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FASB 123R Share-Based Payments Mar2009 GT

FASB 123R Share-Based Payments Mar2009 GT

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Published by lacegear
***AN EXCELLENT ROADMAP TOOL*** Guidance for implementing accounting and reporting of share-based payments, including SEC and PCAOB requirements and rulings (FASB 123R, FASB 141, SAB 107, SAB 110, APB No. 14, FASB 133, FASB 150, EITF Topic D-98, EITF abs00-19 and other pronouncements)
***AN EXCELLENT ROADMAP TOOL*** Guidance for implementing accounting and reporting of share-based payments, including SEC and PCAOB requirements and rulings (FASB 123R, FASB 141, SAB 107, SAB 110, APB No. 14, FASB 133, FASB 150, EITF Topic D-98, EITF abs00-19 and other pronouncements)

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Published by: lacegear on Mar 17, 2010
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09/19/2011

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March 19, 2009 NDS 2009-12
New DevelopmentsSummary  
Share-based payment
FASB Statement 123RSummary
NDS 2008-7, “Share-based payment: FASB Statement 123R,” was issued in February 2008. This bulletinupdates and supersedes NDS 2008-7. New and revised materials in this bulletin include the following:
Considerations in accounting for modifications of share-based payment awards. See section H. 
The accounting for the acceleration of deep-out-of-the-money options. See section H. 
SEC staff guidance on the effect of high stock price volatility resulting from the 2008-2009 economiccrisis on the expected volatility input in option-pricing models. See section F. 
Implications of using nonrecourse loans in share-based payment award transactions. See section F. 
The impact of FASB Statement 160 on awards based on subsidiary stock. See section B. 
SEC staff guidance on the estimate of the fair value of awards issued prior to an IPO. See 
An explanation and illustration of the application of FASB Staff Position EITF 03-6-1, “DeterminingWhether Instruments Granted in Share-Based Payment Transactions Are Participating Securities.”See section F. section K. 
A discussion of the applicability of EITF Issue 07-5, “Determining Whether an Instrument (orEmbedded Feature) Is Indexed to an Entity’s Own Stock,” to market-based instruments issued toestimate the grant-date fair value of share-based payment awards. Seesection F. 
An update of the guidance on the SEC’s executive compensation disclosure rules in Item 402 ofRegulation S-K for the SEC staff’s Compliance and Disclosure Interpretations issued in July 2008 anda summary of the staff’s comments on companies’ 2008 disclosures in an October 2008 staff speech.New section K of appendix E describes the executive compensation restrictions of governmentfinancial assistance under TARP. See appendix E.  The FASB issued Statement 123 (revised 2004) in December 2004. The SEC staff subsequently issuedimplementing guidance in Staff Accounting Bulletin (SAB) 107 in March 2005 and in SAB 110 inDecember 2007. The SEC and PCAOB staffs have provided guidance on entities’ processes, procedures,controls, and documentation related to granting options, as well as other matters affecting share-basedpayment awards. The FASB has issued FASB Staff Positions that amend the guidance in Statement123R, and the FASB Statement 123R Resource Group reached consensuses on numerousimplementation issues. In December 2007 the FASB issued Statement 141 (revised 2007),
Business Combinations 
, which provides new guidance on the accounting by acquirers for share-based payment
 
New Developments Summary 2
awards issued as replacement awards in business combinations. The EITF has reached consensusopinions on issues that affect the accounting for share-based payment awards and market-basedinstruments issued in connection with such awards. This document integrates the implementationguidance from those sources as of February 28, 2009.In 2006, the SEC issued revised Item 402, “Executive Compensation,” of Regulation S-K, whichexpanded disclosure requirements for executive compensation. In January, February, and August 2007,and in July 2008, the SEC staff issued Questions and Answers (Q&As) and Interpretive Responses toclarify certain provisions of Item 402. In October 2007 the SEC staff issued its observations onapproximately 500 registrants’ disclosures under the revised rules. John White, the then-Director of theDivision of Corporation Finance, summarized the staff’s comments on companies’ 2008 disclosures in anOctober 2008 speech. Appendix E of this bulletin, “SEC executive compensation disclosure rules,” summarizes revised Item 402 and the staff’s interpretive guidance through February 28, 2009.
 
New Developments Summary 3
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