CFO.Com has an interesting article on how companies should account for equity based compensation on their financial statements. The Financial Accounting Standard Board is being pressured to cooperate with the international views on equity based compensation, especially now that the international accounting standards board wants anyone who uses their standards to expense stock options starting in January 2005. This would upset small start up companies in the states.

"John Palafoutas, a domestic policy and congressional affairs lobbyist for the American Electronics Association, the nation's largest high-tech trade association, told TheDeal.com. We are not obligated to do what the Europeans do. They use stock options differently than we do, and we're going to keep fighting against it."