Nab core finance exam - Study guides, Class notes & Summaries
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NAB CORE RCAL Finance Exam || Questions & Answers (Graded A+) 
NAB CORE RCAL Finance Exam || Questions & Answers (Graded A+) 
 
Why should the administrator get the department heads involved in the budget-making process? - ANSWER - To obtain more accurate cost estimates and more control over costs 
 
A change in this is not likely to be the cause of a budget variance? - ANSWER - the personal needs allowance 
 
financial statement *s*ummarizing assets, liabilities and retained earnings or net wor...
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A depreciation method that allows for larger amounts of depreciation in early years and smaller 
amounts in later years. The double declining-balance method is an example. This enables the owner to 
receive tax and/or reimbursement benefits more quickly than using the straight line method. - 
Accelerated Method of Depreciation 
The process of identifying, recording, and communicating information about the financial position and 
results of operations of a business entity, using principles des...
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