Have you noticed how a large number of companies curtailed or eliminated their stock option grant programs when FAS 123R became effective? You frequently hear proponents of stock option programs spout the line that stock options, like nothing else, provides…
I have a weak spot in my heart for my former students--especially if they were also my tennis or cycling buddies. Chris, of the cycling variety, recently sent me this email message:...So, today I was reading some posts on the…
Understanding the SEC’s system of publishing rules and related literature is complicated; and finding the information you need from the SEC's website, www.sec.gov, is no picinic either. Help has arrived in the form of an SEC posting to its website…
In my earlier post on executive compensation disclosures, I reported that the SEC may have surprised, and frustrated, many by issuing comment letters to some 300 companies on their executive compensation disclosures. Although the SEC never said they wouldn't send…
Regulation S-K Item 503(c) requires disclosure of the most significant factors that make an offering speculative or risky. Recently, and seemingly in response to the new requirement that these disclosures be made on an annual basis in the Form 10-K…
I have often started a class discussion with the following series of statements: We learned in Finance 101 that the value of a business is the present value of expected future distributions of cash to owners. Financial statements are the…
Every three months, the SEC Regulations Committee of the AICPA takes SEC staff members to lunch, and discuss emerging issues relating to SEC financial reporting rules and regulations. Sometimes the SEC will use the Regs Committee as a conduit to…