GL Account Reconcilations

Question 1

How many GL Accounts is EC responsible for?

Answer 1

3
Stock Options Receivable - 01
Capital Stock Clearing - 02
Treasury Stock -380000001

Question 2

What is the Stock Options Receivable Account?

Answer 2

a receivable account that records the amount due from Fidelity when an employee exercises their stock options.

The account contains the cost of the shares exercised by participants (grant price) for stock options and withholding taxes for US and GM participants for unsettled trades.

The receivable is reduces when J&J receives the funds from Fidelity.

Question 3

What document type do SOPs hit the ledger as?

Answer 3

YN

Question 4

How is the stock option receivable account relieved?

Answer 4

With an interface from Fidelity when cash is send. A debit is booked to cash and a credit relieves the Stock Option Receivable. The transaction type on the ledger is “ZK”

Question 5

What document type do RSUs and PSUs hit the ledger as?

Answer 5

YM