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NO.PZ2023040501000065 问题如下 Henrson learns thWright is going to change its executive compensation policies in fisc2017. It will replathe current stooptions with performanshare grants, referreto restrictestoawar (RSAs). The RSwill normally vest over a four-yeperioanare to baseon accounting performanmeasures terminethe Compensation Committee of the Boarof rectors. Henrson makes the following observations about the change in compensation plans:1. The full compensation expense will calculateanexpensewhen the RSare awar2. The issuanof new shares unr the new RSA plshoulimprove the company’s bt/equity ratio.3. The RSmincentivize management to manipulate accounting numbers.Whiof Henrson’s observations about the new executive compensation plis most accurate? A.Observation 1 B.Observation 2 C.Observation 3 Observation 3 is the most accurate. Because the awar are baseon accounting performanmeasure, they might incentivize management to manipulate accounting numbers in orr to ensure they will meet the targets. The compensation expense for RSAs, like stooptions, is calculategrant te but is expenseover the serviperio four years in this case. The RSwill have no effeon the to equity ratio there will no change in equity: retaineearnings will creasethe amount of the expense anpaiin capitincreaseequivalent amount. 虽然判断出来1,2肯定都是错的，3从题干中也能知道是对的，但是总是感觉这道题的考点优点偏离这个知识点，换成考RSAs的 share baseexpense 是否用授予日当天的fair vlaue的角度会不会更好呢？ 另外二级经典题做起来很累，每个题干都非常长，但是题干中的考点可能就几个单词，浪费了很多时间！尤其是Alternative那章，题和知识点有些完全不相干！

NO.PZ2023040501000065 问题如下 Henrson learns thWright is going to change its executive compensation policies in fisc2017. It will replathe current stooptions with performanshare grants, referreto restrictestoawar (RSAs). The RSwill normally vest over a four-yeperioanare to baseon accounting performanmeasures terminethe Compensation Committee of the Boarof rectors. Henrson makes the following observations about the change in compensation plans:1. The full compensation expense will calculateanexpensewhen the RSare awar2. The issuanof new shares unr the new RSA plshoulimprove the company’s bt/equity ratio.3. The RSmincentivize management to manipulate accounting numbers.Whiof Henrson’s observations about the new executive compensation plis most accurate? A.Observation 1 B.Observation 2 C.Observation 3 Observation 3 is the most accurate. Because the awar are baseon accounting performanmeasure, they might incentivize management to manipulate accounting numbers in orr to ensure they will meet the targets. The compensation expense for RSAs, like stooptions, is calculategrant te but is expenseover the serviperio four years in this case. The RSwill have no effeon the to equity ratio there will no change in equity: retaineearnings will creasethe amount of the expense anpaiin capitincreaseequivalent amount. 3. The RSmincentivize management to manipulate accounting numbers.这道题不是问的是，转变激励方式会带来的变化吗？管理层不论是哪种方式都是可以操纵报表的呀

NO.PZ2023040501000065 问题如下 Henrson learns thWright is going to change its executive compensation policies in fisc2017. It will replathe current stooptions with performanshare grants, referreto restrictestoawar (RSAs). The RSwill normally vest over a four-yeperioanare to baseon accounting performanmeasures terminethe Compensation Committee of the Boarof rectors. Henrson makes the following observations about the change in compensation plans:1. The full compensation expense will calculateanexpensewhen the RSare awar2. The issuanof new shares unr the new RSA plshoulimprove the company’s bt/equity ratio.3. The RSmincentivize management to manipulate accounting numbers.Whiof Henrson’s observations about the new executive compensation plis most accurate? A.Observation 1 B.Observation 2 C.Observation 3 Observation 3 is the most accurate. Because the awar are baseon accounting performanmeasure, they might incentivize management to manipulate accounting numbers in orr to ensure they will meet the targets. The compensation expense for RSAs, like stooptions, is calculategrant te but is expenseover the serviperio four years in this case. The RSwill have no effeon the to equity ratio there will no change in equity: retaineearnings will creasethe amount of the expense anpaiin capitincreaseequivalent amount. 疑问如标题，请老师解答，谢谢。