Certified Healthcare Financial Professional (CHFP) - HFMA Actual Exam Questions
Last updated on April 25, 2026
Which of the following are the four aspects that all the businesses are required to produce financial statements at least annually?
Balance sheet, statement of operations, statement of changes in equity, statement of expense
Journals, statement of operations, statement of changes in equity, statement of expense
Balance sheet, statement of operations, statement of changes in equity, statement of cash flow
Balance sheet, statement of operations, statement of controlled liabilities, statement of expense
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A method of budgeting in which the roles and responsibilities of putting together a budget are diffused throughout the organization, typically originating at the department level is called Participatory approach
True
False
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The more frequent the compounding for any given interest level and time period, the less the future value.
True
False
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A fixed-fee payment system instituted by CMS to shift the financial risk of care to the provider in the provision of outpatient services to Medicare recipients is called:
Ambulatory payment classification
Fixed payment services
Flat fee payment provider
Relative services payment system
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The formula to calculate product margin is:
Total contribution margin + avoidable fixed costs
Total contribution margin – avoidable fixed costs
Total contribution margin * fixed costs
Total contribution margin – non-avoidable fixed costs
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