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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.

  1. 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
  2. BThey apply only to periods beginning on or after 1 April 2021, and retrospective application is prohibited
  3. CRetrospective application may be chosen for any one amendment separately, with hindsight allowed
  4. 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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