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

Under the Ind AS 33 comparison with IAS 33, why does Ind AS 33 not contain the scope paragraph 2 of IAS 33 on entities whose shares are publicly traded or being listed, although the paragraph number is retained?

Paragraph 2 of IAS 33 was deleted from Ind AS 33 because applicability and exemptions for Ind AS are governed by the Companies Act and the Rules made under it. The paragraph number is retained only to keep numbering consistent with IAS 33.

  1. ABecause Ind AS 33 applies only to unlisted companies
  2. BBecause the applicability of or exemptions from Ind AS are governed by the Companies Act and the Rules made thereunderCorrect
  3. CBecause EPS disclosure is voluntary for all Indian entities
  4. DBecause the paragraph was replaced by a requirement to disclose EPS only in consolidated statements

Explanation

The text of paragraph 2 of IAS 33 was deleted in Ind AS 33 because applicability and exemptions are determined by the Companies Act and its Rules. The paragraph number is kept to align numbering with IAS 33. The other options contradict this stated reason.

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