www.fasb.org/fasb_staff_positions/fsp_fas123r-1.pdf.

FASB issued Staff Position (FSP) FAS 123(R)-1, Classification and Measurement of Freestanding Financial Instruments Originally Issued in Exchange for Employee Services under FASB Statement No. 123(R) (www.fasb.org/fasb_staff_ positions/fsp_fas123r-1.pdf). The board, which continues to believe freestanding financial instruments should be accounted for consistently, plans to consider broadly the distinction between liabilities and equity--a project that could significantly change other applicable GAAP. The FSP therefore defers the requirement in the statement, Share-Based Payment, that a freestanding financial instrument originally subject to the statement becomes subject to the recognition and measurement requirements of other applicable GAAP when the rights conveyed by the instrument to the holder no longer depend on his or her being an employee of the entity. The guidance is effective upon the entity's initial adoption of the statement.