a)Explain what is meant by Earnings per Share (EPS) and why it is considered essential to provide EPS in a companys financial statements. Include in your answer consideration of the P/E ratio and how it is related to EPS.

b)Discuss why regulators have thought it necessary to produce accounting (reporting) standards on EPS.

c)What is the name and number of the IASB standard dealing with EPS?

d)What are the two types of EPS required by the standard identified in part c)? Explain why each type is required.