NAB Financial Management Section
Practice Exam Questions & Answers
(Grade A+)
In reality, the one person generally held accountable for the
financial operation of the nursing facility is the:
1) owner(s)
2) administrator
3) governing board
4) auditor -
correct answer ✅2
It is normally the _____ who records the daily cash transactions of
the facility
1) accountant
2) financial director
3) bookkeeper
4) financial secretary -
correct answer ✅3
Generating reports on the financial standing of the nursing facility is
generally assigned to:
1) the accountant
2) the director of finance
, NAB Financial Management Section
Practice Exam Questions & Answers
(Grade A+)
3) the administrative assistant
4) chief financial officer (CFO) -
correct answer ✅1
Responsibility and blame for overspending in the department of
nursing and in food services is typically assigned by the owners to
the:
1) director of nursing and director of food services
2) director of nursing and the dietitian
3) chief financial officer
4) administrator -
correct answer ✅4
Directing the accountant to move from a January 1 fiscal year date
to a June 30 fiscal year date in order to minimize the negative
image possibly created by an anticipated loss violates the _____
concept
1) ongoing concern
2) time period
3) conservation
Practice Exam Questions & Answers
(Grade A+)
In reality, the one person generally held accountable for the
financial operation of the nursing facility is the:
1) owner(s)
2) administrator
3) governing board
4) auditor -
correct answer ✅2
It is normally the _____ who records the daily cash transactions of
the facility
1) accountant
2) financial director
3) bookkeeper
4) financial secretary -
correct answer ✅3
Generating reports on the financial standing of the nursing facility is
generally assigned to:
1) the accountant
2) the director of finance
, NAB Financial Management Section
Practice Exam Questions & Answers
(Grade A+)
3) the administrative assistant
4) chief financial officer (CFO) -
correct answer ✅1
Responsibility and blame for overspending in the department of
nursing and in food services is typically assigned by the owners to
the:
1) director of nursing and director of food services
2) director of nursing and the dietitian
3) chief financial officer
4) administrator -
correct answer ✅4
Directing the accountant to move from a January 1 fiscal year date
to a June 30 fiscal year date in order to minimize the negative
image possibly created by an anticipated loss violates the _____
concept
1) ongoing concern
2) time period
3) conservation
