NAB Domain 2 Operations-Financial Management
Study online at https://quizlet.com/_bviqkq
1. accelerated deprecia- A higher amount of depreciation is recorded in the early years and a lower
tion amount in the later years
2. accounting process used to identify measure, record, and report financial information
3. accounts payable amounts owed to supplies for goods or services purchased on credit
4. accounts receivable amounts due from customers or residents
5. accrual basis of ac- income is recognized when earned rather than wehn cash is received and
counting expenses are recognizes as incurred regardless of whether payment is
made
6. accumulated depreci- total depreciation taken to date on a depreciable asset
ation
7. allowable cost cost related to resident care and certain indrect costs allowed by Medicaid
8. amortization allocation of the original cost of a noncurrent intangible asset over a period
of time
9. ancillary cost cost that is not part of a daily charge and is related to an individual resident
10. asset things of value, owned as cash
11. audit checking/reviewing accuracy of accounting records by a third party
12. balance sheet financial statement summarizing assets, liabilites and net worth
13. bank statement periodic statement from bank summarizing deposits, checks paid, bank
charges, and balances
14. balanced budget act changed way medicare pays for SNF services
of 1997
, NAB Domain 2 Operations-Financial Management
Study online at https://quizlet.com/_bviqkq
15. bond type of insurance covering employees who handle money
16. book value cost of a depreciable asset less accumulated depreciation
17. break-even analysis determining the break even point when revenues equal expenses
18. capital funds acquired for use in a business
19. capital-related costs costs of land, buildings, and equipment, including interest if they are
financed
20. cash basis of account- revenues and expenses are not recognized until cash is received or paid out
ing except for depreciation expense
21. cash flow statement financial report showing cash receipts and disbursements leading to a net
change in cash in a given period
22. chart of accounts complete listing of the names of all the categories in the ledger
23. consignee person or party to whom merchandise is consigned or shipped
24. corporation business owned by either a few persons or thoursands and incorporated
under the laws of a given state
25. cost management an on going active program of managing costs in a facility
26. cost related costs in a nursing facility related to providing resident care
27. cost-sharing programs pay for nursing home care rquire their members to pay for a
portion of the cost of care
28. credit entry on the right side of an account which increases liability and revenue
accounts
29. current liability debts generally due within one year requiring use of current assets
Study online at https://quizlet.com/_bviqkq
1. accelerated deprecia- A higher amount of depreciation is recorded in the early years and a lower
tion amount in the later years
2. accounting process used to identify measure, record, and report financial information
3. accounts payable amounts owed to supplies for goods or services purchased on credit
4. accounts receivable amounts due from customers or residents
5. accrual basis of ac- income is recognized when earned rather than wehn cash is received and
counting expenses are recognizes as incurred regardless of whether payment is
made
6. accumulated depreci- total depreciation taken to date on a depreciable asset
ation
7. allowable cost cost related to resident care and certain indrect costs allowed by Medicaid
8. amortization allocation of the original cost of a noncurrent intangible asset over a period
of time
9. ancillary cost cost that is not part of a daily charge and is related to an individual resident
10. asset things of value, owned as cash
11. audit checking/reviewing accuracy of accounting records by a third party
12. balance sheet financial statement summarizing assets, liabilites and net worth
13. bank statement periodic statement from bank summarizing deposits, checks paid, bank
charges, and balances
14. balanced budget act changed way medicare pays for SNF services
of 1997
, NAB Domain 2 Operations-Financial Management
Study online at https://quizlet.com/_bviqkq
15. bond type of insurance covering employees who handle money
16. book value cost of a depreciable asset less accumulated depreciation
17. break-even analysis determining the break even point when revenues equal expenses
18. capital funds acquired for use in a business
19. capital-related costs costs of land, buildings, and equipment, including interest if they are
financed
20. cash basis of account- revenues and expenses are not recognized until cash is received or paid out
ing except for depreciation expense
21. cash flow statement financial report showing cash receipts and disbursements leading to a net
change in cash in a given period
22. chart of accounts complete listing of the names of all the categories in the ledger
23. consignee person or party to whom merchandise is consigned or shipped
24. corporation business owned by either a few persons or thoursands and incorporated
under the laws of a given state
25. cost management an on going active program of managing costs in a facility
26. cost related costs in a nursing facility related to providing resident care
27. cost-sharing programs pay for nursing home care rquire their members to pay for a
portion of the cost of care
28. credit entry on the right side of an account which increases liability and revenue
accounts
29. current liability debts generally due within one year requiring use of current assets
