Extraordinary loss

extraordinary loss
A loss that is unusual in nature and infrequent in occurrence.

The extraordinary losses at Société Générale were reminiscent of the Barings debacle. The unaccountable losses suffered by many banks, especially in America, also beg serious questions about nonexecutive directors (NEDs). Never
By Terry Carroll ...

One-Tail Test - Is a statistical test which focuses on only one side of a probability distribution. Often this side is the one related to extraordinary losses and not extraordinary gains.

less all expenses (and less any extraordinary losses) for the period. Inter-
nal management profit reports include several profit lines: gross margin, ...

Incidently, if a piece of equipment that has been depreciated down to its salvage value is sold for more than that value, the company will record an extraordinary gain in the amount of the difference. If it is sold for less, an extraordinary loss ...

in selling inventory, collecting accounts receivable, or liquidating current investment (e.g., marketable securities). A high current ratio provides a margin of safety against uncertainty and random fluctuations (e.g., strikes, extraordinary losses).

See also: Expense, Banks, Net sales, Gross profit, Accounting method