Amendments to simplify and achieve international convergence in the calculation of EPS.

• Position: CHANGING GUARD - Earnings per share - Brief article

The International Accounting Standards Board (IASB) has published for public comment proposals to simplify the calculation of earnings per share and to eliminate differences between the methods required by International Financial Reporting Standards and U.S. accounting standards to calculate EPS.

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The proposals are part of the short-term convergence project that the IASB is conducting jointly with FASB, which also has issued a revised Exposure Draft of a proposed Statement of Financial Accounting Standards, Earnings per Share an amendment of FASB Statement No. 128.

This proposal seeks to improve financial reporting by clarifying and simplifying...