HFMA's CSAF Certified Specialist
Accounting and Finance Exam Questions
and Answers with Verified Solutions | Latest
Updated 2026
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 Predetermined (Synthetic), Negotiated
standards. (Historical),
and Customized (Engineered)
,Four Types of Individual Cost Variable, Fixed Cost Pattern,
behaviors Semi-Variable Cost
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
used in managed care Rate,
Capitation
Healthcare providers should the reimbursement method proposed in
develop different modeling tools the
depending on contract
The general categories of provider per-person, aggregate, and carve-out.
excess loss insurance are
A Strategic Plan allows have a clear plan as to why they are in
organizations 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,
assumptions for the following: Inflation on
expense, FTE per visit, Productivity on
FTE per visit,
Labor cost per FTE, Net Rev per visit
, Operating budget's statistical Historical statistics, Historical relationship
factors 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
productivity is are
being used efficiently
Budget types include fixed and flexible
The four budget variances used to Volume, rate (charged), price (of a supply),
explain by cause are and
efficiency (cost per procedure).
Three common Capital Evaluation Payback, Net Present Value Method,
techniques Return on
Investment
Users of ratio analysis Board of Directors, Management, Health
Systems
Agencies, Creditors, Employee Unions,
Rate
Regulators
Accounting and Finance Exam Questions
and Answers with Verified Solutions | Latest
Updated 2026
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 Predetermined (Synthetic), Negotiated
standards. (Historical),
and Customized (Engineered)
,Four Types of Individual Cost Variable, Fixed Cost Pattern,
behaviors Semi-Variable Cost
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
used in managed care Rate,
Capitation
Healthcare providers should the reimbursement method proposed in
develop different modeling tools the
depending on contract
The general categories of provider per-person, aggregate, and carve-out.
excess loss insurance are
A Strategic Plan allows have a clear plan as to why they are in
organizations 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,
assumptions for the following: Inflation on
expense, FTE per visit, Productivity on
FTE per visit,
Labor cost per FTE, Net Rev per visit
, Operating budget's statistical Historical statistics, Historical relationship
factors 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
productivity is are
being used efficiently
Budget types include fixed and flexible
The four budget variances used to Volume, rate (charged), price (of a supply),
explain by cause are and
efficiency (cost per procedure).
Three common Capital Evaluation Payback, Net Present Value Method,
techniques Return on
Investment
Users of ratio analysis Board of Directors, Management, Health
Systems
Agencies, Creditors, Employee Unions,
Rate
Regulators
