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Meeting Summaries and Observer Notes


 IASB October 2008


 

The exposure draft (ED) Group Cash-settled Share-based Payment Transactions addressed how an entity that receives goods and services from its suppliers should account in its separate financial statements for share-based payment arrangements that are settled in cash by a group entity on its behalf. This was the Board’s first discussion of the project since the publication of the ED in December 2007.

The staff presented a summary of the comment analysis and of the IFRIC’s discussions in May and July. The Board tentatively confirmed the proposal in the ED to include all forms of group share-based payments in the scope of IFRS 2 Share-based Payment. However, to achieve this objective the Board also tentatively decided to amend some of the defined terms in IFRS 2 rather than amend IFRIC 11 IFRS 2—Group and Treasury Share Transactions.

The Board will consider the measurement of these arrangements at a future meeting.

Date: 10/17/2008