HFMA CHFP Exam Questions Instant Access - No Installation Required

Question 1

Required Cash Balance is:

AThe amount of credit an organization must have on hand at mid of previous period to ensure that it has enough credit to cover the expected inflows during next forecasting period.

BThe amount of cash an organization must have on hand at mid of current year to ensure that it has enough cash to cover the expected inflows during next forecasting period.

CThe amount of credit an organization must have on hand at end of current year to ensure that it has enough credit to cover the expected outflows during current forecasting period.

DThe amount of cash an organization must have on hand at end of current period to ensure that it has enough cash to cover the expected outflows during next forecasting period.

Answer : D

Question 2

_____________ should not be included as a cash flow because it is part of financing flows and is included in the discount rate.

ACapital expense

BInterest expense

CInvestment expense

DFinance expense

Answer : B

Question 3

Bad debt expense is:

Athe estimate of patient accounts payables that will not be collected.

Bthe estimate of patient accounts receivables that will be collected.

Cthe estimate of patient accounts receivables that will not be collected.

Dthe estimate of patient accounts payables that will be collected.

Answer : C

Question 4

An arrangement in which an entity that receives a discount for agreeing or recommend patients to a provider refers to:

ADiscount pool

BMarkdown payment

CSteerage

DCopayment

Answer : C

Question 5

A dollar will purchase less in the future than it will today, thus value of dollar in the future is worth less than it is today, this refers to:

AFuture depreciated currency

BInflation

CUncertainty

DCost reduction

Answer : B

Question 6

The interest rate that a hospital borrower exchanges between another party, typically a bank or investment banking firm, with the intent of securing a more favorable rate is called:

ARate of exchange

BFavorable rate swaps

CInterest rate swaps

DPayment swapping

Answer : C

Question 7

Which are a measure of the amount of resources used or consumed in providing a service, not cash-out flows?

AOperating income

BCredit

CRevenue

DExpense

Answer : D

HFMA Certified Healthcare Financial Professional CHFP Exam Questions