An Up Close Look at the Health Care Guide including Emerging GAAP Issues

This course will cover several emerging issues under discussion by the Expert Panel. These include implementation issues surrounding ASU 2011-07 (display of patient service revenue) and ASU 2010-24 (display of malpractice and similar liabilities), as well as practice issues related to accounting for costs of ICD-10 conversions and accounting for meaningful use incentive payments.

Benefits: Participants will also hear about how practitioners are dealing with emerging practice issues as well as potential guidance under consideration by the Expert Panel.

• ASU No. 2011-07: Health Care Entities (Topic 954), Presentation and Disclosure of Patient Service Revenue, Provision for Bad Debts, and the Allowance for Doubtful Accounts for Certain Health Care Entities
• ASU No. 2010-24: Presentation of Insurance Claims and Related Insurance Recoveries
• ASU No. 2010-23: Measuring Charity Care for Disclosure
• GASB Statement No. 64, Derivative Instruments: Application of Hedge Accounting Termination Provisions - an amendment of GASB Statement No. 53
• GASB Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position
• GASB Statement No.62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements

Prerequisites: Knowledge of Healthcare Field
Advance Preparation: None