The CFA Society of the UK, supporting ASIP, CFA and IMC professionals.

 Fri 16 May 2008

UK Society of Investment Professionals - CFA Institute

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.