The US Financial Accounting Standards Board (FASB) has announced its second retreat in as many weeks on how corporates should account for employee stock options.
Last week the Board voted four to three in favour of allowing companies to use a portfolio-based approach to accounting for the income-tax effects of stock options. This was included in FASB’s original accounting standard, 123, but had been ruled out in the draft of a revised version, known as 123R.
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