Based on this topic reading answer thefollowing questions in your discussion post.(Note address these questions and not theones that follow question instructions)1. What are the major recommendations ofthe stock compensation pronouncement?2. How do the provisions of GAAP in this areadiffer from the bill introduced by members ofCongress, which would require expensing foroptions issued to only the top five officers in acompany? (Focus on comparability)3. The bill in Congress urges the FASB todevelop a rule that preserves "the ability ofcompanies to use this innovative tool toattract talented employees." Do you believethat this will impact the neutrality of financialaccounting and reporting? Explain.Your response must be a minimum of 25Owords. You need to have a minimum 3citation references in APA format. In-linecitations and the complete reference must beprovided.

Based on this topic reading answer the following questions in your discussion post. (Note address these questions and not the ones that follow question instructions) 1. What are the major recommendations of the stock compensation pronouncement?

Based on this topic reading answer the following questions in your discussion post. (Note address these questions and not the ones that follow question instructions) 1. What are the major recommendations of the stock compensation pronouncement?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter7: Financial Activities

Section: Chapter Questions

Problem 21PC

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Please answer with reason for all why the option is correct and why the other options are incorrectPlease answer correct otherwise skip it The most recent example of the political process at work in standard-setting is the controversy surrounding the: A. Creation of the FASB. B. Accounting for employee stock options. C. FASB Accounting Standards Codification. D. Implementation of the fair value standard.
Richardson Company is contemplating the establishment of a share-based compensation plan to provide long-run incentives for its top management. However, members of the compensation committee of the board of directors have voiced some concerns about adopting these plans, based on news accounts related to a recent accounting standard in this area. They would like you to conduct some research on this recent standard so they can be better informed about the accounting for these plans.InstructionsIf your school has a subscription to the FASB Codification, go to http://aaahq.org/ascLogin.cfm to log in and prepare responses tothe following. Provide Codification references for your responses. (a) Identify the authoritative literature that addresses the accounting for share-based payment compensation plans.(b) Briefly discuss the objectives for the accounting for stock compensation. What is the role of fair value measurement?(c) The Richardson Company board is also considering an employee…
Richardson Company is contemplating the establishment of a share-based compensation plan to provide long-run incentives for its top management. However, members of the compensation committee of the board of directors have voiced some concerns about adopting these plans, based on news accounts related to a recent accounting standard in this area. They would like you to conduct some research on this recent standard so they can be better informed about the accounting for these plans. Instructions Access the IFRS authoritative literature at the IASB website. (Click on the IFRS tab and then register for free eIFRS access if necessary.) When you have accessed the documents, you can use the search tool in your Internet browser to respond to the following questions. (Provide paragraph citations.) a. Identify the authoritative literature that addresses the accounting for share-based payment compensation plans. b. Briefly discuss the objectives for the accounting for share-based…
You are a consultant working with various companies that are considering incorporating and listing shares on a stock exchange. One of your clients asks you about the various acronyms she has been hearing in conjunction with financial analysis. Explain the following acronyms and how they measure different things but may complement each other: EPS (earnings per share), EBITDA (earnings before interest, taxes, depreciation, and amortization), and NOPAT (net operating profit after taxes).
You are a CPA who has been hired by DEF Company to assist with their initial public offering. Prepare a memo to the president of DEF outlining the two most significant values, market value and par value, associated with stock.
One of your friends remarks, I understand that before voting on an Update to Accounting Standards, the FASB allows written comments and oral presentations in which interested parties can lobby for a particular ruling. Do you think this is a good idea? Required: Prepare a written response that discusses the advantages and disadvantages of the FASBs allowing interested parties to provide input to its deliberative process.
Your friend is considering incorporating and asks for advice. Which of the following is not a major concern? A. colors for the logo B. which state in which to incorporate C. number of shares of stock to authorize D. selection of the corporation name
You are a consultant working with various companies that are considering incorporating and listing shares on a stock exchange. Explain the importance of the EPS calculation to financial analysts who follow companies on the stock exchanges.
The statement of changes in shareholders' equity is: Question 4 options: a required statement under IFRS. a required statement under ASPE. a required statement under ASPE and IFRS. an optional statement under ASPE and IFRS. A private company: Question 5 options: must use IFRS in the preparation of financial statements. must use ASPE in the preparation of financial statements. may use both IFRS and ASPE in the preparation of financial statements. may choose between IFRS and ASPE in the preparation of financial statements.
A company plans to issue shares and wants to know the SEC's stance on the accounting treatment for the costs of issuing stock. Can these costs be deferred, or must they be expensed immediately?
Rules recently established by the Securities and Exchange Commission include a "say on pay rule that requires: Multiple Choice Audit committee review of executive compensation. Nonbinding shareholder votes on executive pay. Compensation committees as a part of corporate boards. Detailed disclosures of executive compensation. Shareholder votes on dividends declared.
When a public shareholding company changes an accounting policy voluntarily, it has to (a) Inform shareholders prior to taking the decision. (b) Account for it retrospectively. (c) Treat the effect of the change as an extraordinary item. (d) Treat it prospectively and adjust the effect of the change in the current period and future periods.