NAB Finance Questions And Answers 100% Verified 2024 Review

NAB Finance Questions And Answers 100% Verified 2024 Review Process of Financial Management - Correct Answer-process of ensureing materials and other resources are bought and used efficiently and economically; attain goals. Value of Financial Management - Correct Answer-Administrator has informatio to make decision and manage facility. Control device - measure performance against original plans. Administrator's role in Financial Mangement - Correct Answer-owners hold administrator responsible for proper financial management of facility. Varies according to type of ownership. chain organizations may do budgeting, payroll, group purchasing - administrator may have little input. Smaller organizations usually have CPA to supervise accounting, make financial reports, handle payroll, etc. asset - Correct Answer-a thing of value, things owned, such as cash, equipment, real estate. current asset - Correct Answer-cash or other short-lived asset, i.e. A/R and CDs that are used up usually within 1 year. fixed or non-current assets - Correct Answer...