Coca-Cola will help the Financial Accounting Standards Board, the US standard setter, solve the issue of how to value stock options.
It will assess the potential costs and benefits from expensing stock options.
FASB has decided that companies should deduct the costs of stock options from their earnings statements and is now working on how to measure the value of those options as part of a standard it expects to propose early next year.
This standard is similar in nature to proposals put forward by its global counterpart, the International Accounting Standards Board, and is expected to form part of International Financial Reporting Standards, due out in 2005.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation