The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Dec 30 4:00 PM EST

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To: Boca_PETE who wrote (2443)	4/25/2003 4:01:46 AM
From: Math Junkie	Read Replies (1) of 10065

IIRC, the FASB said something like, "Options have value, and it's obvious that it should be counted as an expense when something of value is given away." Of course, what they conveniently forget to mention is where that value comes from: straight out of the portfolio values of the company's shareholders, NOT out of company coffers. Inventory has value, too. The same logic would say that when they sell products, they should have to charge as an expense the full selling price, not their actual costs. It's amazing to see politics infesting the accounting profession to such a degree. It shows no more integrity than letting the Enrons of the world get away with what they did, IMO.

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