• FASB Moves to Assuage Accountants' Concerns on the Accounting Treatment of Options That May Be Settled in Cash
  • February 13, 2006
  • Law Firm: Kirkpatrick & Lockhart Preston Gates Ellis LLP - Boston Office
  • This Alert discusses a proposed clarification to the accounting rule relating to options granted to employees and directors. Some of the country's largest accounting firms expressed concern about potential negative accounting treatment for certain option plans containing fairly common language. The Financial Accounting Standards Board ("FASB") reviewed the issue raised by accountants and announced a proposed amendment that clarifies FASB's position.