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: The FASB expanded Topic 718 to align the accounting for nonemployee share-based payments more closely with the rules for employee awards.

: It generally does not apply to share-based payments used for financing the issuer or those granted as part of a contract with a customer (which falls under Topic 606 ). Recent Updates and Simplifications 718 dsivlgcplzip

For detailed technical guidance, you can refer to the official FASB Accounting Standards Codification (ASC) 718. : The FASB expanded Topic 718 to align

: It applies to all share-based payment transactions with both employees and nonemployees . : It applies to all share-based payment transactions

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: Recent updates, such as ASU 2021-07 , provide "practical expedients" allowing private companies to use simplified methods to determine the current price of their underlying shares, rather than more complex public-market valuations.