Extraordinary Item


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 are usually accounted for separately so they don't skew the company's regular earnings.

An example would be a snowstorm in Hawaii creating extraordinary losses to banana crops. These losses might be written down as a one-time charge due to an extraordinary item.


Investment dictionary. . 2012.

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  • 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

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  • 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

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  • 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