[Illustrative Checklist] Disclosure Requirements under Ind AS 33 | Earning Per Share
- Blog|News|Account & Audit|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 4 January, 2023
Latest from Taxmann
Ind AS 33, Earning per Share prescribes the principles for the determination and presentation of EPS, so as to improve performance comparisons between different entities in the same reporting period and between different reporting periods for the same entity. Even though EPS data have limitations because of the different accounting policies that may be used for determining earnings, a consistently determined denominator enhances financial reporting.
As per the requirement of this standard, an entity is required to follow the below-mentioned disclosure requirements:
I. Where the number of ordinary or potential ordinary shares outstanding increases as a result of a capitalization, bonus issue or share split, or decreases as a result of a reverse share split, the calculation of basic and diluted EPS for all periods presented shall be adjusted retrospectively. If these changes occur after the reporting period but before the financial statements are approved for an issue, the per-share calculations for those and any prior period financial statements presented shall be based on the new number of shares. The fact that per-share calculations reflect such changes in the number of shares shall be disclosed. In addition, the basic and diluted EPS of all periods presented shall be adjusted for the effects of errors and adjustments resulting from changes in accounting policies accounted for retrospectively.
II. Check whether:
(a) The entity has disclosed the following its statement of profit and loss:
-
-
- basic and diluted EPS for profit or loss from continuing operations attributable to the ordinary equity holders of the parent entity; and
- profit or loss attributable to the ordinary equity holders of the parent entity for the period for each class of ordinary shares that has a different right to share in profit for the period.
-
(b) the entity has presented basic and diluted EPS with equal prominence for all periods presented.
Click Here To Read The Full Story
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
