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.

Question

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AASB 133 does not require restatement of diluted earnings per share for changes in assumptions or conversion of potential ordinary shares into ordinary shares for any prior period presented. This is stated in paragraph 60 of the standard.

AASB 133 Earnings Per Share Does Not Require Entities to Restate