FASB and GASB Rules and Guidelines

Latest HHS provider relief fund FAQs offer insight into what’s permissible under the Sept. 19 reporting requirements

HFMA's Chad Mulvany says due to HHS's whipsaw approach to the provider relief fund FAQs and guidance, any clarity to be derived from the Phase 3 application instructions and FAQs needs to be considered with a measure of caution.

Chad Mulvany, FHFMA October 22, 2020

Accounting for CARES Act Program: Loans, Advance Payments and Other Types of COVID-19 Relief

This HFMA resource provides accounting and financial reporting guidance related to COVID-19 relief under the CARES Program

HFMA July 13, 2020

CARES Act accounting implications will vary by healthcare type

The accounting rules for providers receiving funding through the CARES Act will vary widely by provider type.

Rich Daly June 24, 2020

Asset impairment issues for hospitals to consider in the wake of COVID-19

For health systems, the decline in financial performance due to COVID-19 creates a triggering event for interim or annual impairment testing of certain assets on the balance sheet.

Tejash Lodhavia, ASA, CVA May 29, 2020

Analysis: Health systems likely to continue to issue bonds at a feverish pace

Health systems are likely to continue to issue bonds right now for two reasons, including taxable and tax-exempt interest rates that are too good to miss.

Chuck Alsdurf December 5, 2019

Not-for-profit healthcare organizations should understand the benefits and risks of FASB’s new alternative accounting approach

A FASB Financial Accounting Standards Update now allows not-for-profit healthcare entities to adopt an accounting alternative previously available only to non-public business entities, but the not-for-profits may find it more beneficial not to do so.

Christian Heuer, FHFMA, CFA, ASA November 18, 2019

Acquisition accounting basics to consider

The FASB’'s Accounting Standards Codification Topic 850, Business Combinations, states that such combinations generally involve five basic steps.

Christian Heuer, FHFMA, CFA, ASA November 18, 2019

An 8-step checklist to help CFOs assess accounting alternatives

Finance leaders of not-for-profit healthcare organizations should follow eight steps when considering whether to adopt the accounting alternatives made available to their organizations by the FASB's Accounting Standards Update 2019-16.

Christian Heuer, FHFMA, CFA, ASA November 18, 2019

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.

HFMA November 27, 2018

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.

Bill Hanlon November 27, 2018
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