IFRS 2 applies to all share-based payments, including transactions with employees or other parties to be settled in cash, other assets, or equity instruments of the entity. There are no exceptions to the IFRS, other than for transactions to which other Standards apply (most often IFRS 3, Business Combinations). IFRS 2 also applies to transfers of equity instruments of the entity’s parent, or equity instruments of another entity in the same group as the entity, to parties that have supplied goods or services to the entity.
This course was designed to help you understand and apply the reporting requirements prescribed by IFRS 2 Share-based payment. After completing this course, you should be able to do the following:
- explain the objectives and scope of IFRS 2, and interpret the main requirements of these standards with respect to accounting and financial reporting
- identify key differences that existed between what was Canadian GAAP and IFRS 2 prior to Canada’s transition to IFRS
- perform additional research on the specific application of these standards to your organization’s situation
For other IFRS and IAS articles and courses please go to Selected IFRS Standards Series