Understanding Australian Accounting Standards 3E - Loftus - SMch09_sm_loftus

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1、SolutionmanualtoaccompanyUnderstandingAustralianAccountingStandardsSolutionsManualtoaccompanyUnderstandingAustralianAccountingStandardsByJaniceLoftus,KenLeo,RuthPicker,VictoriaWiseandKerryClarkPreparedbyRuthPickerJohnWiley&SonsAustralia,Ltd20139.13©JohnWileyandSonsAustraliaLtd2013So

2、lutionmanualtoaccompanyUnderstandingAustralianAccountingStandardsChapter9:Share-basedpaymentDiscussionQuestions1.Whydostandardsettersformulaterulesonthemeasurementandrecognitionofshare-basedpaymenttransactions?PriortotheintroductionofAASB2Share-basedpayment,therewasnorequirementtore

3、cognisethecostofcompensationpaymentstoemployeesandtransactionsfortheacquisitionofgoodsandservicesfromothersinthefinancialstatement.Thissituationcanbecriticisedasreducingthetransparencyandreliabilityoffinancialstatements.Standardsettershavearguedthatrecognisingthecostofshare-basedpay

4、mentsinthefinancialstatementsofentitiesimprovestherelevance,reliabilityandcomparabilityofthatfinancialinformationandhelpsusersoffinancialinformationtounderstandbettertheeconomictransactionsaffectinganenterpriseandsupportsresourceallocationdecisions.2.Whatisthedifferencebetweenequity

5、-settledandcash-settledshare-basedpaymenttransactions?Equity-settledshare-basedpaymenttransactionsarisewhenanentityreceivesgoodsorservicesasconsiderationforitsownequityinstruments(includingsharesandshareoptions).Cash-settledshare-basedpaymenttransactionsarisewhenanentityacquiresgood

6、sorreceivesservicesbyincurringliabilities(debt)foramountsbasedonthevalueofitsownequities.Othershare-basedpaymenttransactionsmayariseinwhichtheentityreceivesoracquiresgoodsorservicesandeithertheentityorthesupplierhasthechoiceofwhetherthetransactionissettledincashorequityinstruments.3

7、.Whatisthedifferentaccountingtreatmentforinstrumentsclassifiedasdebtandthoseclassifiedasequity?Instrumentsclassifiedasdebt(liabilities)areaccountedforbyrecognisinganincreaseinanexpense(orasset)andacorrespondingincreaseindebt(aliability).Thefairvalueofsuchliabilitiesdeterminesthemeas

8、urementofthetransac