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Distinguish "Income from Continuing operations" from "Operating Income".

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Question ajoutée par Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)
Date de publication: 2014/12/27
georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

I completely agree with the answers to colleagues

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Income from continued operations:

The components of  income from continuing operations are: revenues, expenses (including income taxes),gain and losses,excluding those related to discounted operations and extra ordinary items.

Operating Income = Gross Income - Operating Expenses - Depreciation & Amortization

Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

Operating Income = Gross Income - Operating Expenses - Depreciation & Amortization

Operating income would not include items such as investments in other firms, taxes or interest expenses. In addition, nonrecurring items such as cash paid for a lawsuit settlement are often not included.

Operating income is required to calculate operating margin, which describes a company's operating efficiency

Income from continuing operations comprise of:

i) After-tax net income before discontinued operations

ii) extraordinary items, and the cumulative effect of changes in accounting principle

 

Utilisateur supprimé
par Utilisateur supprimé

thanx for invitation

and there is no answer after Mr VENKITARMAN and Mr MIR ALI

Asim Azaldeen Abdalrahman Mhammed
par Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

agrrd with answers above

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH ALL ANSWERS 

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

revenue 

- COGS 

= Gross margin 

- admin. expenses 

= operating income 

+ Gains 

- losses 

- interest & dividend  paid 

+ interest ^ dividend  received 

= operating income  from contentious operation

 

 

AHSAN AKHLAQ
par AHSAN AKHLAQ , accounts manager , sapphire plastic pvt ltd

operating income

Malik Khalid Mahmood
par Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Income from Continuing Operations

Means the income generated from the business when it was running condition and the assumption "Going Conern" was valid and applicable and which is closed right now.

Operating Income

The income which is being generated from the normal course of business

 

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