IFRS 2 Effective Date


 IFRS 2 Effective Date

 IFRS 2 Effective Date  : An entity shall apply this IFRS for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. If an entity applies the IFRS for a period beginning before 1 January 2005, it shall disclose that fact.

 IFRS 2 Effective Date

 IFRS 2 Effective Date : An entity shall apply those amendments for annual periods beginning on or after 1 July 2009. Earlier application is permitted. If an entity applies IFRS 3 (revised 2008) for an earlier period, the amendments shall also be applied for that earlier period.

An entity shall apply the following amendments retrospectively in annual periods beginning on or after 1 January 2009-
(a) the requirements in respect of the treatment of non-vesting conditions.
(b) the revised definitions of ‘vest’ and ‘vesting conditions’.
(c) the amendments  in respect of cancellations.
Earlier application is permitted. If an entity applies these amendments for a period beginning before 1 January 2009, it shall disclose that fact.

 IFRS 2 Effective Date

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 IFRS 2 Effective Date  :  For equity-settled share-based payment transactions, the entity shall apply this IFRS to grants of shares, share options or other equity instruments that were granted after 7 November 2002 and had not yet vested at the effective date of this IFRS.

The entity is encouraged, but not required, to apply this IFRS to other grants of equity instruments if the entity has disclosed publicly the fair value of those equity instruments, determined at the measurement date.

 IFRS 2 Effective Date

 IFRS 2 Effective Date  : For all grants of equity instruments to which this IFRS is applied, the entity shall restate comparative information and, where applicable, adjust the opening balance of retained earnings for the earliest period presented.

For all grants of equity instruments to which this IFRS has not been applied (eg equity instruments granted on or before 7 November 2002), the entity shall nevertheless disclose the information.

If, after the IFRS becomes effective, an entity modifies the terms or conditions of a grant of equity instruments to which this IFRS has not been applied, the entity shall nevertheless apply  to account for any such modifications.

 IFRS 2 Effective Date

 IFRS 2 Effective Date  : For liabilities arising from share-based payment transactions existing at the effective date of this IFRS, the entity shall apply the IFRS retrospectively. For these liabilities, the entity shall restate comparative information, including adjusting the opening balance of retained earnings in the earliest period presented for which comparative information has been restated, except that the entity is not required to restate comparative information to the extent that the information relates to a period or date that is earlier than 7 November 2002.

The entity is encouraged, but not required, to apply retrospectively the IFRS to other liabilities arising from share-based payment transactions, for example, to liabilities that were settled during a period for which comparative information is presented.

 IFRS 2 Effective Date

IFRS Best Books :

Best Books

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Beginner’s Guide To Ind As & Ifrs

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Ifrs 2016

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Practical Guide To Ind As And Ifrs By Ca. Kamal Garg

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Ifrs For Smes

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International Financial Reporting Standards (Set Of 2 Volumes)

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International Financial Reporting Standards (IFRS) & Indian Accounting Practices

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IFRS Free Books :

Preparing for IFRS? - Must read below
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 FREE BOOKS

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Ind AS Super summary of IFRS Notes

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List Of Indian As Convergence With Ifrs

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Comparison of IFRS as applicable on 1st April 2011 with Ind AS placed at MCA’s website

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Module 4.As,Ifrs,Gaap

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INTRODUCTION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

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Diploma in International Financial Reporting study material

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IFRS Financial instruments

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IFRS pocket guide 2016

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IFRS Question papers :

Question papers

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IFRS Exam Questions Paper set  1

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IFRS Exam Questions Paper set 2

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IFRS Exam Questions Paper set 3

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IFRS Exam Questions Paper 4

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IFRS Exam Questions Paper 5

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IFRS Exam Questions Paper 6

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IFRS Exam Questions Paper 7

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IFRS Best Books :

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IFRS registration procedureIFRS Registration Procedure For June 2017 Exam
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 IFRS 2 Effective Date

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Watch  IFRS  sample lecture books  Here
Watch IFRS free downloads  Here

Preparing for IFRS? - Must read below
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