Accounting policies for share-based payments must follow the Guidance Note or applicable Accounting Standards, with a prescribed fallback.

Companies implementing share based employee benefit schemes must follow the Guidance Note on Accounting for employee share based Payments or the Accounting Standards prescribed by the professional accounting body, including the prescribed disclosure requirements; where those instruments do not prescribe treatment or disclosure for a scheme, the company must comply with the relevant Accounting Standard prescribed by the professional accounting body as the fallback.

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