LIVE GST Audit Course by CA Sachin Jain. Register Now!!

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

Reply
Follow
Share

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.

Nikita Jadhav (ca student) (96 Points)
Replied 05 November 2019

Okay..thanx. quite detailed answer given.I will read d std .

Kapadia Pravin (17249 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)