Unusual Item

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Dictionary Says

Definition of 'Unusual Item'

In financial accounting, unusual items are line items on an income statement which are reported separately from the normal income of the business due to their irregular nature. Unusual items can generally be categorized as one of three types: extraordinary items, discontinued operations and adjustments due to a change in accounting methodology. As a general guideline, unusual items can be thought of as being either strange one-off occurrences or accounting phenomena that are not likely to occur again in the future.
Investopedia Says

Investopedia explains 'Unusual Item'

Reporting unusual items separately is important to ensure the transparency of financial reporting. Unusual items are unlikely to recur, so separating these items allows users to better assess the continuing income generating capacity of the business. Investors are focused on the future returns that a company is able to generate, and often prefer to ignore unusual fluctuations which may obscure a company's true prospects.   
Search results for

'Unusual Item'

  • The One-Time Expense Warning

    http://www.investopedia.com/articles/stocks/07/income_warnings.asp
    ... For example, it is not that unusual to be looking at a company's income statement
    covering its last three fiscal years and see a different special item in each ...

  • Cleaning Up Dirty Surplus Items On The Income Statement

    http://www.investopedia.com/articles/fundamental-analysis/09/accounting-for-dirty-surplus.asp
    ... Other comprehensive income and unusual items can skew net income they can make this ...
    First, by knowing how each dirty item is treated, it is possible to make ...

  • Financial Statements: Earnings | Investopedia

    http://www.investopedia.com/university/financialstatements/financialstatements4.asp
    ... However, if the item is deemed to be either "unusual" or "infrequent," it will
    instead be classified under income from continuing operations. ...

  • Value Investing: Managing The Risks In Value Investing ...

    http://www.investopedia.com/university/value-investing/value-investing6.asp
    ... disasters, corporate restructuring or unusual lawsuits and will report these on
    the income statement under a label such as "extraordinary item - gain" or ...

  • How To Efficiently Read An Annual Report

    http://www.investopedia.com/articles/basics/10/efficiently-read-annual-report.asp
    ... Without question, you should first read Item 1, which is the business description ...
    Instead, focus on any unusual risk factors, such as if the company generates a ...

  • Cut Taxes By Reporting Property Damage

    http://www.investopedia.com/articles/tax/09/deducting-property-damage.asp
    ... a qualifying event that the IRS considers "sudden, unexpected or unusual" – including
    natural ... the value of your destroyed, damaged or stolen item(s): Figure ...

  • Creative Accounting: When It's Too Good To Be True

    http://www.investopedia.com/articles/trading/10/creative-accounting-too-good.asp
    ... such as special charges, shareholder class action settlements, and unusual events
    may ... to pro-forma results, in addition to closely looking at each line item. ...

  • 5 Steps To Attaining A Mortgage Slideshow | Investopedia

    http://www.investopedia.com/slide-show/5-steps-to-attain-mortgage
    ... re serious about buying a home, cleaning up your credit should be the first item
    on your ... if you have damaged credit or are in the market for an unusual type of ...

  • 5 Steps To Attaining A Mortgage Slideshow | Investopedia

    http://www.investopedia.com/slide-show/5-steps-to-attain-mortgage/mortgage-brokers.aspx
    ... re serious about buying a home, cleaning up your credit should be the first item
    on your ... if you have damaged credit or are in the market for an unusual type of ...

  • 5 Steps To Attaining A Mortgage Slideshow | Investopedia

    http://www.investopedia.com/slide-show/5-steps-to-attain-mortgage/online-loans.aspx
    ... re serious about buying a home, cleaning up your credit should be the first item
    on your ... if you have damaged credit or are in the market for an unusual type of ...

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