The International Accounting Standards Board (IASB) has issued an amendment to IFRS 2 share-based payment, dealing with two matters – clarifying that vesting conditions are service conditions and performance conditions only.
Other features of a share-based payment are not vesting conditions. The amendment also specifies that all cancellations, whether by the entity or by other parties, should receive the same accounting treatment.
The issues addressed in the amendment were first published in an exposure draft of proposed amendments to IFRS 2 – vesting conditions and cancellations in February 2006.
See full Article.
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