Eps consensus - the way forward

Article Abstract:

The UK Accounting Standards Board's Financial Reporting Standard (FRS) 14, 'Earnings Per Share,' is consistent with the approach advocated by the International Accounting Standards Committee and the US Financial Accounting Standards Board to the calculation and disclosure of earnings per share (eps). The new standard also presents guidelines on the accounting treatment of employee share plans and contingently issuable shares that are based on the US standard, FAS 128. The more significant changes introduced by FRS 14 include those that pertain to the methods for measuring the dilutive effect of some potential ordinary shares and the disclosure of basic and diluted figures. The standard takes effect for accounting periods ended on or before Dec 23, 1998.

Accounting

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FRED 16: earnings per share, June 1997

Article Abstract:

The Accounting Standards Board (ASB) has released Financial Reporting Exposure Draft (FRED) 16 for accounting for earnings per share in response to moves made by other international standards-setters regarding this topic. The proposals contained in this exposure draft, which covers the definition, assessment and presentation of earnings per share, are in accordance with the discussion paper issued by the ASB, which was in turn a reproduction of the exposure draft on earnings per share released by the International Accounting Standards Committee. The FRED will be issued as a new standard that will take the place of Statement of Standard Accounting Practice 3. The exposure draft is presented.

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