HFMA CHFP Exam Questions & Answers

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Questions 1

Which of the following are the four aspects that all the businesses are required to produce financial statements at least annually?

A. Balance sheet, statement of operations, statement of changes in equity, statement of expense

B. Journals, statement of operations, statement of changes in equity, statement of expense

C. Balance sheet, statement of operations, statement of changes in equity, statement of cash flow

D. Balance sheet, statement of operations, statement of controlled liabilities, statement of expense

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Questions 2

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

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Questions 3

Organizational units responsible for producing products or providing services and controlling their costs fall in which category?

A. production cost centers

B. cost centers

C. clinical cost centers

D. administrative cost centers

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