(IFRS) for Small and Medium-sized Entities (SMEs)

IFRS FOR SMES – JULY 2009share-based paymenttransactionsmall and medium-sizedentitiesA transaction in which the entity receives goods or services(including employee services) as consideration for equityinstruments of the entity (including shares or share options), oracquires goods or services by incurring liabilities to the supplierof those goods or services for amounts that are based on theprice of the entity’s shares or other equity instruments of theentity.Entities that:(a)do not have public accountability, and(b)publish general purpose financial statements for externalusers.An entity has public accountability if:(a)(b)it files, or it is in the process of filing, its financialstatements with a securities commission or otherregulatory organisation for the purpose of issuing anyclass of instruments in a public market, orit holds assets in a fiduciary capacity for a broad group ofoutsiders as one of its primary businesses. This istypically the case for banks, credit unions, insurancecompanies, securities brokers/dealers, mutual funds andinvestment banks.statestate (employee benefit)planstatement of cash flowsstatement of changes inequityA national, regional or local government.Employee benefit plans established by legislation to cover allentities (or all entities in a particular category, for example aspecific industry) and operated by national or local governmentor by another body (for example an autonomous agency createdspecifically for this purpose) which is not subject to control orinfluence by the reporting entity.Financial statement that provides information about thechanges in cash and cash equivalents of an entity for a period,showing separately changes during the period from operating,investing and financing activities.Financial statement that presents the profit or loss for a period,items of income and expense recognised directly in equity forthe period, the effects of changes in accounting policy andcorrections of errors recognised in the period, and (dependingon the format of the statement of changes in equity chosen bythe entity) the amounts of transactions with equity holdersacting in their capacity as equity holders during the period.226 © IASCF