Professor Hawkins taught the first-year MBA course, Financial Reporting and Control as well as several second-year MBA courses, including Analysis of Financial Reports. He has written numerous articles and books including Corporate Financial Reporting and Analysis: Text and Cases, Financial Reporting Practices 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).
Hawkins, David F. Economic Reality in Financial Reporting: A Global Survey of Voluntary Corporate Economic Reality Communications. Morristown, NJ: Financial Executives Research Foundation, 1993.
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Hawkins, David, E. Bursk, J. Dearden, and V. Longstreet. Controlling Foreign Operations. New York: Financial Executives Research Foundation, 1971.
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Hawkins, David, John Jordan, and Joseph Curran. Work-Related Day Care: An Evaluation of the KLH Child Development Center Part I. Boston: Social Administration Research Institute, 1969.
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Hawkins, David, and John D Glover. Economic Analysis of the Proposal to Increase Copyright License Fee for Phonograph Records. New York: Record Industry Association of America, 1965.
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Hawkins, David F. "An Interesting Year Ahead: It Is Not Getting Any Easier!" Accounting Bulletin (Drexel Burnham Lambert), no. 1 (January 1990).
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Hawkins, David F. "Decent Cash Flow Numbers at Last: Understanding and Using the New GAAP Cash Flow Statements." Accounting Bulletin (Drexel Burnham Lambert), no. 1 (January 1989).
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Hawkins, David F. "Nonpension Post-Employment Benefits: Big Numbers and New Accounting." Accounting Bulletin (Drexel Burnham Lambert), no. 4 (July 1988).
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Hawkins, David F. "General Electric Co.: A Case Study in Adopting SFAS No. 96." Accounting Bulletin (Drexel Burnham Lambert), no. 3 (June 1988).
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Hawkins, David F. "One-Time Credits and Investor Difficulties: The New FASB Tax Statement." Accounting Bulletin (Drexel Burnham Lambert), no. 1 (February 1988).
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The overarching goal of the revenue recognition chapter is to help students better understand the substance and implementation challenges of the joint FASB/IASB revenue recognition standard. This Reading includes four Interactive Illustrations: "Time Value of Money for Revenue Recognition," "Five-Step Revenue Recognition," "Revenue Recognition Timeline," and "Estimating Bad Debt."
The objective of this reading is to enhance student understanding of the concept of fair value as used in accounting. It is not intended to expand a student's knowledge of specific accounting applications of fair value at the transaction level. This Reading includes an Interactive Illustration: "Fair Value of an Asset."
Core Curriculum Readings in Financial Accounting cover the fundamental concepts in financial accounting. The objective of this reading is to enhance the student's understanding of the nature of the information that general purpose financial reports provide. This goal is achieved by exposing students to the basic accounting concepts and assumptions that shape the form and character of this information.
[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.
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.
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.)
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Hawkins, David F., and Lee Hodder. "Key Challenges of Applying IFRS to Islamic Finance." Harvard Business School Background Note 113-033, January 2013. (Revised June 2014.)
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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.
Hawkins, David F., and Karthik Ramanna. "Deferred Tax Assets in Basel III: Lessons from Japan (TN) ." Harvard Business School Teaching Note 112-114, June 2012.
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Hawkins, David F. "Intercorporate Investments." Harvard Business School Background Note 111-073, May 2012. (Revised from original December 2010 version.)
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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.
The fourth case in the Cosmeticos de Espana case series. What should management's accounting response be to the imposition of foreign currency controls?
Hawkins, David F. "Cosmeticos de Espana, S.A. (A) (B) (C) (D) (E) (F)." Harvard Business School Teaching Note 112-053, October 2011. (Revised November 2014.)
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Hawkins, David F. "Longtop Financial Technologies (A) (B) (C) (D)." Harvard Business School Teaching Note 112-054, February 2012. (Revised February 2013.)
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Hawkins, David F., and Karol Misztal. "Oriflame S.A. (C)." Harvard Business School Supplement 111-052, November 2010. (Revised December 2011.)
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Hawkins, David F., Hernan Etiennot, Gustavo A. Herrero, and Hugo Pentenero. "Aluar: Aluminio Argentino S.A. (B) Spreadsheet Supplement." Harvard Business School Spreadsheet Supplement 112-703, December 2011.
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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.
Hawkins, David F., Karol Misztal, and Daniela Beyersdorfer. "Oriflame S.A. (A)." Harvard Business School Case 111-050, November 2010. (Revised October 2011.)
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Hawkins, David, and Suraj Srinivasan. "Kanebo Ltd. (TN) (A), (B), and (C)." Harvard Business School Teaching Note 112-039, September 2011.
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Hawkins, David F., Suraj Srinivasan, Akiko Kanno, and Lizzie Gomez. "Kanebo Ltd. (A)." Harvard Business School Case 111-037, December 2010. (Revised September 2011.)
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Hawkins, David F., Suraj Srinivasan, and Akiko Kanno. "Kanebo Ltd. (C)." Harvard Business School Supplement 111-068, January 2011. (Revised August 2011.)
