Practice for CPPM Exam Questions With
Correct Answers
*Efficiency |- |CORRECT |ANSWER✔✔-Process |& |doing |things |right
*Effectiveness |- |CORRECT |ANSWER✔✔-Outcomes |& |doing |the |right |thing
Accural |Accounting |- |CORRECT |ANSWER✔✔-Records |revenues |when |they |are |earned |&
|expenses |when |they |have |been |accrued. |Provides |a |more |accurate |reflection |of |your |current
|financial |situation
Cash |Based |Accounting |- |CORRECT |ANSWER✔✔-Recognizes |revenue |only |when |cash |is
|collected |& |expenses |when |cash |is |paid. |Provides |a |truer |reflection |of |actual |cash |on |hand |&
|requires |less |reconciliation
Chart |of |Accounts |- |CORRECT |ANSWER✔✔-Lists |all |potential |accounts |for |all |financial
|information |(income, |expenses, |assets, |liabilities, |equities
Income |Statement |- |CORRECT |ANSWER✔✔-Records |all |revenues |& |expenses |associated |with
|the |business |for |a |specified |time. |Summary |of |a |company's |profit |or |loss |during |a |given
|period
Balance |Sheet |- |CORRECT |ANSWER✔✔-Snapshot |of |buisness' |financial |condition |at |specific
|time. |Includes |values |for |assets, |liabilities |& |stockholders |equity
Cash |Flow |Statement |- |CORRECT |ANSWER✔✔-Financial |statement |used |to |maintain |awareness
|of |funds |(cash |available) |to |support |ongoing |business |operations
, Break |Even |Point |- |CORRECT |ANSWER✔✔-Point |where |revenues |for |services |minus |all |variable
|expenses |= |the |fixed |expenses |& |add'l |revenue |will |start |creating |a |profit |for |the |business
OSHA |- |CORRECT |ANSWER✔✔-*Procedures |for |reporting |a |file
* |Evacuatin |procedures |during |emergency
*fire |extinguisher |locations
* |Emergency |contacts |& |info
* |Designated |meeting |location
* |Staff |assignments |& |responses
**Revenue |Per |Visit |(RPV) |Calculated |- |CORRECT |ANSWER✔✔-Review |payor |contracts |= |Toal
|amount |collected |./. |total |# |pt |visits
**Days |in |A/R |formula |- |CORRECT |ANSWER✔✔-total |A/R |./. |(total |charges |./. |total |days |in |A/R
(i.e. |$558039 |./. |($700,00 |./. |60)
Medical |Necessity |- |CORRECT |ANSWER✔✔-Most |important |criteria |for |E&M
Days |in |A/R |- |CORRECT |ANSWER✔✔-How |long |it |takes |to |collect |a |charge. |Good |is |less |than
|40 |days
**Days |in |A/R |forumula |- |CORRECT |ANSWER✔✔-Total |A/R |./. |Total |charges |./. |# |of |days |for
|charges
Assests |= |- |CORRECT |ANSWER✔✔-liabilities |& |equity
Assests |- |CORRECT |ANSWER✔✔-If |assests |are |higher |than |liabilites, |that's |a |good |thing
Correct Answers
*Efficiency |- |CORRECT |ANSWER✔✔-Process |& |doing |things |right
*Effectiveness |- |CORRECT |ANSWER✔✔-Outcomes |& |doing |the |right |thing
Accural |Accounting |- |CORRECT |ANSWER✔✔-Records |revenues |when |they |are |earned |&
|expenses |when |they |have |been |accrued. |Provides |a |more |accurate |reflection |of |your |current
|financial |situation
Cash |Based |Accounting |- |CORRECT |ANSWER✔✔-Recognizes |revenue |only |when |cash |is
|collected |& |expenses |when |cash |is |paid. |Provides |a |truer |reflection |of |actual |cash |on |hand |&
|requires |less |reconciliation
Chart |of |Accounts |- |CORRECT |ANSWER✔✔-Lists |all |potential |accounts |for |all |financial
|information |(income, |expenses, |assets, |liabilities, |equities
Income |Statement |- |CORRECT |ANSWER✔✔-Records |all |revenues |& |expenses |associated |with
|the |business |for |a |specified |time. |Summary |of |a |company's |profit |or |loss |during |a |given
|period
Balance |Sheet |- |CORRECT |ANSWER✔✔-Snapshot |of |buisness' |financial |condition |at |specific
|time. |Includes |values |for |assets, |liabilities |& |stockholders |equity
Cash |Flow |Statement |- |CORRECT |ANSWER✔✔-Financial |statement |used |to |maintain |awareness
|of |funds |(cash |available) |to |support |ongoing |business |operations
, Break |Even |Point |- |CORRECT |ANSWER✔✔-Point |where |revenues |for |services |minus |all |variable
|expenses |= |the |fixed |expenses |& |add'l |revenue |will |start |creating |a |profit |for |the |business
OSHA |- |CORRECT |ANSWER✔✔-*Procedures |for |reporting |a |file
* |Evacuatin |procedures |during |emergency
*fire |extinguisher |locations
* |Emergency |contacts |& |info
* |Designated |meeting |location
* |Staff |assignments |& |responses
**Revenue |Per |Visit |(RPV) |Calculated |- |CORRECT |ANSWER✔✔-Review |payor |contracts |= |Toal
|amount |collected |./. |total |# |pt |visits
**Days |in |A/R |formula |- |CORRECT |ANSWER✔✔-total |A/R |./. |(total |charges |./. |total |days |in |A/R
(i.e. |$558039 |./. |($700,00 |./. |60)
Medical |Necessity |- |CORRECT |ANSWER✔✔-Most |important |criteria |for |E&M
Days |in |A/R |- |CORRECT |ANSWER✔✔-How |long |it |takes |to |collect |a |charge. |Good |is |less |than
|40 |days
**Days |in |A/R |forumula |- |CORRECT |ANSWER✔✔-Total |A/R |./. |Total |charges |./. |# |of |days |for
|charges
Assests |= |- |CORRECT |ANSWER✔✔-liabilities |& |equity
Assests |- |CORRECT |ANSWER✔✔-If |assests |are |higher |than |liabilites, |that's |a |good |thing
