tailieunhanh - Accountants’ Handbook Special Industries and Special Topics 10th Edition_11

Tham khảo tài liệu 'accountants’ handbook special industries and special topics 10th edition_11', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 34-48 Format a Consolidated presentation Note c. Contingencies In addition to the general liability and malpractice insurance carried by the individual physicians CoodDocs is insured with respect to general liability and medical malpractice risks on a claims-made basis. Management is not aware of any claims against the company. In addition CoodDocs has not accrued a loss for unreported incidents or for losses in excess of insurance coverage as the amount if any cannot be reasonably estimated and the probability of an adverse outcome cannot be determined at this time. It is the opinion of management that the ultimate resolution of any unasserted claims will not have a material adverse effect on CoodDocs financial position or results of operations. Format B UNCONSOLIDATED STANDALONE PRESENTATION Note c. Contingencies No disclosures related to medical malpractice would be included in the financial statements. The discussion of the business contained in the Form 10-K filed by GoodDocs would probably contain a statement similar to the following The provision of medical services by the physician group with which GoodDocs contracts entails an inherent risk of professional liability claims. GoodDocs does not control the practice of medicine by physicians or the compliance with certain regulatory and other requirements directly applicable to physicians and physician groups. Exhibit Continued. SPECIAL ACCOUNTING PROBLEMS OF SPECIFIC TYPES OF PROVIDERS 34 49 recently consummated a significant management agreement generally are not required in an IPO filing if the PPM does not consolidate the practice and does not guarantee any minimum practice income extend unusual credit terms or fund operating losses. However if the PPM is expected to have a material dependence on the PC separate financial information about the practice would be material to investors. For example if the management fee from the practice is expected to generate more than 20 of the PPM s revenues in