CMA Final · Corporate Financial Reporting · Share based Payment (Ind AS 102)
A company applies the 2017 amendments on classification and measurement of share-based payment transactions in Ind AS 102. Which statement on their effective date and transition is correct?
The amendments apply to annual periods beginning on or after 1 April 2017. Retrospective application is allowed only if possible without hindsight, and an entity electing it must apply all the amendments, not selected ones.
- AThey apply to annual periods beginning on or after 1 April 2017, and retrospective application is permitted only if possible without hindsight, and then for all the amendmentsCorrect
- BThey apply only to periods beginning on or after 1 April 2021, and retrospective application is prohibited
- CRetrospective application may be chosen for any one amendment separately, with hindsight allowed
- DThey apply only to cash-settled awards and need no transition rules
Explanation
The amendments apply for annual periods beginning on or after 1 April 2017. An entity may apply them retrospectively under Ind AS 8 only if possible without hindsight, and if it elects this it must do so for all the amendments. Choosing one amendment alone is not allowed.
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