• 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
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

EPS calculation

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

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 29, 2021 at 1:37 am #639349
    Nikitagarwal
    Participant
    • Topics: 154
    • Replies: 147
    • ☆☆☆

    Hi Sir,
    Hope you are well!
    On 31 December 20X1, the issued share capital consisted of 4,000,000
    ordinary shares of 25¢ each. On 1 July 20X2 the entity made a rights
    issue in the proportion of 1 for 4 at 50¢ per share and the shares were
    quoted immediately before the issue at $1. Its trading results for the last
    two years were as follows:
    Year ended 31 December
    20X2 20X1
    $ $
    Profit after tax 425,000 320,000
    Show the calculation of basic EPS to be presented in the financial
    statements for the year ended 31 December 20X2 (including
    comparative).

    I was calculating the weighted average no. of shares .. however I am not understanding the below calculation performed:
    Step 3 – Weighted average number of shares
    No.

    Bonus
    fraction Time

    Weighted

    average
    1 January b/f 4,000,000 1/0.9 6/12 2,222,222
    1 for 4 rights 1,000,000
    ––––––––
    1 July b/f 5,000,000 6/12 2,500,000
    –––––––– ––––––––
    4,722,222
    ––––––––

    Why B/f figures are 6/12 ? and instead right issue figures should have been instead.

    October 30, 2021 at 9:55 am #639461
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7231
    • ☆☆☆☆☆

    I’m well, thank you. The opening 4,000,000 were in issue for 6 months and so we need to multiply by the 6/12, with the 5,000,000 being in issue for the following 6 months so also multiplied by the 6/12. This is helping with the weighting calculation.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

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 Exams – Instant Poll

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

  • dubsforbill on PPE – revaluation upwards – ACCA Financial Reporting (FR)
  • saaranitinchandratre on Activity Based Costing part 3 – Advantages of, and problems with – ACCA Performance Management (PM)
  • adam on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • John Moffat on PM Chapter 7 Questions Pricing
  • John Moffat on Activity Based Costing part 3 – Advantages of, and problems with – ACCA Performance Management (PM)

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in