Healthcare Financial Management Association
HFMA
HFMA Certified Specialist Managed Care (CSMC)
HFMA CSMC Online Module Assessments and HFMA CSMC
Certification Exam
Course Title and Number: HFMA CSAF Certification Exams
Exam Title: Midterm, Finals, Certification and Assessment
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully and Answer All Questions
2. Use the provided answer sheet to mark your responses.
3. Please Ensure all you answer each question below and click Submit
when you have completed the Exam.
4. This test has a time limit, The test will save and submit automatically
when the time expires
5. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck……...!
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HFMA CSAF Certification Final Exam Review HFMA Certified
Specialist Accounting & Finance (CSAF) Exam Questions and
Answers | 100% Pass Guaranteed | Graded A+ |
2025- 2026
HFMA CSAF Online Module Assessments and HFMA CSAF
Certification Exam
HFMA Certified Specialist Accounting & Finance (CSAF)
Healthcare Financial Management Association HFMA.
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Which option is NOT an action in which the SSA provides for? -
=Answer>> Misrepresenting the diagnosis to justify
payment
What is prospective rate setting? - =Answer>> A method
used to set payment rates in advance of the delivery of
healthcare services
What occurs within retrospective rate setting? - =Answer>>
Third parties usually determine an interim payment rate and,
during the rate period, pay the healthcare organization for
services rendered using that rate
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Which option is NOT used to determine realizable amounts?
A. Contractual agreement with others (such as Blue Cross
plans, Medicare, Medicaid, or HMOs)
B. Legislation or regulation such as workers' compensation or
no-fault insurance
C. Provider policy or practice (such as courtesy discounts to
medical staff members and employees or other administrative
adjustments) - =Answer>> Subsequent to discharge or
completion of service
For internal reporting purposes, revenue and receivables can
be stated either as ____________as long as they are consistently
applied. - =Answer>> Gross or Net
The basic financial statements of healthcare organizations
generally consist of the following elements - =Answer>>
Balance Sheet
Statement of Operations (the statement of operations for not-
for-profit organizations reports all changes in unrestricted net
assets for the period)(the statement of revenues and expenses
reports all changes in net position for the period)
Statement of Changes in Net Assets (or equity)(or net position)
Statement of Cash Flows (using either direct or indirect
method)
Notes of the Financial Statement
If the reporting entity controls a separate not-for profit entity
through a form other than a majority ownership or voting
interest, has an economic interest in that other entity, and does
not present consolidated financial statements, what should NOT
be disclosed in the financial statements? - =Answer>>
Control through a majority voting interest in the board of
another entity by means other than ownership or sole
corporate membership
When should the equity method should be used? -
=Answer>> When investment in voting stock gives an
investor the ability to exercise significant influence over
operating and financial policies of an investee
Regarding the reporting and disclosure requirements of
nongovernmental healthcare organizations, which of the
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following options do NOT require consolidation? -
=Answer>> The reporting entity owns 50 percent or less of
the common voting stock of an investee and can exercise
significant influence over operating and financial policies.
Should report their total income or loss from operations on a
statement that, at a minimum, also presents the total changes
in unrestricted net assets. - =Answer>> Not-for-profit
organizations
Should report the results of their operations in a statement of
operations. - =Answer>> D. Healthcare organizations
Should report their total income or loss from operations on a
statement of revenues and expenses. In many instances the
statement also includes the change in net position. -
=Answer>> Governmental organizations
Should be reported on the face of financial statements using
either a natural classification or a functional presentation. -
=Answer>> expenses
When is revenue typically recorded on a financial statement? -
=Answer>> When coverage is provided to an enrollee or
the service is provided to a patient or resident
What is the purpose of long-term debt? - =Answer>> To
satisfy capital needs.
What do advance refundings NOT do?
A. It enables providers to restructure their long-term liabilities
B. It takes advantage of reduced interest rates
C. It terminates restrictive bond covenants
D. It serves as a financing source for government operations -
=Answer>> It serves as a financing source for government
operations
What is an Internal Revenue Service Form 990? -
=Answer>> An annual information return required to be
filed with the IRS by most organizations exempt from income
tax under Internal Revenue Code section 501(a)
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HFMA
HFMA Certified Specialist Managed Care (CSMC)
HFMA CSMC Online Module Assessments and HFMA CSMC
Certification Exam
Course Title and Number: HFMA CSAF Certification Exams
Exam Title: Midterm, Finals, Certification and Assessment
Exam Date: Exam 2025- 2026
Instructor: ____ [Insert Instructor’s Name] _______
Student Name: ___ [Insert Student’s Name] _____
Student ID: ____ [Insert Student ID] _____________
Examination
Time: - ____ Hours: ___ Minutes
Instructions:
1. Read each question carefully and Answer All Questions
2. Use the provided answer sheet to mark your responses.
3. Please Ensure all you answer each question below and click Submit
when you have completed the Exam.
4. This test has a time limit, The test will save and submit automatically
when the time expires
5. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck……...!
📝
Are you Struggling with University Exams or Job Certification
Assessments?? 📌I Got You Covered 💯.!!!
✍I Specialize in Taking the Exam On your Behalf.
💻 Get Professional Exam Assistance with 100% Pass
Guaranteed.⏬ GET STARTED HERE CLICK LINK BELOW ⏬
https://yourassignmenthandlers.ck.page/92498b9b86
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Click Here To <<ORDER NOW >> Follow Link
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NOW.!!!
HFMA CSAF Certification Final Exam Review HFMA Certified
Specialist Accounting & Finance (CSAF) Exam Questions and
Answers | 100% Pass Guaranteed | Graded A+ |
2025- 2026
HFMA CSAF Online Module Assessments and HFMA CSAF
Certification Exam
HFMA Certified Specialist Accounting & Finance (CSAF)
Healthcare Financial Management Association HFMA.
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Which option is NOT an action in which the SSA provides for? -
=Answer>> Misrepresenting the diagnosis to justify
payment
What is prospective rate setting? - =Answer>> A method
used to set payment rates in advance of the delivery of
healthcare services
What occurs within retrospective rate setting? - =Answer>>
Third parties usually determine an interim payment rate and,
during the rate period, pay the healthcare organization for
services rendered using that rate
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, I can Help BYPASS PROCTORED EXAM 📑
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Which option is NOT used to determine realizable amounts?
A. Contractual agreement with others (such as Blue Cross
plans, Medicare, Medicaid, or HMOs)
B. Legislation or regulation such as workers' compensation or
no-fault insurance
C. Provider policy or practice (such as courtesy discounts to
medical staff members and employees or other administrative
adjustments) - =Answer>> Subsequent to discharge or
completion of service
For internal reporting purposes, revenue and receivables can
be stated either as ____________as long as they are consistently
applied. - =Answer>> Gross or Net
The basic financial statements of healthcare organizations
generally consist of the following elements - =Answer>>
Balance Sheet
Statement of Operations (the statement of operations for not-
for-profit organizations reports all changes in unrestricted net
assets for the period)(the statement of revenues and expenses
reports all changes in net position for the period)
Statement of Changes in Net Assets (or equity)(or net position)
Statement of Cash Flows (using either direct or indirect
method)
Notes of the Financial Statement
If the reporting entity controls a separate not-for profit entity
through a form other than a majority ownership or voting
interest, has an economic interest in that other entity, and does
not present consolidated financial statements, what should NOT
be disclosed in the financial statements? - =Answer>>
Control through a majority voting interest in the board of
another entity by means other than ownership or sole
corporate membership
When should the equity method should be used? -
=Answer>> When investment in voting stock gives an
investor the ability to exercise significant influence over
operating and financial policies of an investee
Regarding the reporting and disclosure requirements of
nongovernmental healthcare organizations, which of the
Need Writing 📝Help? We've Got You Covered! ✍️
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, I can Help BYPASS PROCTORED EXAM 📑
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following options do NOT require consolidation? -
=Answer>> The reporting entity owns 50 percent or less of
the common voting stock of an investee and can exercise
significant influence over operating and financial policies.
Should report their total income or loss from operations on a
statement that, at a minimum, also presents the total changes
in unrestricted net assets. - =Answer>> Not-for-profit
organizations
Should report the results of their operations in a statement of
operations. - =Answer>> D. Healthcare organizations
Should report their total income or loss from operations on a
statement of revenues and expenses. In many instances the
statement also includes the change in net position. -
=Answer>> Governmental organizations
Should be reported on the face of financial statements using
either a natural classification or a functional presentation. -
=Answer>> expenses
When is revenue typically recorded on a financial statement? -
=Answer>> When coverage is provided to an enrollee or
the service is provided to a patient or resident
What is the purpose of long-term debt? - =Answer>> To
satisfy capital needs.
What do advance refundings NOT do?
A. It enables providers to restructure their long-term liabilities
B. It takes advantage of reduced interest rates
C. It terminates restrictive bond covenants
D. It serves as a financing source for government operations -
=Answer>> It serves as a financing source for government
operations
What is an Internal Revenue Service Form 990? -
=Answer>> An annual information return required to be
filed with the IRS by most organizations exempt from income
tax under Internal Revenue Code section 501(a)
Need Writing 📝Help? We've Got You Covered! ✍️
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