Acca financial Accounting (FA) Study Text ac ca (FA)

Chapter 17 

KAPLAN PUBLISHING

 

297 

 

Items requiring separate disclosure 

 

Certain items need to be separately disclosed on the face of the 

statement of profit or loss, or else disclosed in the notes to the financial 

statements, so that they are clearly visible to the users of the financial 

statements. The main items requiring such treatment are significant, one-

off transactions or events. They need to be disclosed because they are 

not part of the normal trading activity of the business and could 

significantly distort the reported profits or losses for the year. They 

include: 

•

 

restructuring or reorganisation of the company 

•

 

profits or losses on disposal of property, plant and equipment (or 

investments), and 

•

 

impairments of inventory, property, plant and equipment. 

All such items should be included on their own, separate line in the 

statement of profit or loss.