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CMA Final · Corporate Financial Reporting · Share based Payment (Ind AS 102)

An entity elects retrospective application of the amendments to classification and measurement of share-based payment transactions under Ind AS 102. Which condition applies per the transitional provisions?

An entity may apply the amendments retrospectively under Ind AS 8 only if this is possible without hindsight. If it elects retrospective application, it must do so for all of the amendments made by the classification and measurement amendments, not selectively.

  1. AIt may do so if and only if it is possible without hindsight, and then must apply all the amendments retrospectivelyCorrect
  2. BIt may apply only the amendments it chooses, one by one
  3. CIt may do so freely, using hindsight where helpful
  4. DRetrospective application is prohibited

Explanation

Para 59B permits retrospective application in accordance with Ind AS 8 if and only if possible without hindsight, and if elected it must be done for all the amendments. Selective application is therefore not allowed.

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