Basic Earnings Per Share as per IAS 33 PRESCRIBES the principles for the determination and presentation of Basic EPS among other considerations to IMPROVE comparison over time and between different companies. Basic Earnings Per Share – What is Basic EPS? Basic EPS is the ‘Monetary Value‘ of earnings per outstanding … Read More
The ‘OBJECTIVE’ of IAS 40 is to prescribe the accounting treatment for Investment Property and related disclosure requirements. IAS 40 Effective Date An entity shall apply this Standard for annual periods beginning on or after 1 January 2005. Earlier application is ‘ENCOURAGED’. If an entity applies this Standard for a period beginning … Read More
IFRIC 14 interprets the LIMIT on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction. IFRIC 14 Effective Date An entity shall apply this Interpretation for annual periods beginning on or after 1 January 2008. Earlier application is ‘PERMITTED’. IFRIC 14 – Scope This Interpretation applies to all post‑employment … Read More
The ‘OBJECTIVE‘ of IAS 19 is to prescribe the accounting and disclosure for employee benefits. IAS 19 requires an entity to RECOGNIZE: IAS 19 Effective Date An entity shall apply this Standard for annual periods beginning on or after 1 January 2013. Earlier application is ‘PERMITTED’. If an entity applies this … Read More
IFRIC 1 applies to changes in the MEASUREMENT of any existing ‘decommissioning, restoration or similar liability‘ that is both: IFRIC 1 Effective Date An entity shall apply this Interpretation for annual periods beginning on or after 1 September 2004. Earlier application is ‘ENCOURAGED’. If an entity applies the Interpretation for … Read More
IFRS 2 Group Share-based Payment provides GUIDANCE on when ‘the Parent grants Equity-Settled SBP to the Subsidiary Co. Employee(s)‘. IFRS 2 Group Share-based Payment 1. Without Any Recharge Agreement The parent receives goods/services indirectly through the subsidiary in the form of increased investment in the subsidiary. This is due to … Read More
Modifications of Share-based Payment account for the CHANGES in share-based payments that an entity incorporates as per IFRS 2. Modifications of Share-based Payment – Modifications of Equity Settled SBP (a) Modifications that are beneficial (b) Modifications that are Not beneficial 1. Modifications that are Beneficial to Employees (a) Increase in … Read More
Share-based Payment with a Choice of Settlement a Concept as per IFRS 2 which STATES that either the Entity or Counter-party (INCLUDING Employees) has the right between ‘Equity Settled’ SBP or ‘Cash Settled’ SBP. Share-based Payment with a Choice of Settlement (As Per IFRS 2) Counter-party has the choice? Entity … Read More
Cash Settled Share-based Payments as per IFRS 2 INCLUDE the transactions in which the entity acquires goods or services by incurring liability to transfer cash or other assets to the supplier of those goods or services for amounts that are based on the price (or value) of ‘Equity Instruments’ (including … Read More
Equity Settled Share-based Payments as per IFRS 2 account for the payment for goods/services in the form of Equity Instruments (‘Shares’ or ‘Share Options’) of the Co./group company. The ‘objective‘ of IFRS 2 is to SPECIFY the financial reporting by an entity when it undertakes a share-based payment transaction. IFRS … Read More