Financial Reporting


According to a tentative FASB decision in April, goods and services received in exchange for all forms of stock-based compensation result in a cost companies should recognize as an expense if they consume such goods and services ( www.fasb.org/opening_statement.pdf ; www.fasb.org/full_text.pdf ). The board’s determination comes as it begins a project to improve accounting for such transactions, whose value it says is properly measured on the basis of their fair value. FASB will deliberate this topic at upcoming public meetings and plans to issue, by the end of the year, an exposure draft that could become final in 2004.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.