004. (Revised April 2011.) View Details
  42. Farmington Industries, Inc.: Managing Currency Exposure Risk

    David F. Hawkins and Jacob Cohen

    The December 20, 1994 Mexican devaluation creates U.S. dollar losses for an unprepared U.S. corporation with multiple operations in Mexico.

    Keywords: International Finance; Globalized Firms and Management; International Accounting; Currency; United States; Mexico;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Farmington Industries, Inc.: Managing Currency Exposure Risk." Harvard Business School Case 104-053, January 2004. (Revised December 2012.) View Details
  43. Farmington Industries,Inc.: Managing Currency Exposure Risk (TN)

    David F. Hawkins and Jacob Cohen

    Teaching Note to 104053.

    Keywords: Currency Exchange Rate; Electronics Industry; Mexico;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Farmington Industries,Inc.: Managing Currency Exposure Risk (TN)." Harvard Business School Teaching Note 104-054, January 2004. (Revised April 2011.) View Details
  44. Measuring Interim Period Performance

    David F. Hawkins

    Covers interim period accounting objectives, theories, and practices. Special financial analysis concerns related to this topic are discussed. A rewritten version of an earlier note.

    Keywords: Accounting; Business Ventures; Policy; Management Practices and Processes; Measurement and Metrics; Performance Evaluation;

    Citation:

    Hawkins, David F. "Measuring Interim Period Performance." Harvard Business School Background Note 100-002, December 1999. (Revised December 2012.) View Details
  45. BonneSante S.A.

    David F. Hawkins

    IASB and FASB propose new lease accounting rules and the owner of a French chain of fast food outlets is concerned about the impact on his company's balance sheets.

    Keywords: Financial Reporting; International Accounting; Policy; Standards; Leasing; Food and Beverage Industry; Retail Industry; France;

    Citation:

    Hawkins, David F. "BonneSante S.A." Harvard Business School Case 111-063, November 2010. (Revised February 2011.) View Details
  46. DoubleClick, Inc.: Accumulated Other Comprehensive Income

    David F. Hawkins

    FASB and IASB proposal to require comprehensive income statements.

    Keywords: Business Earnings; Financial Statements; Governing Rules, Regulations, and Reforms;

    Citation:

    Hawkins, David F. "DoubleClick, Inc.: Accumulated Other Comprehensive Income." Harvard Business School Supplement 111-054, November 2010. (Revised January 2011.) View Details
  47. Enman Oil, Inc. (B)

    David F. Hawkins

    Company pursues ways to reduce its debt to equity ratio by resorting to off balance sheet debt transactions.

    Keywords: Energy Sources; Capital Structure; Financial Statements; Energy Industry; Mining Industry; United States;

    Citation:

    Hawkins, David F. "Enman Oil, Inc. (B)." Harvard Business School Supplement 111-043, September 2010. (Revised December 2010.) View Details
  48. Enman Oil, Inc. (C)

    David F. Hawkins

    Company pursues ways to reduce its debt to equity ratio by resorting to off balance sheet debt transactions.

    Keywords: Energy Sources; Capital Structure; Financial Statements; Energy Industry; Mining Industry; United States;

    Citation:

    Hawkins, David F. "Enman Oil, Inc. (C)." Harvard Business School Supplement 111-044, September 2010. (Revised December 2010.) View Details
  49. Enman Oil, Inc. (D)

    David F. Hawkins

    Company pursues ways to reduce its debt to equity ratio by resorting to off balance sheet debt transactions.

    Keywords: Energy Sources; Capital Structure; Financial Statements; Energy Industry; Mining Industry; United States;

    Citation:

    Hawkins, David F. "Enman Oil, Inc. (D)." Harvard Business School Supplement 111-045, September 2010. (Revised December 2010.) View Details
  50. Enman Oil, Inc. (E)

    David F. Hawkins

    Company pursues ways to reduce its debt to equity ratio by resorting to off balance sheet debt transactions.

    Keywords: Energy Sources; Capital Structure; Financial Statements; Energy Industry; Mining Industry; United States;

    Citation:

    Hawkins, David F. "Enman Oil, Inc. (E)." Harvard Business School Supplement 111-046, September 2010. (Revised December 2010.) View Details
  51. HR 3509

    David F. Hawkins

    HR 3509 ("2010 Health Reform Bill") imposition of a fee in pharmaceutical sales and an excise tax on medical device sales raises accounting issues.

    Keywords: Accounting; Governing Rules, Regulations, and Reforms; Government Legislation; Taxation; Medical Devices and Supplies Industry; Pharmaceutical Industry; United States;

    Citation:

    Hawkins, David F. "HR 3509." Harvard Business School Background Note 111-056, November 2010. (Revised December 2010.) View Details
  52. Electro, Inc.

    David F. Hawkins

    CFO of U.S. company preparing for U.K. analyst meetings reviews his company's 2008 earnings per share calculations.

