EPS disclosure
Nikita Jadhav (ca student) (96 Points)
05 November 2019
Is EPS compulsarily required to be disclosed in profit / loss ac of private limited company
7 Replies
yash thakkar
(8 Points)
Replied 05 November 2019
This Standard should be applied by all the entities. However, a Small
and Medium Sized Company and a Small and Medium Sized non-corporate
entity falling in Level II or Level III, as defined in Appendix 1 to this
Compendium, ‘Applicability of Accounting Standards to Various Entities’,
may not disclose diluted earning per share (both including and excluding
extraordinary items). Further, a non-corporate Small and Medium Sized
Entity falling in level III as defined in Appendix 1 to this Compendium,
may not disclose the information required by paragraph 48(ii) of the
standard.
and Medium Sized Company and a Small and Medium Sized non-corporate
entity falling in Level II or Level III, as defined in Appendix 1 to this
Compendium, ‘Applicability of Accounting Standards to Various Entities’,
may not disclose diluted earning per share (both including and excluding
extraordinary items). Further, a non-corporate Small and Medium Sized
Entity falling in level III as defined in Appendix 1 to this Compendium,
may not disclose the information required by paragraph 48(ii) of the
standard.
Nikita Jadhav
(ca student)
(96 Points)
Replied 05 November 2019
Okay..thanx. quite detailed answer given.I will read d std .
Kapadia Pravin
(17264 Points)
Replied 06 November 2019
EPS is required to be disclosed with and without extraordinary items.
Requires the disclosure of basic and diluted EPS from continuing and discontinued operations separately
(As per AS 20 / IAS 33)
Requires the disclosure of basic and diluted EPS from continuing and discontinued operations separately
(As per AS 20 / IAS 33)
Nikita Jadhav
(ca student)
(96 Points)
Replied 06 November 2019
Okay.thanx.can you tell me where i can read practical application oriented information regarding all std.
Kapadia Pravin
(17264 Points)
Replied 06 November 2019
@ Nikita
Refer to ICAI Guidelines for each Standard.
Go to ICAI site and under Resources you will find. Can also visit bcasonline site
Refer to ICAI Guidelines for each Standard.
Go to ICAI site and under Resources you will find. Can also visit bcasonline site
Kapadia Pravin
(17264 Points)
Replied 06 November 2019
@ Nikita
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