AS 20 - 382 Accounting Standard (AS) 20 (issued 2001)...

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Unformatted text preview: 382 Accounting Standard (AS) 20 (issued 2001) Earnings Per Share Contents OBJECTIVE SCOPE Paragraphs 1-3 DEFINITIONS 4-7 PRESENTATION 8-9 MEASUREMENT 10-43 Basic Earnings Per Share 10-25 Earnings-Basic 11-14 Per Share-Basic 15-25 Diluted Earnings Per Share 26-43 Earnings-Diluted 29-31 Per Share-Diluted 32-38 Dilutive Potential Equity Shares 39-43 RESTATEMENT 44-47 DISCLOSURE 48-51 APPENDICES The following Accounting Standards Interpretation (ASI) relates to AS 20: ASI 12- Applicability of AS 20 The above Interpretation is published elsewhere in this Compendium. Accounting Standard (AS) 20* (issued 2001) Earnings Per Share (This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of its objective and the Preface to the Statements of Accounting Standards 1 .) Accounting Standard (AS) 20, ‘Earning s Per Share’ , issued by the Council of the Institute of Chartered Accountants of India, comes into effect in respect of accounting periods commencing on or after 1-4-2001 and is mandatory in nature 2 from that date, in respect of enterprises whose equity shares or potential equity shares are listed on a recognised stock exchange in India. An enterprise which has neither equity shares nor potential equity shares which are so listed but which discloses earnings per share, should calculate and disclose earnings per share in accordance with this Standard from the aforesaid date 3 . However, in respect of accounting periods commencing on or after 1-4-2004, if any such enterprise does not fall in any of the following categories, it need not disclose diluted earnings per share (both including and excluding extraordinary items) and information required by * A limited revision to this Standard has been made in 2004, pursuant to which paragraphs 48 and 51 of this Standard have been revised (See footnotes 8 and 9). 1 Attention is specifically drawn to paragraph 4.3 of the Preface, according to which Accounting Standards are intended to apply only to items which are material. 2 Reference may be made to the section titled ‘Announcement s of the Council regarding status of various documents issued by the Institute of Chartered Accountants of India’ appearing at the beginning of this Compendium for a detailed discussion on the implications of the mandatory status of an accounting standard. 3 See also Accounting Standards Interpretation (ASI) 12, published elsewhere in this Compendium. 384 AS 20 (issued 2001) paragraph 48 (ii) of this Standard 4 : (i) Enterprises whose equity securities or potential equity securities are listed outside India and enterprises whose debt securities (other than potential equity securities) are listed whether in India or outside India....
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This note was uploaded on 12/07/2011 for the course MBA 0001 taught by Professor Akshat during the Spring '09 term at Institute of Management Technology.

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AS 20 - 382 Accounting Standard (AS) 20 (issued 2001)...

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