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

Mehta Infra Ltd is preparing its financial statements for a year beginning on or after 1 April 2017. The accountant asks from which date the amendments to Classification and Measurement of Share-based Payment Transactions (which amended paragraphs 19, 30-31, 33 and 52 and added paragraphs 33A-33H) apply. What is the correct answer as per Ind AS 102?

The amendments apply for annual periods beginning on or after 1 April 2017. The 1 April 2021 date belongs to a separate amendment about Conceptual Framework references, and the test is when the period begins, not when it ends.

  1. AAnnual periods beginning on or after 1 April 2021
  2. BAnnual periods beginning on or after 1 April 2015
  3. CAnnual periods beginning on or after 1 April 2017Correct
  4. DAnnual periods ending on or after 31 March 2017

Explanation

Paragraph 63D states an entity shall apply those amendments for annual periods beginning on or after 1 April 2017. The 1 April 2021 date relates to the Conceptual Framework reference amendment in paragraph 63E. The final option wrongly uses period-end instead of period-beginning.

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