Operating versus Non-Operating Revenue
Distinguish between Operating versus Non-Operating Revenue?
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Operating versus Non-Operating Revenue:
Operating revenue is the result from sale of goods. When ABC Co. sells goods and receives $ 150000, then this amount will be operating revenue of ABC Co. however when Non-operating revenue is result from other sources or investments. Assume that, when similar company has invested certain amount in PQ Co. and obtains $ 10000 as dividend therefore this dividend will be termed as non operating revenue.
What is the liability of Internal Audit Charter?
Financial Audits: It is a financial audit and is the critical analysis of the business's financial records and documentations. This can be completed at any level, from local to governmental. The financial profile or financial audit of the company will
Explain briefly statutory audit?
Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.
Write down the main Objectives of Internal Audit?
Marketing audit for banking industry will be developed based upon following features: A) It will help and support the top management in identification and management of risks. B) It will help in evaluating th
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How can scope of internal audit aid you?
How Does an Internal Audit vary From an External Audit?
Elucidate the differentiation between External Audit and Internal Audit?
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