AS 102: Exposure Draft issued on proposing Accounting Standard for ‘Share Based Payment’
- Blog|News|Account & Audit|
- < 1 minute
- By Taxmann
- |
- Last Updated on 15 July, 2021
Latest from Taxmann
The Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs (MCA) are applicable to specified class of companies. However, the Accounting Standards notified under the Companies (Accounting Standard) Rules, 2021 and those issued by the ICAI are applicable to entities to whom Ind AS are not applicable. In the process of upgrading these Accounting Standards in order to keep them aligned with Ind ASs, the Accounting Standard Board (ASB) of the ICAI has issued an exposure draft proposing Accounting Standard 102 Share-based Payments to maintain consistency with the numbering of Standards under Ind ASs. Accordingly, this draft explains the provisions of the revised standard which are under the process of formulation.
One of the major difference between the Ind AS 102 and AS 102 is that revised AS 102 provides guidance regarding Employee Share- based Payment Plan Administered through a Trust whereas Ind AS 102 is silent on the same. The draft is open for public comments by 7 August 2021.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
