Accounting and Financial Reporting

HFMA P&P Board Summary of Not for Profit Reporting Model Changes

August 6, 2015 4:02 pm

HFMA’s Principles & Practices (P&P) Board developed this downloadable resource titled “Not for Profit (NFP) Reporting Model Changes Summary.”  This document details the P&P Board’s preliminary comments on the subject and includes insights about: the importance of consistency with the business-reporting model, relevant characteristics of the healthcare industry, prescribed operating measures/elimination of the performance indicator, liquidity information, cash flow statement changes, presentation of expenses by function, investment return, interest expense, equity transfers, capital gifts, and more.

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