Healthcare Finance Question and
answers rated 2025/2026
A statement of cash flows includes: - correct answer ✔Cash flows from operating activities, cash flows
from investing activities, and cash flows from financing activities
Functions of an internal audit department include: - correct answer ✔Ensuring that hospitals comply
with their financial record keeping and reporting and recording of revenues and expenses
In the accrual accounting method: - correct answer ✔Revenues are recognized when revenues are
earned
Recording transactions assists in: - correct answer ✔All of the following:
Accuracy of financial acts
Summarizing accounts
Ease of tracking financial transactions
Rules for recording transactions do not include: - correct answer ✔An accounting method when cash
was received or expended.
Statement of Operations includes: - correct answer ✔Both operating expenses and an increase in
unrestricted net assets
The "book" refers to transactions: - correct answer ✔Journal recorded chronologically
To develop financial statements, transactions: - correct answer ✔Have been analyzed and recorded
answers rated 2025/2026
A statement of cash flows includes: - correct answer ✔Cash flows from operating activities, cash flows
from investing activities, and cash flows from financing activities
Functions of an internal audit department include: - correct answer ✔Ensuring that hospitals comply
with their financial record keeping and reporting and recording of revenues and expenses
In the accrual accounting method: - correct answer ✔Revenues are recognized when revenues are
earned
Recording transactions assists in: - correct answer ✔All of the following:
Accuracy of financial acts
Summarizing accounts
Ease of tracking financial transactions
Rules for recording transactions do not include: - correct answer ✔An accounting method when cash
was received or expended.
Statement of Operations includes: - correct answer ✔Both operating expenses and an increase in
unrestricted net assets
The "book" refers to transactions: - correct answer ✔Journal recorded chronologically
To develop financial statements, transactions: - correct answer ✔Have been analyzed and recorded
