Operating versus Non-Operating Revenue
Distinguish between Operating versus Non-Operating Revenue?
Expert
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.
Write down the importance of measuring an internal audit department?
From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.
Case must be analyzed and reports run using ACL 9 desktop software (Education Edition). Screenprints of reports should be included and explained. All work must be cited.
Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ
What is the liability of Internal Audit Charter?
What to do after the audit?
1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon
Auditing: Auditing is the systematic procedure of objectively obtaining and estimating evidence regarding assertions concerning economic actions and actions to ascertain the degree of correspondence among those assertions and established criteria and
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?
18,76,764
1937079 Asked
3,689
Active Tutors
1440663
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!