I’m quite shocked at just how wrong Book 4, Corp Governance section, page 293 is about executive stock options. I think its outdated by at least 6 years. Basically says that options aren’t required to be expensed in the U.S. OF COURSE options are required to be expensed, at grant date fair value, as per FASB statement FAS123R. Here is the link http://www.fasb.org/summary/stsum123r.shtml i wrote them a note. this actually really bums me out. if they can be THIS wrong about one thing, what else are they wrong about… sigh.
Hi Zoya, You can write to Peter Mackey CFA who is the head of CFA exams, I met him during his presentation at Phoenix CFA society. His contact is: peter.mackey@cfainstitute .org 434-951-5519 He was very open to critical comments on exams and curriculum.
thanks, hdave I might use that contact info, afterall its been a few days, no word yet from the Institute. I’ll keep you posted.