# Staff Accounting Bulletin No. 120
> **US Securities and Exchange Commission** · Publication of Staff Accounting Bulletin. · Published 2021-12-01 · Effective 2021-12-01 · 86 FR 68111
## Document
- **Document number:** 2021-26027
- **Category:** other
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 86 FR 68111
- **CFR reference:** 17 CFR 211
- **Publication date:** 2021-12-01
- **Effective date:** 2021-12-01
- **Docket:** Release No. SAB 120
## Abstract

This staff accounting bulletin expresses the views of the staff regarding the estimation of the fair value of share-based payment transactions in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 718, Compensation--Stock Compensation ("Topic 718"), when a company is in possession of material non-public information, and modifies portions of the interpretive guidance included in the Staff Accounting Bulletin Series ("Series") in order to make the relevant interpretive guidance consistent with current authoritative accounting guidance, specifically, to update the Series to bring existing guidance into conformity with Topic 718.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2021/12/01/2021-26027/staff-accounting-bulletin-no-120)
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