HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 241:

  Replacement decision is the financial investment decision designed to replace older assets with newer, cost-saving ones.

  A. True
  B. False
  B. False

• Question 242:

  Which technique defines the goals, roles and responsibilities and procedures to be used at various stages in the billing process?

  A. Investment cycle management
  B. Revenue cycle management
  C. Scheduling cycle management
  D. Bill cycle management
  B. Revenue cycle management

• Question 243:

  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
  A. Depreciation

• Question 244:

  Which of the following is NOT the step includes in computing the age of plant ratio?

  A. Identify the accumulated depreciation on the balance sheet.
  B. Identify the depreciated expense on the statement of operations.
  C. Subtract the accumulated depreciation by the depreciation expense
  D. Divide the accumulated depreciation by the depreciation expense.
  C. Subtract the accumulated depreciation by the depreciation expense

• Question 245:

  A lease that lasts shorter than the useful life of the leased asset, typically one year or less and can be canceled any time without penalty refers to:

  A. Decision lease
  B. Capital lease
  C. Operating lease
  D. None of the above
  C. Operating lease

• Question 246:

  Under a compensating balance:

  A. the debtor is required to maintain a designated dollar amount on withdraw with the bank.
  B. the borrower is required to maintain a designated dollar amount on deposit with the bank.
  C. the borrower is not required to maintain a designated dollar amount on deposit with the bank.
  D. the debtor is not required to maintain a designated dollar amount on withdraw with the bank.
  B. the borrower is required to maintain a designated dollar amount on deposit with the bank.

• Question 247:

  What represents the difference between unrestricted revenues, gains and other support and expenses?

  A. Operating expense
  B. Unrestricted net assets
  C. Operating income
  D. Statement of Operations
  C. Operating income

• Question 248:

  Current ratio is equal to:

  A. Current purchase / current sale
  B. Current expenses / current revenues
  C. Current assets / current liabilities
  D. Current cash / current debts
  C. Current assets / current liabilities

• Question 249:

  A Health Maintenance Organization (HMO) that contract with medical groups for services refers to Group Model HMO.

  A. True
  B. False
  A. True

• Question 250:

  Which of the following is NOT the step involved in the bond issuance process?

  A. The health care borrower is evaluated by a credit rating agency.
  B. The bond is rated by a credit rating agency.
  C. The underwriters purchase the bonds from bondholders at very low prices.
  D. Trustee provides the health care provider with the net proceeds from a bond issuance.
  C. The underwriters purchase the bonds from bondholders at very low prices.