Legislative and Regulatory Update | FASB and GASB Rules and Guidelines

Principles and Practices Board

Legislative and Regulatory Update | FASB and GASB Rules and Guidelines

Principles and Practices Board

Liaison with standards-setting bodies

The P&P Board works with the AICPA, the Financial Accounting Standards Board, and the Governmental Accounting Standards Board to address the unique financial reporting needs of healthcare organizations and improve consistency in accounting and financial reporting among different ownership types.

Position statements & issue analyses

Prior to issuance, a proposed position statement follows an extensive "due process." An exposure draft is released for public comment for at least 60 days. These comments are analyzed and reviewed by the P&P Board. The P&P Board also releases issue analyses, which provide short-term assistance by assembling current literature on emerging issues. An issue analysis is not sent out for public comment.

Access P&P Board position statements and issue analyses.  

To contact the P&P Board, or for further information, please call HFMA's Washington D.C., office at (202) 296-2920.


Standing, left to right: Norman C. Mosrie, Kimberly K. McKay, Brian D. Green, Kevin Hollaran

Seated, left to right:  Anthony P. Frank, Brian P. Conner, Julie N. Norton

Not pictured: Paul A. Bolin, Colleen M. Blye, Mark J. Ross, Timothy R. Weld Jr., Kurt J. Wrobel

Brian P. Conner, CPA, Chair
Moss Adams LLP
Stockton, Calif.

Colleen M. Blye, CPA
Executive Vice President, CFO
Montefiore Health System
Bronx, N.Y.

Paul A. Bolin, FHFMA, CPA
Williamson Medical Center
Franklin, Tenn.

Anthony P. Frank, CPA
VP, Financial Operations
Banner Health
Phoenix, Ariz.

Brian D. Green, FHFMA, CPA
Seim Johnson LLP
Elkhorn, Neb.

Kevin Hollaran
Senior Director
Fitch Ratings
Austin, Texas

Kimberly K. McKay, CPA
Managing Partner
Houston, Texas

Norman C. Mosrie, FHFMA, CPA
Charleston, W.Va.

Julie N. Norton, CPA
Vice President, Operational Finance
Sioux Falls, S.D.

Kurt J. Wrobel, FSA, MAAA
CFO & Chief Actuary
Geisinger Health System
Danville, Pa.

Mark J. Ross, CPA
Partner and Firm Leader - Healthcare Practice
Baker Tilly Virchow Krause LLP
Wilkes Barre, Pa.

Timothy R. Weld Jr., CPA
PricewaterhouseCoopers LLP
New York, N.Y.

Kurt Wrobel, FSA, MAAA
CFO & Chief Actuary
Geisinger Health Plan

Related Articles | FASB and GASB Rules and Guidelines

How To | FASB and GASB Rules and Guidelines

Defining Finance and Operating Leases Under the New Lease Accounting Standard

The FASB’s Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842) describes how to determine whether a lease should be classified as an operating or a finance lease.

Trend | FASB and GASB Rules and Guidelines

Bottom-Line Implications of New Lease Accounting Standards: What Healthcare Leaders Should Know

Healthcare organizations should be prepared for a lease accounting standard, effective in 2019, that changes the way they are required to report leases on their balance sheets.

Q&A | Capital Finance

Ask the Experts: Reagent Agreements

How do you record reagent agreements for which the vendor locks in the price on various reagents if the hospital commits to a minimum purchase quantity each year?

Course | Intermediate | Accounting and Financial Reporting

Promote Yourself: Accounting & Finance

This program provides an overview of healthcare accounting and finance to strengthen competencies in understanding payment models and revenue management. It consists of 14 courses, each with its own assessment:

  • An Overview of Budgeting and Forecasting
  • Budgeting and Forecasting
  • Understanding IRS Form 990
  • Medicare and Medicaid Reimbursement Systems
  • Cost Analysis and Management
  • Financial Reporting: Revenue and Assets
  • Financial Planning and Budgeting
  • Accounting Oversight and Internal Control
  • Capital Planning and Financing
  • Financial Reporting: Relationships and Procedures
  • Financial Reporting: Liabilities and Long-Term Debt
  • Investments and Cash Management
  • Reimbursement and Managed Care
  • Malpractice Insurance and Risk Management