Exceptional item: Difference between revisions
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imported>Doug Williamson (Create page. Source: IAS plus webpage https://www.iasplus.com/en-gb/standards/ias/ias1) |
imported>Doug Williamson (Expand for how the exceptional item or items might be disclosed.) |
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Examples include substantial disposals, restructuring or discontinued operations. | Examples include substantial disposals, restructuring or discontinued operations. | ||
Exceptional items might, for example, be disclosed as separate lines, or separate columns, in the income statement. | |||
Alternative appropriate disclosure might be to deal with the exceptional item or items within a note to the financial statements. | |||
Revision as of 15:21, 9 September 2017
Financial reporting
In financial reporting, an 'exceptional' item is one that requires separate additional disclosure for the financial information to give a fair presentation of the reporting entity's results.
Examples include substantial disposals, restructuring or discontinued operations.
Exceptional items might, for example, be disclosed as separate lines, or separate columns, in the income statement.
Alternative appropriate disclosure might be to deal with the exceptional item or items within a note to the financial statements.
