1|Page
PCHA Exam Study Guide: Medication and
Care Procedures/ certified Q&A
Financial Ratios-correct-answer-Metrics for benchmarking and identifying
financial trends.
Accrual Accounting-correct-answer-Revenue recognized when earned, not when
received.
Budget Collaboration-correct-answer-Involving multiple departments in budget
creation.
Accounting Software-correct-answer-Tools like QuickBooks for managing financial
data.
Interest-Bearing Accounts-correct-answer-Accounts offering interest on resident
funds over $200.
,2|Page
Budgeting Process-correct-answer-A systematic approach to financial planning.
Collaboration-correct-answer-Working together among departments for
budgeting.
Census Mix-correct-answer-Demographic composition affecting service costs.
Cost per Unit of Service-correct-answer-Expense associated with delivering one
service unit.
Operational Budget Review-correct-answer-Assessment of ongoing expenses and
revenues.
Accountability in Budgeting-correct-answer-Responsibility for financial decisions
and outcomes.
Labor Costs-correct-answer-70% of budget typically allocated to employee
expenses.
,3|Page
Healthcare Facility Budgeting-correct-answer-Financial planning specific to
healthcare operations.
Seasonal Utility Costs-correct-answer-Variable expenses based on seasonal usage
patterns.
Depreciation-correct-answer-Reduction in asset value over time.
Insurance Premium Negotiation-correct-answer-Discussing rates for multi-year
agreements.
Staffing Ratios-correct-answer-Proportional relationship between staff and
patients.
FTE (Full-Time Equivalent)-correct-answer-Standardized measure of staffing levels.
Training and Orientation Costs-correct-answer-Expenses related to employee
onboarding.
, 4|Page
Advertising Expenses-correct-answer-Costs associated with promoting job
openings.
Operational Budget Creation-correct-answer-Developing a budget for day-to-day
operations.
Return on Investment (ROI)-correct-answer-Profitability measure for capital
expenditures.
Cash Flow-correct-answer-Movement of money in and out of business.
Occupancy Assumptions-correct-answer-Predictions regarding facility usage rates.
Payroll Taxes-correct-answer-Taxes based on employee wages.
PCHA Exam Study Guide: Medication and
Care Procedures/ certified Q&A
Financial Ratios-correct-answer-Metrics for benchmarking and identifying
financial trends.
Accrual Accounting-correct-answer-Revenue recognized when earned, not when
received.
Budget Collaboration-correct-answer-Involving multiple departments in budget
creation.
Accounting Software-correct-answer-Tools like QuickBooks for managing financial
data.
Interest-Bearing Accounts-correct-answer-Accounts offering interest on resident
funds over $200.
,2|Page
Budgeting Process-correct-answer-A systematic approach to financial planning.
Collaboration-correct-answer-Working together among departments for
budgeting.
Census Mix-correct-answer-Demographic composition affecting service costs.
Cost per Unit of Service-correct-answer-Expense associated with delivering one
service unit.
Operational Budget Review-correct-answer-Assessment of ongoing expenses and
revenues.
Accountability in Budgeting-correct-answer-Responsibility for financial decisions
and outcomes.
Labor Costs-correct-answer-70% of budget typically allocated to employee
expenses.
,3|Page
Healthcare Facility Budgeting-correct-answer-Financial planning specific to
healthcare operations.
Seasonal Utility Costs-correct-answer-Variable expenses based on seasonal usage
patterns.
Depreciation-correct-answer-Reduction in asset value over time.
Insurance Premium Negotiation-correct-answer-Discussing rates for multi-year
agreements.
Staffing Ratios-correct-answer-Proportional relationship between staff and
patients.
FTE (Full-Time Equivalent)-correct-answer-Standardized measure of staffing levels.
Training and Orientation Costs-correct-answer-Expenses related to employee
onboarding.
, 4|Page
Advertising Expenses-correct-answer-Costs associated with promoting job
openings.
Operational Budget Creation-correct-answer-Developing a budget for day-to-day
operations.
Return on Investment (ROI)-correct-answer-Profitability measure for capital
expenditures.
Cash Flow-correct-answer-Movement of money in and out of business.
Occupancy Assumptions-correct-answer-Predictions regarding facility usage rates.
Payroll Taxes-correct-answer-Taxes based on employee wages.