    Keywords: Business Earnings; Financial Reporting; International Accounting; Standards; United Kingdom; United States;

    Citation:

    Hawkins, David F. "Electro, Inc." Harvard Business School Case 111-058, November 2010. (Revised December 2010.) View Details
  53. Accounting for Business Combinations: Acquisition Method

    David F. Hawkins and F. Asis Martinez Jerez

    A technical note reviewing business combinations and Goodwill accounting under the Statement of Financial Accounting Standards, No. 141R.

    Keywords: Goodwill Accounting; Mergers and Acquisitions; Standards;

    Citation:

    Hawkins, David F., and F. Asis Martinez Jerez. "Accounting for Business Combinations: Acquisition Method." Harvard Business School Background Note 108-067, February 2008. (Revised November 2010.) View Details
  54. Inflation Accounting and Analysis

    David F. Hawkins

    Describes alternative approaches to accounting for business activities during periods of inflation. Presents hints and techniques for analyzing financial statements during inflationary periods. A rewritten version of an earlier note.

    Keywords: Cost Accounting; Financial Statements; Inflation and Deflation;

    Citation:

    Hawkins, David F. "Inflation Accounting and Analysis." Harvard Business School Background Note 100-063, December 1999. (Revised November 2010.) View Details
  55. Cosmeticos de Espana, S.A. (C)

    David F. Hawkins

    The third case in the Cosmeticos de Espana case series. What should management's accounting response be to a further devaluation of the Bolivar?

    Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela;

    Citation:

    Hawkins, David F. "Cosmeticos de Espana, S.A. (C)." Harvard Business School Supplement 111-021, August 2010. (Revised November 2010.) View Details
  56. Batson International, S.A. (B)

    David F. Hawkins

    A surprise internal audit of a division's accounting practices reveals a number of possible earnings management and accounting irregularities.

    Keywords: Accounting Audits; Earnings Management; Financial Reporting; International Accounting; Standards; United States;

    Citation:

    Hawkins, David F. "Batson International, S.A. (B)." Harvard Business School Supplement 111-024, August 2010. View Details
  57. Batson International, S.A. (C)

    David F. Hawkins

    Senior management must sign a management letter. An internal audit reveals a number of questionable accounting practices (B case). How should senior management respond?

    Keywords: Accounting Audits; Financial Reporting; International Accounting; Managerial Roles; Standards; United States;

    Citation:

    Hawkins, David F. "Batson International, S.A. (C)." Harvard Business School Supplement 111-025, August 2010. View Details
  58. Kim Park (B): Liabilities

    David F. Hawkins, Gregory Miller and V.G. Narayanan

    A series of caselets exploring the accounting for liabilities.

    Keywords: Accounting; Financial Reporting; International Accounting; Standards; United States;

    Citation:

    Hawkins, David F., Gregory Miller, and V.G. Narayanan. "Kim Park (B): Liabilities." Harvard Business School Supplement 110-018, July 2009. (Revised June 2010.) View Details
  59. Silic (TN) (A) and (B): Choosing Cost or Fair Value on Adoption of IFRS

    David F. Hawkins, Edward J. Riedl, Vincent Dessain and Andrew Barron

    Teaching Note for 108-030 and 108-031.

    Keywords: Financial Reporting; International Accounting; Cost; Valuation;

    Citation:

    Hawkins, David F., Edward J. Riedl, Vincent Dessain, and Andrew Barron. "Silic (TN) (A) and (B): Choosing Cost or Fair Value on Adoption of IFRS." Harvard Business School Teaching Note 108-078, February 2008. View Details
  60. Silic (A): Choosing Cost or Fair Value on Adoption of IFRS

    David F. Hawkins, Vincent Marie Dessain and Andrew Barron

    A French real estate firm must choose to report its primary asset (investment property) using either cost or fair-value accounting methods upon adoption of international accounting standards (IAS) in 2005.

    Keywords: Cost Accounting; Fair Value Accounting; Financial Reporting; International Accounting; Investment; Standards; Real Estate Industry; France;

    Citation:

    Hawkins, David F., Vincent Marie Dessain, and Andrew Barron. "Silic (A): Choosing Cost or Fair Value on Adoption of IFRS." Harvard Business School Case 108-030, September 2007. (Revised January 2008.) View Details
  61. Cintas y Lazos, Inc.

    David F. Hawkins

    A recent Cuban immigrant establishes a new notions store. The initial 3-month, GAAP-based income statement differs from one prepared by an economist friend. The store owner wants to know why one shows a profit and the other a loss.

    Keywords: Accounting; Financial Statements; Management Practices and Processes; Standards; Retail Industry; Florida;

    Citation:

    Hawkins, David F. "Cintas y Lazos, Inc." Harvard Business School Case 108-012, July 2007. (Revised October 2007.) View Details
  62. Balance Sheet, The

    David F. Hawkins and Jacob Cohen

    Discusses the accounting equation and defines common terms found in the statement. Also provides an example of the balance sheets of Coca-Cola Co., Ariba, Inc., and Safeway, Inc.

