There are 7 cases in total, make main points with enough detail within 1-2 pages per case. practicing “good business writing” and using a memo format. Picture that you are responding to a manager or |

Your boss, the controller, is on of the executives to receive options.  Neither he nor you have had occasion to deal with GAAP on accounting for stock options.  He and you are aware of the traditional approach your company used years ago but do not know the newer method.  Your boss understands how options might benefit him personally but wants to be aware also of how the options will be reported in the financial statements.  He has asked you for a one-page synopsis of accounting for stock options under the fair value approach.  He instructed you, “I don’t care about the effect on taxes or earning per share – just the basics, please.”