Is there an FASB Summaries website?
I'm looking for a website or source that has a compilation of FASB statements in a digestable form. For example, if I want to know what Statement No. 123 is, then I can just do a CTRL+F and look for it, but also see a summary there as well instead of having to click on an additional PDF file. Anyone have something like this?
Summaries, no.
Here's a pretty good resource for all kinds of pronouncements though:
http://www.fasb.org/st/#ftb%2001-1
Search allbusiness.com. The site has some nice easy to read summaries on SFAS 141, 142, 144, and 123R (and other SFAS..) covering option valuation for employee stock options. In a nutshell, use black-scholes to value unexercised options, and deduct from your estimated equity value per share.
Anything using black-scholes and "guessed" volatilities is always a grey area. Plus you're not too sure which options would eventually get exercised, so you may have to assume the worst scenario (100% exercise rate) to be on the safe side, then deduct from estimated equity value.
On the reporting side, as per 123R, all issued stock options must be valued (Black-scholes) and expensed on the I/S, potentially lowering EPS.
hi randomwalk, that was the original one I've been using, but it's annoying to have to click on "Summary" to see the summary. What I want to also be able to do is to know in advance the accounting rule and then do a Ctrl+F to see which Statement No. it applies to. Thx for the effort tho.
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