Financial Accounting Blog

Sunday, March 07, 2004

FASB stock option rules subject to House rules Should RSA Security Inc. be required to record 80% of their stock options their reported profits would be drastically overstated for 2003. Their reported profit of 14 million dollars would have to be restated as a 21 million dollar loss.
New rules proposals require options to be shone as an expense verses a footnote in their financial reports.