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  • January 2011 (Revised July 2011)
  • Case
  • HBS Case Collection

Accounting for Catastrophes: BP PLC and Union Carbide Corporation (A)

By: David F. Hawkins
  • Format:Print
  • | Pages:6 
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Abstract

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.)

About The Author

David F. Hawkins

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