Accounting Question: Treasury Method

Hey guys, quick question for anyone who is well-versed in accounting:

With the Treasury Method, there are three considerations. 1)The cash proceeds from issuing new shares. 2)The non-expensed (non-vested) value of options. 3)The excess tax benefit.

Can anyone please explain the second consideration? Why am I buying back additional stock valued at the non-expensed value. I get this this helps curb dilution, but why do I need to do so if earnings were not affected because there was no expense???

Thanks!

2 Comments
 

What do you mean earnings were not affected because there was no expense? First, TSM is just an assumption and is by no means a strict code of process. By repurchasing shares, it brings the share count down from the increased outstanding shares number caused by the dilution from the additional shares being created from the exercised options. It does affect earnings in that sense, because the lower your shares outstanding, the higher your EPS. That's all there is to it

"An investment in knowledge pays the best interest." - Benjamin Franklin
 

Non doloribus voluptatibus ipsum. Perspiciatis inventore fuga exercitationem. Reprehenderit cumque harum et. Ab corrupti magni eos quos.

Totam neque saepe nesciunt et quia libero fugit. Dolorem omnis ut ducimus quia ex exercitationem. Fugiat vel aliquid necessitatibus dolore modi. Reprehenderit sed aut sapiente voluptate eos dolorem doloremque.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”