The Accounting Standards Board has published an amendment to FRS 20 (IFRS 2) ‘Share-Based Payment – Group Cash-settled Share-based Payment Transactions’. The amendment clarifies both the scope of the standard and the accounting for group cash-settled share-based payment transactions in the separate or individual financial statements of the entity receiving the goods or services when that entity has no obligation to settle the share-based payments transaction.
The amendment corresponds to that issued by the International Accounting Standards Board (IASB) in June 2009 and maintains the equivalence between FRS 20 and IFRS 2. In line with the IASB withdrawing IFRIC 8 ‘Scope of IFRS 2’ and IFRIC 11 ‘Group and Treasury Share Transactions’, the ASB will withdraw UITF 41 ‘Scope of FRS 20’ and UITF 44 ‘Group and Treasury Share Transactions’.
Entities are required to apply the amendments retrospectively for annual periods beginning on or after 1 January 2010.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more