New accounting rules from the Financial Accounting Standards Board will require companies to treat stock options and grants as expenses after Jan. 1, although some companies ending their fiscal year in June will start expensing options against income in this quarter.

The Council of Institutional Investors recently submitted a letter to Thomson Financial, asking the company to only provide consensus estimates including option expense (after an initial transition period) as part of Thomson's First Call estimates. Thomson had been considering providing two consensus estimates, one including and one excluding option expenses.

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