CERTYNEX IFRS ACADEMY

In N+1, Kervan SA retrospectively corrects a material error of year N, which had overstated its profit. The number of shares has not changed. What becomes of the N earnings per share presented as a comparative in the N+1 financial statements?

It is adjusted for the error correction applied retrospectively, like that of all periods presented.

It stays unchanged, because the number of shares, the denominator of the calculation, has not changed.

It is corrected in a note, while earnings per share on the face of the income statement keeps the published amount.

Basic earnings per share is adjusted, while the published diluted earnings per share is maintained.