Accounting

For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

AcSEC exposes a draft statement of position, Accounting for Derivative Instruments and Hedging Activities by Not-for-Profit Health Care Organizations, and Clarification of the Performance Indicator, that would amend the audit and accounting guide on health care organizations ( www.aicpa.org/members/div/acctstd/edo/index.htm ). The ED provides guidance on how nongovernmental not-for-profit health care organizations should report gains or losses on hedging and nonhedging derivative instruments under FASB Statement no. 133. The draft also clarifies issues relating to the performance indicator, or earnings measure, such organizations report. Comments are due August 13.