The International Accounting Standards Board has published proposals to simplify the calculation of earnings per share. The aim is to eliminate differences between the methods required by International Financial Reporting Standards and US standards. The proposals are part of the short-term convergence project that the IASB is conducting jointly with the US Financial Accounting Standards Board. In particular, the proposals aim to achieve convergence by: providing a clear principle to determine which shares and other instruments should be included in the EPS calculation; clarifying the EPS calculation for particular instruments, such as contracts to sell or repurchase and entity's own shares and participating instruments; and simplifying the EPS calculation for instruments that are accounted for at fair value through profit or loss. Comments are invited by 5 December. At the same time, the IASB has published proposed amendments to eight IFRSs under its annual improvement project. The proposals range from guidance added to the appendix of IAS 18, Revenue, on how to determine whether an entity is acting as a principal or an agent, to changes of wording to clarify the meaning and remove unintended inconsistencies between IFRSs. Comments are invited by 7 November.