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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 32 ||| Review Questions: 22 ||| Final Exam Questions: 15 |
| CPE Credits : | 3.0 |
| IRS Credits : | 0 |
| Price : | $26.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1751 |
| Description : | Earnings per share (EPS) is a popular and useful measure of a company’s profit performance. Companies with publicly held common stock or potential common stock must disclose their EPS information. EPS tells you how much profit (or loss) each share of common stock has earned after adjustments for potential dilution from options, warrants, and convertible securities are factored in. This course covers the computation, reporting, presentation, and disclosure requirements associated with EPS as stipulated in ASC 260 Earnings Per Share. It includes excerpts from and references to ASC 260, and interpretive guidance. It also provides examples to illustrate the application. Finally, this online accounting continuing education includes insights from the Securities and Exchange Commission staff. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Earnings Per Share – EPS Definition
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 06-Jan-2023 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1751 |
| Keywords : | Accounting, Accounting, Earnings, per, Share, v12, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, you should be able to:
2. Recognize how to compute basic earnings per share in a simple capital structure 3. Recognize how to compute diluted earnings per share in a complex capital structure 4. Identify the presentation and disclosure requirements of EPS data |
| Course Contents : | Chapter 1 - Accounting for Earnings per Share I. Overview of ASC 260 Basic Principles U.S. GAAP vs IFRS Subsequent Amendments II. Basic EPS General Rules Example 1: Basic EPS Calculation Step 1. Determine the Numerator Cumulative vs. Noncumulative Preferred Dividends Example 2: Numerator Adjustment - Cumulative Preferred Dividends Example 3: Numerator Adjustment - Noncumulative Preferred Dividends Changes in the Carrying Amount of Redeemable Preferred Stock Redemption or Induced Conversion of Preferred Stock Example 4: Numerator Adjustment - Redeeming Preferred Stocks with Beneficial Conversion Feature Redeemable Noncontrolling Interests Equity-Classified Instruments with a Down Round Feature Example 5: Freestanding Instruments with Down Round Features Step 2. Determine the Denominator Example 6: Weighted-Average Number of Shares Outstanding Contingently Issuable Shares Example 7: A Continued Service Requirement Comprehensive Illustrations: Basic EPS Review Questions - Section 1 II. Diluted EPS General Rules Distinguish between Dilutive and Antidilutive Security Example 8: Dilutive or Antidilutive Recognize Potential Common Shares Contingently Issuable Shares Example 9: Contingently Issuable Common Shares Options and Warrants Example 10: Treasury Stock Method Written Put Options Example 11: Reverse Treasury Stock Method Convertible Securities Example 12: If-Converted Method Comprehensive Illustration 2: Diluted EPS Review Questions - Section 2 III. Other Matters Application of the Two-Class Method Stock Dividends and Stock Splits Example 13: Stock Dividends and Stock Splits Presentation and Disclosures Presentation Example 14: Presentation - Reporting Discontinued Operations Disclosures Example 15: The Reconciliation of the Numerators and Denominators for Basic and Diluted EPS Interim Financial Reports EPS Computations in an IPO The Limitations of EPS Failure to Reflect the Cost of Equity Pro Forma EPS Confusion Real-World Case: Inflated Quarterly EPS Comprehensive Illustration 3: Two-Class Method of Computing Basic EPS Review Questions - Section 3 Glossary |
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