Change to Stock Compensation Calculation (Topic 718) due as of 12/15/2017

Posted by Teresa Bockwoldton May 11, 2017

A change to the Compensation - Stock Compensation (Topic 718 - formerly known as FAS 123R) was instituted this month and will be applicable to "any entity that changes the terms or conditions of a share-based payment award." Those companies affected by this change should review their overall procedures and internal controls to ensure they are updated to include these new requirements. Be sure to update your testing procedures too so this new requirement isn't missed during controls testing. 

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Tags: Topic 718, Stock Compensation, Black-Scholes, FASB Updates, FASB, Internal Control Changes, FAS 123R

PwC Point of View on FASB and IASB Proposal For Lease Accounting

Posted by Juliette Gibsonon October 9, 2013

The Financial Accounting Standards Board (FASB) and International Account Standards Board (IASB) have proposed that largely all leases be reported on a company's financial statements.  The proposal requires that leases be reported on the balance sheet.  In the income statement, leases would be recognized under a dual model as either a financing or ratably over the lease term.  

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Tags: IASB, best-practice, lease accounting, accounting, FASB