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Public Policy & Regulation

Policy Brief

Timely & True from an Owner's View: Shareholder Value Accounting for Employee Stock Options

This brief summarizes parts of “Debt vs. Equity: Accounting for Claims Contingent on Firms’ Common Stock Performance, with Particular Attention to Employee Compensation Options,” Columbia Business School, CEASA White Paper No. 1, James Ohlson and Stephen Penman.

Policy Brief

Timely & True from an Owner’s View: Shareholder Value Accounting for Performance-Contingent Claims

This brief summarizes parts of “Debt vs. Equity: Accounting for Claims Contingent on Firms’ Common Stock Performance, with Particular Attention to Employee Compensation Options,” Columbia Business School, CEASA White Paper No. 1, James Ohlson and Stephen Penman.

CEASA Comments

Debt vs. Equity? Recent FASB Staff Position

FAS 123R-4: Classification of Options and Similar Instruments Issued as Employee Compensation That Allow for Cash Settlement upon the Occurrence of a Contingent Event

Impact

Comment Letter on the Revised IAS 19 Exposure Draft

Professor Trevor Harris, Co-Director of CEASA, Comments on the Revised IAS 19 Exposure Draft.

Background: The Exposure Draft, which can be found on the IASB website, proposes various changes to accounting for defined benefit pension plans in IAS 19.

Roundtable

Roundtable on Financial Reporting and Analysis of Insurance Companies

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Columbia Business School
600 Uris Hall
3022 Broadway New York, NY 10027–6902

Phone: (212) 854-3832
Fax: (212) 316-9219 ceasa@gsb.columbia.edu

News

CEASA has recently received gifts of $125,000 each from Morgan Stanley and General Electric. In 2003, a founding gift from Morgan Stanley and GE was instrumental in creating the center, which has since produced a body of independent research for stakeholders across academia, industry, and government. With Morgan Stanley’s and GE's renewed pledge of support, CEASA is well-positioned to lead the next chapter of dialogue around security analysis and accounting issues and to generate practical policy solutions.

 

CEASA Director of Research, Suzanne Morsfield, awarded research grant from the SWIFT Institute to report on “The Future of Financial Data Standards” with co-authors Stephen Yang of Stevens Institute, and Susan Yount of Workiva.

 

CEASA co-founder, Stephen Penman, releases new Occasional Paper, “The Value Trap: Value Buys Risky Growth”, co-authored with Francesco Reggiani of Bocconi University.

Submit a Paper to CEASA

CEASA welcomes submissions for online publication of papers analyzing and proposing solutions to current issues surrounding accounting and/or security analysis policy.

Contact us to submit a paper>