EXCEPTIONAL ITEMS
exceptional items: translation
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 view. Contrast with an extraordinary item. Dresdner Kleinwort Wasserstein financial glossary
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Items listed in a company's profit and loss account that are associated with the normal activity of the company but are exceptional in their size. Financial Services Glossary
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exceptional items UK US noun [plural] (also exceptionals)
► ACCOUNTING »
Including exceptional items, related to the sale this year of its 34 US businesses, pretax profit fell 7.1%.
→ Compare EXTRAORDINARY ITEMS(Cf. ↑extraordinary items)