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March 22, 2011 1:21:39 pm

Nonprofit Healthcare Organizations Need to Evaluate Goodwill Impairment

Nonprofits, especially those in the healthcare industry, need to be prepared for significant shifts in the testing of goodwill impairment. Big changes are being presented by Accounting Standards Codification (ASC) 350 (Intangibles—Goodwill and... » continue reading

Tags: Accounting Standards, Healthcare

comments | 1

March 22, 2011 12:10:01 pm

Nonprofit Healthcare Organizations Need to Evaluate Goodwill Impairment

Nonprofits, especially those in the healthcare industry, need to be prepared for significant shifts in the testing of goodwill impairment. Big changes are being presented by Accounting Standards Codification (ASC) 350 (Intangibles—Goodwill a

... » continue reading

Tags: Healthcare, Accounting Standards

comments | 0

March 09, 2011 12:11:01 pm

Form 990 Filing Deadline for Tax-Exempt Hospitals Delayed

The IRS needs more time to update forms and systems affecting tax-exempt hospitals and as a result an automatic three-month extension has been granted for those who file Form 990, Return of Organization Exempt From Income Tax.

The e

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Tags: Healthcare, Audit, Accounting Standards

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March 06, 2011 12:11:48 pm

Cignet Receives First-Ever HIPAA Civil Penalty

A $4.3 million civil money penalty has been levied against Cignet Health of Prince George County, Md., for Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule violations.

This first-ever civil money penalty came

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Tags: Technology

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March 03, 2011 12:12:39 pm

FASB Reconsiders Leasing Structures

It looks as if the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are reconsidering their respective positions on the categories of operating leases and capital leases.

The two bo

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Tags: Audit, Accounting Standards

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March 02, 2011 12:13:33 pm

Proposed Accounting Standards Update Would Change Healthcare Bad Debt Presentation

On February 14th, a comment letter was drafted by the Healthcare Financial Management Association’s (HFMA) Principles and Practices (P&P) Board. The letter was in regards to the exposure draft of the proposed Accounting Standards Update

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Tags: Accounting Standards, Healthcare

comments | 0