What is back dating stock


Fulfillment by Amazon (FBA) is a service we offer sellers that lets them store their products in Amazon's fulfillment centers, and we directly pack, ship, and provide customer service for these products. Cognitive scientist and public intellectual Steven Pinker urges us to step back from the gory headlines and prophecies of doom, and instead, follow the data: In seventy-five jaw-dropping graphs, Pinker shows that life, health, prosperity, safety, peace, knowledge, and happiness are on the rise.by Ami A reader asks about back dating transactions in Quick Books.Hi Jennifer, I am not a trained accountant and am a little worried about using Quick Books. But perhaps the tax returns have not been filed yet; if so then this works in our favor.I would like to know how to add bills to Quick Books but use the dates that they came in. Just enter the transactions as of whatever date they occured, and the tax returns can be prepared based on the financial data from Quick Books.I have started accounting for a company with no accounting system and I have to back date everything for two years. Jennifer replies: Hello Ami, Yes, you can enter any date you want for any transaction you want in Quick Books. There is only one potential problem with this, and it has to do with making sure the financial statements in Quick Books match the tax returns. Just as a quick lesson for you: companies prepare their tax returns based on the financial data from their accounting systems. If the tax returns have already been filed, then I must question how the financial data was obtained to file them, since you state that the company has no accounting system.Whatever that data was, it needs to match what you are doing. Without proper training I am afraid that you will, inadvertently and without any ill-will, make mistakes in the QB file that may be difficult and expensive to correct later. Since it seems like you are concerned about doing the right thing, the best bit of advice I can offer is to see if the company will pay for you to get some bookkeeping training.This will go a long way to help them get the financial information they need.



Several senior executives have already been terminated or forced to resign.The revelations are being fueled by press and stock analyst reports of unusual correlations between option grant dates and low points in a company's stock price.These correlations appear, in some cases, simply too good to be true, leading observers to speculate that option grants were back-dated or otherwise manipulated to capture the lowest possible strike prices.The Securities and Exchange Commission reportedly has established a centralized enforcement team in Washington D. to coordinate a wide-ranging investigation of options practices, and many of the companies publicly identified as having options back-dating exposure have acknowledged receiving subpoenas from the SEC.

At the same time, the United States Attorney in Manhattan has been quick to serve criminal subpoenas on many of the same targeted companies, and some reports indicate the Internal Revenue Service is also serving subpoenas on the companies and their executives.

(1) Using a grant date earlier than the date of the compensation committee meeting at which the options were awarded; (2) Using an "effective as of" or "look back" grant date; and (3) Changing or altering the recorded date of a board resolution, board meeting, award notification, or option agreement.



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