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.
Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?
How does the internal audit vary from an external audit?
Operational Audits: It is a review of how an organization's management and its operating events are functioning with respect to their efficacy and efficiency in meeting stated objectives. For illustration, a business might execute an operational audit
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.
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
Marketing audit for goods and service industry: This basic concept of marketing audit applies to both material goods and service industry. The marketing audit is a powerful tool with banking industry throughout world. Banking world to
Elucidate the differentiation between External Audit and Internal Audit?
Internal Controls: Internal control includes the plan of organization and all of the coordinate techniques adopted within a business to defend its assets, ensure the accuracy and consistency of its accounting data, encourage operational efficiency, an
Write down the different merits and demerits of internal 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.
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