Definition of Non-core item:
An item that is not considered central to the running of a business or company. It should not be confused with non-core assets, as they are still required in the business and their operation may make up a large aspect of the business composite. But they are not key players and often have no significant impact on primary activities of the company.
A non-core item is an engagement considered to be outside of business activities or operations that are the main revenue source of the business. Non-core items are considered to be peripheral or incidental activities, while core items are considered central to operations. Often, businesses will outsource non-core items to firms that specialize in these activities. This is especially true for smaller firms.
In accounting, non-core items can also relate to interest, taxes, and other expenses.
How to use Non-core item in a sentence?
- Non-core items may represent a substantial part of a business's health and often represent a significant portion of the business's expenses.
- A non-core item is outside of the primary business activities or operations that are the main revenue source of the business.
Meaning of Non-core item & Non-core item Definition