Transaction Accounting Issues for Not-For-Profit Hospitals

Accounting for Not-For-Profit Hospital Transactions  Not-for-Profit (“NFP”) hospitals make up the majority of community hospitals in the United States.  With the increased level of transactions involving NFP hospitals, the impact of Accounting Standard Codification (“ASC”) 958- 805 has grown.  ASC 958-805 was codified in January 2010 to “improve the relevance, representational faithfulness, and comparability of the information that a not-for-profit entity provides in its financial reports about a combination with one or more other NFPs.” 958-805-10-1

Government Hospitals 21%

Not-for-Profit Hospitals 58%

For-Profit Hospitals 21%

Source: AHA Hospital Statistics, 2014 edition from the 2012 AHA Annual Survey

The Impact of the Affordable Care Act and Transaction Accounting Issues for Not-For-Profit Hospitals

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