Practice for CPPM Exam latest
version fullly solved & updated
(graded A+)
*Efficiency - answer Process & doing things right
*Effectiveness - answer Outcomes & doing the right thing
Accural Accounting - 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 - 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 - answer Lists all potential accounts for all
financial information (income, expenses, assets, liabilities, equities
Income Statement - 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 - answer Snapshot of buisness' financial condition at
specific time. Includes values for assets, liabilities & stockholders
equity
Cash Flow Statement - answer Financial statement used to maintain
awareness of funds (cash available) to support ongoing business
operations
, Break Even Point - 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 - 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 - answer Review payor
contracts = Toal amount collected ./. total # pt visits
**Days in A/R formula - answer total A/R ./. (total charges ./. total
days in A/R
(i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity - answer Most important criteria for E&M
Days in A/R - answer How long it takes to collect a charge. Good is
less than 40 days
**Days in A/R forumula - answer Total A/R ./. Total charges ./. # of
days for charges
Assests = - answer liabilities & equity
Assests - answer If assests are higher than liabilites, that's a good
thing
version fullly solved & updated
(graded A+)
*Efficiency - answer Process & doing things right
*Effectiveness - answer Outcomes & doing the right thing
Accural Accounting - 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 - 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 - answer Lists all potential accounts for all
financial information (income, expenses, assets, liabilities, equities
Income Statement - 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 - answer Snapshot of buisness' financial condition at
specific time. Includes values for assets, liabilities & stockholders
equity
Cash Flow Statement - answer Financial statement used to maintain
awareness of funds (cash available) to support ongoing business
operations
, Break Even Point - 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 - 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 - answer Review payor
contracts = Toal amount collected ./. total # pt visits
**Days in A/R formula - answer total A/R ./. (total charges ./. total
days in A/R
(i.e. $558039 ./. ($700,00 ./. 60)
Medical Necessity - answer Most important criteria for E&M
Days in A/R - answer How long it takes to collect a charge. Good is
less than 40 days
**Days in A/R forumula - answer Total A/R ./. Total charges ./. # of
days for charges
Assests = - answer liabilities & equity
Assests - answer If assests are higher than liabilites, that's a good
thing
