• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

EPS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › EPS

  • This topic has 5 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • July 15, 2015 at 10:14 pm #260865
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    Hello Sir

    Please I need help with this question

    waffle had share capital of $7.5 million in 50c equity shares at 1 October 20×6. On 1 January 20×7 it made an issue of 4 million shares at full market price immediately followed by 1 for 3 bonus issues.
    the FS at 30 September 20×7 showed a profit for the year of 12 million.

    What is the EPS

    Sir I dont understand why the share issue of 4 million is time apportioned.

    July 16, 2015 at 8:55 am #260878
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23322
    • ☆☆☆☆☆

    Is the answer eps = 50 cents?

    July 16, 2015 at 10:16 am #260885
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    yes sir

    July 16, 2015 at 11:52 am #260894
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23322
    • ☆☆☆☆☆

    Oh! That’s a relief!

    Why is the 4 million issue time apportioned? Because we want to know the equivalent number of shares in issue for a full year!

    4 million in issue for 9 months is the equivalent of 3 million for a full year

    We need to time apportion any change in the issued share capital and that’s why the figure we’re looking for is called the Weighted Average Number of Equity Shares in issue during the year

    Ok? Or do you need more?

    July 16, 2015 at 1:06 pm #260902
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    Sir I still dont understand, i have never seen such a question before.

    July 16, 2015 at 2:29 pm #260921
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23322
    • ☆☆☆☆☆

    Then you haven’t worked through the examples in the free course notes on this site!

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Ken Garrett on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • OmarAlbeity on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Salimbek909 on The nature and structure of organisations – ACCA Paper BT
  • Sefater on Chapter 3 – Property Income and Investments – Individuals TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in