About This Course

This closed-book exam is a multiple-choice, true/false and multiple-answer format. You will have 60 days to complete this exam from date of enrollment.

Areas of Assessment

Financial Planning

• Integration with Business Plan
• Financial Projections
• Pro-forma Statement of Operations
• Pricing Models
• Break-even Analysis
• Overhead Costs
• Margin/Mark-up
• Pro-forma Statement of Financial Position
• Pro-forma Cash Flow Statement

Financial Management

• Financial Management Practices
• Accounting Concepts, Principles and Practices
• Bookkeeping
• Financial Statements
• Financial Performance Measures
• Financing
• Working with Lenders
• Credit Arrangements
• Loan and Collateral Security Requirement and Arrangements
• Cost Control
• Purchase Order System
• Controls for Extras and Changes

Please note that the cost of the HCRA Exam includes access to the examination only. To better prepare for the exam and receive supporting course materials we recommend that you register for and attend the respective HCRA-approved course HCRA: Financial Planning and Management.