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?
Video: GASB and FASB Updates
Brian Conner, partner for Moss Adams LLP, takes an in-depth look at GASB, FASB, and other accounting updates in health care.
The New Revenue Recognition Standard: Where Organizations Stand
As implementation time draws near for the Financial Accounting Standards Board’s new standards regarding contracts with customers, healthcare organizations should take steps to ensure their processes align with these standards.
Healthcare M&A Activity? Beware of Accounting Basis Differences
Differences in FASB and GASB accounting and reporting rules can be critical considerations for healthcare organizations in evaluating financial fit when looking to merge or affiliate with an organization that is under a different basis of accounting.
Healthcare Revenue Recognition: 5 Steps for Net Revenue Modeling and Reporting Considerations
This article describes five steps FASB has outlined for entities to follow to prepare for implementation and achieve the objectives of the new standard ASU 2014-09 for recognizing revenue.
What happened to charity care in financial statements
Reporting charity care is an important means for healthcare organizations to communicate the benefits that they are providing to their communities.
Ask the Experts: EHR Software
Is it acceptable practice to retire fully depreciated EHR software or any percentage given that numerous upgrades have occurred?
HFMA’s P&P Board Comments on GASB’s Proposed Statement on Leases
HFMA has a long-standing recommendation to GASB to avoid differences between private-sector and public-sector standards that cannot be justified by fundamental differences between the two sectors.
HFMA Comments on GASB’s Proposed Blending Requirements for Component Units
HFMA’s P&P Board encouraged the GASB to allow the optional single or multiple-column approach in Statement 61 for blending component units applied to all component units of business-type activities.
HFMA Comments on the FASB’s Proposal on NFP Financial Statement Presentation
HFMA comments on the FASB’s proposed Accounting Standards Update Not-for-Profit Entities (Topic 958) & Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities.