HFMA CSAF EXAMPREP STUDY GUIDE
2026 EXAM QUESTIONS AND CORRECT
ANSWERS
⫸ 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 behaviors - Variable, Fixed Cost
Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
⫸ Three Principal Types of expense variances - Price, Volume, and
Efficiency
,⫸ The 4 Primary payment methods used in managed care - Fee-for-
Service, Per Diem Rate, Case Rate, Capitation
⫸ Healthcare providers should develop different modeling tools
depending on - the reimbursement method proposed in the contract
⫸ The general categories of provider excess loss insurance are - per-
person, aggregate, and carve-out.
⫸ A Strategic Plan allows organizations to - have a clear plan as to why
they are in business and how they can stay in business in the future.
⫸ The main types of control budgets include - operating, capital, and
cash.
⫸ A budgeting process develops assumptions for the following: -
Admissions, ALOS, Expense per visit, Inflation on expense, FTE per
visit, Productivity on FTE per visit, Labor cost per FTE, Net Rev per
visit
⫸ Operating budget's statistical factors include - Historical statistics,
Historical relationship of 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 productivity is - for management
to determine if resources are being used efficiently
⫸ Budget types include - fixed and flexible
⫸ The four budget variances used to explain by cause are - Volume, rate
(charged), price (of a supply), and efficiency (cost per procedure).
⫸ Three common Capital Evaluation techniques - Payback, Net Present
Value Method, Return on Investment
⫸ Users of ratio analysis - Board of Directors, Management, Health
Systems Agencies, Creditors, Employee Unions, Rate Regulators
⫸ The categories of ratios used - Profitability Ratios, Liquidity Ratios,
Activity Ratios, Capital Structure Ratios
⫸ Two common types of long-term debt - Revenue bonds and General
Obligation Bonds
⫸ Undertake debt restructuring by either retiring or reacquiring existing
debt for 4 reasons - Take advantage of lower interest rates, change
2026 EXAM QUESTIONS AND CORRECT
ANSWERS
⫸ 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 behaviors - Variable, Fixed Cost
Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
⫸ Three Principal Types of expense variances - Price, Volume, and
Efficiency
,⫸ The 4 Primary payment methods used in managed care - Fee-for-
Service, Per Diem Rate, Case Rate, Capitation
⫸ Healthcare providers should develop different modeling tools
depending on - the reimbursement method proposed in the contract
⫸ The general categories of provider excess loss insurance are - per-
person, aggregate, and carve-out.
⫸ A Strategic Plan allows organizations to - have a clear plan as to why
they are in business and how they can stay in business in the future.
⫸ The main types of control budgets include - operating, capital, and
cash.
⫸ A budgeting process develops assumptions for the following: -
Admissions, ALOS, Expense per visit, Inflation on expense, FTE per
visit, Productivity on FTE per visit, Labor cost per FTE, Net Rev per
visit
⫸ Operating budget's statistical factors include - Historical statistics,
Historical relationship of 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 productivity is - for management
to determine if resources are being used efficiently
⫸ Budget types include - fixed and flexible
⫸ The four budget variances used to explain by cause are - Volume, rate
(charged), price (of a supply), and efficiency (cost per procedure).
⫸ Three common Capital Evaluation techniques - Payback, Net Present
Value Method, Return on Investment
⫸ Users of ratio analysis - Board of Directors, Management, Health
Systems Agencies, Creditors, Employee Unions, Rate Regulators
⫸ The categories of ratios used - Profitability Ratios, Liquidity Ratios,
Activity Ratios, Capital Structure Ratios
⫸ Two common types of long-term debt - Revenue bonds and General
Obligation Bonds
⫸ Undertake debt restructuring by either retiring or reacquiring existing
debt for 4 reasons - Take advantage of lower interest rates, change
