The International Accounting Standards Board has amended International Financial Reporting Standard 2, Share-based Payment, to clarify that vesting conditions are service conditions and performance conditions only. Per the amendment, other features of a share-based payment are not vesting conditions. The amendment also specifies that all cancellations, whether by the entity or by other parties, should receive the same accounting treatment.
The amendment will apply for annual periods beginning on or after January 1, 2009, with earlier application permitted. |
