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Related Experiment Videos

Capitalizing strategic planning costs to recognize future value.

D T Meeting1, R W Luecke

  • 1Cleveland State University, OH, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|March 9, 1995
PubMed
Summary
This summary is machine-generated.

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Healthcare financial managers should capitalize strategic planning costs as intangible assets. This approach allows for amortization over the plan

Area of Science:

  • Healthcare financial management
  • Accounting practices

Background:

  • Healthcare organizations increasingly invest in strategic planning.
  • Current accounting typically expenses these costs in the development year.

Purpose of the Study:

  • To propose capitalizing strategic planning costs as intangible assets.
  • To advocate for amortizing these costs over the plan's lifespan.

Main Methods:

  • Conceptual analysis of strategic planning costs.
  • Review of traditional versus asset-based accounting principles.

Main Results:

  • Strategic plans offer future benefits, akin to intangible assets.
  • Capitalization aligns costs with future revenue streams.

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Conclusions:

  • Capitalizing and amortizing strategic planning costs offers a more accurate financial representation.
  • This method enhances financial reporting for healthcare organizations.