Using a hierarchy
of wave function methods, namely ADC(2), CC2,
CCSD, CCSDR(3), and CC3, we investigate the absorption and emission
energies in a set of 24 organic compounds. For all molecules, reference
values are determined at the CC3//CC3 or CCSDR(3)//CCSDR(3) levels
and the energetic and geometric effects are decomposed considering
all possible methodological combinations between the five considered
methods. For absorption, it is found that the errors are mainly energy-driven
for ADC(2), CC2, and CCSDR(3), but not for CCSD. There is also an
error compensation between the errors made on the geometries and transition
energies for the two former approaches. For emission, the total errors
are significantly larger than for absorption due to the significant
increase of the structural component of the error. Therefore, the
selection of a very refined method to compute the fluorescence energy
will not systematically provide high accuracy if the excited-state
geometry is not also optimized at a suitable level of theory. This
is further demonstrated using results obtained from TD-DFT and hybrid
TD-DFT/wave function protocols. We also found that, compared to full
CC3, only CCSDR(3) is able to deliver errors below the 0.1 eV threshold,
a statement holding for both absorption (mean absolute error of 0.033
eV) and emission (mean absolute error of 0.066 eV)