IAS33 BV2009 - IAS 33 International Accounting Standard 33...

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Unformatted text preview: IAS 33 International Accounting Standard 33 Earnings per Share This version includes amendments resulting from IFRSs issued up to 31 December 2008. IAS 33 Earnings Per Share was issued by the International Accounting Standards Committee in February 1997. The Standing Interpretations Committee developed SIC-24 Earnings Per Share—Financial Instruments and Other Contracts that May Be Settled in Shares (issued November 2000). In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In December 2003 the IASB issued a revised IAS 33 with a modified title— Earnings per Share . The revised standard also replaced SIC-24. Since then, IAS 33 and its accompanying documents have been amended by the following IFRSs: • IFRS 2 Share-based Payment (issued February 2004) • IFRS 3 Business Combinations (issued March 2004) • IFRS 7 Financial Instruments: Disclosures (issued August 2005) • IFRS 8 Operating Segments (issued November 2006) 1 • IAS 1 Presentation of Financial Statements (as revised in September 2007) 2 • IFRS 3 Business Combinations (as revised in January 2008) 3 • IAS 27 Consolidated and Separate Financial Statements (as amended in January 2008). 4 1 effective date 1 January 2009 2 effective date 1 January 2009 3 effective date 1 July 2009 4 effective date 1 July 2009 © IASCF 1 IAS 33 C ONTENTS paragraphs INTRODUCTION IN1–IN3 INTERNATIONAL ACCOUNTING STANDARD 33 EARNINGS PER SHARE OBJECTIVE 1 SCOPE 2–4A DEFINITIONS 5–8 MEASUREMENT 9–63 Basic earnings per share 9–29 Earnings 12–18 Shares 19–29 Diluted earnings per share 30–63 Earnings 33–35 Shares 36–40 Dilutive potential ordinary shares 41–63 Options, warrants and their equivalents 45–48 Convertible instruments 49–51 Contingently issuable shares 52–57 Contracts that may be settled in ordinary shares or cash 58–61 Purchased options 62 Written put options 63 RETROSPECTIVE ADJUSTMENTS 64–65 PRESENTATION 66–69 DISCLOSURE 70–73A EFFECTIVE DATE 74–74A WITHDRAWAL OF OTHER PRONOUNCEMENTS 75–76 APPENDICES A Application guidance B Amendments to other pronouncements APPROVAL BY THE BOARD OF IAS 33 ISSUED IN DECEMBER 2003 BASIS FOR CONCLUSIONS ILLUSTRATIVE EXAMPLES 2 © IASCF IAS 33 International Accounting Standard 33 Earnings per Share (IAS 33) is set out in paragraphs 1–76 and Appendices A and B. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 33 should be read in the context of its objective and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance....
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This note was uploaded on 02/22/2012 for the course ACCOUNTING 402 taught by Professor Sanaabadry during the Spring '12 term at DISD.

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IAS33 BV2009 - IAS 33 International Accounting Standard 33...

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