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CMA Final · Corporate Financial Reporting · Fair Value Measurement (Ind AS 113)

Ind AS 113 omits IFRS 13's paragraph 7(b), which scopes out items under IAS 26. A student lists possible statements about this. Which is correct per Appendix 1 of Ind AS 113?

Paragraph 7(b) is deleted in Ind AS 113 because it refers to IAS 26 on retirement benefit plans, which is not relevant for companies. The paragraph number is nevertheless retained to remain consistent with the numbering of IFRS 13.

  1. AParagraph 7(b) is deleted because it refers to IAS 26, which is not relevant for companies, and its number is retained for consistency with IFRS 13Correct
  2. BParagraph 7(b) is retained in full but applies only to NBFCs
  3. CParagraph 7(b) is deleted and its paragraph number is reassigned to a new Indian requirement
  4. DParagraph 7(b) is deleted because it refers to share-based payment transactions, which are covered elsewhere

Explanation

Appendix 1 says paragraph 7(b) refers to IAS 26, Accounting and Reporting by Retirement Benefit Plans, which is not relevant for companies, so it is deleted while the number is retained to keep consistency with IFRS 13. It is not retained for NBFCs, not reassigned, and not about share-based payment.

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