HFA Study Guide UPDATED ACTUAL
Exam Questions and CORRECT Answers
Who's responsible for the investigation of complaints concerning licenses? - CORRECT
ANSWER - The division
How many C.E.s does a HFA need every two years? - CORRECT ANSWER - 40 C.E.
credits
If a person is not licensed as an HFA or RCA, what title can't they use? - CORRECT
ANSWER - Assistant HF Administrator
Assistant RC Administrator
If using the word "administrator" but not actually licensed, then they are in violation of Indiana
law. The designations "assistant-to-the-administrator" end "administrative assistant"
Educational and AIT requirements may be satisfied by two years of active work experience as a
licensed HFA in another state. Evidence must be presented to the board demonstrating
competency of practice.
(C) applicants for licensure as an HFA may request that the board consider previous experience
to satisfy the AIT requirements of subsection (a). AIT requirements may be satisfied by any of
the following: - CORRECT ANSWER - 1. One year of active work experience as a
licensed HFA
2. Completion of a training program required for licensure as an HFA in another state that is
determined by the board to be equivalent to the AIT requirements of this state
3. Compiation of a residency-internship in health care administration completed as part of a
degree requirement of subsection (a)(1) and
(a) (2) that is determined by the board to be equivalent to the AIT requirements of this state
(4) one year of active work experience as a chief executive officer of chief operations officer in a
hospital.
, (5) a masters degree in health care administration and 6 months of active work experience as a
licensed HFA in another state
What organization must use the calendar year as their fiscal year? - CORRECT
ANSWER - Sole Proprietorship
What organizations usually use calendar year for their fiscal year - CORRECT ANSWER -
1. Partnerships (exceptions may exist)
2. Limited Partnerships (exceptions may exist)
3. S Corporation (Unless IRS approval
What organization can use any 12 month period as their fiscal year? - CORRECT
ANSWER - C Corporation
What organization must review classification of corp/partnership before determining fiscal year?
- CORRECT ANSWER - LLC
What does GAAP stand for? (Accounting) - CORRECT ANSWER - Generally accepted
accounting principles
What accounting system contains information in chronological order the financial transactions of
a business? - CORRECT ANSWER - A Journal
ADA is divided into what 5 titles? - CORRECT ANSWER - 1. Employment (Title I)
2. Public Services (Title II)
3. Public Accommodations (Title III)
4. Telecommunications (Title IV)
5. Misc. (Title V)
Exam Questions and CORRECT Answers
Who's responsible for the investigation of complaints concerning licenses? - CORRECT
ANSWER - The division
How many C.E.s does a HFA need every two years? - CORRECT ANSWER - 40 C.E.
credits
If a person is not licensed as an HFA or RCA, what title can't they use? - CORRECT
ANSWER - Assistant HF Administrator
Assistant RC Administrator
If using the word "administrator" but not actually licensed, then they are in violation of Indiana
law. The designations "assistant-to-the-administrator" end "administrative assistant"
Educational and AIT requirements may be satisfied by two years of active work experience as a
licensed HFA in another state. Evidence must be presented to the board demonstrating
competency of practice.
(C) applicants for licensure as an HFA may request that the board consider previous experience
to satisfy the AIT requirements of subsection (a). AIT requirements may be satisfied by any of
the following: - CORRECT ANSWER - 1. One year of active work experience as a
licensed HFA
2. Completion of a training program required for licensure as an HFA in another state that is
determined by the board to be equivalent to the AIT requirements of this state
3. Compiation of a residency-internship in health care administration completed as part of a
degree requirement of subsection (a)(1) and
(a) (2) that is determined by the board to be equivalent to the AIT requirements of this state
(4) one year of active work experience as a chief executive officer of chief operations officer in a
hospital.
, (5) a masters degree in health care administration and 6 months of active work experience as a
licensed HFA in another state
What organization must use the calendar year as their fiscal year? - CORRECT
ANSWER - Sole Proprietorship
What organizations usually use calendar year for their fiscal year - CORRECT ANSWER -
1. Partnerships (exceptions may exist)
2. Limited Partnerships (exceptions may exist)
3. S Corporation (Unless IRS approval
What organization can use any 12 month period as their fiscal year? - CORRECT
ANSWER - C Corporation
What organization must review classification of corp/partnership before determining fiscal year?
- CORRECT ANSWER - LLC
What does GAAP stand for? (Accounting) - CORRECT ANSWER - Generally accepted
accounting principles
What accounting system contains information in chronological order the financial transactions of
a business? - CORRECT ANSWER - A Journal
ADA is divided into what 5 titles? - CORRECT ANSWER - 1. Employment (Title I)
2. Public Services (Title II)
3. Public Accommodations (Title III)
4. Telecommunications (Title IV)
5. Misc. (Title V)
