1. Home
  2. HFMA
  3. CHFP

Certified Healthcare Financial Professional

Exam Details

  • Exam Code
    :CHFP
  • Exam Name
    :Certified Healthcare Financial Professional
  • Certification
    :HFMA Certifications
  • Vendor
    :HFMA
  • Total Questions
    :315 Q&As
  • Last Updated
    :Jul 03, 2025

HFMA HFMA Certifications CHFP Questions & Answers

  • Question 271:

    What are the financial obligations that, due to their contractual terms, will be paid within one year?

    A. Current assets

    B. Current liabilities

    C. Current financial reviews

    D. Current payors

  • Question 272:

    is a measure of how much a tangible asset (such as plant or equipment) has been used up or consumed.

    A. Depreciation

    B. Equity

    C. Retail cost

    D. None of the above

  • Question 273:

    The total amount of depreciation taken on as asset since it was put into use is called:

    A. Approved Depreciation

    B. Accumulated Depreciation

    C. Accounted Depreciation D. All of the above

  • Question 274:

    Assets limited to use, long-term investments, property and equipment are all categories of:

    A. Current assets

    B. Account investments

    C. Noncurrent assets

    D. None of the above

  • Question 275:

    Noncurrent assets require special management attention because of their liquidity and transportability, current assets require special attention because of their cost and extensive time horizon it takes to plan, acquire and manage them.

    A. True

    B. False

  • Question 276:

    What refers to relatively expensive items that will be used over a long period?

    A. Supplies

    B. Taxes

    C. Assets

    D. Equipments

  • Question 277:

    What is relatively costly item that allow the organization to deliver service over time?

    A. Equipment

    B. Supplies

    C. Noncurrent asset

    D. Current asset

  • Question 278:

    Supplies refer to small-dollar items that will be used up or fully consumed within more than two years.

    A. True

    B. False

  • Question 279:

    Cash (or cash equivalents) is the most liquid asset on the balance sheet.

    A. True

    B. False

  • Question 280:

    By subtracting contractual allowances and charity care discounts from gross patient accounts receivables, what remains is:

    A. Patients accounts payable

    B. Patients accounts receivable

    C. Patients accounts bill

    D. Patients cash income

Related Exams:

Tips on How to Prepare for the Exams

Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only HFMA exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your CHFP exam preparations and HFMA certification application, do not hesitate to visit our Vcedump.com to find your solutions here.