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RANCHO CALIFORNIA WATER DISTRICT POSITION DESCRIPTIONDATE:July 1, 2019POSITION TITLE:ELECTRICAL CONTROLS / INSTRUMENTATION TECHNICIAN I / II / SENIORGRADE LEVEL:E12 / E16 / E18SUPERVISOR TITLE:Electrical
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Start by gathering all the necessary financial information related to your business operations, such as sales revenue, production costs, and operating expenses.
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Calculate the operating income by subtracting the operating expenses from the gross profit.
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Determine the non-operating income by considering any income generated from sources other than your primary business operations, such as investments or asset sales.
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Operating refers to the core business activities that generate revenue, while non-operating pertains to secondary activities that do not relate directly to the primary business operations, such as investments or peripheral activities.
Businesses and entities that have both operating and non-operating revenues and costs are required to file operating and non-operating statements.
To fill out operating and non-operating, start by listing all operating revenues and expenses, then separately report non-operating revenues and expenses, ensuring to follow the specific guidelines set by the relevant regulatory body.
The purpose is to provide a clear distinction between the revenues and expenses that arise from core business activities and those that are not, allowing for better financial analysis and decision-making.
The report should include operating revenues, operating expenses, non-operating revenues, non-operating expenses, and any gains or losses from non-operating activities.
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