10/21/2004: FASB Decides on Effective Date for Option Expensing (PDF) (FW Cook)

4 pages. Excerpt: The Financial Accounting Standards Board (FASB) made several important tentative decisions over the last week in regard to the effective date for its project on expensing employee equity based compensation. Mandatory stock option expensing for public companies would commence on a 'modified prospective' basis for quarterly reporting periods beginning after June 15, 2005, and for annual reports including those affected quarters.