Nonoperating items that are not expected to continue into the future are considered a temporary component of earnings and should be excluded when forecasting future performance.
The revenue and expenses incurred in the normal course of business operations are classified as non-operating items. In a company's financial statements, non-operating items are always disclosed separately from operational items.
Items that reflect one-time events that might otherwise result in anomalous spikes in financial statements or economic data series are excluded. Excluding items describes the customary practise of leaving out specific elements from a total calculation in order to reduce volatility that may otherwise affect the computation's comparability or affect long-term forecasts.
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