Professional Documents
Culture Documents
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Scope of AASB 2
According to AASB 2, par. 2, an entity shall apply AASB 2
in relation to:
(a) equity-settled share-based payment transactions, in which
the entity receives goods or services as consideration for
equity instruments of the entity (including shares or share
options)
(b) cash-settled share-based payment transactions, in which
the entity acquires goods or services by incurring liabilities
to the supplier of those goods or services for amounts that
are based on the price (or value) of the entitys shares or
other equity instruments of the entity, and
(c) transactions in which the entity receives or acquires goods
or services and the terms of the arrangement provide either
the entity or the supplier of those goods or services with a
choice of whether the entity settles the transaction in cash
(or other assets) or by issuing equity instruments
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Inventory
Share capital
140 000
140 000
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15 000
15 000
If the goods or services were received in an equity-settled sharebased payment transaction, an increase in equity is recognised. If
they were received as part of a cash-settled share-based
transaction, a liability is to be recognised
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Remuneration
Calculation
200 000 ($3.00 $2.50)
200 000 ($2.90 $2.50) $100 000
200 000 ($4.10 $2.50) $80 000
30 June 2013
Dr Employee benefits expense
Cr Accrued salaries payable
30 June 2014
Dr Accrued salaries payable
Cr Employee benefits expense recouped (revenue)
100 000
100 000
20 000
20 000
30 June 2015
Dr Employee benefits expense
Cr Accrued salaries payable
240 000
1 July 2016
Dr Accrued salaries payable
Cr Bank
320 000
320 000
240 000
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Disclosure requirements
AASB 2 requires extensive disclosure under three
main headings. The entity is required to provide
information to enable the users of the financial
statements to understand:
the nature and extent of share-based payment
arrangements that existed during the period
how the fair value of the goods or services received or the
fair value of the equity instruments granted during the year
was determined, and
the effect of expenses arising from share-based
transactions on the entitys profit or loss for the period and
on its financial position
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