The FASB's proposals are expected to be largely the same as those in IASB IFRS 2
, which was issued last month. IFRS 2 requires that all share-based payment transactions must be recognised in the financial statements, using a fair value measurement basis. An expense is recognised when the goods or services received are consumed. The same recognition and measurement standards apply to both public and non-public companies. In the United States, currently, FASB Statement 123 allows companies to choose either to recognise the fair value of stock options and other share-based payment as expense or to disclose those fair values in the notes.