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Hawkins, David F., Suraj Srinivasan, and Akiko Kanno. "Kanebo Ltd. (B)." Harvard Business School Supplement 111-038, January 2011. (Revised August 2011.)
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Hawkins, David F. "Accounting for Loss Contingencies: FASB/IASB Proposals." Harvard Business School Background Note 111-141, May 2011. (Revised August 2011.)
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Hawkins, David F. "DoubleClick, Inc.: Additional Paid-in-CapitalStock Options." Harvard Business School Supplement 111-064, December 2010. (Revised July 2011.)
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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.
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.
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.)
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Hawkins, David F., and Karol Misztal. "Oriflame S.A. (B)." Harvard Business School Supplement 111-051, November 2010. (Revised July 2011.)
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Students are required to compute and explain the quality annual earnings per share figures and major differences between managing domestic and global operations.
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.
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.)
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Hawkins, David F. "Intangible Assets Other Than Goodwill: Accounting and Analysis." Harvard Business School Background Note 111-131, May 2011.
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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."
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.)
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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.
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.
Hawkins, David F. "DoubleClick, Inc.: Accumulated Other Comprehensive Income." Harvard Business School Supplement 111-054, November 2010. (Revised January 2011.)
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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.
Senior management must sign a management letter. An internal audit reveals a number of questionable accounting practices (B case). How should senior management respond?
Hawkins, David F., Gregory Miller, and V.G. Narayanan. "Kim Park (B): Liabilities." Harvard Business School Supplement 110-018, July 2009. (Revised June 2010.)
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Hawkins, David F. "Kim Park (A): Long-lived Nonmonetary Assets (TN)." Harvard Business School Teaching Note 110-020, July 2009. (Revised August 2009.)
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Hawkins, David F., Gregory Miller, and V.G. Narayanan. "Kim Park (B): Liabilities (TN)." Harvard Business School Teaching Note 110-021, July 2009.
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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.
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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.
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.
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.
Hawkins, David F., and Jacob Cohen. "Balance Sheet, The." Harvard Business School Background Note 101-108, May 2001. (Revised March 2007.)
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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.
The Securities and Exchange Commission and investors question PolyMedica Corp.'s practice of capitalizing rather than expensing of direct-response advertising.
Hawkins, David F., and Paul M. Healy. "HBS Financial Accounting Tutorial (TN)." Harvard Business School Teaching Note 107-063, February 2007.
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Hawkins, David F., V.G. Narayanan, Michele Jurgens, and Jacob Cohen. "Introduction to Cost Accounting Systems (TN)." Harvard Business School Teaching Note 106-045, February 2006. (Revised October 2006.)
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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.
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.
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.
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.
Hawkins, David F., and Gregory S. Miller. "Accounting at MacCloud Winery (TN)." Harvard Business School Teaching Note 106-008, August 2005. (Revised May 2006.)
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Hawkins, David F., and Jacob Cohen. "PolyMedica Corporation (A), (B), and (C) TN." Harvard Business School Teaching Note 104-037, March 2004. (Revised May 2006.)
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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.
Hawkins, David F., and Jacob Cohen. "Enron Corporation: May 6, 2001 Sell Recommendation (TN)." Harvard Business School Teaching Note 104-076, April 2004. (Revised March 2006.)
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Hawkins, David F., V.G. Narayanan, Michele Jurgens, and Jacob Cohen. "Cost-Volume-Profit Models (TN)." Harvard Business School Teaching Note 106-046, February 2006.
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Hawkins, David F., V.G. Narayanan, Michele Jurgens, and Jacob Cohen. "Alternative Choice Decision Analysis (TN)." Harvard Business School Teaching Note 106-048, February 2006.
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Hawkins, David F., V.G. Narayanan, Michele Jurgens, and Jacob Cohen. "Introduction to Responsibility Accounting Systems (TN)." Harvard Business School Teaching Note 106-047, February 2006.
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Hawkins, David F., and Paul M. Healy. "Financial Accounting: An Online Introductory Course (TN)." Harvard Business School Teaching Note 106-041, November 2005. (Revised February 2006.)
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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.
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.
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.
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.
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."
Hawkins, David F., and F. Robert Madera. "Kemp Foods Corporation." Harvard Business School Case 110-101, November 1965. (Revised October 2005.)
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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.
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.)
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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.
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.
Hawkins, David F., and Paul M. Healy. "Pre-matriculation Accounting Tutorial (TN)." Harvard Business School Teaching Note 105-074, May 2005.
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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.
Hawkins, David F., and Jacob Cohen. "Superior Manufacturing Company (TN)." Harvard Business School Teaching Note 105-011, July 2004. (Revised October 2004.)
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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.
Hawkins, David F., and Jacob Cohen. "The Income Statement." Harvard Business School Background Note 101-109, May 2001. (Revised November 2014.)
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Management must extract relevant cost data from the company's cost accounting system for product line decisions. A rewritten version of an earlier case.
Even though Ford Motor Co. reports improved profitability, an equity analyst issues a sell recommendation and Standard & Poor's downgrades long-term debt.
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.)
