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

Ind AS 102 was amended through Amendments to References to the Conceptual Framework in Ind AS issued in 2021. What did the amendment change and how is it applied per the text?

The amendment changed the footnote to the definition of an equity instrument in Appendix A. It applies to annual periods beginning on or after 1 April 2021, retrospectively under Ind AS 8, with relief by reference to specified Ind AS 8 paragraphs if retrospective application is impracticable or involves undue cost or effort.

  1. AIt amended the footnote to the definition of an equity instrument in Appendix A; applied for annual periods beginning on or after 1 April 2021, retrospectively under Ind AS 8, unless impracticable or undue cost or effortCorrect
  2. BIt changed the vesting condition rules; applied prospectively from 1 April 2017
  3. CIt replaced the fair value definition with that of Ind AS 113; applied from 1 April 2021
  4. DIt amended group transaction rules; applied only to new grants

Explanation

Paragraph 63E states the amendment altered the footnote to the definition of an equity instrument in Appendix A, effective for annual periods beginning on or after 1 April 2021, applied retrospectively per Ind AS 8. If impracticable or undue cost or effort, it applies by reference to Ind AS 8 paragraphs 23-28, 50-53 and 54F. The other options misstate the subject or date.

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