Headline Earnings
The definition for the headline earnings figure for quoted companies
published in the Financial Times was devised by a sub-group of
CFA UK's Accounting Advocacy Committee.
In the light of the introduction of IFRS this definition has recently been revised.
Download a copy of the Definition of Headline Earnings. This definition is contained in a circular issued by the South African Institute of Chartered Accountants with whom CFA UK has cooperated on the definition.
Read the society's covering note, accompanying the circular.
Latest News
Letter to FT regarding CRUF and Headline Earnings
[Published: Friday November 2nd 2007]
On Thursday 1st November, the FT carried an article relating to a
letter sent by the Corporate Reporting User’s Forum to the IASB and to
the FASB. The letter expressed concern that the IASB and FASB’s
preliminary paper on the presentation of financial statements might not
require the inclusion of a single earnings figure. The relevant extract
from the letter is contained at the foot of this piece.
UKSIP's pioneering work on headline earnings reaches a new milestone
[Monday, 3 September, 2007]
On
31st August UKSIP’s pioneering work on headline earnings reached a
new milestone when the Johannesburg Stock Exchange (JSE) implemented an updated
version that takes account of the switch to International Financial Reporting
Standards.
