Syllabus B9. Reporting Financial Performance 12 / 15

a) Discuss the importance of identifying and reporting the results of discontinued operations.

b) Define and account for non-current assets held for sale and discontinued operations.

c) Indicate the circumstances where separate disclosure of material items of income and expense is required.

d) Account for changes in accounting estimates, changes in accounting policy and correction of prior period errors

e) Earnings per share (eps)

i) calculate the eps in accordance with relevant IFRS 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)
Reporting Financial Performance