Published: August, 2021
Companies often grant shares or share options to employees, directors, senior executives, or other parties such as suppliers and providers of professional services. The popularity of share plans and share option plans has made it imperative that accounting professionals understand how to account for share-based payment transactions.
IFRS 2 Share-based Payment specifies the financial reporting required by an entity to recognize share-based payment transactions (such as granted shares, share options, or share appreciation rights) in its financial statements, including transactions with employees or other parties to be settled in cash, other assets, or equity instruments of the entity. In particular, it requires an entity to reflect in its profit or loss and financial position the effects of share-based payment transactions.
IFRS 2 prescribes various disclosure requirements to enable users of financial statements to understand:
(a) The nature and extent of share-based payment arrangements that existed during the period
(b) How the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period was determined
(c) The effect of share-based payment transactions on the entity’s profit or loss for the period and on its financial position.
This online Accounting CPE webinar covers the following key topics:
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Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
May 17th, 2022
Many of the questions in the quiz were badly written so I didn't understand what was being asked. I recommend that someone reviews and edits these questions before posting them as they are not written in proper English.