Date of Defense

Fall 12-5-2003

Date of Graduation

Spring 4-2004

Department

Accountancy

First Advisor

Jerry Kreuze, Accounting

Second Advisor

Mimi Coleman, Business Information Systems

Third Advisor

Sheldon Langsam, Accounting

Keywords

S.E.C., benefits packages

Abstract

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.

Access Setting

Honors Thesis-Campus Only

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