tailieunhanh - Lecture Accounting for Governmental & Nonprofit Entities (16/e): Chapter 16 - Jacqueline L. Reck, Suzanne L. Lowensohn

Chapter 16 - Accounting for health care organizations. After studying Chapter 16, you should be able to: Identify different organizational forms and the related authoritative accounting literature for health care organizations, describe financial reporting for health care organizations, explain unique accounting and measurement issues in health care organizations. | Accounting for Governmental & Nonprofit Entities JACQUELINE L. RECK SUZANNE L. LOWENSOHN 17/e Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 Accounting for Health Care Organizations C H A P T E R 16 2 Learning Objectives 16-1 Identify the different organizational forms and the related authoritative accounting literature for health care organizations. 16-2 Explain unique accounting and reporting issues in health care organizations. 16-3 Journalize transactions and prepare the basic financial statements for not-for-profit and governmental health care organizations. 3 1 Learning Objectives 16-4 Describe other accounting issues in the health care industry, including legislation, auditing, taxation and regulation, prepaid health care services, and continuing care retirement communities. 16-5 Explain financial and operational analysis of health care organizations. 4 1 Classification . | Accounting for Governmental & Nonprofit Entities JACQUELINE L. RECK SUZANNE L. LOWENSOHN 17/e Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1 Accounting for Health Care Organizations C H A P T E R 16 2 Learning Objectives 16-1 Identify the different organizational forms and the related authoritative accounting literature for health care organizations. 16-2 Explain unique accounting and reporting issues in health care organizations. 16-3 Journalize transactions and prepare the basic financial statements for not-for-profit and governmental health care organizations. 3 1 Learning Objectives 16-4 Describe other accounting issues in the health care industry, including legislation, auditing, taxation and regulation, prepaid health care services, and continuing care retirement communities. 16-5 Explain financial and operational analysis of health care organizations. 4 1 Classification of Health Care Organizations For-profit (defined owners) Not-for-profit (absence of defined ownership interests) Investor owned Business-oriented Sponsors include: communities, religious organizations, NFP universities Governmental Sponsors include: federal, state, county, and city governments, public universities Constructed from FASB ASC 954-10 Classification of Health Care Organizations Clinics, medical group practices, individual practice associations, individual practitioners, and other ambulatory care organizations Nursing homes that provide skilled, intermediate, and a less-intensive level of health care Continuing care retirement communities (CCRCs) Drug and alcohol rehabilitation centers and other rehabilitation facilities Health maintenance organizations (HMOs) and similar prepaid health care plans Hospitals Home health agencies Integrated systems that include one or more of the above entity types GAAP for Health Care Providers FASB is the sole authoritative source of GAAP for