A post-implementation review of the Financial Accounting Standards Board’s 1997 standard on earnings per share found the standard generally achieved its purpose.
The post-implementation review by FASB’s parent organization, the Financial Accounting Foundation, concluded Wednesday that FASB Statement No. 128, Earnings Per Share, accomplished its objectives of simplifying the computation of earnings per share and achieving greater compatibility with international accounting standards. The review also concluded that Statement 128 provides useful information to users of financial statements.
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