HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 261:

  What is called common-size analysis because it converts every line item to a percentage, thus allowing comparisons of the makeup of the financial statements of different-sized organizations?

  A. Horizontal analysis
  B. Vertical analysis
  C. Baseline analysis
  D. Financial analysis
  B. Vertical analysis

• Question 262:

  At the top of the balance sheet there is a three-line heading that includes name of the organization, name ff statement and

  A. One date
  B. Two dates
  C. Three dates
  D. none of the above
  B. Two dates

• Question 263:

  ____________expenses are the expenses that arise in the control course of business that have not yet been paid.

  Accrued expenses

• Question 264:

  The formula for trend analysis is:

  A. (any subsequent year ?base year / base year) * 100
  B. (particular income subsequent year + base year / previous year) + 365
  C. (particular revenue current year ?previous year / base year) * 100
  D. (particular revenue previous year + base year / current year) + 365
  A. (any subsequent year ?base year / base year) * 100

• Question 265:

  The more frequent the compounding for any given interest level and time period, the less the future value.

  A. True
  B. False
  B. False

• Question 266:

  The extent to which there are consequences attached to carrying out responsibilities is known as:

  A. Responsibility
  B. Authority
  C. Measurement
  D. Accountability
  D. Accountability

• Question 267:

  Predetermined rate is:

  A. A set fee paid to a debtor for a specific episode of care.
  B. A set fee received from a debtor for a specific episode of payment.
  C. A set fee paid to a provider for an inpatient episode of care.
  D. A set fee received from a provider for an inpatient episode of payment.
  C. A set fee paid to a provider for an inpatient episode of care.

• Question 268:

  Two dates are often shown so that the reader can compare two successive periods, this is called:

  A. comparative net assets
  B. comparative balance sheet
  C. comparative income statement
  D. comparative cash flows
  B. comparative balance sheet

• Question 269:

  An agent for bondholders who ensures that the health care facility is making timely principal and interest payments to the bondholders and complies with legal covenants of the bond is called:

  A. Payment care
  B. Payment trustee
  C. Bond trustee
  D. Trustee
  D. Trustee

• Question 270:

  Which measure a facility's ability to meet short-term obligations, collect receivables and maintain a cash position?

  A. Benchmarking
  B. Cash adjustments
  C. Quick ratio
  D. Liquidity ratios
  D. Liquidity ratios