Pembahasan Ujian PAI: A40 – No. 7 – Juni 2014

An extraordinary item is a non-core business transaction  that is (1) unusual, (3) Rare in occurrence, and (3) not base primarily on management decisions. Extraordinary item include, for example losses from natural disasters, losses from enactment of a new law, and gains from the expropriation of a company’s land and buildings for a highway.

Chapter 19 Page 613 ^[1]:

An extraordinary item, also called an extraordinary gain (loss), is an item that is unusual or infrequent, such as damage caused by fire at a comapny’s home office.

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.