to the Fair Value Method
1995, when FASB issued SFAS 123, Accounting for Stock-Based
Compensation, companies have had the option to use
the fair value method of accounting for employee stock options.
Until recently, however, most companies continued to use
the intrinsic value method of APB 25. Full
the Evolution of Peer Review
firm peer review as a quality-control mechanism has always
had its supporters and detractors. On the plus side, it
has fostered best practices within the accounting profession
and facilitated registration of firms in a number of states.
Corporate Buy-Sell Agreements
a closely held corporation, shareholders are often concerned
about what might occur if one of the owners dies. Will the
deceased shareholder’s family retain the economic
value of the corporate interest?