Executive Stock Options in the Petroleum Industry: A Comparative Illustration of the Accounting, Valuation, and Compensation Requirements under SFAS No. 123
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Dan Ward, Suzanne Ward, and Thomas Wilson
SFAS No. 123 now requires oil and gas firms to report stock options as a part of the executive compensation package. The authors use a hypothetical petroleum firm to illustrate the significant financial reporting consequences for oil and gas firms between the old and new reporting requirements.
Executive Stock Options in the Petroleum Industry: A Comparative Illustration of the Accounting, Valuation, and Compensation Requirements under SFAS No. 123. Ward, Dan; Ward, Suzanne; and Wilson, Thomas, Summer 1997, pp. 38‑51.