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.

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Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.