According to a tentative FASB decision in April, goods and services received in exchange for all forms of stock-based compensation result in a cost companies should recognize as an expense if they consume such goods and services (www.fasb.org/opening_statement.pdf; www.fasb.org/full_text.pdf). (Financial Reporting).* According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a tentative tentative, adj not final or definite, such as an experimental or clinical finding that has not been validated. FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). decision in April, goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. received in exchange for all forms of stock-based compensation result in a cost companies should recognize as an expense if they consume such goods and services (www.fasb.org/opening_statement.pdf; www.fasb.org/full_text.pdf). The board's determination comes as it begins a project to improve accounting for such transactions, whose value it says is properly measured on the basis of their fair value. FASB will deliberate this topic at upcoming public meetings and plans to issue, by the end of the year, an exposure draft that could become final in 2004. |
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