CMAA Practice Exam 2025 – Complete Guide for Exam Prep

Question: 1 / 400

What type of report categorizes accounts receivable as 60, 90, or 120 days past due?

Credit report

Aging analysis

The type of report that categorizes accounts receivable based on how long they have been outstanding, such as 60, 90, or 120 days past due, is known as an aging analysis. This report is essential for medical administrative assistants because it provides a clear view of the outstanding debts owed to the practice. By categorizing receivables by the length of time they have been past due, the office can prioritize collection efforts and manage cash flow more effectively.

Aging analysis helps identify trends in payment delays and can assist in decision-making regarding credit policies and follow-up procedures. This type of reporting is critical in maintaining the financial health of the medical practice, as it directly impacts revenue collection and overall operational efficiency.

Get further explanation with Examzify DeepDiveBeta

Account status report

Collection report

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy