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Financial CHFP Exam Questions
Certified Healthcare Financial Professional (CHFP) (Page 8 )

Updated On: 9-Mar-2026
Page 8 of 63
PDF with 310 Questions

Net assets are:

  1. The difference between an organization's assets and liabilities
  2. The difference between an owner's assets and liabilities
  3. The difference between a shareholder's assets and expenses
  4. The difference between a stakeholder's assets and expenses

Answer(s): A



In investor-owned organizations, the accounting equation is:

  1. Assets are equal to the sum of liabilities and owner's equity
  2. Assets are equal to the sum of liabilities and shareholder's equity
  3. Assets are equal to the sum of liabilities and proprietor's equity
  4. Assets are equal to the sum of liabilities and net assets

Answer(s): B



If assets are equal to the sum of liabilities and net assets in an accounting equation then this equation is feasible for:

  1. Investor-owned organizations
  2. Profit-based organizations
  3. Non-profit based organizations
  4. None of the above

Answer(s): C



Which of the following is NOT included in current assets?

  1. Cash and cash equivalents
  2. short-term investments
  3. patient accounts receivables
  4. long-term investments

Answer(s): D



A measure of how quickly an asset can be converted into cash is called:

  1. Cash conversion
  2. Asset conversion
  3. Liquidity
  4. Equity

Answer(s): C



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