X Ltd. is a first-time adopter of Ind AS. The date of transition is 1st April, 20X1. It has given 200 stock options to its employees. Out of these,…

CA Final · Financial Reporting · MTP · May 2025
X Ltd. is a first-time adopter of Ind AS. The date of transition is 1st April, 20X1. It has given 200 stock options to its employees. Out of these, 75 options have vested on 30th November, 20X0 and the remaining 125 will vest on 30th November, 20X1. Which of the following options are available to X Ltd. at the date of transition?
(A) For 75 options that vested before the date of transition, X Ltd. has to apply Ind AS 102 and account for the same accordingly, provided it has disclosed publicly the fair value of those equity instruments, determined at the measurement date.
(B) For 75 options that vested before the date of transition, X Ltd. is not required to apply Ind AS 102 but need to disclose the information.
(C) For 125 options that will vest after the date of transition, X Ltd. will need to account for the same as per Ind AS 102.
(D) All of the above.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

All of the above.

Topics: Ind AS 102, Ind AS 1, General

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