NAB FINANCIAL MANAGEMENT SECTION
PRACTICE EXAM QUIZZES WITH ACCURATE
ANSWERS.
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,,ANS,-,,2
It,is,normally,the,_____,who,records,the,daily,cash,transactions,of,the,facility
1),accountant,
2),financial,director,
3),bookkeeper
4),financial,secretary,,ANS,-,,3
Generating,reports,on,the,financial,standing,of,the,nursing,facility,is,generally,assigned,to:
1),the,accountant
2),the,director,of,finance,
3),the,administrative,assistant,
4),chief,financial,officer,(CFO),,ANS,-,,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,,ANS,-,,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
4),entity,,ANS,-,,2
Allowing,the,bookkeeper,to,destroy,vouchers,showing,payments,made,for,meals,to,employees,once,th
ese,are,recorded,may,violate,the,_____,concept
1),objective,evidence
2),consistency
3),time,period
4),entity,,ANS,-,,1
Pieces,of,paper,indicating,money,owed,to,or,by,the,facility,,bank,statements,,and,similar,pieces,of,pape
r,or,its,electronic,equivalent,are,known,as:
1),paper,trail
2),source,documents
3),bill,of,lading
4),records,,ANS,-,,2
A,administrator,who,instructs,the,accountant,to,begin,reporting,facility,finances,by,recording,all,expen
ditures,and,all,receipts,as,they,actually,occur,has,decided,to,use,the,_____,system,of,accounting,
1),cash
2),simplified
3),no-fault
4),accrual,,ANS,-,,1
PRACTICE EXAM QUIZZES WITH ACCURATE
ANSWERS.
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,,ANS,-,,2
It,is,normally,the,_____,who,records,the,daily,cash,transactions,of,the,facility
1),accountant,
2),financial,director,
3),bookkeeper
4),financial,secretary,,ANS,-,,3
Generating,reports,on,the,financial,standing,of,the,nursing,facility,is,generally,assigned,to:
1),the,accountant
2),the,director,of,finance,
3),the,administrative,assistant,
4),chief,financial,officer,(CFO),,ANS,-,,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,,ANS,-,,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
4),entity,,ANS,-,,2
Allowing,the,bookkeeper,to,destroy,vouchers,showing,payments,made,for,meals,to,employees,once,th
ese,are,recorded,may,violate,the,_____,concept
1),objective,evidence
2),consistency
3),time,period
4),entity,,ANS,-,,1
Pieces,of,paper,indicating,money,owed,to,or,by,the,facility,,bank,statements,,and,similar,pieces,of,pape
r,or,its,electronic,equivalent,are,known,as:
1),paper,trail
2),source,documents
3),bill,of,lading
4),records,,ANS,-,,2
A,administrator,who,instructs,the,accountant,to,begin,reporting,facility,finances,by,recording,all,expen
ditures,and,all,receipts,as,they,actually,occur,has,decided,to,use,the,_____,system,of,accounting,
1),cash
2),simplified
3),no-fault
4),accrual,,ANS,-,,1