    Keywords: Accounting;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Balance Sheet, The." Harvard Business School Background Note 101-108, May 2001. (Revised March 2007.) View Details
  63. Statement of Cash Flows, The

    David F. Hawkins and Jacob Cohen

    Discusses the components of the statement of cash flow and its direct and indirect format of presentation. Also briefly explains the difference between cash and accrual accounting and provides examples of Standard Microsystems Corp. and Intel Corp.

    Keywords: Cash Flow; Financial Statements; Accrual Accounting;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Statement of Cash Flows, The." Harvard Business School Background Note 101-107, May 2001. (Revised February 2007.) View Details
  64. PolyMedica Corporation (A)

    David F. Hawkins and Jacob Cohen

    The Securities and Exchange Commission and investors question PolyMedica Corp.'s practice of capitalizing rather than expensing of direct-response advertising.

    Keywords: Activity Based Costing and Management; Business Earnings; Advertising; Private Sector; Budgets and Budgeting; Cost Management; Capital Markets; Marketing; Private Equity; Pharmaceutical Industry; Medical Devices and Supplies Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "PolyMedica Corporation (A)." Harvard Business School Case 104-023, September 2003. (Revised February 2007.) View Details
  65. Internal Control Process - Online Tutorial

    David F. Hawkins

    Introduces the Internal Control Process by detailing its five components: 1) the internal control environment, 2) risk assessment, 3) internal control activities, 4) information and communications, and 5) monitoring. Includes multiple review exercises throughout the tutorial.

    Keywords: Accounting; Communication; Assets; Governance Compliance; Governance Controls; Policy; Information; Code Law; Risk Management; System; Online Technology;

    Citation:

    Hawkins, David F. Internal Control Process - Online Tutorial. Harvard Business School Tutorial 107-705, September 2006. View Details
  66. Management Control Process - Online Tutorial

    David F. Hawkins

    Introduces the Management Control Process by detailing its six components: 1) the management control environment, 2) organizational structure and responsibilities, 3) information and communication, 4) management control systems, 5) incentives, and 6) monitoring. Includes multiple review exercises throughout the tutorial.

    Keywords: Communication; Information; Business or Company Management; Management Practices and Processes; Organizations; Mission and Purpose; Organizational Structure; Behavior; Motivation and Incentives; System;

    Citation:

    Hawkins, David F. Management Control Process - Online Tutorial. Harvard Business School Tutorial 107-706, September 2006. View Details
  67. Arthur Andersen LLP

    David F. Hawkins and Jacob Cohen

    This case highlights the history of Arthur Andersen and the collapse of the firm following the Enron Corp. audit and the Department of Justice obstruction of justice conviction.

    Keywords: Accounting Audits; Financial Statements; Business Exit or Shutdown; Lawfulness; United States;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Arthur Andersen LLP." Harvard Business School Case 103-061, February 2003. (Revised June 2006.) View Details
  68. Ernst & Young LLP

    David F. Hawkins and Jacob Cohen

    The history of Ernst & Young provides a platform to discuss the issues related to the sale of the consulting business as well as the founding of the legal unit. It dovetails with the issues raised at Arthur Andersen regarding the role of the Big Four accounting firms and how they deal with issues of conflict of interest and internal controls to ensure independence.

    Keywords: Accounting Audits; Conflict of Interests; Accounting Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Ernst & Young LLP." Harvard Business School Case 103-060, February 2003. (Revised May 2006.) View Details
  69. Analyzing Edison Schools Inc. (A)

    David F. Hawkins and Jacob Cohen

    Provides the background information for Edison Schools, Inc. and the 2001 financial statements and footnotes.

    Keywords: Accounting; Financial Statements; Education Industry; United States;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Analyzing Edison Schools Inc. (A)." Harvard Business School Case 103-062, February 2003. (Revised April 2006.) View Details
  70. Stamford International Inc.

    David F. Hawkins

    Management is struggling to meet consensus quarterly earnings-per-share numbers. Discusses a number of accounting decisions. A report indicating internal control problems in one of the company's divisions raises a Sarbanes-Oxley certification issue. A rewritten version of an earlier case.

    Keywords: Business Earnings; Financial Reporting;

    Citation:

    Hawkins, David F. "Stamford International Inc." Harvard Business School Case 105-042, January 2005. (Revised March 2006.) View Details
  71. Introduction to Cost Accounting Systems

    David F. Hawkins, V.G. Narayanan, Jacob Cohen and Michele Jurgens

    Covers the basics of cost system design, demonstrating in a clear, step-by-step fashion how costs are assigned to cost objects. Key concepts include direct and indirect costs, two-stage allocation, cost pools, and cost drivers. Also provides a brief review of several variations of cost systems, explaining the difference between job and process costing, direct and full cost systems, as well as standard cost systems. Provides exercises throughout the tutorial to test understanding of the material.

