1|Page
HCAD 760 Midterm| Comprehensive Q&A
For Certification Success
1) policymaker or manager
2) type of healthcare organization-correct-answer-definition of healthcare finance
depends on the context of:
health care finance-correct-answer-the practice of finance, including both
accounting & financial management, within health services (provider)
organizations
accounting-correct-answer-measurement, in financial (dollar) terms, of events
that reflect the resources, operations, & financing of an organization; external
reports, taxes
financial management-correct-answer-theory, concepts, & tools necessary to help
managers make better financial decisions; internal, improves organization's
opportunities & efficiency
, 2|Page
No, both capture, measure, & use data, but with different purpose-correct-
answer-accounting & financial mgmt independent?
1) obtains financing from marketplace
2) uses funds to buy assets
3) operates the assets to provide goods or services
4) sells goods or services to create revenue-correct-answer-characteristics of
business:
max shareholder return-correct-answer-goals of business (for profit)
max community or mission benefit-correct-answer-goals of pure charity
primary role of finance-correct-answer-to plan for, acquire, & utilize resources to
maximize the efficiency (& hence value) of the enterprise
1) planning & budgeting
2) financial reporting
3) capital investment decisions
HCAD 760 Midterm| Comprehensive Q&A
For Certification Success
1) policymaker or manager
2) type of healthcare organization-correct-answer-definition of healthcare finance
depends on the context of:
health care finance-correct-answer-the practice of finance, including both
accounting & financial management, within health services (provider)
organizations
accounting-correct-answer-measurement, in financial (dollar) terms, of events
that reflect the resources, operations, & financing of an organization; external
reports, taxes
financial management-correct-answer-theory, concepts, & tools necessary to help
managers make better financial decisions; internal, improves organization's
opportunities & efficiency
, 2|Page
No, both capture, measure, & use data, but with different purpose-correct-
answer-accounting & financial mgmt independent?
1) obtains financing from marketplace
2) uses funds to buy assets
3) operates the assets to provide goods or services
4) sells goods or services to create revenue-correct-answer-characteristics of
business:
max shareholder return-correct-answer-goals of business (for profit)
max community or mission benefit-correct-answer-goals of pure charity
primary role of finance-correct-answer-to plan for, acquire, & utilize resources to
maximize the efficiency (& hence value) of the enterprise
1) planning & budgeting
2) financial reporting
3) capital investment decisions
