QUESTION N° 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

CHOICES : A B C D

CORRECT ANSWER : C

HFMA CHFP - Certified Healthcare Financial Professional

The term CHFP stands for Certified Healthcare Financial Professional. Its meaning has evolved as healthcare insurance continues to evolve and technology advances. While the average person has no need to be an expert in finance to understand its meaning, a person with at least three years of experience in the industry can benefit from becoming certified. Having CHFP status is an excellent way to stay on top of industry trends and advance your career. To get certified, you must have a HFMA business partner or professional all-access membership.

The HFMA CHFP designation is the most highly respected designation in the healthcare industry. Its comprehensive curriculum includes strategic finance, risk mitigation, and healthcare accounting. It is an important designation that distinguishes professionals in the industry and inspires confidence. The certification shows a person's commitment to high industry standards and a sense of personal responsibility. In addition to the CHFP designation, candidates who hold HFMA Fellow status are recognized as leading practitioners of the field.

There are two levels of certification available, FHFMA and CHFP. The first qualifies healthcare executives for the certification, while the second qualifies those in the clinical side of the industry. The certification requires an examination and a series of presentations. However, a CHFP designation also carries recognition as a recognized leader in the industry. The FHFMA designation recognizes individuals who have demonstrated leadership in the healthcare finance industry and have dedicated many years to the profession.

The CHFP certification is awarded after completing two modules and passing an exam. The HFMA offers coaching courses throughout the year. In addition to the online modules, there are also face-to-face trainings for other professionals in the healthcare industry. By achieving this certification, you will become recognized as a leader and an expert in the industry. The HFMA certification is an excellent way to prove your expertise and commitment to the industry.

The FHFMA certification is available to those who have completed the required educational requirements. It is also a great way to demonstrate your commitment to your profession. The designation can be earned and maintained by undergoing a series of training programs. It can also be renewed through HFMA. The designation is valid for three years and must be renewed. The FHFMA certification is good for lifelong learning. You must keep up with the new standards to maintain it.

For certification, HFMA members must follow certain requirements. Successful completion of all requirements will result in a certificate. In addition, HFMA members must sign-in and complete the CPE sign-in sheets at each meeting. After the exams, they must maintain their certification. They must also attend HFMA meetings and special interest groups to maintain their designation. This certification is given only to those who volunteer. If you are a HFMA member, it is important to follow the guidelines in the HFMA website.