    Keywords: Cost Accounting; Cost; System;

    Citation:

    Hawkins, David F., V.G. Narayanan, Jacob Cohen, and Michele Jurgens. Introduction to Cost Accounting Systems. Harvard Business School Tutorial 105-701, September 2004. (Revised January 2006.) View Details
  72. Introduction to Responsibility Accounting Systems

    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 components covered are budgets, performance reports, variance reports, and transfer prices. Describes these components and walks students through how a responsibility center's actual performance is compared to its planned (budgeted) performance and how resources can be transferred from one center to another. Also explains the management planning and control process. Provides numerous exercises to test understanding of the material.

    Keywords: Business or Company Management; Cost Accounting; Governance Controls; Financial Reporting; Performance Evaluation; Budgets and Budgeting; Planning;

    Citation:

    Hawkins, David F., V.G. Narayanan, Jacob Cohen, and Michele Jurgens. Introduction to Responsibility Accounting Systems. Harvard Business School Tutorial 105-703, October 2004. (Revised January 2006.) View Details
  73. Alternative Choice Decisions Analysis

    David F. Hawkins, V.G. Narayanan, Jacob Cohen and Michele Jurgens

    Shows how managers use information on costs and revenues to decide between possible alternative courses of action. Presents two case examples of differential cost analysis. The first, a make or buy decision, examines two alternatives in which only costs vary. The second presents a situation in which both revenues (changes in price and volume) and costs (including fixed costs) change. Both analyses allow students to act as managers and conclude which of several alternatives yields the greatest differential profits.

    Keywords: Cost; Profit; Revenue; Information; Management Analysis, Tools, and Techniques; Problems and Challenges; Conflict and Resolution;

    Citation:

    Hawkins, David F., V.G. Narayanan, Jacob Cohen, and Michele Jurgens. Alternative Choice Decisions Analysis. Harvard Business School Tutorial 105-706, January 2006. View Details
  74. Cost-Volume Profit Models

    David F. Hawkins, V.G. Narayanan, Jacob Cohen and Michele Jurgens

    Covers fixed, variable, and semivariable costs and their role in building and interpreting cost-volume-profit models. Introduces the cost-volume and contribution-volume-profit models and identifies some of their uses and limitations. Teaches how to use the cost-volume-profit model to determine profit at various levels of unit volume and how to calculate a breakeven point. Includes multiple exercises throughout the tutorial.

    Keywords: Volume; Cost; Profit; Mathematical Methods;

    Citation:

    Hawkins, David F., V.G. Narayanan, Jacob Cohen, and Michele Jurgens. Cost-Volume Profit Models. Harvard Business School Tutorial 105-705, January 2006. View Details
  75. Mechanics of Financial Accounting, The

    David F. Hawkins and Jacob Cohen

    Explains in simple terms and numerical examples how the language of accounting is spoken and communicated to financial statement users. Describes terms such as "debits," "credits," "journal entries," "t-accounts," and "financial statements."

    Keywords: Accounting; Financial Statements;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Mechanics of Financial Accounting, The." Harvard Business School Background Note 101-119, June 2001. (Revised January 2006.) View Details
  76. Accounting at MacCloud Winery

    David F. Hawkins, Robert S. Kaplan and Gregory S. Miller

    Uses a fictional new winery to introduce accounting concepts and practices such as assets, liabilities, expenses, the matching principle, and contingent activities. Designed to approach the subject at a conceptual level, allowing class discussion to focus on the underlying thought process regarding accounting, rather than on "proper" numerical calculations.

    Keywords: Financial Reporting; Theory; Accounting;

    Citation:

    Hawkins, David F., Robert S. Kaplan, and Gregory S. Miller. "Accounting at MacCloud Winery." Harvard Business School Case 105-081, June 2005. (Revised September 2005.) View Details
  77. A Conceptual Framework for Financial Reporting

    David F. Hawkins and Jacob Cohen

    Discusses the conceptual framework for financial reporting as set by the Financial Accounting Standards Board. Discusses the objectives of financial statements, assumptions of financial accounting, characteristics of accounting information, accounting principles for recognition and reporting, constraints of financial reporting, and elements of financial statements.

    Keywords: Financial Reporting; Financial Statements; Accounting Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "A Conceptual Framework for Financial Reporting." Harvard Business School Background Note 101-118, June 2001. (Revised August 2005.) View Details
  78. Prematriculation Financial Accounting Tutorial/Module

    David F. Hawkins, Paul M. Healy and Ratna G. Sarkar

    The Financial Accounting course is an introduction to the fundamental concepts of financial accounting in a management context. The course describes the business activities for Global Grocer, a small retail franchise specializing in gourmet foods and specialty kitchen implements from all over the world. In the course, students follow the story of Global Grocer from its inception through the first year of operation. The course teaches students how accounting systems are used to record the day-to-day economic activities of a business and places special emphasis on understanding accounting terminology. Students learn fundamental accounting concepts and then apply those concepts in a detailed examination of the financial statements used to describe the business. Throughout the course, students are presented with real-world challenges that require them to interpret the financial data to find answers.

