Os planos de opções de ações vêm sendo, cada vez mais, utilizados como forma de remuneração de empregados no Brasil, principalmente por empresas de capital aberto, cujo número, também, cresceu nos últimos anos. A contabilização das despesas de remuneração decorrentes desses planos não era requerida no Brasil até 2007. Tal contabilização envolve a definição de elementos como conta de contrapartida, valor e momento de reconhecimento dessas despesas. O terceiro elemento, momento de reconhecimento das despesas, é definido como o período no qual a empresa recebeu os serviços, conforme as práticas contábeis internacionais e norte-americanas, e não é objeto de estudo deste trabalho. A definição dos outros dois elementos é discutida neste trabalho, considerando as diferenças existentes entre as despesas calculadas com base no valor justo das opções na data da outorga e as despesas calculadas com base no valor justo das opções em cada data-base até a data de seu exercício. Essas diferenças decorrem da classificação dos planos no Patrimônio Líquido ou no Passivo, respectivamente. O benefício recebido pelo empregado no momento do exercício, que é o mesmo independente de sua classificação contábil, não deveria ser igual ao valor contabilizado, independente da classificação do Plano? Tanto o IASB quanto o FASB estipulam que os planos com liquidação pela entrega de ações, a princípio, deveriam ser classificados no Patrimônio Líquido e contabilizados pelo valor justo calculado na data da outorga e que os planos com liquidação em dinheiro, a princípio, deveriam ser classificados no Passivo e contabilizados pelo valor justo atualizado. Esta pesquisa, mediante estudo de caso das empresas cujas ações fazem parte do Ibovespa, discute os impactos decorrentes da classificação desses planos como instrumento de patrimônio e do consequente registro do valor justo calculado na data da outorga versus o valor justo atualizado a cada data de Balanço, como é adotado, atualmente, para os planos classificados no Passivo, tendo o objetivo de responder à seguinte questão: Qual dessas formas de contabilização mais se aproxima da realidade econômica da transação? Os resultados apresentados demonstram que os planos classificados no Passivo representam valores mais próximos dos valores dos benefícios recebidos pelos empregados do que os planos classificados no Patrimônio Líquido, cujos valores justos foram calculados na data da outorga dos planos, resultando, consequentemente, em divulgação mais relevante para o usuário das informações contábeis. / More and more, the stock options plans are being used as a way of remunerating employee in Brazil, most of all by the public companies, whose numbers have been growing in the last years. The recognition of the compensation costs was not required in Brazil until 2007. The accounting of these compensation costs involves the definition of elements as the contra entry, value and moment of recognizing these expenses. The third element, moment of recognizing these expenses, is defined as the period where the company receives the services, according to IFRS and US GAAP, and is not in the scope of this work. The definition of the other two elements, although, are discussed in this work, considering the differences between the expenses calculated based on the fair value at the grant date and the expenses calculated based on the fair value at each reporting date. These differences are due to classification of the plan as an element of Equity or Liability, respectively. The gain that the employee perceives at the date of exercise of the option, that is the same independent of the classification of the plan in the Balance Sheet, shouldnt be the same as the accounted value at this date? IASB and FASB agree that awards with settlement in shares should be classified in Equity and accounted for based on the fair value calculated at the grant date, and that awards with cash settlement should be classified in Liabilities and accounted for based in the fair value at each reporting date until the exercise of the options. This work discuss the impacts of the classification of these plans as equity instruments and the consequent recognition of the fair value calculated at the grant date versus the fair value calculated at each reporting date, as adopted for the plans classified in Liability, with the objective of responding the following question: Which of these ways of accounting is nearer the economic reality of the transaction?. The results show that the plans classified in Liability better represent the value of the benefits received by the employees than the plans classified in Equity, with corresponding values calculated at grant date, resulting, consequently, in more relevant information to the users.

1 Abstract Remuneration of members of the governing bodies of joint stock companies The goal of this thesis is to analyze the law regarding remuneration of members of the governing bodies of joint stock companies. The topic is a timely one, since high bonuses were one of the causes of the financial crisis. The thesis primarily devotes its attention to the law contained in the Commercial Code. The amendments to the Act on Business on the Capital Market are also mentioned. The recommendations of the European Commission and Directive of the European Parliament and Council are then subjected to analysis. Basic issues are addressed in the introduction to the thesis. The governing body of a joint stock company is the Board of Directors and deciding on its remuneration falls within the competence of the General Meeting. Frequently members of the Board of Directors also hold concurrent office in the company as employees. The difference between claimable and non-claimable bonuses and fixed and variable bonuses is explained. A member of the Board of Directors is in principle entitled to at least the usual bonus for performing his or her office according to the average use of the mandate contract. If the parties so agree or the law so stipulates, performance of the office is not paid. The actual declaration of the...

<p>This thesis conserns stock options. The writers major task has been to analyse and to show under which circumstanses, according to swedish law, options are considered to be stock options.</p>

This thesis conserns stock options. The writers major task has been to analyse and to show under which circumstanses, according to swedish law, options are considered to be stock options.

Thesis (Ph. D.)--University of Washington, 2001. / Vita. Includes bibliographical references (leaves 84-89).

published_or_final_version / Statistics and Actuarial Science / Doctoral / Doctor of Philosophy

published_or_final_version / Economics and Finance / Doctoral / Doctor of Philosophy

published_or_final_version / Statistics and Actuarial Science / Doctoral / Doctor of Philosophy

Thesis (M.B.A.)--University of Hong Kong, 1996. / Includes bibliographical references (leaf 47-49).

Thesis (M.M.S)--Carleton University, 1992. / Also available in electronic format on the Internet.