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6 Cards in this Set
- Front
- Back
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AASB 2 What are the types of share based payments? |
1. Equity based transactions 2. Cash based transactions 3. 'Choice' or combination transactions |
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Definition of a share based transaction. |
where the entity receives goods or services as 'consideration' for equity instruments of the entity OR acquires the same goods or services by incurring liabilities to the supplier - 'based on the price of the entity's shares' ...or... other equity instruments of the entity. |
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AASB 2 Implications - economic and practical |
- forced previous uncosted transactions to be costed - |
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AASB 2 Disclosure |
n |
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How to measure value of the goods or services received under AASB 2 regarding equity based transactions? |
always fair value ...unless...fair value cannot be determined ie. antique or one-of-a-kind, then the value is measured to the value of the equity instruments provided. |
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b |
n |
