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

Which statement about the amendments to Ind AS 102 on classification and measurement of share-based payment transactions (paragraphs 59A and 59B) is correct for Mahindra Foods Ltd, which wishes to apply them retrospectively?

Retrospective application is allowed only in accordance with Ind AS 8 and only if it is possible without hindsight. An entity electing retrospective application must apply all of the amendments made by the classification and measurement amendments, not a selected one.

  1. AIt may apply them retrospectively under Ind AS 8 only if possible without hindsight, and if it elects this it must do so for all of the amendmentsCorrect
  2. BIt may apply them retrospectively to any one amendment of its choice, without hindsight conditions
  3. CIt must apply them retrospectively in every case
  4. DIt may apply them retrospectively only if the Ministry of Corporate Affairs approves

Explanation

Paragraph 59B allows retrospective application in accordance with Ind AS 8, if and only if it is possible without hindsight. If the entity elects retrospective application, it must do so for all of the amendments. Picking only one amendment contradicts that all-or-nothing rule.

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