Final statement: accounting for Share-Based Payment.

FASB Statement No. 123 (revised 2004), Share-Based Payment, requires the compensation cost relating to stock option payment transactions be recognized in financial statements.

The statement is the result of a two-year effort to improve the accounting for stock option payment arrangements with employees.

To download the statement, visit www.fasb.org/news/nr121604_ebc.shtml.

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Title Annotation:	FASB NEWS
Publication:	California CPA
Article Type:	Brief Article
Geographic Code:	1U9CA
Date:	Mar 1, 2005
Words:	55
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Topics:	Accounting Standards Professional associations Powers and duties Stock options Accounting and auditing Trade and professional associations Powers and duties

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