HFMA CSAF CERTIFIED SPECIALIST
ACCOUNTING AND FINANCE TERMINAL
CERTIFICATION EVALUATION COMPLETE
QUESTIONS WITH FULL SOLUTION
ALREADY PASSED
⩥ Provides health insurance mainly for the indigent.
Answer: A. Medicare
**B. Medicaid
⩥ Allow entities to spread the risks associated with a deal..
Answer: **Benefit
Risk
⩥ Which option is NOT used to determine realizable amounts?.
Answer: 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)
**D. Subsequent to discharge or completion of service
⩥ Tentative and contain fewer details.
Answer: A. Short-Term
**B. Long-Term
⩥ Which option is NOT a transaction and/or financial
arrangement type that may promote an excess benefit
transaction?.
Answer: A. A non - fair market value transaction in which an
insider receives payment that cannot be supported by
independent appraisal
B. A transaction in which an insider receives compensation from
the tax-exempt organization in an amount deemed in excess of
fair value or otherwise is unreasonable
C. A revenue-sharing transaction in which an insider receives
payment based on the tax-exempt organization's income and
violates the private inurement prohibition
**D. An intermediate tax sanction imposed on two specific
classes of disqualified persons
,⩥ Tax Refunds.
Answer: True
**False
⩥ Which option is NOT an operating characteristic category for
healthcare organizations?.
Answer: A. Investor-owned healthcare entities
B. Not-for-profit business-oriented entities
C. Governmental healthcare entities
**D. AICPA's healthcare entities
⩥ Tax indemnification and gross up payments.
Answer: **Yes
No
⩥ Soliciting, offering, or receiving a kickback.
Answer: **Yes
No
, ⩥ Misrepresenting the diagnosis to justify payment. This
commonly refers to upcoding or assigning a higher payment
than the procedure or diagnosis warrants..
Answer: **Yes
No
⩥ External Cash Management.
Answer: Yes
**No
⩥ Which one of the following in NOT a method used to quantify
the value of assets?.
Answer: A. Discounted cash flow method
B. Replacement cost method
C. Debt restructuring method
NOT - D. Market comparison method
⩥ Administered jointly by the federal and state governments.
Answer: A. Medicare
**B. Medicaid
ACCOUNTING AND FINANCE TERMINAL
CERTIFICATION EVALUATION COMPLETE
QUESTIONS WITH FULL SOLUTION
ALREADY PASSED
⩥ Provides health insurance mainly for the indigent.
Answer: A. Medicare
**B. Medicaid
⩥ Allow entities to spread the risks associated with a deal..
Answer: **Benefit
Risk
⩥ Which option is NOT used to determine realizable amounts?.
Answer: 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)
**D. Subsequent to discharge or completion of service
⩥ Tentative and contain fewer details.
Answer: A. Short-Term
**B. Long-Term
⩥ Which option is NOT a transaction and/or financial
arrangement type that may promote an excess benefit
transaction?.
Answer: A. A non - fair market value transaction in which an
insider receives payment that cannot be supported by
independent appraisal
B. A transaction in which an insider receives compensation from
the tax-exempt organization in an amount deemed in excess of
fair value or otherwise is unreasonable
C. A revenue-sharing transaction in which an insider receives
payment based on the tax-exempt organization's income and
violates the private inurement prohibition
**D. An intermediate tax sanction imposed on two specific
classes of disqualified persons
,⩥ Tax Refunds.
Answer: True
**False
⩥ Which option is NOT an operating characteristic category for
healthcare organizations?.
Answer: A. Investor-owned healthcare entities
B. Not-for-profit business-oriented entities
C. Governmental healthcare entities
**D. AICPA's healthcare entities
⩥ Tax indemnification and gross up payments.
Answer: **Yes
No
⩥ Soliciting, offering, or receiving a kickback.
Answer: **Yes
No
, ⩥ Misrepresenting the diagnosis to justify payment. This
commonly refers to upcoding or assigning a higher payment
than the procedure or diagnosis warrants..
Answer: **Yes
No
⩥ External Cash Management.
Answer: Yes
**No
⩥ Which one of the following in NOT a method used to quantify
the value of assets?.
Answer: A. Discounted cash flow method
B. Replacement cost method
C. Debt restructuring method
NOT - D. Market comparison method
⩥ Administered jointly by the federal and state governments.
Answer: A. Medicare
**B. Medicaid