    Keywords: Accounting; Performance; Financial Statements;

    Citation:

    Hawkins, David F., Paul M. Healy, and Ratna G. Sarkar. Prematriculation Financial Accounting Tutorial/Module. Harvard Business School Tutorial 105-708, June 2005. View Details
  79. WorldCom, Inc.: Two Views

    David F. Hawkins

    Financial analysis is one way to detect WorldCom's fraudulent accounting. This case presents two perspectives of WorldCom: the company as viewed by security analysts and the inside view of the accounting fraud. Also looks at the company's acquisition accounting to assess potential for abuse. Teaching Purpose: To assess the probability of accounting risk.

    Keywords: Risk and Uncertainty; Risk Management; Crime and Corruption; Accounting;

    Citation:

    Hawkins, David F. "WorldCom, Inc.: Two Views." Harvard Business School Case 105-047, January 2005. (Revised March 2005.) View Details
  80. The Income Statement

    David F. Hawkins and Jacob Cohen

    Includes a description of the common components of the income statement. Includes examples of the income statements of Home Depot, Inc., Lucent Technology, Inc., Gap, Inc., and McDonald's Corp. and lends itself to a brief discussion regarding these companies.

    Keywords: Business Earnings; Financial Statements;

    Citation:

    Hawkins, David F., and Jacob Cohen. "The Income Statement." Harvard Business School Background Note 101-109, May 2001. (Revised November 2014.) View Details
  81. Superior Manufacturing Company

    David F. Hawkins, James W. Culliton and Jacob Cohen

    Management must extract relevant cost data from the company's cost accounting system for product line decisions. A rewritten version of an earlier case.

    Keywords: Cost Accounting; Product Development; Manufacturing Industry;

    Citation:

    Hawkins, David F., James W. Culliton, and Jacob Cohen. "Superior Manufacturing Company." Harvard Business School Case 105-010, July 2004. (Revised August 2004.) View Details
  82. Great Atlantic & Pacific Tea Company, Inc., The

    David F. Hawkins and Jacob Cohen

    Analysts believe bankruptcy is a distinct possibility for A&P in the future. The company believes otherwise.

    Keywords: Forecasting and Prediction; Insolvency and Bankruptcy; Consumer Products Industry; Food and Beverage Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Great Atlantic & Pacific Tea Company, Inc., The." Harvard Business School Case 104-070, February 2004. (Revised April 2004.) View Details
  83. Ford Motor Company: Quality of Earnings Growth Analysis (A)

    David F. Hawkins and Jacob Cohen

    Even though Ford Motor Co. reports improved profitability, an equity analyst issues a sell recommendation and Standard & Poor's downgrades long-term debt.

    Keywords: Quality; Business Earnings; Valuation; Investment Return; Profit; Financial Statements; Revenue; Auto Industry; Consulting Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Ford Motor Company: Quality of Earnings Growth Analysis (A)." Harvard Business School Case 104-059, January 2004. (Revised April 2004.) View Details
  84. General Motors Corporation: Retiree Benefit Risk Management (A)

    David F. Hawkins and Jacob Cohen

    General Motors issues $17 billion and uses $10 billion to reduce an unfunded pension obligation.

    Keywords: Retirement; Accounting; Compensation and Benefits; Auto Industry; United States;

    Citation:

    Hawkins, David F., and Jacob Cohen. "General Motors Corporation: Retiree Benefit Risk Management (A)." Harvard Business School Case 104-041, November 2003. (Revised March 2004.) View Details
  85. General Motors Corporation: Retiree Benefit Risk Management (TN)

    David F. Hawkins and Jacob Cohen

    Teaching Note to (104-041).

    Keywords: Retirement; Risk Management; Compensation and Benefits; Auto Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "General Motors Corporation: Retiree Benefit Risk Management (TN)." Harvard Business School Teaching Note 104-047, November 2003. (Revised March 2004.) View Details
  86. eBay Inc.: Internet Success or Fairy Tale?

    David F. Hawkins and Jacob Cohen

    A well-known financial analyst claims that eBay has never been profitable and currently does not generate any "unfettered" cash flow.

    Keywords: Cash Flow; Accounting; Web Services Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "eBay Inc.: Internet Success or Fairy Tale?" Harvard Business School Case 104-049, November 2003. (Revised January 2004.) View Details
  87. Financial Performance Reporting

    David F. Hawkins

    Students must evaluate the Financial Accounting Standards Board/International Accounting Standards Board's tentative decisions on comprehensive income statements.

