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The E&Y Guide to IFRS 2 Share-based payment
Contributed by E&Y

An overview of IFRS 2 Share-based payment

Share-based payment awards (such as share options and shares) are a key issue for executives, entrepreneurs, employees, and directors. This guide gives an overview of IFRS 2 Share-based payment (IFRS 2 or the Standard) and related interpretations IFRIC 8 Scope of IFRS 2 and IFRIC 11 Group Treasury Share Transactions. A glossary of terms relating to share-based payments is at the end of this document.

Background to IFRS 2

IFRS 2 was issued in February 2004 and prescribes the measurement and recognition principles for all share-based payment awards. IFRS 2 applies to transactions with employees and third parties, whether settled in cash, other assets (relatively uncommon, but for example, gold) or equity instruments. The Standard was recently amended with respect to vesting conditions and cancellations which became effective on 1 January 2009. The International Accounting Standards Board (IASB) is currently drafting an amendment with respect to group cash-settled awards.

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