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Employee Stock Ownership Plans Unique Accounting and Reporting Issues for Employers

An employee stock ownership plan (ESOP) is a specific way to share ownership with employees and a way to provide tax benefits to the company, those who sell stock to the ESOP, and employees. Employers’ accounting for ESOPs is governed by FASB Accounting Standards Codification (FASB ASC) Topic 718, Compensation—Stock Compensation, and more specifically FASB ASC 718-40.