stock ownership plans aicpa statement of position 93-6, employers apos; accounting for employee stock ownership plans issue（股票所有权计划协会声明93 - 6的位置,事情就让它雇主,占职工股票所有权计划问题）.pdfVIP

EITF ABSTRACTS Issue No. 89-10 Title: Sponsors Recognition of Employee Stock Ownership Plan Debt Dates Discussed: June 29, 1989; September 21, 1989 References: AICPA Statement of Position 76-3, Accounting Practices for Certain Employee Stock Ownership Plans AICPA Statement of Position 93-6, Employers Accounting for Employee Stock Ownership Plans ISSUE A company (sponsor) establishes a leveraged employee stock ownership plan (ESOP) in which the ESOP borrows funds from a bank or other lender. The sponsor may guarantee some or all of the debt or otherwise formally commit to the creditor to make future contributions to the ESOP sufficient to meet the debt service requirements. Alternatively, the sponsor may provide no guarantee of debt repayment or formal commitment to make future contributions. SOP 76-3 states that an obligation of an ESOP should be recorded as a liability in the financial statements of the sponsor when that obligation is guaranteed by the sponsor or the sponsor has a commitment to make contributions to the ESOP sufficient to service the ESOP debt. The issue is under what circumstances the ESOP debt should be recorded as a liability on the sponsors balance sheet. EITF DISCUSSION The Task Force reached a consensus that the debt should be recorded as a liability on the sponsors balance sheet in all circumstances except when the ESOP has the ability and intent to satisfy the debt from sources other than dividends on the sponsors stock, contributions from the sponsor, or the sale or exchange of the sponsors securities. [Note: This consensus has been nullified by SOP 93-6. S