CMA Intermediate · Corporate Accounting and Auditing · Earnings per Share (Ind AS 33)
Ind AS 33 differs from IAS 33 regarding presentation when an entity has both consolidated and separate financial statements. Which is the Ind AS 33 requirement?
Ind AS 33 requires EPS related information to be disclosed in both consolidated and separate financial statements, whereas IAS 33 allows the entity to give it in the consolidated financial statements only.
- AEPS information is required only in the consolidated financial statements
- BEPS information is required only in the separate financial statements
- CEPS information is required in both consolidated and separate financial statementsCorrect
- DEPS information is optional in both sets of statements
Explanation
IAS 33 permits EPS information in the consolidated statements only, but Ind AS 33 requires it to be disclosed in both consolidated and separate financial statements, per the comparison in Appendix 1.
Did you get it right without looking?
One question tells you little. A timed set on Earnings per Share (Ind AS 33) shows your real accuracy, how long you take and where you lose marks.
More Earnings per Share (Ind AS 33) questions
- A listed company prepares both consolidated and separate financial statements under Ind AS. Which statement about presenting earnings per sh…
- Which statement about a rights issue offered to all existing shareholders is correct under Ind AS 33?
- Under Ind AS 33, basic earnings per share is calculated by dividing the profit or loss attributable to ordinary equity holders of the parent…
- Under Ind AS 33, the objective of diluted earnings per share is described as:
- Aarav Textiles Ltd issued 1 bonus share for every 4 shares held on 1 January 2027 (the financial year ends 31 March 2027). It had 8,00,000 e…
- Before a rights issue, Meera Foods Ltd's shares traded at Rs 60 cum-rights. The company offered 1 new share at Rs 45 for every 3 held. What …