Accounting standards chair Hoogervorst dark on Ebitda, prefers ‘rough’ measure of net profit

Tue, 15 Apr 2014

By Jonathan Underhill April 15 (BusinessDesk) – The head of the global body responsible for setting accounting standards says he scratches his head over companies using an Ebitda measure of earnings but he understands why some prefer not to focus on net profit as a performance measure. Hans Hoogervorst, chairman of the International Accounting Standards Board, is visiting New Zealand seven years after companies here were required to adopt the New Zealand equivalent to international reporting standards, known as NZ IFRS. The rule change filled...

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