Accounting for Health Care Providers | Not for Profit Accounting | CPA Exam FAR скачать в хорошем качестве

Accounting for Health Care Providers | Not for Profit Accounting | CPA Exam FAR

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀https://farhatlectures.com/ Connect with me on LinkedIn: ✔  / professorfarhat   💥Facebook: @accountinglectures Instagram Account: @farhatlectures Twitter: @farhatlectures Email: [email protected] #CPAEXAM #CPAREVIEW #governmentalaccounting re accounted for similar to businesses. Not-for-profit hospitals are also accounted for similar to businesses but, nevertheless, must adhere to the reporting standards that the FASB has established for not-for-profits in general. Hence, their statements must provide information on the three categories of restrictiveness. Health care organizations are distinguished from other types of organizations by several unique reve-nues and expenses. These include • Fee for service patient care revenues. These are usually established at the providers’ standard rates. However, allowances must be made for anticipated bad debts and third-party payer discounts, both of which are often substantial. • Capitation fee revenues. These are recognized over the period covered, rather than as services are provided. My website: https://farhatlectures.com/ Facebook page:   / accountinglectures   LinkedIn: https://goo.gl/Pp2ter Twitter:   / farhatlectures   Email Contact: [email protected]