Home › CA Final › financialreporting › Ind AS 102 — Share-based Payment: Scope, Grant Date, Vesting Conditions, Equity-settled vs Cash-settled › The 'GRANT DATE' under Ind AS 102 is:
The 'GRANT DATE' under Ind AS 102 is:
AThe date the entity and counterparty agree to the share-based payment arrangement with a shared understanding of all terms; if shareholder/regulatory approval is required, grant date is the date approval is obtained
BThe date of exercise
CThe vesting date
DThe date the counterparty completes service
Answer & Solution
Correct answer: A. The date the entity and counterparty agree to the share-based payment arrangement with a shared understanding of all terms; if shareholder/regulatory approval is required, grant date is the date approval is obtained
Grant date is when entity and counterparty share understanding of terms. If approval (e.g. shareholders) is required, the approval date is the grant date — not the board's recommendation date.
Related questions
A vesting condition that requires the counterparty to complete a specified period of serviUnder Ind AS 102, transactions with parties OTHER THAN EMPLOYEES (e.g. service providers) Reload Feature/Reload Option under Ind AS 102 is BEST described as:An entity received goods/services for which it issued its own shares at a value DIFFERENT An entity issues its OWN shares to a CHARITY without any consideration. Under Ind AS 102:An entity issues shares for ₹1,000 each (current equity FV ₹1,000), payable in cash by empAn entity grants share options conditional on (i) 4 years of continuous service AND (ii) sAn entity grants share options with EXERCISE PRICE conditional on a 30% increase in the sh