Bill Pecoriello, beverage analyst at Morgan Stanley, points out that reporting options as an expense would have cut Pepsi's 2001 earnings per share 10%, or 17 cents per share.

FORBES: Magazine Article

In order to accurately make comparisons between basketball teams we standardized revenue and expense streams, since the methods of reporting to the Department of Education are often inconsistent from school to school.

FORBES

Federal statute requires schools to report the financials for their athletic departments, and it also helps define itemized expense and revenue categories which builds uniformity in data reporting.

FORBES: Revenue Comparisons Among Division I Men's Basketball Conferences