HFMA CHFP Exam Actual Questions

Name: Certified Healthcare Financial Professional
Brand: QA4Exam
SKU: CHFP
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The questions for CHFP were last updated on Oct 2, 2024.

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Question No. 1

______________ is the contra-asset to properties and equipment and the allowance for uncollectable, which is the contra-asset to accounts receivables.

ADispersive appreciation

BDepreciation expense

CDepreciated Contra-asset

DAccumulated depreciation

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Correct Answer: D

Question No. 2

To find the book value of the fixed asset, the accumulated depreciation is added in the amount of properties and equipment.

ATrue

BFalse

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Correct Answer: A

Question No. 3

Which represents the assets, liabilities and net assets for a health care provider?

AAccounting cycle

BBalance sheet

CIncome statement

DStatement of cash flows

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Correct Answer: B

Question No. 4

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

AOperating expense

BUnrestricted net assets

COperating income

DStatement of Operations

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Correct Answer: C

Question No. 5

What represents the costs that are incurred in the day to day operation of the business?

APermanent restricted net assets

BStatement of cash flows

COperating income

DOperating expenses

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Correct Answer: D

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