CMA Final · Corporate Financial Reporting · Share based Payment (Ind AS 102)
Which statement about the 'fair value' used in measuring share-based payment under Ind AS 102 is correct?
Ind AS 102 uses the term fair value in a way that differs in some respects from Ind AS 113. Therefore, when applying Ind AS 102, an entity measures fair value in accordance with Ind AS 102 itself and not under Ind AS 113 Fair Value Measurement.
- AFair value is measured under Ind AS 113 in every case
- BFair value under Ind AS 102 is measured in accordance with that Standard, not Ind AS 113, as the definitions differ in some respectsCorrect
- CFair value is always the intrinsic value on grant date
- DFair value is the face value of the shares
Explanation
Paragraph 6A states that Ind AS 102 uses 'fair value' differently from Ind AS 113, so an entity measures fair value in accordance with Ind AS 102 itself. Option 0 contradicts this. Intrinsic value and face value are not the general measure.
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