Liabilites Study guides, Class notes & Summaries

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...

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 with Correctly Answered Graded 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 facility. Varies accor...

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...

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 management of facility. Varies according...

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...

NAB NHA Exam- Financial Mangement graded 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 facility. Varies acc...

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...