IFRS Learning Module 6: Earnings per Share (Course Id 2438)

• Who is this course for?
  This course is designed for anyone needing Continuing Professional Education (CPE), particularly CPAs, accountants, or professionals interested in IFRS standards.

• What is this course about or what problem does this course solve?
  The course provides a comprehensive overview of IAS 33 Earnings per Share, explaining how to calculate and report EPS in IFRS financial statements and addressing the convergence efforts between IFRS and U.S. GAAP.

• How can the knowledge from this course be used?
  Learners can apply this knowledge to accurately compute basic and diluted EPS, fulfill financial reporting requirements under IAS 33, and understand the differences between IFRS and U.S. GAAP.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Understanding and correctly applying EPS standards is essential for transparent and compliant financial reporting, especially for professionals dealing with international or IFRS-based financial statements.

• When is this course relevant or timely?
  The course is especially relevant for professionals needing updated IFRS training, as it reflects the latest standards and convergence efforts, with the latest revision dated December 28, 2024.

• How is a course like this consumed or used?
  This self-study course is delivered in a text format, includes review and final exam questions, and requires a 70% passing score to earn 1.5 CPE credits.

IFRS Learning Modules are a series of courses that provide in-depth overviews of various topics related to International Financial Reporting Standards (“IFRS”). IFRS represents the global accounting principles that provide the foundation for most of the world’s financial reporting. These Standards establish the recognition, measurement, presentation and disclosure requirements for transactions and events reflected in IFRS financial statements.

Module 6 of the IFRS Learning Module series presents an overview of IAS 33 Earnings per Share; this overview includes a detailed discussion of the processes for calculating and reporting earnings per share measurements in IFRS financial statements. The course also discusses the IASB’s and FASB’s efforts towards achieving convergence in EPS reporting.

NASBA QAS - Text - NASBA Registry - 2438

Module Learning Objectives

• Calculate basic and diluted earnings per share.
  
• Describe the presentation and disclosure requirements of IAS 33.
  
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of earnings per share.
  

Module 6:  Earnings per Share

1.0   Introduction to IAS 33

1.1   Objective

1.2   Scope

2.0   Capital Structures

3.0   Basic Earnings per Share

3.1   Basic EPS computation

3.2   Profit or loss attributable to ordinary equity holders

3.3   Weighted-average number of shares outstanding

4.0   Diluted Earnings per Share

4.1   Dilutive and anti-dilutive securities

4.2   Treasury share method

4.3   If-converted method

4.4   Contingently issuable shares

5.0   Presentation and Disclosure

5.1   Presentation

5.2   Disclosure

6.0   IFRS & U.S. GAAP Convergence

6.1   ASC 260 Earnings per Share

6.2   IAS 33 & ASC 260: Similarities and differences

6.3   IASB & FASB exposure drafts

7.0   Module Summary

Glossary