The AICPA Health Care Expert Panel has developed technical guidance on the application in consolidated financial statements of a recent accounting standards update for health care entities.
Technical Practice Aid (TPA) 6400.47 provides nonauthoritative guidance on the application of FASB Accounting Standards Update (ASU) No. 2011-07, Health Care Entities (Topic 954): Presentation and Disclosure of Patient Service Revenue, Provision for Bad Debts, and the Allowance for Doubtful Accounts for Certain Health Care Entities.
The guidance applies to consolidated financial statement presentations when the organization also issues financial statements for individual subsidiaries. The TPA is available to AICPA members on the AICPA website.
—Ken Tysiac (
) is a JofA senior editor.