Skip to content

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

The 2021 amendment to Ind AS 102 concerning references to the Conceptual Framework changed the footnote to the definition of an equity instrument. How must an entity apply it?

The amendment is applied retrospectively in accordance with Ind AS 8. Where retrospective application is impracticable or involves undue cost or effort, the entity applies it by reference to the specified paragraphs of Ind AS 8.

  1. AProspectively only, with no exception
  2. BRetrospectively under Ind AS 8, but if impracticable or involving undue cost or effort, by reference to specified paragraphs of Ind AS 8Correct
  3. COnly to awards granted after the first reporting date
  4. DIt is optional and need not be applied

Explanation

Ind AS 102 requires the amendment for annual periods beginning on or after 1 April 2021, applied retrospectively under Ind AS 8. If retrospective application is impracticable or involves undue cost or effort, the entity applies it by reference to the specified paragraphs of Ind AS 8. Purely prospective application is not the general rule.

Did you get it right without looking?

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

Practise Share based Payment (Ind AS 102)Free diagnostic mock

More Share based Payment (Ind AS 102) questions