Briefly explain the accounting requirements for stock compensation plans under GAAP .

Question:

Briefly explain the accounting requirements for stock compensation plans under GAAP.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...