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CA Final · Financial Reporting · Ind AS 33 Earnings per Share

Ind AS 33 differs from IAS 33 in its treatment of the statement structure. Which statement correctly describes the Ind AS position on the disclosure of EPS?

The paragraphs 4A, 67A, 68A and 73A relating to a separate income statement are deleted in Ind AS 33 because Ind AS 1 removed the two-statement option. The paragraph numbers are retained to stay consistent with IAS 33, not reused for new content.

  1. AInd AS 33 retains paragraphs 4A, 67A, 68A and 73A for entities that choose a separate income statement
  2. BParagraphs 4A, 67A, 68A and 73A are deleted because Ind AS 1 removes the two-statement option, though paragraph numbers are retainedCorrect
  3. CParagraphs 4A, 67A, 68A and 73A are deleted and the paragraph numbers are reused for new Indian requirements
  4. DThose paragraphs are retained but apply only to listed entities

Explanation

Appendix 1 states that the requirements on separate income statement presentation in paragraphs 4A, 67A, 68A and 73A are deleted as a consequence of Ind AS 1 removing the two-statement option. Paragraph numbers are retained to keep consistency with IAS 33, not reused. Hence only the second statement is accurate.

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