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100+ Free CHAE Practice Questions

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Key Facts: CHAE Exam

4 sections

Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General

HFTP - CHAE certification page

200 questions

Total multiple-choice questions across the four CHAE sections

HFTP - CHAE Application Checklist and Exam Format

70%

Minimum score required to pass each CHAE section

HFTP - CHAE certification page

$475 / $675

Initial online exam fee for HFTP members / non-members

HFTP - CHAE & CHTP application and maintenance policies

$200 / $250

Flat retake fee for HFTP members / non-members

HFTP - CHAE & CHTP application and maintenance policies

Proctorio

CHAE is an asynchronous online exam proctored with Proctorio

HFTP - CHAE certification page

USALI

CHAE content is built on the Uniform System of Accounts for the Lodging Industry

HFTP - USALI

100

Free original practice questions here

OpenExamPrep

The Certified Hospitality Accountant Executive (CHAE) is HFTP's hospitality-specific accounting certification for controllers, directors of finance and similar senior roles. The exam has 200 multiple-choice questions split across four sections - Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General - and you must score at least 70% in each section to pass. It is delivered asynchronously online and proctored with Proctorio. The initial exam fee is $475 for HFTP members and $675 for non-members, with retakes at $200/$250. This 100-question bank provides original practice across all four sections, with calculation items on USALI financial statements, ratios, breakeven, flow-through, GOPPAR and budget variances.

Sample CHAE Practice Questions

Try these sample questions to test your CHAE exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the Uniform System of Accounts for the Lodging Industry (USALI), Rooms, Food and Beverage, and other operated departments report their results on which type of statement?
A.Departmental operating statements (schedules)
B.The consolidated balance sheet
C.The statement of cash flows only
D.A single combined tax return
Explanation: USALI organizes each revenue-producing department into its own departmental operating statement (schedule) showing that department's revenue, cost of sales, payroll and other direct expenses to arrive at departmental income. These schedules then roll up into the summary operating statement.
2A hotel reports rooms revenue of $4,000,000 for a period in which 40,000 rooms were sold. What is the average daily rate (ADR)?
A.$80
B.$100
C.$120
D.$160
Explanation: ADR equals rooms revenue divided by rooms sold: $4,000,000 / 40,000 = $100. ADR measures the average price actually achieved per occupied room.
3A 200-room hotel had 75% occupancy and an ADR of $120 on a given night. What was its RevPAR (revenue per available room) for that night?
A.$75
B.$90
C.$120
D.$160
Explanation: RevPAR equals ADR multiplied by occupancy: $120 x 0.75 = $90. Equivalently, rooms revenue of $120 x 150 sold rooms = $18,000, divided by 200 available rooms = $90.
4In the USALI summary operating statement, which subtotal represents profit after departmental income and undistributed operating expenses but before fixed charges such as rent, insurance, interest and depreciation?
A.Total revenue
B.Gross operating profit (GOP)
C.Net income
D.Earnings before tax
Explanation: Gross operating profit (GOP) is total operated-department income less total undistributed operating expenses. It measures profit from operations the manager controls, before non-operating fixed charges (management fees, rent, property taxes, insurance, interest and depreciation).
5A hotel's total revenue is $10,000,000 and its gross operating profit (GOP) is $3,200,000. What is the GOP margin?
A.3.2%
B.32%
C.68%
D.320%
Explanation: GOP margin equals GOP divided by total revenue: $3,200,000 / $10,000,000 = 0.32, or 32%. This margin measures operating efficiency before fixed charges.
6GOPPAR is calculated as which of the following?
A.Gross operating profit divided by available rooms
B.Gross operating profit divided by occupied rooms
C.Total revenue divided by available rooms
D.Net income divided by total rooms revenue
Explanation: GOPPAR (gross operating profit per available room) equals gross operating profit divided by the number of available rooms for the period. Because it captures cost control as well as revenue, it is often considered a better measure of overall performance than RevPAR.
7A 300-room hotel earned gross operating profit of $2,700,000 over a 30-day month. What was its GOPPAR for the month (per available room)?
A.$90
B.$300
C.$2,700
D.$9,000
Explanation: Available room nights for the month equal 300 rooms x 30 days = 9,000. GOPPAR = $2,700,000 / 9,000 = $300 per available room. GOPPAR is typically expressed per available room night.
8Flow-through (also called the conversion rate) measures what relationship?
A.The percentage of incremental revenue that converts to incremental GOP
B.The percentage of guests who return within a year
C.The ratio of food cost to food revenue
D.The share of rooms sold through online channels
Explanation: Flow-through (conversion) is the change in gross operating profit divided by the change in total revenue, expressed as a percentage. It shows how much of each additional revenue dollar drops to GOP after variable costs, rewarding cost control as revenue grows.
9A hotel's total revenue rose by $500,000 versus prior year and its gross operating profit rose by $300,000 over the same period. What was the flow-through?
A.40%
B.50%
C.60%
D.167%
Explanation: Flow-through equals the change in GOP divided by the change in revenue: $300,000 / $500,000 = 0.60, or 60%. This means 60 cents of each additional revenue dollar reached GOP.
10Which of the following is a fundamental relationship expressed by the accounting equation?
A.Assets = Liabilities + Owners' Equity
B.Revenue = Expenses + Net Income
C.Assets = Revenue - Expenses
D.Liabilities = Assets + Equity
Explanation: The accounting equation states that Assets = Liabilities + Owners' Equity. Every transaction keeps this equation in balance, which is the foundation of double-entry bookkeeping and the balance sheet.

