Meta Platforms: Accounting for the AI Arms Race (with Suraj Srinivasan and Sa-Pyung Sean Shin), HBS Publishing 2026
Why does Meta argue for a shorter lease term when accounting for its data center financing arrangement while simultaneously extending the estimated useful life of its AI chips?
Available through: HBS Publishing
Backing the Buck: Circle Internet Group’s Business Model and the Economics of USDC (with Sa-Pyung Sean Shin), Ivey Publishing 2026
Explore Circle's financial statements, identify the company's key risks, and examine the accounting treatment of stablecoins.
Available through: Ivey Publishing
Adidas: No Yeezy Way Out to Account for Inventory (with Sa-Pyung Sean Shin), Ivey Publishing 2026
In the aftermath of the Kanye West controversy, how should Adidas manage its remaining Yeezy inventory? How would the company's decision be reflected in their financial statements?
Available through: HBS Publishing and Ivey Publishing
Accounting for Bitcoin at Block (with Charles C.Y. Wang and Sa-Pyung Sean Shin), HBS Publishing 2025.
Both Block and Coinbase allow customers to buy and sell bitcoin. Why does Block recognize the entire value of each bitcoin transaction as revenue, while Coinbase recognizes only the transaction fee as revenue?
Available through: HBS Publishing and Ivey Publishing
McDonald's: Franchise Accounting and the $5 Meal (with Sa-Pyung Sean Shin), Ivey Publishing 2025.
Understand McDonald's unique franchise business model, in which it owns the underlying real estate and earns rental income from franchisees, in relation to the $5 Meal promotion during 2024. Also, explore why a highly profitable company like McDonald's reports negative shareholders' equity.
Available through: HBS Publishing and Ivey Publishing
Stock-Based Compensation and Share Buyback at Uber Technologies (with Sa-Pyung Sean Shin), Ivey Publishing 2025.
Case study questioning the validity of the non-GAAP treatment of stock-based compensation and the debate over whether share repurchases should be considered an economic cost of stock-based compensation.
Available through: HBS Publishing and Ivey Publishing