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Hawkins, David F. "Ford Motor Company: Quality of Earnings Growth Analysis (A) and (B) TN." Harvard Business School Teaching Note 104-067, March 2004.
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Hawkins, David F., and Norman Bartczak. "National Electric Corporation TN." Harvard Business School Teaching Note 197-092, May 1997. (Revised February 2004.)
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Hawkins, David F. "Great Atlantic & Pacific Tea Company, Inc., The." Harvard Business School Spreadsheet Supplement 104-707, February 2004.
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Hawkins, David F. "Ford Motor Company: Quality of Earnings Growth Analysis (A)." Harvard Business School Spreadsheet Supplement 104-706, February 2004.
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Hawkins, David F. "General Motors Corporation: Retiree Benefit Risk Management." Harvard Business School Spreadsheet Supplement 104-705, January 2004.
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Hawkins, David F. "Deferred Taxes and the Valuation Allowance at Lucent Technologies, Inc. (A)." Harvard Business School Spreadsheet Supplement 104-703, December 2003.
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Students must evaluate the Financial Accounting Standards Board/International Accounting Standards Board's tentative decisions on comprehensive income statements.
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.
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.
This case describes the basic institutions involved in the setting of generally accepted accounting principles and the fundamental issues that institutions must address.
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.
Hawkins, David F. "Standard International Inc. (C) (TN)." Harvard Business School Teaching Note 103-057, February 2003. (Revised April 2003.)
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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.
Hawkins, David F. "Standard International Inc. (B) (TN)." Harvard Business School Teaching Note 102-067, March 2002. (Revised March 2003.)
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Hawkins, David F., and Norman Bartczak. "Standard International Inc. (A) (TN)." Harvard Business School Teaching Note 102-071, March 2002. (Revised February 2003.)
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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.
Hawkins, David F. "Healthcare Brands Corporation TN." Harvard Business School Teaching Note 102-037, November 2001. (Revised January 2003.)
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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.
Hawkins, David F. "International Business Machines Corporation (A), (B), and (C) TN." Harvard Business School Teaching Note 101-057, November 2000. (Revised April 2002.)
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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.
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.
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.
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.
Hawkins, David F. "Blaine and Mason, LLP: Gross Versus Net Revenue Reporting (A) TN." Harvard Business School Teaching Note 101-041, November 2000. (Revised April 2001.)
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Hawkins, David F. "Warnaco Group, Inc. (TN) (A) and (B)." Harvard Business School Teaching Note 101-074, February 2001. (Revised April 2001.)
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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.
Hawkins, David F., and Norman Bartczak. "Security Plus, Inc. TN." Harvard Business School Teaching Note 197-067, February 1997. (Revised April 2001.)
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Hawkins, David F. "General Electric 2000: Quality of Earnings Assessment." Harvard Business School Spreadsheet Supplement 101-707, April 2001.
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Discusses global accounting for leases by lessees and lessors with emphasis on U.S. lease accounting standards. A rewritten version of an earlier note.
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.
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.
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.
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.
Hawkins, David F. "Precision Instrument Corporation TN." Harvard Business School Teaching Note 197-055, January 1997. (Revised August 1998.)
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Hawkins, David F., and Norman Bartczak. "Champion International TN." Harvard Business School Teaching Note 197-068, April 1997. (Revised July 1997.)
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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.
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.
Hawkins, David F. "Electrical, Mining, and Industrial (EMI) Corp., Teaching Note." Harvard Business School Teaching Note 197-049, February 1997.
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Hawkins, David F. "International Oil: Confirmation of Accounts Receivable TN." Harvard Business School Teaching Note 197-053, January 1997.
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An investor must prepare pro forma financial statements as a basis for a third-party investment in his new company. The investor must make a number of accounting policy decisions.
Metallgesellschaft AG is a commodity and engineering conglomerate based in Frankfurt am Main, Germany. Metallgesellschaft Corp., a New York based subsidiary of the group, has made oil trading and hedging errors that could drive the group into insolvency. The impact of hedge accounting rules on the quality of the information available to top management is examined.
A senior manager faces three accounting and control decisions related to a new R&D project: to expense or capitalize, how to implement management control over the R&D function, and how to use activity-based cost drivers for product costing.
The owner of a small electrical supply firm has grown beyond his ability to fund growth with internally generated funds. He seeks a bank loan, which falls short of his needs.
Discusses global accounting policies for intangible assets other than goodwill. How financial analysts deal with the diversity in these practices is also covered.
Discusses accounting for intercorporate investments and the preparation of consolidated statements. U.S. and non-U.S. accounting standards are covered with emphasis on SFAS No. 52.
Presents a discussion of earnings quality --characteristics, relationship to earnings multiple, application and measurement, volatility and risk, as they affect earnings quality.
Hawkins, David F. "Omega Novelty Shop: Economic vs. Accounting Concepts, Teaching Note." Harvard Business School Teaching Note 186-221, June 1986.
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Hawkins, David F. "Prentice Stevens, Inc.: Rating Industrial Debt, Teaching Note." Harvard Business School Teaching Note 186-258, June 1986.
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