    Keywords: International Accounting; Income Characteristics; Decision Making; Financial Reporting; Corporate Governance; Accounting Industry;

    Citation:

    Hawkins, David F. "Financial Performance Reporting." Harvard Business School Case 103-046, January 2003. (Revised December 2003.) View Details
  88. Accounting for Pensions at General Motors Corporation (A)

    David F. Hawkins and Jacob Cohen

    A potential investor in General Motors is gathering information about investment in General Motor's stock. The investigation leads the investor to review the General Motor's Web site and several CNBC interviews of General Motors' executives.

    Keywords: Investment; Accounting; Compensation and Benefits; Financial Services Industry; Auto Industry; Accounting Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Accounting for Pensions at General Motors Corporation (A)." Harvard Business School Exercise 103-052, February 2003. (Revised November 2003.) View Details
  89. Accounting for Pensions at General Motors Corporation (B)

    David F. Hawkins and Jacob Cohen

    A potential investor in General Motor's stock reviews the retiree benefit note data included in the company's 2001 financial statements as part of the investment analysis of the company.

    Keywords: Investment; Accounting; Compensation and Benefits; Financial Services Industry; Auto Industry; Accounting Industry;

    Citation:

    Hawkins, David F., and Jacob Cohen. "Accounting for Pensions at General Motors Corporation (B)." Harvard Business School Exercise 103-053, February 2003. (Revised November 2003.) View Details
  90. Perspective, Institutions and Basic Issues

    David F. Hawkins

    This case describes the basic institutions involved in the setting of generally accepted accounting principles and the fundamental issues that institutions must address.

    Keywords: Financial Reporting;

    Citation:

    Hawkins, David F. "Perspective, Institutions and Basic Issues." Harvard Business School Background Note 100-010, November 1999. (Revised November 2003.) View Details
  91. Boston Automation Systems, Inc.

    David F. Hawkins

    Daniel Fisher, the CFO of Boston Automation Systems, must review a number of revenue transaction accounting policies following the issuance of the Securities and Exchange Commission's Staff Accounting Bulletin 101, "Revenue Recognition in Financial Statements." Teaching Purpose: To explore the earned and realized criteria for recognition of revenue.

    Keywords: Revenue Recognition; Policy; Financial Statements;

    Citation:

    Hawkins, David F. "Boston Automation Systems, Inc." Harvard Business School Case 103-041, January 2003. (Revised July 2003.) View Details
  92. Machinery International (B)

    David F. Hawkins

    An assistant is asked to prepare illustrative derivative and hedge accounting examples for the audit committee. Students are required to complete the examples. Teaching Purpose: Introduces students to the basics of derivative and hedge accounting.

    Keywords: Accounting Audits; Machinery and Machining; Activity Based Costing and Management; Currency; Cost Management; Financial Statements; Construction Industry; Accounting Industry; United States;

    Citation:

    Hawkins, David F. "Machinery International (B)." Harvard Business School Case 101-061, December 2000. (Revised March 2003.) View Details
  93. Standard International Inc. (A)

    David F. Hawkins

    The company top management must make a series of accounting decisions that will determine the company's quarterly income. A rewritten version of an earlier case.

    Keywords: Financial Reporting; Financial Statements; Inflation and Deflation; International Finance; Research and Development; Accounting Industry;

    Citation:

    Hawkins, David F. "Standard International Inc. (A)." Harvard Business School Case 100-064, December 1999. (Revised January 2003.) View Details
  94. Basic Ratio Analysis and Equity Valuation

    David F. Hawkins

    Describes the use of common financial ratios to analyze a firm's performance and financial condition. Discusses fundamentals of equity valuation. Based on an earlier note by the same author.

    Keywords: Valuation; Financial Condition; Equity;

    Citation:

    Hawkins, David F. "Basic Ratio Analysis and Equity Valuation." Harvard Business School Background Note 185-149, June 1985. (Revised December 2002.) View Details
  95. International Business Machines Corporation (B)

    David F. Hawkins

    IBM changes pension plan from a defined benefit plan to a cash-balance plan. Teaching purpose: To understand pension accounting.

    Keywords: Business or Company Management; Transformation; Business Earnings; Private Sector; Personal Finance; Cash; Hardware; Taxation; Computer Industry; Accounting Industry;

    Citation:

    Hawkins, David F. "International Business Machines Corporation (B)." Harvard Business School Case 100-033, November 1999. (Revised April 2002.) View Details
  96. International Business Machines Corporation (A)

    David F. Hawkins

    Perform financial ratio analysis to identify changes in IBM's business mix and profitability. Teaching purpose: Ratio analysis.

    Keywords: Hardware; Capital Structure; Performance Efficiency; Business Earnings; Business Model; Private Sector; Commercialization; Computer Industry; Accounting Industry;

    Citation:

    Hawkins, David F. "International Business Machines Corporation (A)." Harvard Business School Case 100-032, December 1999. (Revised April 2002.) View Details
  97. Rent-Way, Inc. (A)

    David F. Hawkins

    The company uses the units of activity method to account for its rental inventory. A prominent hedge fund advisor recommends the company's stock be sold short.

