Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Finance for NAB

Task carried out by the finance department payment of wages and salaries: making sure that all employees are paid the right amount at the right time
Task carried out by the finance department payment of accounts: covers both making payments and collecting amounts owed to the firm from customers
Task carried out by the finance department maintenance of financial records and accounts: includes recording financial transactions and preparing final accounts
Four reasons for using a cashflow statement shows how much cash the organisation has available, shows what money came in to the business, shows what money came out of the business, is used to help make decisions
four ways cashflow can be improved taking out loans, sale and lease back, tight stock control, tight credit control
five users of information and why they use it managers - help meet organisations objectives shareholders - lets them know the amount of profit creditors - highlights trends in sales and profits employees - reassures them that there is job security government - inland revenue will calculate taxes
gross profit profit earned by selling
fixed assets items owned by the firm which will last a long period of time
current liabilities anyone to whom the firm owes money in the short term
current assets more liquid - more easily converted into cash - than fixed assets
Created by: KarenSumal