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Scott R. Jones Quoted in Bloomberg Tax Article, 'Lease Accounting Change Makes EBITDA an Even Muddier Metric'

9/16/2019
Scott R. Jones Quoted in Bloomberg Tax Article, 'Lease Accounting Change Makes EBITDA an Even Muddier Metric'

Scott R. Jones, a partner with Pepper Hamilton and the vice chair of the firm's Corporate and Securities Practice Group, was quoted in the September 11, 2019 Bloomberg Tax article, "Lease Accounting Change Makes EBITDA an Even Muddier Metric."

But increasingly, companies craft metrics unique to their business or industry. Adjusted net income, a more specific metric akin to EBITDA, is a popular alternative, said Scott Jones, a corporate securities lawyer with Pepper Hamilton LLP.

A recent crackdown by the Securities and Exchange Commission on the use of metrics other than generally accepted accounting principles has driven the shift away from EBITDA reporting, said Jones, who is also a certified public accountant.

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