|
In particular, the proposals aim to achieve convergence by:
- providing a clear principle to determine which instruments should be included in the EPS calculation;
- clarifying the EPS calculation for particular instruments, such as contracts to sell or repurchase an entity’s own shares and participating instruments; and
- simplifying the EPS calculation for instruments that are accounted for at fair value through profit or loss.
The IASB believes that the proposals would, if implemented, simplify the calculation of EPS and increase transparency for users of financial statements.
The IASB invites comments on the exposure draft Simplifying Earnings per Share (proposed amendments to IAS 33) by 5 December 2008. The exposure draft is available on the ‘Open for Comment ’ section on www.iasb.org from today.
Printed copies (ISBN 978-1-905590-70-4) will be available shortly, at £10.00 plus shipping, from:
IASC Foundation Publications Department
30 Cannon Street
London EC4M 6XH, United Kingdom.
Tel: +44 (0)20 7332 2730
Fax +44 (0)20 7332 2749
Email: publications@iasb.org
The FASB’s exposure draft is available on the ‘Exposure Documents’ section on www.fasb.org.
Press enquiries
- Mark Byatt , Director of Corporate Communications, IASB
Telephone: +44 (0)20 7246 6472
Email: mbyatt@iasb.org
-
Sonja Horn , Communications Adviser, IASB Telephone: +44 (0)20 7246 6463 Email: shorn@iasb.org
Technical enquiries
- Peter Clark, Director of Research, IASB
Telephone: +44 (0)20 7246 6451
Email: pclark@iasb.org
- Michael Buschhueter, Project Manager, IASB
Telephone: +44 (0)20 7246 6473
Email: mbuschhueter@iasb.org
|