Convergence of Accounting Standards: A Comparative Analysis of the U.S. Revised Standard on Share-Based Payment and the International Accounting Standards Board's IFRS 2

The FASB's recently revised standard, SFAS 123(R), Share-Based Payment, converges closely with the IASB's identically titled standard, IFRS 2. Both standard- setting Boards continue to work closely together to achieve a coherent set of improved standards that will result in "greater international comparability." This article examines and compares the similarities and remaining differences between the two recently issued standards on share-based payments.