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

Regarding the Ind AS 102 amendments on classification and measurement of share-based payment transactions, which statement is correct for an entity that has not elected retrospective application?

The amendments apply for annual periods beginning on or after 1 April 2017. Retrospective application is optional and permitted only if possible without hindsight. An entity that elects it must apply all the amendments together. The 1 April 2021 date belongs to a different, Conceptual Framework amendment.

  1. AThe amendments are applied for annual periods beginning on or after 1 April 2017Correct
  2. BThe amendments apply only to annual periods beginning on or after 1 April 2021
  3. CThe entity may choose to apply only some of the amendments retrospectively
  4. DRetrospective application is allowed whenever hindsight is helpful

Explanation

The amendments apply for annual periods beginning on or after 1 April 2017. An entity may apply them retrospectively only if that is possible without hindsight. If it elects retrospective application, it must apply all of the amendments, so the options allowing partial or hindsight-based application are wrong. The 1 April 2021 date relates to the Conceptual Framework reference amendment, not this one.

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