Extraordinary items

Unusual transactions showing up on a company's financial statement that will not recur every year. Extraordinary items may be restructuring, the writing off of losses due to changes in valuation methods, settlement of lawsuits, exceptionally high profit or loss from foreign exchange, or similar transactions not common for the company.

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Cash-equivalent items
Temporary investments of currently excess cash in short-term, high-quality investment media such as treasury bills and Banker's Acceptances.

Counterpart items
In the balance of payments, counterpart items are analogous to unrequited transfers in the current account. They arise because the double-entry system in balance of payments accounting and refer to adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of SDRs, and revaluation of the various components of total reserves.

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Group of 100

Prestigious cross-functional group of accounting profession thought leaders in the US. The group meets periodically to identify future trends and hot issues. Their output and decisions are analyzed and prioritized by the Strategy Working Group, which determines what projects should be implemented in order to address trends and issues for the benefit of the profession.

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