ksa ifrs conversion - hyphen...
TRANSCRIPT
KEY MANAGEMENT PERSONNEL COMPENSATION:IAS 24 requires disclosure of compensation for Key Management Personnel (KMP) in total. SOCPA standards did not contain such a requirement.
“Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executiveor otherwise) of that entity.”
Examples of KMP include Chief Executive O�cer, General Manager, Chief Operating O�cer, Chief Financial O�cer etc. Other management personnel may be included if they meet the criteria given in the definition.
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Disclosure of compensationfor each of the followingcategories is required:(a) Short-term employee benefits;(b) Post-employment benefits;(c) Other long-term benefits;(d) Termination benefits; and(e) Share-based payment.
COMPENSATIONCATEGORIES
KSA IFRS CONVERSIONHYPHEN POINTS TO KNOW (PTK) SERIES