Explain the following:

1. Define a share-based compenaation plan.

2. What are the two share-based compensation plans covered under PFRS 2?

3. Explain briefy

compensation.

equity settled" share-based

4. What are share optione?

5. Explain briefly the fair value method of measuring

share-bnsed compensation.

6. Explain briefly the intrinsie value method of measuring

share-based compensation.

7. Explain the recognition of the fair value of the share

options as compensation expense.

8. Explain the accounting procedure if an entity cancels or

settles share options during the vesting period.

9. Explain share-based payment transactions in which the

employees of a subsidiary are granted rights to the equity

instrument of the parent.

10. Explain the procedures wherein the entity modified the

vesting condition on which equity instruments were

granted.