Which of the following is NOT within the scope of AASB 2 Share-based Payment.
A) Transactions in which the entity receives or acquires goods or services as part of the net assets acquired in a business combination to which IFRS 3 Business Combinations applies.
B) Equity instruments granted to employees of the acquiree in a business combination in their capacity as an employee.
C) Cancellation, replacement or other modification of share-based payment arrangements because of a business combination.
D) Cancellation, replacement or other modification of share-based payment arrangements because of other equity restructuring.

Question

Quizplus · Accepted Answer

AASB 2 Share-based Payment focuses on transactions where an entity grants equity instruments to employees or parties providing goods or services. Transactions related to business combinations and equity restructuring are discussed in other standards such as IFRS 3 Business Combinations and IAS 32 Financial Instruments: Presentation. Choice A mentions a transaction related to a business combination, which is outside the scope of AASB 2.

Which of the Following Is NOT Within the Scope of AASB