In March, 2016, the FASB issued Accounting Standards Update No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Account. This update simplifies accounting for share-based payment arrangements for the following: (i) income tax accounting; (ii) classification of awards; (iii) classification of cash flows and the statement of cash flows; (iv) estimating the term of an award by non-public entities and (v) the use of intrinsic value by non-public entities for all awards classified as liabilities upon initial adoption.
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