Csaf - Study guides, Class notes & Summaries

Define the phenomenon big data - CORRECT ANSWER-understanding and using combinations of large data sets, both clinical and non-clinical, which are generated by healthcare industry organizations in the course of doing business Define and illustrate the applicability of and need to engage and use small data - CORRECT ANSWERRecognize the internal components of healthcare service delivery - CORRECT ANSWER--Medical Care Services -Types of Health Services -Providers and Locations -ACA provider...

Contribution Margin - Answer- Difference between marginal revenue and marginal cost. Break-even point - Answer- Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - Answer- Indirect Costs Activity-based costing (ABC) - Answer- Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - Answer- Predetermined (Syntheti...

CSAF practical Questions and answers latest update

Contribution Margin - ️️Difference between marginal revenue and marginal cost. Break-even point - ️️Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ️️Indirect Costs Activity-based costing (ABC) - ️️Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - ️️Predetermined (Synthetic), Negoti...

Contribution Margin - ANSWERSDifference between marginal revenue and marginal cost. Break-even point - ANSWERSLevel of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - ANSWERSIndirect Costs Activity-based costing (ABC) - ANSWERSMethod of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - ANSWERSPredetermined (Synthetic), N...

UNCSA SAFETY EXAM REVIEW QUESTIONS AND ANSWERS

HFMA's CSAF 2023, Certified Specialist Accounting and Finance -With 100% verified solutions-

HFMA's CSAF 2021, Certified Specialist Accounting and Finance Contribution Margin Difference between marginal revenue and marginal cost. Break-even point Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead Indirect Costs Activity-based costing (ABC) Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. Predetermi...

HFMA'S CSAF 2021, CERTIFIED SPECIALIST ACCOUNTING AND FINANCE WITH COMPLETE SOLUTIONS 100% 2023/2024

Why is Cost Accounting Important? - ANSWERSBecause reimbursement is predetermined, management must focus primarily on finding way to manage costs, so cost accounting is critical. Cost information is useful to a variety of key decision-makers in a healthcare organization. Incremental or Marginal Cost - ANSWERSThis is when costing decisions are being made with the understanding that there is a difference in cost at two different activity or volume levels. Contribution Margin - ANSWERSThis is...