FASB proposes new illustrative examples for profits interest awards

On May 11, the FASB issued an exposure draft of a proposal that would add illustrative examples to help entities determine whether a profits interest award should be in the scope of the share-based payment guidance (ASC 718) or the general compensation guidance for cash bonus or profit-sharing awards (ASC 710). The guidance would be applied either retrospectively or prospectively to new or modified awards.

Comments are due by July 10.

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