On 1 July 2018, SFU co granted 500 share appreciation rights (SAR) to its 300 managers. All rights vested on 30 June 2020, but they could be exercised from 1 July 2020 up to 30 June 2022. At the grant date, the value of each SAR was $10, and it was estimated that 5% of the managers would leave during the vesting period. On 30 June 2019, the estimate of how many managers would leave during the vesting remained at 5%. The fair value of the SARS was as follows:

	Fair value of SAR
	$
30 June 2019	9
30 June 2020	11
30 June 2021	12

All the managers who were expected to leave the employment did leave the company as expected before 30 June 2020. On 30 June 2021, 60 managers exercised their options, when the intrinsic value of the right was $10.50, and were paid in cash.

Prepare a briefing note, in which you briefly outline the accounting treatment of cash settled share based payments and provide the general entries for the 2019,2020 and 2021 financial year-ends.