- extraordinary item
- A transaction separately reported or disclosed in an *income statement on account of its *materiality, unusual nature, or infrequency. Extraordinary items arise from events outside normal operating activities, and examples may include large-scale, one-off costs arising from natural disasters, fire damage, or government appropriation of *assets. An unusual event arising from normal operating activities is often referred to as an *exceptional item.
Auditor's dictionary. 2014.
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extraordinary item — An unusual and unexpected one time event that must be explained to shareholders in an annual or quarterly report, e.g., write down for a discontinued operation, employee fraud, a lawsuit, or other one time events. Results are often presented with … Financial and business terms
Extraordinary Item — Gains or losses included in a company s financial statements, which are infrequent and unusual in nature. These are usually explained further in the notes to the financial statements. These are the result of unforeseen and atypical events. They… … Investment dictionary
extraordinary item — ypatingasis straipsnis statusas T sritis Gynyba apibrėžtis Apskaitos straipsnis, apimantis įvykį ar operaciją, dėl kurios gaunamos pajamos ar patiriamos išlaidos aiškiai skiriasi nuo kasdieninės organizacijos veiklos ir nesitikima, kad tai… … Lithuanian dictionary (lietuvių žodynas)
extraordinary item — /əkˈstrɔdənri aɪtəm/ (say uhk strawduhnree uytuhm) noun (often plural) a gain, loss, expense or item of revenue arising from activities outside the normal operations of a business. Compare abnormal item … Australian English dictionary
item — i‧tem [ˈaɪtəm] noun [countable] 1. a single thing, especially something that is for sale: • The CD used to be considered a luxury item. • stores selling non food items 2. ACCOUNTING a piece of information written in a set of accounts … Financial and business terms
Extraordinary rendition by the United States — Extraordinary Rendition redirects here. For the 2007 film, see Extraordinary Rendition (film). Extraordinary rendition (or irregular rendition) is the abduction and illegal transfer of a person from one nation to another. Torture by proxy is… … Wikipedia
extraordinary items — Items that are material, not expected to recur frequently and derive from outside the ordinary activities of the company. Contrast this with an exceptional item, which is derived from within the ordinary activities of the company. The impact that … Law dictionary
extraordinary — adjective 1. /əkˈstrɔdənri / (say uhk strawduhnree), /ɛk / (say ek ) beyond what is ordinary; out of the regular or established order: extraordinary power; extraordinary expenses. 2. /əkˈstrɔdənri / (say uhk strawduhnree), /ɛk / (say ek )… … Australian English dictionary
Exceptional Item — An item that is within normal business activities, but is of unusual size. It is usually recorded separately in the profit and loss account. ► See also Extraordinary Item … Financial and business terms
abnormal item — /æbnɔməl ˈaɪtəm/ (say abnawmuhl uytuhm) noun (often plural) a gain, loss, expense or item of revenue which occurs in the normal course of a company s business but which is regarded as abnormal because of its size and effect during the reporting… … Australian English dictionary