Financial Accounting Blog

Saturday, February 21, 2004 reports that the International Accounting Standards Board will require issuers of standard stock in the European Union to "treat the costs of providing stock options as an expense on their financial statements." The article predicts that the U.S.-based FASB will do the same and contains an interesting link to an article called "Who Owns Accounting." Indeed a timely article given former Enron CEO Jeffrey Skilling pleading "Not Guilty"only yesterday.