Which of the following statements in relation to disclosures required under IFRS 2 is not correct?
A) Option pricing models used in valuing share options must be identified.
B) The number and weighted average exercise price of share options outstanding at the beginning and end of each period must be disclosed.
C) Information about share-based payment arrangements that are substantially the same may be aggregated.
D) The total expense arising from share-based payment transactions in which the services qualified for recognition as an asset must be disclosed.

Question

Quizplus · Accepted Answer

The incorrect statement is D because under IFRS 2, there is no specific requirement to disclose the total expense arising from share-based payment transactions in which the services qualified for recognition as an asset. Instead, IFRS 2 focuses on the fair value of share-based payments and requires disclosures that enable users of financial statements to understand the nature and extent of share-based payment arrangements that existed during the period.

Which of the Following Statements in Relation to Disclosures Required