Practice free →
HomeCA FinalfinancialreportingInd AS 102 — SARs, Group SBP, Market Condition Timing, Modification/Cancellation, Real-World Disclosures › An equity-settled SBP is CANCELLED (including du…

An equity-settled SBP is CANCELLED (including due to non-vesting conditions not being met). Per Ind AS 102:

AReverse the expense recognised to date
BDefer recognition to next year
CCapitalise unrecognised expense to goodwill
DTreat the cancellation as an ACCELERATED VESTING: any unrecognised expense for the award is recognised IMMEDIATELY in P&L
Answer & Solution
Correct answer: D. Treat the cancellation as an ACCELERATED VESTING: any unrecognised expense for the award is recognised IMMEDIATELY in P&L
Cancellation of an equity-settled award triggers accelerated recognition of any remaining unrecognised grant-date FV. This prevents entities from cancelling awards to escape future expense.
Solve this in the app — CA Final practice & 24k+ MCQs →
Related questions