Understanding Australian Accounting Standards 3E - Loftus - SMch21_sm_loftus

《Understanding Australian Accounting Standards 3E - Loftus - SMch21_sm_loftus》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、Chapter21EarningspershareSolutionsManualtoaccompanyUnderstandingAustralianAccountingStandardsByJaniceLoftus,KenLeo,RuthPicker,VictoriaWiseandKerryClarkPreparedbyVictoriaWiseJohnWiley&SonsAustralia,Ltd201321.9©JohnWileyandSonsAustralia,Ltd2013Chapter21EarningspershareDiscussionquestions1.What

2、istheearningspershareratiousedfor?Theearningspershareratioisusedtocomparetheafter-taxprofitavailabletoordinaryshareholdersofanentityonapersharebasis,withthatofotherentities.2.Whatarethecomponentsinthenumeratorandthedenominatorintheearningspersharecalculation?Earningspershareismeasuredbydivid

3、ingprofit(orloss)attributabletoordinaryshareholdersbytheweightedaveragenumberofordinarysharesoutstandingduringtheperiod.Thisratioiscomprisedoftwocomponents:anumerator(topline),andadenominator(bottomline)asfollows:·Numerator:Profitattributabletoordinaryshareholdersoftheparententity·Denominato

4、r:Weightedaveragenumberofordinarysharesoutstandingduringthereportingperiod3.Wherearetheearningspersharefiguresforaparententitypresented?Underparagraph4ofAASB133,ifanentitypresentsbothconsolidatedandseparatefinancialstatements,theAASB133disclosuresneedonlybedeterminedonthebasisofconsolidatedi

5、nformation.Astheparententityearningspershareinformationmaybehelpfultosomeusers,entitieshavetheoptionofalsodisclosingearningspersharefiguresfortheparententity.However,thisinformationcanonlybepresentedintheparent’sseparatefinancialstatementsandnotintheconsolidatedfinancialstatements(IAS33BCpar

6、agraphs5,6).4.Whyisatime-weightingfactorusedtodeterminethenumberofsharesthatisusedinthecalculationofbasicearningspershare?Astheearningspersharecalculationisfocusedontheordinaryequityofanentity,thedenominatorinthecalculationcontainsonlyordinarysharecapital.Becauseentitiesareabletomakenewshare

7、issuesduringareportingperiod,thenumberofsharesonissuecanincrease.Theyarealsoabletorepurchaseorcancelshares,whichwilldecreasethenumberofsharesonissue,andtosplitortoconsolidateshareswhichwillvarythenumberofsharesonissue.Otheractions,includingtheconve