See Also: Extraordinary item(finance)
Extraordinary item(money)
item(dictionary)
item(dictionary)
ITEM(law)
Tax preference item(money)
Tax preference item(finance)
collector's item(dictionary)
Big-Ticket Item(money)
extraordinary(medicine)

Extraordinary item (money)


Definition: [crh] An unusual and unexpected one-time event that must be explained to shareholders in an annual or quarterly report, e.g., write down fDefinition: or a discontinued operation, employee fraud, a lawsuit, or other one-time events. Results are often presented with and without these items. The logic of excluding these items is that Definition: vestors">investors have a better notion of future performance if one-time events are excluded. Differs from an unusual item in that extraordinary items are (1) material; (2) non-recurring; and (3Definition: ) outside the ordinary nature of the business.