The Financial Accounting Standards Board (FASB) has issued a Proposed Interpretation of Accounting Principles Board (APB) Opinion No. 25 (1972). The Proposed Interpretation was issued as FASB Financial Accounting Series No. 195-B (March 31, 1999).

APB Opinion No. 25, together with the more recently issued FASB 123, sets forth basic rules for accounting for stock issued to employees. [FOOTNOTE 1] The Proposed Interpretation applies to various forms of stock awards but this article will focus on its impact on stock options. Conversations with the Staff at the FASB indicate the thinking of the Staff is not final on a number of points in the proposal.

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