A study on the accounting treatment of extraordinary item in Singapore.

• Main Authors: Kuang, Bee Ling., Lee, Siew Fun., Ng, Chun Chun.
• Other Authors: Lee Lip Nyean
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/52833
• Institution: Nanyang Technological University

Due to ambiguous definitions of extraordinary item and exceptional item as given in Statement of Accounting Standards (SAS) 8, there is a certain degree of discretion as to the classification of extraordinary item, hence, the issue of pushing the item ‘above the line’ and ‘below the line’ is a much...