IASB proposes to simplify the calculation of EPS

The International Accounting Standards Board (IASB) has published for public comment proposals to simplify the calculation of earnings per share (EPS) and to eliminate differences between the methods required by International Financial Reporting Standards (IFRS) and US accounting standards to calculate EPS. The IASB invites comments on the exposure draft Simplifying Earnings per Share by December 5, 2008. (Read the IASB Press Release and visit the Project Webpage.)