    Keywords: Mathematical Methods; Stock Shares; Fair Value Accounting; Quality; Investment Funds; Service Industry;

    Citation:

    Hawkins, David F. "Rent-Way, Inc. (A)." Harvard Business School Case 101-089, March 2001. (Revised April 2002.) View Details
  98. Blaine and Mason, LLP: Gross Versus Net Revenue Reporting (A)

    David F. Hawkins

    The managing partners of a public accounting firm must resolve a number of staff requests for assistance in deciding how audit clients should report their revenues. Each example explores whether revenues should be reported on a gross or net basis.

    Keywords: Financial Statements; Accounting Audits; Business Earnings; Budgets and Budgeting; Financial Reporting; Revenue; Accounting Industry;

    Citation:

    Hawkins, David F. "Blaine and Mason, LLP: Gross Versus Net Revenue Reporting (A)." Harvard Business School Case 101-040, November 2000. (Revised April 2002.) View Details
  99. Bishay Industries

    David F. Hawkins and Norman Bartczak

    A bankrupt company has a turnaround plan. Students are asked to predict whether it will be successful.

    Keywords: Insolvency and Bankruptcy; Business Plan; Goals and Objectives; Strategic Planning; Business Strategy; Cash Flow; Mathematical Methods; Financial Services Industry;

    Citation:

    Hawkins, David F., and Norman Bartczak. "Bishay Industries." Harvard Business School Case 197-024, September 1996. (Revised March 2002.) View Details
  100. Healthcare Brands Corporation

    David F. Hawkins

    A U.K. and a U.S. firm are entering into a merger agreement. Management must decide whether the merged companies should be domiciled in the United Kingdom and account for the merger as a pooling of interests or the United States and account for the merger as a purchase. A rewritten version of an earlier case.

    Keywords: International Accounting; Mergers and Acquisitions; Contracts; Health Industry; United Kingdom; United States;

    Citation:

    Hawkins, David F. "Healthcare Brands Corporation." Harvard Business School Case 102-032, October 2001. View Details
  101. Seitel, Inc.

    David F. Hawkins

    The company's accounting for its seismic data library is questioned. Teaching Purpose: Inventory accounting.

    Keywords: Stock Shares; Financial Statements; Business Earnings; Financial Reporting; Stock Options; Mathematical Methods; Accounting Industry;

    Citation:

    Hawkins, David F. "Seitel, Inc." Harvard Business School Case 100-022, November 1999. (Revised June 2001.) View Details
  102. General Electric 2000: Quality of Earnings Assessment

    David F. Hawkins

    A financial analyst reviews General Electric's financial reports to learn more about U.S. Generally Accepted Accounting Principles (GAAP) and how they differs from international accounting standards.

    Keywords: Financial Reporting; Financial Statements; Accounting Audits; International Accounting; Consumer Products Industry; Technology Industry; United States;

    Citation:

    Hawkins, David F. "General Electric 2000: Quality of Earnings Assessment." Harvard Business School Case 101-091, March 2001. (Revised April 2001.) View Details
  103. Warnaco Group, Inc. (A)

    David F. Hawkins

    Warnaco's history of nonrecurring charges is traced from 1990 through 2000 along with the stock market and security analysts' response to these charges. Teaching Purpose: To expose students to the accounting for a variety of new recurring accounting items.

    Keywords: Financial Statements; Financial Reporting; Restructuring; Apparel and Accessories Industry; Retail Industry;

    Citation:

    Hawkins, David F. "Warnaco Group, Inc. (A)." Harvard Business School Case 101-068, February 2001. (Revised April 2001.) View Details
  104. Security Plus, Inc.

    David F. Hawkins and Norman Bartczak

    A company acquires an alarm system company and converts its customers from operating to sale-type leases.

    Keywords: Mergers and Acquisitions; Leasing; Growth and Development Strategy; Service Industry;

    Citation:

    Hawkins, David F., and Norman Bartczak. "Security Plus, Inc." Harvard Business School Case 195-167, November 1994. (Revised March 2001.) View Details
  105. Lease Accounting and Analysis

    David F. Hawkins

    Discusses global accounting for leases by lessees and lessors with emphasis on U.S. lease accounting standards. A rewritten version of an earlier note.

    Keywords: International Accounting; Accounting; Leasing;

    Citation:

    Hawkins, David F. "Lease Accounting and Analysis." Harvard Business School Background Note 100-003, December 1999. (Revised March 2001.) View Details
  106. Machinery International (A)

    David F. Hawkins

    A U.S. company must decide how to translate its German subsidiary's DM financial statements into U.S. dollars for public and internal reporting purposes. A rewritten version of an earlier case.

