Similar to other not-for-profit entities, health care entities are required under FASB standards to report program and support functional expenses.
Question 82 options:
True | |
False |
The statement is TRUE.
According to FASB standards, all non for profit entities are required to present the relationship between Natural expenses and functional expenses.
Earlier health care entities are not under this perview but now Including Health care entities are required to report program and support functional expenses.
Functional expenses are the expenses related to expenses incurred on program services and supporting activities.
Similar to other not-for-profit entities, health care entities are required under FASB standards to report program...
Under GAAP, both governmental and nongovernmental not-for-profit health care entities are required to identify operating and nonoperating activity on their operating statements. Question 77 options: True False
FASB ASC 11‐4 The Fair Value Option and Health Care Businesses The FASB ASC indicates that not‐for‐profit, business‐oriented health care entities shall report unrealized gains and losses on items for which the fair value option has been elected within the performance indicator or as a part of discontinued operations, as appropriate. Find, cite, and copy the FASB ASC’s definition of performance indicator as it relates to not‐for‐profit businesses.
i need the answer for this DI Question 21 1 pts Under the Affordable Care Act, better known as ObamaCare, states are O working with the federal government to jointly implement the health care exchanges O implementing their own health care exchanges O refusing to implement their own health care exchanges, resulting in the federal government implementing the program O all of the above are true DI Question 21 1 pts Under the Affordable Care Act, better known as ObamaCare,...
A federal report stated that 40% of children under age 18 were covered by health insurance in 2000. How large a sample is needed to estimate the true proportion of1ns covered children with 95% confidence with a confidence interval 0.04 wide? Do not use excel or other program clear handwriting
1) Under the Affordable Care Act, all employers must offer health insurance. True or false? 2) As a result of the ACA, everyone’s personal income taxes increased from 2010 through 2016. True or false? 3) Entitlement programs offer less discretion to states in policy implementation than block grant programs. True or false? 4) Use of a “gatekeeper,” usually a Primary Care Physician, is used by managed care organizations as a common: a) cost containment strategy b) service utilization control strategy...
use the online Professional View of the FASB Accounting Standards Codification (ASC) to answer several questions in a written report. In the entire report, be sure to use “quotation marks” whenever you are not using your own words For the first set of questions (under the heading “Where in the Codification…”) your answer should include one or more search keywords if you used keywords rather than browsing and drilling down by topic and one or more references to the codification...
use the online Professional View of the FASB Accounting Standards Codification (ASC) to answer several questions in a written report. In the entire report, be sure to use “quotation marks” whenever you are not using your own words For the first set of questions (under the heading “Where in the Codification…”) your answer should include one or more search keywords if you used keywords rather than browsing and drilling down by topic and one or more references to the codification...
1.An auditor's report includes the following paragraph. All other parts of the report remain unchanged: "We draw attention to Footnote XX to the attached financial statements, which describes the adoption of recent standards issued by the Financial Accounting Standards Board and pertaining to the recognition of intangible accounts." This paragraph is most likely included in which type of opinion? a. Adverse opinion b. Unqualified opinion c. Disclaimer of opinion d. Qualified GAAP opinion 2. All CPA firms registered with the...
1.The use of computerized clinical applications in health care can include: a. Automated Dispensing Systems b. Patient tracking Systems c. Bed Tracking Systems d. Drug Interaction Programs e. Medical Device Tracking Systems f. All of the above 2. To encourage the implementation of EHRs among physician who participate in the Medicare program, CMS announced in 2005 that it would offer physicians free of charge an EHR software program. a. True b. False 3. The following are all types of information...
Assignment 1: FASB Codification Due Week 3 and worth 80 points The Financial Accounting Standards Board (FASB), is a domestic, not-for-profit organization based in Connecticut. For over forty years, the FASB has helped set reporting standards within the accounting trade. You may visit their website by clicking here to read more about the history of the FASB. One of the FASB’s major contributions to the accounting profession is the FASB Codification. Codification content is organized by subject matter in...