CERTYNEX IFRS ACADEMY

An analyst summarises in a note the effect of error corrections and policy changes on the earnings per share presented by Lanvin SA. Which sentence of the note is incorrect?

Earnings per share for the periods presented is adjusted for error corrections applied retrospectively, once the error has been corrected.

Earnings per share is also adjusted for changes in accounting policies applied retrospectively.

The adjustment applies to basic earnings per share as well as to diluted earnings per share.

The correction of a prior-period error changes earnings per share of the current period, that of prior periods remaining as published.