U.S. GAAP vs. IFRS Written Comparison Analysis of the Topics Topic: Earnings Per Share Requirements: For the topic assigned, identify the source IAS or IFRS number for the International topics and the...

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Earnings per Share
Contents
The source IAS or IFRS number    3
The FASB accounting codification number(s) for the US GAAP    3
Main differences between US GAAP and IFRS    3
Better option and proposed updates    4
References    6
The source IAS or IFRS number:
The IAS which deals with the calculation and presentation of earnings per share is IAS 33. The application of IAS 33 is on those entities which trade their ordinary shares and potential ordinary shares publicly.
The FASB accounting codification number(s) for the US GAAP:
The FASB accounting codification number for the US GAAP that provides the manner in which the earnings per share needs to be computed, presented and to be disclosed in relation those companies which trade their ordinary shares and potential ordinary shares publicly is 260-10-55.
Main differences between US GAAP and IFRS:
1. Settlement of contracts in shares or cash:
As per IAS 33 Settlement of contracts in shares or cash are treated as settlement to be done in shares. These are to be considered as a part of computation of diluted earnings per share (McEnroe, John and Mary). Whereas, as per ASC 260 the same are treated as settled in shares unless any reasonable ground is provided by any policy or any...