非经常性项目：该被消除的概念[外文翻译].pdfVIP

外文翻译 Extraordinary Items: Time to Eliminate the Classification Material Source: Accounting Auditing Author: Massoud, Marcos1 Raiborn, Cecily2 Humphrey, Joseph3 Under current GAAP, the criteria mandated in Accounting Principles Board (APB) Opinion 30 have so restricted the ability of items to be classified as extraordinary that in 2003 only 2% of the entities included in Accounting Trends and Techniques, 60th Edition (AICPA, 2006) reported extraordinary items. Under International Accounting Standard (IAS) 1, entities are prohibited from classifying any item as extraordinary. Given that two recent catastrophic events—September 11, 2001, and Hurricane Katrina—were deemed to be “nonextraordinary,” and the desire for the convergence of U.S. and international GAAP, the authors believe that it is time for the extraordinary-item classification to be eliminated. Background on Extraordinary Items Discussion of extraordinary items (EI) is not new. The first document mentioning the term, “Unifor Accounting,” was issued in 1917 by the Federal Reserve Bank, but prepared by an AICPA committee. This pamphlet was reissued the following year as “Approved Methods for the Preparation of Balance Sheet Accounts.” These statements reco ended an income statement that showed extraordinary gains and losses on its face after determination of net income for the period. In the 1920s, however, extraordinary items were typically accounted for directly in the retained earnings (or surplus) account. Often there was little, if any, disclosure of what constituted an extraordinary item, and accountants tended to view these in a “rather liberal” manner (Weldon Powell, “Extraordinary Items,” Journal of Accountancy, January 1966). The income statement simply indicated to users that income o