Liabilites - Study guides, Class notes & Summaries

NAB Finance Exam Review Questions and answers, rated A+ Process of Financial Management - -process of ensureing materials and other resources are bought and used efficiently and economically; attain goals. Value of Financial Management - -Administrator has informatio to make decision and manage facility. Control device - measure performance against original plans. Administrator's role in Financial Mangement - -owners hold administrator responsible for proper financial management of f...

NAB Finance Written Exam With Correct Answers. Process of Financial Management - CORRECT ANSWER process of ensuring materials and other resources are bought and used efficiently and economically; attain goals. Value of Financial Management - CORRECT ANSWER Administrator has information to make decision and manage facility. Control device - measure performance against original plans. Administrator's role in Financial Management - CORRECT ANSWER owners hold administrator responsible fo...

assets - resources owned by the business (things of value) liabilities - creditors claims on total assets (obligations or debts of the business) stockholders equity - ownership claims on total assets basic accounting equation - assests= liabilities + stockholders equity generally accepted accounting principles - set of rules and practices that provide answers to the followong questions - How does a company decide on the type of financial info to disclose? - What format should a company us...

CPPM Exam Prep Quiz_Updated Questions and Answers 100% A+ Graded *Efficiency - CORRECT ANSWER-Process & doing things right *Effectiveness - CORRECT ANSWER-Outcomes & doing the right thing Accural Accounting - CORRECT ANSWER-Records revenues when they are earned & expenses when they have been accrued. Provides a more accurate reflection of your current financial situation Cash Based Accounting - CORRECT ANSWER-Recognizes revenue only when cash is collected & expenses when cash is paid...

Financial Statements/Reports are used to: correct answers used to disclose information about the firm to investors, creditors, governments, and other interested parties; information about the firm is used to determine what has been accomplished in the past and forecast what is likely to be accomplished in the future Annual Report correct answers a general discussion about the firm's activities during the past year as well as developments that are expected to be implemented in the near future...

NAB Finance 2023 Questions and Answers NAB Finance 2023 Questions and Answers Process of Financial Management process of ensureing materials and other resources are bought and used efficiently and economically; attain goals. Value of Financial Management Administrator has informatio to make decision and manage facility. Control device - measure performance against original plans. Administrator's role in Financial Mangement owners hold administrator responsible for proper financial ma...

Accounting book value - The value of an asset as shown on a firm's balance sheet. It represents the depreciated historical cost of the assest rather than its current market value or replacement cost Asset Management - How efficienty management is using the firm's assets to generate sales Balance sheet - A statement that shows a firm's assets, liabilities, and shareholder equity at a given point in time. Its a snapshot of the firm's financial position on a particular date. Best Effort Ba...

Operating Assets - Correct Answer Cash AR Inventory Prepaid Expenses Fixed Assets goodwill (representing operating synergies) intangibles Leases Operating Liabilities - Correct Answer total liabilities - total debt AP Accrued Liabilities Deferred Income Taxes What are financial Assets? - Correct Answer assets that a company could liquidate and pay of its shareholders without affecting its value proposition What are financial obligations? - Correct Answer Short-term bor...

Food Management Exam (all 100% correct answers) Updated 2024 underproduction of food can result in what - answerincreased costs and decreased customer satisfaction The framework for reporting financial data is - answerthe Uniformed Systems of Accounts marketing objective - answerwhat is to be accomplished through marketing activities a restaurant manager who includes food items on the menu that are high fiber, or low in fat and sodium, is reacting to - answerpsycho-graphic variables fund...

Food Management Exam (all 100% correct answers) Updated 2024 underproduction of food can result in what - answerincreased costs and decreased customer satisfaction The framework for reporting financial data is - answerthe Uniformed Systems of Accounts marketing objective - answerwhat is to be accomplished through marketing activities a restaurant manager who includes food items on the menu that are high fiber, or low in fat and sodium, is reacting to - answerpsycho-graphic variables fund...