About the CHAE Exam

The Certified Hospitality Accountant Executive (CHAE) is HFTP's designation for hospitality finance professionals and is the only accounting certification specific to the hospitality industry. The exam contains 200 multiple-choice questions divided into four sections - Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General - and each section must be passed with a minimum score of 70%. The exam is delivered asynchronously online through the HFTP Academy and proctored with Proctorio, so it can be taken at any time and place. Content is built around the Uniform System of Accounts for the Lodging Industry (USALI) and hospitality financial management, including budgeting, ratio analysis and hospitality KPIs such as RevPAR, GOPPAR and flow-through. Candidates qualify through a 100-point system combining education, hospitality accounting experience and HFTP membership, plus two letters of recommendation.

Assessment

200 multiple-choice questions across four separately scored sections: Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General. Each section must be passed individually.

Time Limit

Asynchronous online proctored exam (Proctorio); HFTP policy references a proctored exam window of about four hours.

Passing Score

A minimum score of 70% is required to pass each of the four sections.

Exam Fee

Initial application exam fee is $475 for HFTP members and $675 for non-members (online); retakes are $200 for members and $250 for non-members. (Hospitality Financial and Technology Professionals (HFTP), Austin, Texas USA)

CHAE Exam Content Outline

30%

Financial Accounting

Financial accounting under the Uniform System of Accounts for the Lodging Industry (USALI): the balance sheet, income statement and statement of cash flows; departmental vs summary operating statements; GAAP for hospitality; and accounting for assets, liabilities, equity, accruals and deferrals.

30%

Managerial Accounting

Financial management and managerial accounting: budgeting and forecasting, cost-volume-profit and breakeven, working capital and cash management, capital budgeting, ratio analysis, hospitality KPIs (RevPAR, ADR, GOPPAR, flow-through), and pricing.

20%

Ethics, Fraud and Internal Controls

Internal control systems and the control environment, segregation of duties, fraud prevention and detection, the night audit, revenue and cash controls, payroll controls, accounting for fixed assets and FF&E reserves, and professional ethics.

20%

General

General hospitality finance topics: hospitality taxation basics (occupancy/sales tax, tips and payroll taxes), technology and PMS-to-accounting integration, regulatory compliance, and the broader operating environment of hotels, clubs and restaurants.

How to Pass the CHAE Exam

What You Need to Know

  • Passing score: A minimum score of 70% is required to pass each of the four sections.
  • Assessment: 200 multiple-choice questions across four separately scored sections: Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General. Each section must be passed individually.
  • Time limit: Asynchronous online proctored exam (Proctorio); HFTP policy references a proctored exam window of about four hours.
  • Exam fee: Initial application exam fee is $475 for HFTP members and $675 for non-members (online); retakes are $200 for members and $250 for non-members.

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

CHAE Study Tips from Top Performers

1Master USALI structure first: know which revenues and expenses are departmental versus undistributed, and how the summary operating statement rolls up to gross operating profit (GOP).
2Memorize the core hospitality KPI formulas - RevPAR (rooms revenue / available rooms, or ADR x occupancy), GOPPAR, ADR, occupancy and flow-through - and practice calculating each from a sample operating statement.
3For Managerial Accounting, drill breakeven and cost-volume-profit problems and contribution margin, since these recur and reward quick, accurate arithmetic.
4For Ethics, Fraud and Internal Controls, focus on segregation of duties, the night audit, and cash and revenue controls - these are heavily tested control concepts.
5Use HFTP's section review materials and repeatable practice exams, and review the coaching report by content area to target your weakest subsections before retaking.
6Practice reading financial statements quickly: many questions give you a balance sheet or income statement and ask you to compute a single ratio or variance, so locate the right line items first.

Frequently Asked Questions

How many sections does the CHAE exam have and how are they scored?

The CHAE exam has four sections - Financial Accounting, Managerial Accounting, Ethics/Fraud and Internal Controls, and General - made up of 200 multiple-choice questions in total. Each section is scored separately and you must pass each one.

What is the passing score for the CHAE exam?

You must score a minimum of 70% on each of the four sections to earn the CHAE designation. A coaching report shows your percentage by content area, including subsections, so you know which areas to improve.

How much does the CHAE exam cost?

The initial application exam fee is $475 for HFTP members and $675 for non-members when taken online. Retakes are a flat $200 for members and $250 for non-members, regardless of how many sections remain.

How is the CHAE exam delivered?

The CHAE is delivered asynchronously online through the HFTP Academy and proctored with Proctorio, so candidates can take it at any time and place rather than scheduling an in-person proctor. Online results are sent by email.

What accounting framework does the CHAE focus on?

The CHAE is built around the Uniform System of Accounts for the Lodging Industry (USALI), which HFTP publishes. Candidates should know USALI departmental and summary operating statements, the financial statements, and hospitality KPIs such as RevPAR and GOPPAR.

Are these official HFTP CHAE questions?

No. These are original OpenExamPrep practice questions modeled on the published CHAE section topics. HFTP offers its own online CHAE review course and an official practice exam separately.