Sample_Exam_Qs_web_0708 - HFMA Certification Program Sample...

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HFMA Certification Program Sample Exam Questions Core Exam Sample Questions Accounting and Finance Exam Sample Questions Physician Practices Management Exam Sample Questions Managed Care Exam Sample Questions Patient Financial Services Exam Sample Questions Core Exam Sample Questions This 20-question test is designed to provide a sample of the type of questions on the 166 question, four- hour Core certification examination. To best replicate the testing experience, allow about 30 minutes to complete these questions. None of these questions will appear on the actual certification exam. Healthcare Industry Overview 1. In America, approximately what percentage of Americans is covered by some form of health insurance? A. 55 % B. 70 % C. 85 % D. 100 % Cost Analysis and Management 2. Four kinds of cost behaviors in cost accounting are: A. Incremental, fixed, variable, and semi-variable. B. Discretionary, fixed, variable, and semi-variable. C. Direct, indirect, fixed, and variable. D. Fixed, variable, semi-variable, and semi-fixed. Auditing and Internal Control 3. Internal control comprises the plan of organization and all the coordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies. The phrase "encourage adherence to prescribed managerial policies" means: A. The timely and accurate preparation of financial statements is a major goal of internal controls. B. There is a criterion for the realistic evaluation of the specific internal control: it must promote operational efficiency. C. Internal controls are general techniques to accomplish the broad stated objectives. D. Internal controls should move the organization forward in accordance with management's general or specific authorization. //home/vdimitrov/18660/1145c3ff864b736db52c3acf7b33e9dad4a5e23f.doc 1
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HFMA Certification Program Sample Exam Questions - Core Accounting Concepts and Principles 4. Amounts realizable from third-party payers for healthcare services are usually less than the provider's full established rates for those services. Which of the following is NOT used in determining the net realizable amount? A. Contractual agreements. B. Legislation or regulations. C. Provider policy or practice. D. Full cash advance refundings. 5. The purposes of the AICPA Audit and Accounting Guide for Health Care Organization can best described as: A. Required standards that all organizations must follow. B. Generally Accepted Accounting Principles (GAAP). C. An interpretation of GAAP as applied to healthcare organizations. D. The healthcare accounting standards further interpreted GAAP.
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Sample_Exam_Qs_web_0708 - HFMA Certification Program Sample...

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