NAB Operations Verified Exam Questions and
Answers 2026/2027
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Terms in this set (53)
What is a Capital Budget? The Capital Budget represents a multi-year plan for
investing in the facility or items of infrequent and large
dollar amount (minimum of $1-$2.5k). Examples
include new carpets, drapes, new roof, etc.
What is an Operating Budget? The operating budget represents the one-year
commitment of management to revenues, expenses,
net income, occupancy, room rates, and labor.
, Six steps for creating a capital budget: 1. Identify the projects
2. Obtain estimates and bids
3. Consolidate the budget
4. Forecast available funding
5. Prioritize projects
6. Gain approvals
Ancillary services are any services that do not
you typically __ ___ charge for in your
basic rate.
Four steps for financial anaylisis: 1. Make a preliminary review of the current period's
actual results
2. Identify and correct miscodes and errors
3. Analyze variances and accruals
4. Develop corrective action plans
What is Operations Cash Flow? The cash flow that results when you subtract your
operating expenses from operating revenue.
What is Investing Cash Flow? The result of a transaction that increased or
decreased the assets section of your balance report.
For example, if you purchase a new kitchen
dishwasher, your balance sheet asset account may
increase while your cash may decrease.
Answers 2026/2027
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (53)
What is a Capital Budget? The Capital Budget represents a multi-year plan for
investing in the facility or items of infrequent and large
dollar amount (minimum of $1-$2.5k). Examples
include new carpets, drapes, new roof, etc.
What is an Operating Budget? The operating budget represents the one-year
commitment of management to revenues, expenses,
net income, occupancy, room rates, and labor.
, Six steps for creating a capital budget: 1. Identify the projects
2. Obtain estimates and bids
3. Consolidate the budget
4. Forecast available funding
5. Prioritize projects
6. Gain approvals
Ancillary services are any services that do not
you typically __ ___ charge for in your
basic rate.
Four steps for financial anaylisis: 1. Make a preliminary review of the current period's
actual results
2. Identify and correct miscodes and errors
3. Analyze variances and accruals
4. Develop corrective action plans
What is Operations Cash Flow? The cash flow that results when you subtract your
operating expenses from operating revenue.
What is Investing Cash Flow? The result of a transaction that increased or
decreased the assets section of your balance report.
For example, if you purchase a new kitchen
dishwasher, your balance sheet asset account may
increase while your cash may decrease.
