IFRS 2 – Vesting conditions and cancellations
This project began as a project of the International Financial Reporting Interpretations Committee (IFRIC). However, the IFRIC was subsequently unable to reach a consensus and the issues were referred to the IASB.
The issues relate to IFRS 2 Share-based Payment:
- IFRS 2 describes vesting conditions as including service conditions and performance conditions but is silent on whether other features of a share-based payment transaction are considered vesting conditions
- IFRS 2 specifies the accounting treatment when an entity cancels a grant of equity instruments but does not state how to account for cancellations by a party other than the entity.
Current status of the project
This project has been completed. The IASB issued Vesting Conditions and Cancellations (Amendments to IFRS 2) on 17 January 2008.
|2 February 2006||Exposure Draft Vesting Conditions and Cancellations published||Comment deadline 2 June 2006|
|17 January 2008||Vesting Conditions and Cancellations (Amendments to IFRS 2) issued||Effective for annual periods beginning on or after 1 January 2009|