    Keywords: Machinery and Machining; Financial Statements; Financial Reporting; Currency; Money; Accounting; Valuation; Manufacturing Industry; Accounting Industry; United States;

    Citation:

    Hawkins, David F. "Machinery International (A)." Harvard Business School Case 100-012, December 1999. (Revised March 2001.) View Details
  107. Revenue Recognition and Reporting

    David F. Hawkins

    Discusses revenue recognition and reporting rules, guidelines, and issues. A rewritten version of an earlier note.

    Keywords: Revenue; Financial Statements; Financial Reporting;

    Citation:

    Hawkins, David F. "Revenue Recognition and Reporting." Harvard Business School Background Note 101-050, November 2000. (Revised March 2001.) View Details
  108. Trans-Share Inc.

    David F. Hawkins

    The seller of fractional interest aircraft programs must decide how to account in its IPO for the sales of fractional interest aircraft programs. Teaching Purpose: To expose students to revenue recognition issues.

    Keywords: Initial Public Offering; Revenue Recognition; Air Transportation Industry;

    Citation:

    Hawkins, David F. "Trans-Share Inc." Harvard Business School Case 101-083, February 2001. View Details
  109. Extraordinary and Unusual Items, Discontinued Operations, and Accounting Changes

    David F. Hawkins

    Discusses accounting for extraordinary and unusual items, discontinued operations, and accounting changes.

    Keywords: Measurement and Metrics; Income Characteristics; Accounting;

    Citation:

    Hawkins, David F. "Extraordinary and Unusual Items, Discontinued Operations, and Accounting Changes." Harvard Business School Background Note 195-185, April 1995. (Revised November 2000.) View Details
  110. International Business Machines Corporation (C)

    David F. Hawkins

    A financial analyst is examining IBM's 1998 tax note to understand better how the company's 1998 tax note was determined. Teaching purpose: Illustrates deferred tax accounting.

    Keywords: History; Earnings Management; Taxation; Decision Making; Business Model; Business Earnings; Hardware; Mathematical Methods; Private Sector; Accounting Audits; Accounting Industry; Computer Industry;

    Citation:

    Hawkins, David F. "International Business Machines Corporation (C)." Harvard Business School Case 100-034, November 1999. (Revised November 2000.) View Details
  111. Coca-Cola Company (A), The

    David F. Hawkins

    In order to fully appreciate Coca-Cola's profitability, financial risk, and operating risk, Jane Wilson, a security analyst, is considering preparing a consolidated financial statement for Coca-Cola analyzing Coca-Cola Enterprises as a fully consolidated entity.

    Keywords: Accounting Audits; Financial Statements; Business Earnings; History; Private Sector; Business Units; Consolidation; Organizations; Operations; Private Ownership; Consumer Products Industry; Food and Beverage Industry;

    Citation:

    Hawkins, David F. "Coca-Cola Company (A), The." Harvard Business School Case 100-001, October 1999. (Revised October 2000.) View Details
  112. Champion International

    David F. Hawkins

    Management must decide which first quarter's earnings numbers to report. The company is classified by its securities market as a "growth" company. The corporate controller prefers a quarterly earnings figure that represents a decline in earnings.

    Keywords: Problems and Challenges; Financial Reporting; Judgments; Leadership; Management Teams; Corporate Disclosure;

    Citation:

    Hawkins, David F. "Champion International." Harvard Business School Case 194-028, October 1993. (Revised June 1997.) View Details
  113. First Investments, Inc.: Analysis of Financial Statements

    David F. Hawkins

    A summer intern is asked to perform a financial value analysis of a company's financial report for the period 1987-1994.

    Keywords: Analysis; Financial Statements;

    Citation:

    Hawkins, David F. "First Investments, Inc.: Analysis of Financial Statements." Harvard Business School Case 197-010, August 1996. (Revised May 1997.) View Details
  114. SKA (Sweden)

    David F. Hawkins

    Management is debating a proposal to capitalize R&D. While Swedish GAAP permits capitalization, the general practice is to expense R&D as incurred.

    Keywords: Financial Statements; Financial Reporting; Framework; Balanced Scorecard; Policy; Accounting Industry; Sweden;

    Citation:

    Hawkins, David F. "SKA (Sweden)." Harvard Business School Case 193-166, June 1993. (Revised May 1997.) View Details
  115. Nutra Foods

    David F. Hawkins

    An investor reviews his equity investment and asks for help in understanding how the stock splits and dividends impact his investment and the company's stockholders' equity portion of the balance sheet.

    Keywords: History; Financial Management; Private Equity; Capital Structure; Valuation; Investment Return; Business and Shareholder Relations; Financial Services Industry; Food and Beverage Industry;

    Citation:

    Hawkins, David F. "Nutra Foods." Harvard Business School Case 196-038, July 1995. (Revised May 1997.) View Details