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FASB proposes equity-based compensation.

The Financial Accounting Standards Board has published its long-anticipated exposure draft, Share-based Payment, an Amendment of FASB Statements No. 123 and 95, which would require publicly traded companies to record share-based payments to employees, including stock options, as a compensation expense.

The proposal would align U.S. rules on options with international standards, and follows similar moves by the International Accounting Standards Board and the Canadian Accounting Standards Board.

FASB plans to hold several public roundtable meetings with constituents to discuss issues related to the proposed statement. Those meetings are tentatively scheduled for the end of June 2004 and include meetings in the San Francisco Bay Area.

The comment period for the exposure draft ends June 30. For more information, visit www.fasb.org/draft/ed_intropg_share-based_payment.shtml.

TAKING THEIR OWN ADVICE 67% of accountants file their income taxes in the first three months of the year. Robert Half Management Resources
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Title Annotation:FASB News; Financial Accounting Standards Board
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 1, 2004
Words:153
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