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Dear Sir,
Could you please tell me if share splits and reverse share split are examinable under F7 and if so, what do I need to do with them?Thanks!
The following is the relevant extract from the F7 syllabus, section B 9 (e)
e)
Earnings per share (eps)
i) calculate the eps in accordance with relevant accounting standards (dealing with bonus issues, full market value issues and rights issues)
ii) explain the relevance of the diluted eps and calculate the diluted eps involving convertible debt and share options (warrants)
I see no share splits nor reverse share splits in there!
OK?
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