Ind as 102 journal entries

Question

Accepted Answer

Ind AS 102 journal entries are used to record share-based payments in financial statements.

Ind AS 102 requires companies to recognize share-based payments as an expense in their financial statements.
Journal entries for share-based payments typically involve debiting an expense account and crediting either equity or liability accounts.
For example, if a company grants stock options to employees, the journal entry would involve debiting an expense account for the fair value of the options granted and crediting a liability account for the same amount.
Another example could be granting restricted stock units (RSUs), where the journal entry would involve debiting an expense account for the fair value of the RSUs granted and crediting equity accounts.
It is important to carefully follow the guidelines of Ind AS 102 when recording these journal entries to ensure accurate financial reporting.

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