Free Essays on FAS 123- Accounting For Stock Options

FASB 123 – Accounting for Stock Options When people think of business and business practices one thought that comes to mind is money. Money is the biggest driving force for a business to be successful. With all the transactions that take place in a business, whether that business be a large corporation or a small â€Å"Mom and Pop† store, keeping track of all the flows of money can get immensely complex. That is why we have created agencies to set standards so proper accounting practices will be performed. Two of these agencies are the Securities and Exchange Commission (SEC), set up by our federal government, and the privately created, Financial Accounting Standards Board (FASB). The standards the FASB creates are known as Generally Accepted Accounting Principles (GAAP). When an accounting controversy arises accounting agencies will step in to help solve the problem. One accounting issue that was prominent in the late 1980s and early 1990s was, accounting for employee stock-based compensation or stock options. Today the accounting statement made by FASB, number 123 - Accounting for Stock-Based Compensation, is the most recent addition on how to account for stock options. But before the FASB issued this statement there were many questions, concerns, and changes of how stock options were accounted for. To better understand what Statement of Financial Accounting Standards (SFAS) No. 123 is and how it came about, the events that led up to the issuance of SFAS 123 will be identified. Also it is important to understand why the FASB sets accounting standards for the U.S. instead of the SEC, which has the ultimate power in setting rules and standards. To first begin, employee stock options give them the option to purchase the business’s stock and in a later period, employees hope to exercise these options at a higher price than the grant date. The holder of these options usually must hold stock options five to ten years... Free Essays on FAS 123- Accounting For Stock Options Free Essays on FAS 123- Accounting For Stock Options FASB 123 – Accounting for Stock Options When people think of business and business practices one thought that comes to mind is money. Money is the biggest driving force for a business to be successful. With all the transactions that take place in a business, whether that business be a large corporation or a small â€Å"Mom and Pop† store, keeping track of all the flows of money can get immensely complex. That is why we have created agencies to set standards so proper accounting practices will be performed. Two of these agencies are the Securities and Exchange Commission (SEC), set up by our federal government, and the privately created, Financial Accounting Standards Board (FASB). The standards the FASB creates are known as Generally Accepted Accounting Principles (GAAP). When an accounting controversy arises accounting agencies will step in to help solve the problem. One accounting issue that was prominent in the late 1980s and early 1990s was, accounting for employee stock-based compensation or stock options. Today the accounting statement made by FASB, number 123 - Accounting for Stock-Based Compensation, is the most recent addition on how to account for stock options. But before the FASB issued this statement there were many questions, concerns, and changes of how stock options were accounted for. To better understand what Statement of Financial Accounting Standards (SFAS) No. 123 is and how it came about, the events that led up to the issuance of SFAS 123 will be identified. Also it is important to understand why the FASB sets accounting standards for the U.S. instead of the SEC, which has the ultimate power in setting rules and standards. To first begin, employee stock options give them the option to purchase the business’s stock and in a later period, employees hope to exercise these options at a higher price than the grant date. The holder of these options usually must hold stock options five to ten years...

Anarchism and Anarchist Terrorism

Anarchism and Anarchist Terrorism Anarchism was a late 19th-century idea among a number of Europeans, Russians, and Americans that all government should be abolished, and that voluntary cooperation, rather than force, should be societys organizing principle. The word itself comes from a Greek word, anarkos, which means without a chief. The movement had its origins in the search for a way to give industrial working classes a political voice in their societies. By the turn of the 20th century, anarchism was already on the wane, to be replaced by other movements encouraging the rights of dispossessed classes and revolution. Propaganda of the Deed A number of late 19th century thinkers argued that actions, rather than words, were the best way to spread ideas. The concept was adopted by anarchists. For some, it referred to communal violence, while for  others it referenced assassinations and bombings carried out by anarchists. Anarchist Terrorism The late 19th century saw a wave of political violence inspired by anarchist ideas which were subsequently  labeled anarchist terrorism: 1881: the assassination of Russian Tsar Alexander II, by the group Narodnaya Volya1894: the assassination of the French president Marie-Francois Sadi Carnot1894: Bombing of Greenwich Observatory in London1901: the assassination of American president William McKinley in September 1901, by an anarchist, Leon Czolgosz. These assassinations led to fear among governments that there existed a vast international conspiracy of anarchist terrorists. In fact, there never was one. Anarchists Today: No Connection to Religious Terrorism or War on Terror Anarchists themselves argue that they should not be considered terrorists, or associated with terrorism. Their claims are reasonable: for one thing, most anarchists  actually oppose the use of violence to achieve political aims, and for another, violence by anarchists was historically directed at political figures, not civilians, as terrorism is. On a different note, Rick Coolsaet suggests  there is an analogy to be made between the past and the present. Muslims are often regarded now with the same mixture of fear and contempt as workers were in the 19th century. And the jihadi terrorist has the same feelings about America as his anarchist predecessor had about the bourgeoisie: he sees it as the epitome of arrogance and power. Osama bin Laden is a 21st century Ravachol, a living symbol of hatred and resistance for his followers, a bogeyman for the police and intelligence services. Today’s jihadis resemble yesterday’s anarchists: in reality, a myriad of tiny groups; in their own eyes, a vanguard rallying the oppressed masses (5). Saudi Arabia has now taken the role of Italy while 11 September 2001 is the modern version of 24 June 1894, a wake-up call to the international community.The reasons for the rise of terrorism now and anarchism then are the same. Muslims worldwide are united by a sense of unease and crisis. The Arab world seems to be more bitter, more cynical and less creative than it was in the 1980s. There is a growing sense of solidarity with other Muslims, a feeling that Islam itself is in danger. This is fertile ground for a fanatical minority.