October 2008 (Revised August 2009)
Case
HBS Case Collection

Subprime Crisis and Fair-Value Accounting

By: Paul M. Healy, Krishna G. Palepu and George Serafeim

Format:Print
| Pages:26

Abstract

This case examines the challenges in implementing fair value accounting for mortgage instruments, the role of accounting in the sub-prime crisis, and proposals for revising accounting standards given the crisis.

Keywords

Fair Value Accounting; Financial Crisis; Debt Securities; Mortgages; Standards

Citation

Healy, Paul M., Krishna G. Palepu, and George Serafeim. "Subprime Crisis and Fair-Value Accounting." Harvard Business School Case 109-031, October 2008. (Revised August 2009.)