Extraordinary Items

View Financial Glossary Index


Extraordinary Items are events and transactions considered very "abnormal". They are unlikely to occur again. Items that are considered extraordinary can fit into many categories (weather related destruction of property, impairment of assets or goodwill, etc.).

Extraordinary items use to be a part of the income statement. However, the Financial Accounting Standards Board (FASB) decided to get rid of extraordinary items in order to reduce complexity.

The following document from FASB is a more in-depth explanation and shows the amendment changes:

Income Statement - Extraordinary and Unusual Items.

Are you an investing professional?

Click here to request a live demo of YCharts Professional, our premium suite of tools and data.
Learn more about our professional products. Call (866) 965-7552 or email sales@ycharts.com



Please note that this feature is only available as an add-on to YCharts subscriptions.

Please note that this feature requires full activation of your account and is not permitted during the free trial period.

Start My Free Trial {{root.upsell.info.call_to_action}} No credit card required.

Already a subscriber? Sign in.