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FASB moves to simplify share-based payment accounting

FASB moves to simplify share-based payment accounting

A new FASB standard aims to simplify the accounting for sharebased payment transactions for public and private companies.

Accounting Standards Update (ASU) No. 201609, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, affects all organizations that issue sharebased payment awards to their employees.

The standard addresses topics including:

The Private Company Council (PCC) worked with FASB on the issues addressed in the updated standard. In addition to rules that affect all organizations that issue sharebased payments, the ASU contains provisions that simplify two areas specific to private companies:

For public companies, the standard takes effect for annual periods beginning after Dec. 15, 2016, and interim periods within those annual periods. For private companies, the amendments take effect for annual periods beginning after Dec. 15, 2017, and interim periods within annual periods beginning after Dec. 15, 2018. Early adoption is permitted for any organization in any interim or annual period.

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