The standing interpretations committee developed sic24 earnings per sharefinancial instruments and other contracts that may be settled in shares issued november 2000. Indian accounting standard ind as 33 earnings per share mca. International accounting standards board 1st floor 30 cannon street london, ec4m 6xh united kingdom re. In ind 33 paragraph 15 has been amended by adding the phrase.
In2 the proposals in this exposure draft would achieve convergence by. Our detailed comments are set out in the appendix to this letter. Iasb exposure draft simplifying earnings per share eps dear sir david, we are pleased to respond on behalf of pricewaterhousecoopers to your invitation to comment on the above exposure draft, published in august 2008. Ias 33 earnings per share was issued by the international accounting standards committee in february 1997. The group applies the ifrs 9 simplified approach to measuring expected credit losses which uses a. Mandatorily convertible instruments and instruments issuable for little or no cash or other consideration paragraphs 18 and 19 of the exposure draft propose that the weighted average number of ordinary shares should include only instruments that give or are. Financial accounting standards board exposure draft.
It sums up the theory, but if you need some examples, then they are here. Illustrative ifrs consolidated financial statements for 2018. The comments are those of the technical committee for earnings per share of the. Sep 16, 2009 75this standard supersedes ias 33 earnings per share issued in 1997. Ias 33 earnings per share 2017 07 pkf international. Presentation of parents separate earnings per share bc4 the exposure draft published in may 2002 proposed deleting paragraphs 2 and 3. Ias 33 tax consequences of dividends on participating equity instruments. Draft comment letter comments should be sent to commentletter. Ed 245 proposed amendments to ias 33 simplifying earnings per share iasb comment date 5 december 2008 cover page 15kb pdf exposure draft 1mb pdf press release saica submission.
Earnings per share an amendment of fasb statement no. Ias 33 earnings per share septemberdecember 2016 diluted eps options options are often granted to directors and senior employees as an incentive for them to work harder for the entity. Entity y has two classes of equity instruments outstandingordinary shares and. The proposed amendments focus on areas of inconsistency in standards or where clarification of wording is required. Proposed amendments to ias 33 the exposure draft requested for comments on proposed amendments. Ias 33 applies to companies whose ordinary shares or potential ordinary shares are publicly traded or companies in the process of issuing such shares in public markets. Ias 33 earnings per share 2017 07 4 retrospective adjustments if the number of shares increase as a result of a capitalisation, bonus issue or share spilt, or decreases as a result of a reverse share split the calculation of the basic and diluted earnings per share for all periods presented shall be adjusted retrospectively. The exposure drafts contain no explanation regarding why the boards decided to seek convergence in application of the guidance in ias 33 and statement 128 without. Simplifying earnings per share an exposure draft of proposed amendments to ias 33 fei canada is an allindustry professional association of senior financial executives, with eleven chapters across canada and more than 2,100 members. If you continue browsing the site, you agree to the use of cookies on this website. Re fee comments on iasb exposure draft simplifying earnings per share proposed amendments to ias 33 1 fee the federation of european accountants is pleased to provide you below with its comments on the iasb exposure draft simplifying earnings per share proposed amendments to ias 33 the ed. The comments are those of the technical committee for earnings per share of the accounting standards board of japan. Oct 23, 2017 this is the short summary of the standard ias 33 earnings per share.
Ias 33 earnings per share tax arising from payments on participating equity instruments agenda paper 6c the committee received a request to clarify how an entity determines profit attributable to ordinary shareholders when calculating basic earnings per share eps. Dec 05, 2008 we appreciate the iasbs efforts on the earnings per share eps project and welcome the opportunity to provide comments on exposure draft of proposed amendments to international accounting standard ias 33 the ed, simplifying earnings per share. Aasb 3 replicates a similar exposure draft issued by the international accounting standards board iasb proposing amendments to ias 33 earnings per share on which the. Iasb exposure draft simplifying earnings per share eps.
Our response to the questions raised by the iasb in the exposure draft are contained in appendix b. Simplifying earnings per share an exposure draft of proposed amendments to ias 33 is published by the international accounting standards. Earnings per share, an amendment of fasb statement no. Simplifying earnings per share proposed amendments to ias 33 question 1. The final standard was issued in july 2014, with a proposed mandatory. Cpa australia, the institute of chartered accountants and the national. Efrag draft comment letter on the iasb exposure draft. Ias 33 tax arising from payments on participating equity instruments. This is the short summary of the standard ias 33 earnings per share.
