Skip to content

CA Final · Financial Reporting · Ind AS 102 Share Based Payment

Anand Motors Ltd applies the amendments made to Ind AS 102 by Amendments to Classification and Measurement of Share-based Payment Transactions. From which annual reporting period must the entity apply these amendments as per the effective date paragraph?

The amendments apply to annual periods beginning on or after 1 April 2017. The 1 April 2021 date is a distractor, because it relates only to the Conceptual Framework reference amendment to the footnote in the definition of an equity instrument.

  1. AAnnual periods beginning on or after 1 April 2015
  2. BAnnual periods beginning on or after 1 April 2017Correct
  3. CAnnual periods beginning on or after 1 April 2021
  4. DAnnual periods beginning on or after 1 April 2026

Explanation

Paragraph 63D states the entity applies those amendments for annual periods beginning on or after 1 April 2017. The 1 April 2021 date relates to the amendment to the footnote of the equity instrument definition for Conceptual Framework references, so it is a different amendment.

Did you get it right without looking?

One question tells you little. A timed set on Ind AS 102 Share Based Payment shows your real accuracy, how long you take and where you lose marks.

Practise Ind AS 102 Share Based PaymentFree diagnostic mock

More Ind AS 102 Share Based Payment questions