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Using the Leadership and Management Competency Checklist,the Nurse Preceptor Can

question 23

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Using the Leadership and Management Competency Checklist,the nurse preceptor can assist the orienting nurse to obtain skills in leadership and management and to professionally develop their role.Some of the areas involved on this checklist include:

Differentiate between tangible and intangible assets and understand the criteria for their recognition and measurement.
Recognize the accounting treatment of natural resources and the depletion method.
Understand the rules for capitalizing or expensing costs related to the acquisition, development, and maintenance of assets.
Identify the financial reporting requirements for the disposal and impairment of long-lived assets.

Definitions:

Insurable Interest

Any interest in property such that the owner would experience a benefit from the continued existence of the property or a loss from its destruction.

Identified Goods

Items that are designated by the buyer and seller as the specific goods involved in a contract of sale.

Risk Of Loss

The financial and legal responsibility for damages, loss, or destruction of goods during transport or transactions.

Negotiable Warehouse Receipt

A document issued by a warehouse listing goods being stored that is transferable by endorsement, allowing for the trading of the document as if it were the goods themselves.

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