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How will AICPA proposed guides affect providers?
1Association Information Management Service, Inc., Alexandria, VA, USA.
Abstract:
Two newly proposed American Institute of Certified Public Accountants audit guides--one for healthcare organizations and one for not-for-profit organizations--will require changes in accounting and financial reporting. The proposed guides cover topics such as flexibility in format and terms, functional and natural classification of expenses, differentiating revenue from gains, and rules relating to long-lived assets.