1. Introduction

It has become increasingly common for entities to pay for goods or services by issuing shares or share options. Share schemes are a common feature of director and executive remuneration. Companies whose shares or share options are regarded as a valuable currency commonly use share-based payments to obtain employee and professional services.

Improvements in accounting treatment were called for. In particular, the omission of expenses arising from share-based payment transactions with employees was believed to cause economic distortions and corporate governance concerns.

IFRS 2 applies to all share-based payment transactions. There are three types:

(a) Equity-settled share-based payment transactions （權(quán)益結(jié)算股份支付）, in which the entity receives goods or services in exchange for equity instruments of the entity (including shares or share options).

(b) Cash-settled share-based payment transactions （現(xiàn)金結(jié)算股份支付）, in which the entity receives goods or services in exchange for amounts of cash that are based on the price (or value) of the entity's shares or other equity instruments of the entity.

(c) Transactions in which the entity receives or acquires goods or services and either the entity or the supplier has a choice as to whether the entity settles the transaction in cash (or other assets) or by issuing equity instruments.

2. Recognition

An entity should recognise goods or services received or acquired in a share-based payment transaction when it obtains the goods or as the services are received. Goods or services received or acquired in a share-based payment transaction should be recognised as expenses unless they qualify for recognition as assets. For example, services are normally recognised as expenses (because they are normally rendered immediately), while goods are recognised as assets.

The entity shall recognise a corresponding increase in equity if the goods or services were received in an equity-settled share-based payment transaction, or a liability if the goods orservices were acquired in a cash-settled share-based payment transaction

If the equity instruments granted vest immediately, the entity shall presume that services rendered by the counterparty have been received. In this case, on grant date the entity shall recognise the services received in full, with a corresponding increase in equity.

If the equity instruments granted do not vest until the counterparty completes a specified period of service, the entity shall account for those services as they are rendered by the counterparty during the vesting period (等待期/行權(quán)限制期）.