HFMA's CSAF Certified Specialist Accounting and
Finance Exam | Questions with 100% Correct
Answers | Verified | Latest Update 2026
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Terms in this set (356)
Contribution Margin Difference between marginal revenue and marginal
cost.
Break-even point Level of sales volume of a product producing the
exact amount of contribution margin needed to
cover fixed costs.
Overhead Indirect Costs
Activity-based costing (ABC) Method of determining product costs using cost
drivers or activity measures, which cause indirect
costs to be incurred.
Three main types of Cost standards. Predetermined (Synthetic), Negotiated (Historical),
and Customized (Engineered)
Four Types of Individual Cost Variable, Fixed Cost Pattern, Semi-Variable Cost
behaviors Pattern, Semi-Fixed or Stepped Variable
Three Principal Types of expense Price, Volume, and Efficiency
variances
, The 4 Primary payment methods Fee-for-Service, Per Diem Rate, Case Rate,
used in managed care Capitation
Healthcare providers should the reimbursement method proposed in the
develop different modeling tools contract
depending on
The general categories of provider per-person, aggregate, and carve-out.
excess loss insurance are
A Strategic Plan allows organizations have a clear plan as to why they are in business and
to how they can stay in business in the future.
The main types of control budgets operating, capital, and cash.
include
A budgeting process develops Admissions, ALOS, Expense per visit, Inflation on
assumptions for the following: expense, FTE per visit, Productivity on FTE per visit,
Labor cost per FTE, Net Rev per visit
Operating budget's statistical factors Historical statistics, Historical relationship of
include department volume, anticipated effects of new
programs, clinical practice patters, covered lives in
global payment risk programs, changes in
regulatory environment, technical developments,
process improvements, marketing efforts,
demographic trends
The primary purpose of measuring for management to determine if resources are
productivity is being used efficiently
Budget types include fixed and flexible
Finance Exam | Questions with 100% Correct
Answers | Verified | Latest Update 2026
Save
Terms in this set (356)
Contribution Margin Difference between marginal revenue and marginal
cost.
Break-even point Level of sales volume of a product producing the
exact amount of contribution margin needed to
cover fixed costs.
Overhead Indirect Costs
Activity-based costing (ABC) Method of determining product costs using cost
drivers or activity measures, which cause indirect
costs to be incurred.
Three main types of Cost standards. Predetermined (Synthetic), Negotiated (Historical),
and Customized (Engineered)
Four Types of Individual Cost Variable, Fixed Cost Pattern, Semi-Variable Cost
behaviors Pattern, Semi-Fixed or Stepped Variable
Three Principal Types of expense Price, Volume, and Efficiency
variances
, The 4 Primary payment methods Fee-for-Service, Per Diem Rate, Case Rate,
used in managed care Capitation
Healthcare providers should the reimbursement method proposed in the
develop different modeling tools contract
depending on
The general categories of provider per-person, aggregate, and carve-out.
excess loss insurance are
A Strategic Plan allows organizations have a clear plan as to why they are in business and
to how they can stay in business in the future.
The main types of control budgets operating, capital, and cash.
include
A budgeting process develops Admissions, ALOS, Expense per visit, Inflation on
assumptions for the following: expense, FTE per visit, Productivity on FTE per visit,
Labor cost per FTE, Net Rev per visit
Operating budget's statistical factors Historical statistics, Historical relationship of
include department volume, anticipated effects of new
programs, clinical practice patters, covered lives in
global payment risk programs, changes in
regulatory environment, technical developments,
process improvements, marketing efforts,
demographic trends
The primary purpose of measuring for management to determine if resources are
productivity is being used efficiently
Budget types include fixed and flexible
