Within the context of the IFRS for SMEs, the learning objectives of the Section 26 training module are designed to allow participants to:

• Identify share-based payment transactions.
• Apply the recognition requirements for share-based payment transactions, including the requirements when there are vesting conditions.
• Apply the measurement principle for recording equity-settled share-based payment transactions, including shares and share options.
• Account for modification of terms and cancellations and settlements of equity-settled share-based payment transactions.
• Account for cash-settled share-based payment transactions, including share-based payment transactions with cash-settled alternatives.
• Understand how to account for government-mandated share-based payment plans.
• Demonstrate an understanding of the significant judgements that are required in accounting for share-based payment transactions.
• Disclose share-based payment arrangements in financial statements.

In total, the IFRS Foundation is developing 35 stand-alone training modules for each section of the IFRS for SMEs with most of the modules being available in Arabic, Russian, Spanish, and Turkish. The IFRS Foundation hopes to expand the number of languages in which the modules are available.

Please click for more information on the Section 26 training module or access all training modules on the IASB website (free registration is required to access the individual modules).