FACHE Exam Questions with Correct Solutions Exam Package

What is the purpose of financial accounting? - provide retrospective financial statements for shareholders GAAP - generally acceptable accounting principles FASB - Financial Accounting Standards Board Assumptions and Principles - Separate Entitiy Going Concern Historical Cost...

Workforce Planning - A Function of Human Resources Management (HRM): Development of employment needs by job category. Strategic responses in recruitment, downsizing, training, and compensation Example: Forecast of RNs for required and available by year. Strategy for recruitment, retention, and...

Consolidated Omnibus Budget Reconciliation (COBRA) - is an amendment to the Employee Retirement Income Survey Act of 1974. Gives employees and their families the right to choose to continue to receive health benefits provided by the employer's group health plan for a limited period of time in su...

Purpose of Knowledge Managment (KM) - to translate the HCO's complete knowledge resource to improvement of strategic performance Healthcare Technology and Information Management is - A massive integration system that supports the entire health system; usually includes patient information, ...

Health Insurance Portability & Accountability Act (HIPAA) is a Federal Law designed to facilitate the electronic exchange of information in health care. Which of the following does not pertain to this law? a) Privacy protection components of the law limit non-consensual use as a release or private ...

Sarbanes Oxley - US federal law that set new or expanded requirements for all US public company boards, management and public accounting firms. Cover responsibilities of a public corporation's board of directors, adds criminal penalties and required SEC to create regulations FMLA - 1993: l...