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IASB evaluating EBIT.

In an article in the WSJ, "IASB Plans Overhaul of Financial Definitions", the International Accounting Standards Board wants to redefine and introduce new definitions to the financial landscape.

One example is EBIT, the other (adding) is "operating profit"

Their reasoning: “We want to give investors the right handles to look at a balance sheet,” said IASB chairman Hans Hoogervorst.

What's your feeling on this change? Is it a move in the right direction, or a bureaucratic methodology to create work for themselves or something else?


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