| account. |
same as exceptional charges (An exceptional item is a charge incurred that must be noted on a company's balance sheet, in accordance with GAAP principles. Even though exceptional items are considered to be part of ordinary business charges, they must be disclosed due to their sheer size or frequency. BREAKING DOWN Exceptional Item Don't confuse exceptional items with extraordinary items: the latter is not part of a company's ordinary business dealings. Exceptional items, on the other hand, are material and need to be documented to provide investors and regulators with accurate and informative financial statements. Moonranger) |
