Saturday, May 28, 2005

FASB Simplifies Option-Expensing Rule

A provision in Statement 123R had previously applied to a company's former employees only for 90 days, even though many of these workers have the right to exercise options for a much longer period.

By a narrow 4-to-3 vote, the Financial Accounting Standards Board has decided to smooth out a major options-expensing wrinkle.

See full Article.