Free CHFP Mock Exam – Practice Online Confidently

Increase your chances of passing the HFMA CHFP exam questions on your first try. Practice with our free online CHFP exam mock test designed to help you prepare effectively and confidently.

Exam Code: CHFP
Exam Questions: 315
Certified Healthcare Financial Professional (CHFP)
Updated: 19 Feb, 2026
Question 1

Under accrual basis of accounting, revenues are recognized when earned.

Options :
Answer: A

Question 2

A method of analyzing financial statements that looks at the percentage change in a line item from one year to the next refers to: 

Options :
Answer: A

Question 3

In contrast to excel’s NPV function, the IRR function includes the final investments as one of the entries in the function. 

Options :
Answer: B

Question 4

A health care organization that utilizes an aggressive asset mix strategy seeks to minimize its returnsby investing in non-liquid assets but faces the risk of lower liquidity.

Options :
Answer: B

Question 5

Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers: 

Options :
Answer: C

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