Audit and Accounting Guide: Health Care Entities, 2018

Front Cover
John Wiley & Sons, Dec 27, 2018 - Business & Economics - 720 pages

Considered the industry's standard resource, this guide helps accountants and financial managers understand the complexities of the specialized accounting and regulatory requirements of the health care industry. Updated for 2018, this edition has been prepared and reviewed by industry experts and provides hands-on, practical guidance for those who work in and with health care entities. A critical resource for auditors, this edition includes new accounting standards and relevant GASB and FASB updates (including those related to private companies).

Updates include:

  • FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)
  • FASB ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities
  • FASB ASU No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities
  • SAS No. 133, Auditor Involvement With Exempt Offering Documents
  • GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting)
  • GASB No. 83, Certain Asset Retirement Obligations
 

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Contents

Chapter Paragraph
1
Misstatement 33 34
17
Cash Cash Equivalents and Investments 01
71
Derivatives 01 44
107
Lessee Involvement in Fixed Asset Construction
122
Other LongLived Assets
128
7
137
Exchange or Modification of Debt Instruments
144
118
493
Supplement AStatement of Position 001 Auditing Health Care
527
A Overview of Statements on Quality Control Standards
549
B References to Technical Questions and Answers
559
FASB ASC 606
567
Accounting for Financial Instruments
575
Appendix
585
FASB ASC 842
591

Contingencies and Other Liabilities
173
Joint and Several Liability Arrangements
188
Risks and Uncertainties
194
Income Taxes
202
Health Care Service Revenue and Related Receivables 01 61
225
Appendix Implementation Guidance for Accounting
257
Contributions Received and Made 01 66
325
Contributed Services 28 32
336
12
367
Accounting for Transfers Between Related Entities 75 88
398
Financial Accounting and Reporting for Managed Care Services
413
Acquisition Costs
419
11
428
116
452
FASB
601
Schedule of Changes Made to the Text From the Previous Edition
611
29 37
614
Glossary
619
Index of Pronouncements and Other Technical Guidance
649
113 119
651
33
653
08
660
121 123
671
35 37
675
120
682
27
683
Copyright

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About the author (2018)

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession’s technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

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