Don't confuse exceptional items with extraordinary items: the latter are not part of a company's ordinary business dealings. Exceptional items, on the other hand, are material and need to be documented in order to provide investors and regulators with accurate and informative financial statements.
Investment dictionary. Academic. 2012.
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exceptional item — Items in the profit and loss account, derived from within the ordinary activities of the company that are not expected to occur regularly. They are typically profits or losses recorded by selling businesses, or charges incurred in closing… … Law dictionary
exceptional item — A transaction separately reported or disclosed in an *income statement on account of its *materiality unusual nature, or infrequency Exceptional items arise from normal operating activities, and examples may include the write off of a significant … Auditor's 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
exceptional items — Part of a company s profit and loss account. Items which are material, derived from events or transactions within a company s ordinary activities and which need to be disclosed separately to ensure that the company s accounts give a true and fair … Financial and business terms
exceptional — adjective unusual; not typical. ↘unusually good. noun an item in a company s accounts arising from its normal activity but much larger or smaller than usual. Derivatives exceptionality noun exceptionally adverb … English new terms dictionary
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 — 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 … Auditor's dictionary
above the line — aˌbove the ˈline , above the line adjective 1. ACCOUNTING relating to a figure included in a statement of a company s profits and losses before tax has been paid, not after tax: • The acquisitions will be treated as above the line exceptional… … Financial and business terms
below the line — beˌlow the ˈline , below the line adjective 1. ACCOUNTING relating to profits after exceptional (= profits and losses that are made in a particular period of time but do not occur regularly) have been taken into account: • Provisions on doubtful… … Financial and business terms
Renishaw plc — is an engineering company based in Wotton under Edge in Gloucestershire, England. Renishaw is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.Renishaw specialises in industrial metrology and spectroscopy and sells… … Wikipedia