• 2024 Issued Standard – IFRS 2
  The 2024 Issued Standards include all amendments issued up to and including 31 December 2023.

Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).

Note that the Issued Standards contain amendments that have a mandatory effective date that is later than 1 January 2024.

IFRS 2 requires share-based payments to be recognised in the financial statements at fair value, based on the value of the entity's shares or the value of the goods and services received.

The scope of IFRS 2 includes employee share options, transactions in which shares or other equity instruments are issued in return for goods and services, and transactions where the payment amount is based the on the price of the entity's shares.

All amendments issued up to and including 31 December 2023 are included within the IFRS Foundation’s latest version of the issued standard: 2024 Issued Standard – IFRS 2. Issued amendments may have a mandatory effective date that is later than 1 January 2024 – see individual amendments for details.

Any amendments issued on or after 1 January 2024 will not be included in the IFRS Foundation’s 2024 Issued Standards but will be listed below and identified as such.

See the Corporate Reporting Faculty’s annual IFRS factsheets for a more detailed discussion of recent IFRS amendments.

IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments
Addresses the accounting by an entity which issues equity instruments in order to settle, in full or part, a financial liability.

UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.