BusinessCompany NewsAmazon to book cost of share options

Amazon to book cost of share options

Internet retailer Amazon.com has rebelled against the stance of rival technology companies and announced its intention to book the cost of stock options as an expense in its accounts from next year.

The decision comes as the global standard setter headed by Sir David Tweedie gears up to issue a new controversial rule on accounting for stock options this autumn.

Amazon.com is the second US company this month to announce the radical accounting change, which could wipe millions off company balance sheets.

Coca-Cola took the lead last week by announcing it would charge stock options as an expense from the fourth quarter of this year.

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