CMAA Practice Exam 2025 – Complete Guide for Exam Prep

The accounts receivable report is critical for providing insight into the outstanding balances owed to a practice. This report details all money that is owed to the practice by patients or insurers for services rendered. It includes information on invoices that have not yet been paid, allowing the medical administrative assistant to track which balances are outstanding and how long they have been overdue. This is essential for managing cash flow and ensuring that the practice can maintain its financial health.

Other reports have different primary focuses. A profit and loss statement summarizes revenues and expenses over a specific period, providing overall financial performance insights rather than specific amounts owed. The cash flow statement reflects the inflows and outflows of cash, emphasizing liquidity rather than debts owed. A salary report outlines the wages and compensation related to employees but does not address accounts receivable or outstanding balances. Thus, the accounts receivable report is the most relevant tool for examining outstanding balances.