Date of Defense
Date of Graduation
Jerry Kreuze, Accounting
Mimi Coleman, Business Information Systems
Sheldon Langsam, Accounting
The recent accounting and business scandals plaguing the business environment have caused the accounting community to investigate different ways to regain the trust of investors and report accurate and reliable financial statement depictions of the companies being audited. The Financial Accounting Standards Board (FASB) states that information reported in financial statements must be both relevant and reliable. Relevant information is defined as any information that influences a decision by changing, modifying, or reinforcing it. Along with the FASB, the Securities and Exchange Commission (SEC) also works to establish requirements to protect investors, creditors, and other users of financial statements. One way is to change the way stock compensation is reported. Granting stock options benefits executives and the company as a whole, and encourages executives to develop a long-term perspective. This paper examines the advantages and disadvantages of stock based compensation.
Piasecki, Lynn, "Accounting for Stock-Based Compensation" (2003). Honors Theses. 40.
Honors Thesis-Campus Only