Accounting


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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.

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Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.