©THEBRIGHT 2025 ALL RIGHTS RESERVED 12:53 PM A+
Hospitality Accounting NRA Manage First
Program Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Accrual Accounting method - Answer✔recognizes & records revenues when earned
Cash Acccounting (method) - Answer✔recognizes business income when recieved and expenses
when paid
Cost Accounting - Answer✔Recording expenses of a business
Decentarlized accounting system - Answer✔mgr takes larger accting role; collects,
records,reports & analyzes data.
Financial Accounting - Answer✔Hospitality Accounting system used
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 12:53 PM A+
Managerial Accounting - Answer✔Addresses specificfinancial info mgrs need to make good
decisions to operate business
Tax Accounting - Answer✔recording and reporting taxes to be paid
USAR - Answer✔Unified System of Accounting for Restaurants
Centralized Accounting - Answer✔financial info transmitted & processed in Corporate (or
outsource) facility
ARS Alternative Revenue Source - Answer✔generates money in addition to that raised from
other funding sources such as loans & personal savings.
Co - Branding - Answer✔2 companies joined to share expense of marketing both's products
&/or services
2|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 12:53 PM A+
Concept Statement - Answer✔part of bsnss plan detailing exactly what type of establishment is
being proposed
Demographics - Answer✔info about customers ; age,gender,race,marital status, etc.
Feature - Answer✔characteristics of actual menu items & services sold to guests
Pro Forma - Answer✔Estimate of a business's revenue, expenses & profitability
SWOT Analysis - Answer✔Strength, Weakness, Opportunity and Threat
Value - Answer✔Amount a customer is willing to pay and be satisfied
What must managers do next after receiving an invoice for payment? - Answer✔Enter the
invoice in the AP system
The purpose of a credit memo is to - Answer✔correct the amount due listed on an invoice
3|Page
Hospitality Accounting NRA Manage First
Program Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Accrual Accounting method - Answer✔recognizes & records revenues when earned
Cash Acccounting (method) - Answer✔recognizes business income when recieved and expenses
when paid
Cost Accounting - Answer✔Recording expenses of a business
Decentarlized accounting system - Answer✔mgr takes larger accting role; collects,
records,reports & analyzes data.
Financial Accounting - Answer✔Hospitality Accounting system used
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 12:53 PM A+
Managerial Accounting - Answer✔Addresses specificfinancial info mgrs need to make good
decisions to operate business
Tax Accounting - Answer✔recording and reporting taxes to be paid
USAR - Answer✔Unified System of Accounting for Restaurants
Centralized Accounting - Answer✔financial info transmitted & processed in Corporate (or
outsource) facility
ARS Alternative Revenue Source - Answer✔generates money in addition to that raised from
other funding sources such as loans & personal savings.
Co - Branding - Answer✔2 companies joined to share expense of marketing both's products
&/or services
2|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 12:53 PM A+
Concept Statement - Answer✔part of bsnss plan detailing exactly what type of establishment is
being proposed
Demographics - Answer✔info about customers ; age,gender,race,marital status, etc.
Feature - Answer✔characteristics of actual menu items & services sold to guests
Pro Forma - Answer✔Estimate of a business's revenue, expenses & profitability
SWOT Analysis - Answer✔Strength, Weakness, Opportunity and Threat
Value - Answer✔Amount a customer is willing to pay and be satisfied
What must managers do next after receiving an invoice for payment? - Answer✔Enter the
invoice in the AP system
The purpose of a credit memo is to - Answer✔correct the amount due listed on an invoice
3|Page
