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FEDERAL NURSING HOME ADMINISTRATOR
EXAM 2025; CERTIFIED Q&A FOR
GUARANTEED PASS | GRADED A+
1) Functional Accounting -correct-answer-Recording aggregated data for related
activities
2) Aggregated -correct-answer-formed by the conjunction or collection of
particulars into a whole mass or sum; total; combined
3) Contractual Discount -correct-answer-Uncollectible difference between charges
and third party payor agreements
4) Depreciation -correct-answer-spreading of cost of capital assests over useful life
5) Operating Statement -correct-answer-total revenues - total expenses =net
income (loss)138)
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6) Working Capital -correct-answer-Current assets - current liabilities
7) Entity Concept: -correct-answer-The facility, its records and monies are
separate from owners.
Ensuring consistency in accounting through full ownership disclosure.
8) On-Going Concern: -correct-answer-The facility will continue to operate
INDEFINITLEY
9) Full Disclosure: -correct-answer-All information must be shown in financial
records accurately reflecting the financial standing of the facility
10) Cash Accounting: -correct-answer-Expenses are recorded when cash disbursed
and revenues are recorded when money received. (Recorded money as it flows in
and out of facility. Similar to checkbook)
A. Advantage: Simplicity
B. Disadvantage: Does not recognize depreciation, accounts receivable, or payable
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11) When a resident passes away, the personal funds deposited with the facility
must be given to the resident's estate with a final accounting of the funds within: -
correct-answer-30 days
12) The suffix "algia" refers to: -correct-answer-Pain
13) Physical restraints must be removed: -correct-answer-Every two hours
14) Depression is one of many psychological changes related to the aging process.
Others include the following except for: -correct-answer-Hearing loss
15) "Nosocomal" refers to -correct-answer-Infection occurring inside the facility
(institutionalized)
17) A capital budget is mostly about: -correct-answer-Equipment and real estate
18) Current debts are debts that are: -correct-answer-Due within one year
, 4|Page
19) A ledger is a complete listing of: -correct-answer-Accounts payable and
receivable
20) Which resource usually provides the least revenue for a nursing home? -
correct-answer-Insurance
20) Past due accounts should not exceed: -correct-answer-5%
21) All of the following are a cash expense except: -correct-answer-Depreciation
22) A pro forma is primarily -correct-answer-A financial statement or prediction
23) A function of management is controlling, which means: -correct-answer-
Measuring outcomes against benchmarks, then responding
24) OBRA requires every facility to have: -correct-answer-A governing body - The
Omnibus Reconciliation Act
FEDERAL NURSING HOME ADMINISTRATOR
EXAM 2025; CERTIFIED Q&A FOR
GUARANTEED PASS | GRADED A+
1) Functional Accounting -correct-answer-Recording aggregated data for related
activities
2) Aggregated -correct-answer-formed by the conjunction or collection of
particulars into a whole mass or sum; total; combined
3) Contractual Discount -correct-answer-Uncollectible difference between charges
and third party payor agreements
4) Depreciation -correct-answer-spreading of cost of capital assests over useful life
5) Operating Statement -correct-answer-total revenues - total expenses =net
income (loss)138)
,2|Page
6) Working Capital -correct-answer-Current assets - current liabilities
7) Entity Concept: -correct-answer-The facility, its records and monies are
separate from owners.
Ensuring consistency in accounting through full ownership disclosure.
8) On-Going Concern: -correct-answer-The facility will continue to operate
INDEFINITLEY
9) Full Disclosure: -correct-answer-All information must be shown in financial
records accurately reflecting the financial standing of the facility
10) Cash Accounting: -correct-answer-Expenses are recorded when cash disbursed
and revenues are recorded when money received. (Recorded money as it flows in
and out of facility. Similar to checkbook)
A. Advantage: Simplicity
B. Disadvantage: Does not recognize depreciation, accounts receivable, or payable
,3|Page
11) When a resident passes away, the personal funds deposited with the facility
must be given to the resident's estate with a final accounting of the funds within: -
correct-answer-30 days
12) The suffix "algia" refers to: -correct-answer-Pain
13) Physical restraints must be removed: -correct-answer-Every two hours
14) Depression is one of many psychological changes related to the aging process.
Others include the following except for: -correct-answer-Hearing loss
15) "Nosocomal" refers to -correct-answer-Infection occurring inside the facility
(institutionalized)
17) A capital budget is mostly about: -correct-answer-Equipment and real estate
18) Current debts are debts that are: -correct-answer-Due within one year
, 4|Page
19) A ledger is a complete listing of: -correct-answer-Accounts payable and
receivable
20) Which resource usually provides the least revenue for a nursing home? -
correct-answer-Insurance
20) Past due accounts should not exceed: -correct-answer-5%
21) All of the following are a cash expense except: -correct-answer-Depreciation
22) A pro forma is primarily -correct-answer-A financial statement or prediction
23) A function of management is controlling, which means: -correct-answer-
Measuring outcomes against benchmarks, then responding
24) OBRA requires every facility to have: -correct-answer-A governing body - The
Omnibus Reconciliation Act
