AASB 133 Earnings Per Share Does Not Require Entities to Restate

question 56

True/False

AASB 133 Earnings per Share does not require entities to restate diluted earnings per share of any prior period presented for changes in the assumptions used in earnings per share calculations or for the conversion of potential ordinary shares into ordinary shares.

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Definitions:

Productivity Advantage

The benefit gained in output or efficiency when individuals, companies, or countries can produce goods or services at lower costs compared to others.

Digital Technology

Electronic tools, systems, devices, and resources that generate, store, or process data, including computers, mobile devices, and the internet.

Productive Activity

An action or task that generates a valuable output or result, contributing to goals or objectives.

Unanimity

A state or condition of complete agreement or consensus among all members of a particular group or body.