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Accounting for leveraged ESOPs: Summary of statement of position 93‐6
Author(s) -
Rees W. Christopher,
Strauss Norman N.,
Towers Richard H.
Publication year - 1994
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970060207
Subject(s) - accounting , business , stock (firearms) , actuarial science , financial statement , position (finance) , economics , finance , engineering , audit , mechanical engineering
Abstract The accounting rules have changed for leveraged Employee Stock Option Plans. This article describes the requirements pertaining to leveraged ESOPs of SOP 93‐6, effective in 1994 for ESOPs formed after January 1, 1993 and. for shares acquired by other ESOPs after that date.