Course Information

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FAS 123R: Features of Share-Based Payments (Second Edition)
Author: Steven C. Fustolo, CPA

Description:
This course traces the evolution of guidance for stock options as an employee incentive from the late 1970s and early 1980s, when stock options became a much more important component of compensation as the high-tech industry experienced significant growth.

As a key element for retaining a quality workforce in the high-tech industry, stock options became a focus of the Financial Accounting Standards Board for treatment in the financial statements of public companies.

With its 2004 issuance of FASB No. 123R, Share-Based Payment, the board requires public companies to “expense” stock options, which is synonymous with using an external fair value method (based on an option model) to value them.

This course explores the scope of the Statement and its rules, the use of various valuation techniques for awards, and how to recognize compensation cost for an award accounted for as an equity instrument.

Topics covered include:

  • Background of the Statement
  • Effective Date of FASB No. 123R
  • Effects of the Revision
  • Requirement of the Statement
  • Valuation Techniques
  • Rules for Employee Stock Purchase Plans
  • Recognition of Compensation Cost for an Award Accounted for as an Equity Instrument
  • Accounting for Tax Effects of Shared-Based Compensation Awards

Course Details:
Price:  $64.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Overview
Advanced Preparation:  None
Course was last updated on:  10/22/09
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 4.0 CPE
QAS 4.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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