Alpha Ltd operates a share option plan for its officers, employees and consultants for up to 10% of its outstanding shares. Under this plan, the exercise price of each option equals the closing market...

Alpha Ltd operates a share option plan for its officers, employees and consultants for up to 10% of its outstanding shares. Under this plan, the exercise price of each option equals the closing market price of the shares on the day before the grant. Each option has a term of 5 years and vests one-third on each of the 3 years following grant date. Before this financial period, Alpha Ltd has accounted for its share option plan on settlement date and no expense has been recognised(
(a) Prepare an appropriate memorandum outlining the disclosures that will need to be made in Alpha Ltd's financial statements following the adoption of AAS82 'Share-based Payment'. (b) Review a 2016 corporate annual report of any Australian Stock Exchange(ASX) listed company and explain the compliance with share-based payment disclosure requirements.