NAB Finance with Correctly Answered Graded A+

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 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 a thing of value, things owned, such as cash, equipment, real estate. current asset 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 will not be used up within a year||i.e. building, equipment, etc. tangible assets have physical characteristics, they can be SEEN and TOUCHED Intangible assets are non-physical, such as COPYRIGHTS, patents and GOODWILL book value is cost of a depreciable asset less accumulation depreciation ||depreciable asset - depreciation capital is a term meaning funds to be used in business. Real esate, buildings and certain equipment can be included under certain conditions. | investment capital cash used to purchase real estate and equipment, and to build - used to produce operational revenues. working capital excess of CURRENT ASSETS/CURRENT LIABILITES. |A measure of company's ability to pay bills. capital expenditure expenses of increasing book value of facility assets. contract for personal services involves the offer of money, consideration, acceptance. Spell out duties, authority, time, remuneration, ESCAPE CLAUSE, other terms earnings refers to generated revenues, or income. Gross erarnings are total revenues or income gross profit net sales - cost of goods