The Securities and Exchange Commission voted to delay the effective date of a Financial Accounting Standards Board rule that requires companies to treat employee stock options as expenses.

The decision means that companies that report earnings on a calendar year have another six months before they must start treating options as expenses. The delay gives companies until the start of their first fiscal year after June 15, 2005. Under the Financial Accounting Standards Board's rule, expensing would've started with the first fiscal quarter after that date.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access