1. Which of the following is a basic financial statement?

1. Statement of Cash Flows
2. Balance Sheet
3. Statement of Operations
4. All of the above

2. A balance sheet highlights assets, liabilities and resources used. True or False?

3. Assets include accrued pension. True or False?

4. Liabilities are defined as:

1. Patient accounts receivable
2. Financial obligations due within a year
3. Cash and cash equivalents
4. Inventories

5. On the balance sheet for non-profits, net assets includes two major accounts:

a. Revenue and expenses

b. None of the above

c. With Donor restriction and Without donor restriction

d. Cash and inventory

6. Net assets section of a balance sheet for not for profits is analogous to the owner and equity on a for profit balance sheet. True or False?

7. Assets are defined as:

1. Cash, investments, inventory and receivables
2. Accrued pension
3. Long term debt
4. Self-insurance reserves

8. Body of the statement of cash flows does not include:

1. Cash flows from financing activities
2. Cash flows from operating activities
3. Cash flows from investing activities
4. Current liabilities

9. ACA is the abbreviation for what legislation?

1. Affordable Care Act
2. Activity Based Costing
3. Accountable Care Organizations
4. Administrative Cost Accounting

10. Which of the following is the goal of the U.S. health care system?

1. Quality
2. Cost
3. All of the Above
4. Acces