US GAAP versus IFRS
Earnings per share
Entities whose common shares are publicly traded, or that are in the process of issuing such shares in the public markets, must disclose substantially the same earnings per share (EPS) information under ASC 260 and IAS 33 (both titled Earnings Per Share). Both standards require the presentation of basic and diluted EPS on the face of the income statement, and both use the treasury stock method for determining the effects of stock options and warrants in the diluted EPS calculation.
Although both US GAAP and IFRS use similar methods of calculating EPS, there are a few detailed application differences.
The Boards previously began a short-term convergence project on earnings per share, but now consider the project a lower priority and do not expect further action in the near term.
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