CERTIFIED SPECIALIST BUSINESS
INTELLIGENCE HFMA 4 CERTIFICATION SCRIPT
2026 TESTED QUESTIONS AND FULL
SOLUTION
◉ Other state and local indigent care programs data Answer: **Yes
No
◉ Reporting accurate data concerning the time, location, frequency,
duration, or provider of services. Answer: Yes
**No
◉ Which of the following statements is NOT accurate? Answer: A.
Healthcare organizations may receive and hold assets owned by
others under agency relationships.
**B. Agency funds are not included in unrestricted net assets.
C. If the provider has concentrations of credit risk related to
financial instruments, additional disclosure may be required.
D. Investments in obligations that are not guaranteed by the
government make for potential exposure to credit risk.
◉ What is an Internal Revenue Service Form 990? Answer: **A. 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)
B. An Act which added arbitrage restrictions whenever tax-exempt
bond proceeds are invested and produce a yield higher than the
interest rate on the bonds.
C. Income from any regularly carried-on trade or business, the
conduct of which is not substantially related to the exercise or
performance of the organization's tax-exempt purpose or function.
D. A regulation requiring that no part of the net earnings of the
charitable organization shall inure to the benefit of any private
shareholder or individual.
◉ Estimated time period that the investment will provide positive
returns. Answer: A. Cash Outflow
B. Cash Inflow
**C. Economic Life
D. Opportunity Cost of Funds
◉ Total initial charity charges Answer: **Yes
No
◉ Medicaid and disproportionate share hospital (DSH) data Answer:
**Yes
No
, ◉ For internal reporting purposes, revenue and receivables can be
stated either as ____________as long as they are consistently applied.
Answer: **A. Gross or Net
B. Gross
C. Net
D. Inpatient or Outpatient
◉ Balance Sheet Answer: **Yes
No
◉ This phase of the reimbursement process is determining the net
settlement due to or from the provider. Answer: A. Phase I
B. Phase II
C. Phase III
**D. Phase IV
◉ To design disclosure controls and procedures to ensure that
specified information is made known to them. Answer: **Yes
No
◉ Capital gains. Answer: True
**False
INTELLIGENCE HFMA 4 CERTIFICATION SCRIPT
2026 TESTED QUESTIONS AND FULL
SOLUTION
◉ Other state and local indigent care programs data Answer: **Yes
No
◉ Reporting accurate data concerning the time, location, frequency,
duration, or provider of services. Answer: Yes
**No
◉ Which of the following statements is NOT accurate? Answer: A.
Healthcare organizations may receive and hold assets owned by
others under agency relationships.
**B. Agency funds are not included in unrestricted net assets.
C. If the provider has concentrations of credit risk related to
financial instruments, additional disclosure may be required.
D. Investments in obligations that are not guaranteed by the
government make for potential exposure to credit risk.
◉ What is an Internal Revenue Service Form 990? Answer: **A. 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)
B. An Act which added arbitrage restrictions whenever tax-exempt
bond proceeds are invested and produce a yield higher than the
interest rate on the bonds.
C. Income from any regularly carried-on trade or business, the
conduct of which is not substantially related to the exercise or
performance of the organization's tax-exempt purpose or function.
D. A regulation requiring that no part of the net earnings of the
charitable organization shall inure to the benefit of any private
shareholder or individual.
◉ Estimated time period that the investment will provide positive
returns. Answer: A. Cash Outflow
B. Cash Inflow
**C. Economic Life
D. Opportunity Cost of Funds
◉ Total initial charity charges Answer: **Yes
No
◉ Medicaid and disproportionate share hospital (DSH) data Answer:
**Yes
No
, ◉ For internal reporting purposes, revenue and receivables can be
stated either as ____________as long as they are consistently applied.
Answer: **A. Gross or Net
B. Gross
C. Net
D. Inpatient or Outpatient
◉ Balance Sheet Answer: **Yes
No
◉ This phase of the reimbursement process is determining the net
settlement due to or from the provider. Answer: A. Phase I
B. Phase II
C. Phase III
**D. Phase IV
◉ To design disclosure controls and procedures to ensure that
specified information is made known to them. Answer: **Yes
No
◉ Capital gains. Answer: True
**False