The proposal is set out in an exposure draft ed titled simplifying earnings per share. We appreciate the iasb s efforts on the earnings per share eps project and welcome the opportunity to provide comments on exposure draft of proposed amendments to international accounting standard ias 33 the ed, simplifying earnings per share. This letter sets out our principal comments on ed 166. Ias 33 earnings per share ifrs standards tracker icaew. International accounting standards board exposure draft. Comments on exposure draft of proposed amendments to ias 33. Comments on exposure draft of simplifying earnings per share. The ifrs foundations logo and the ifrs for smes logo, the iasb logo, the hexagon device, eifrs, ias, iasb, ifric, ifrs, ifrs for smes, ifrs foundation, international accounting standards, international financial reporting standards, niif and sic are registered trade marks of the ifrs foundation, further details of which are available from the ifrs. Our responses to the specific matters for comment raised by the aasb are contained in appendix a. International accounting standards board 30 cannon street london ec4m 6xh 4 december 2008 re. Simplifying earnings per share an exposure draft of.
Ias 33 earnings per share calculations for noncumulative preferred dividends new. The iasb has proposed to amend ias 33 earnings per share eps to simplify the calculation of eps and to converge the international standard and us gaap. Response to exposure draft of simplifying earnings per share proposed amendments to ias 33 the accounting standards council asc appreciates the opportunity to comment on the exposure draft of simplifying earnings per share proposed amendments to ias 33 issued by the international accounting standards board iasb in august 2008. Deloitte comment letter on ed simplifying earnings per share. Ias 33 wiecek and young ifrs primer chapter 27 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.
Only current period declared divided is deducted from earnings. A proposed asu issued in may 2019 that would amend asc 260 to 1 require. These amendments are effective from 1 january 2019 and allows companies to measure. Question 1 mandatorily convertible instruments and instruments issuable for little or no cash or other consideration. Comments on iasb exposure draft simplifying earnings per share proposed amendments to ias 33 thank you for the opportunity to comment on the iasb exposure draft simplifying earnings per share proposed amendments to ias 33. I hope these will be in line with the boards objective of continual. Aasb exposure draft 166 simplifying earnings per share.
Comments on exposure draft of proposed amendments to ias. Earnings per share for profit from continuing operations. Referenceias 33, paragraphs a and a14 this example illustrates how an entity entity y determines profit or loss attributable to ordinary shareholders ie the numerator in the basic earnings per share eps calculation over three reporting periods. The iasb invites comments on the exposure draft simplifying earnings per share proposed amendments to ias 33 by 5 december 2008.
In 1997, the fasb and iasc concurrently issued statement 128 and ias 33. The iasb believes that the proposals would, if implemented, simplify the calculation of eps and increase transparency for users of financial statements. Learn vocabulary, terms, and more with flashcards, games, and other study tools. We agree with the observations of efrag on whether this is the appropriate moment to change the eps standard given that the equity and liabilities project is not yet completed. Simplifying earnings per share, proposed amendments to ias 33. Simplifying earnings per share proposed amendments to ias 33. A summary of each of the amendments proposed in the ed is set out in the appendix to the invitation to comment. Share split transactions are treated in the eps calculation in the same manner as bonus shares, i.
Simplifying earnings per share an exposure draft of proposed amendments to ias 33 is published by the international accounting standards board iasb for comment only. The proposals may be modified in the light of the comments received b. Aasb proposed changes to earnings per share definition will. Question 1mandatorily convertible instruments and instruments issuable for little or no cash or other consideration paragraphs 18 and 19 of the exposure draft propose that the weighted average number of ordinary shares should include only instruments that give or are deemed. Ias 33 sets out how to calculate both basic earnings per share eps and diluted eps. The exposure draft contains proposals for amendments designed to simplify ias 33 earnings per share eps and to converge the computation of eps with fas 128 earnings per share. Illustrative example accompanying agenda decision ias 33. In some jurisdictions, the ifrss are adopted in their entirety. Ias 33 calculating eps with noncumulative preference dividends. Invitation to comment on iasb exposure draft of proposed amendments to ias 33 simplifying earnings per share comments to be received by 10 november 2008 the hong kong institute of certified public accountantsinstitute financial reporting standards committee frsc is seeking comments on the iasb exposure draft which. It requires the calculation of basic and diluted earnings per share eps which must be presented on the face of the statement of profit or loss and other comprehensive income. The calculation of basic eps is based on the weighted average number of ordinary shares outstanding during the period, whereas diluted eps also includes dilutive potential ordinary shares such as options and convertible instruments if they meet certain criteria.
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