Health care entities, 2018. (2018)

• Record Type: Book
• Further Information: Note: AICPA.
• Authors: AICPA
• Other Names: American Institute of Certified Public Accountants.
• Contents: 1 Overview and Unique Considerations of Health Care Entities 01-13 Purpose 01 Applicability 02-06 Classification of Health Care Entities 07-08 Regulatory Environment 09-13 Health Care Reform 12-13 2 General Auditing Considerations 01-119 Overview 01-02 An Audit of Financial Statements 03-09 Audit Risk 05-09 Terms of Engagement 10-14 Business Associate Agreements 14 Audit Planning 15-18 Group Audits 19-24 Multi-Location Audits Versus Group Audits 23 Complex Transactions 24 Materiality 25-30 Performance Materiality 29-30 Qualitative Aspects of Materiality 31-32 Use of Assertions in Assessment of Risks of Material Misstatement 33-34 Risk Assessment Procedures 35-57 Risk Assessment Procedures and Related Activities 37-43 The Entity and Its Environment 44-57 Additional Audit Considerations 58-99 Analytical Procedures 58-59 Accounting Estimates 60-62 Transactions Processed by Service Organizations 63-66 Compliance with Laws and Regulations 67-77 Going-Concern Considerations 78-92 Written Representations 93-99 Independent Auditor’s Reports 100-102 Single Audit Act and Related Audit Considerations 103-109 Statutory Reporting Considerations for Health Plans 110-119 Risk-Based Capital Requirements 114-115 Deficiencies in Internal Control 116 Communicating Internal Control Matters in an Audit 117 Communications with Regulators 118-119 3 Unique Financial Statement Considerations for Not-for-Profit Business-Oriented Health Care Entities 01-43 Complete Set of Financial Statements 02-05 Balance Sheet 06-08 Statement of Operations 09-28 Performance Indicator 12-17 Other Intermediate Subtotals 18-20 Discontinued Operations and Accounting Changes 21-22 Revenues 23-25 Expenses 26-28 Statement of Changes in Net Assets (or Equity) 29-32 Statement of Cash Flows 33-37 Notes to the Financial Statements 38 Subsequent Events 39-41 Example Financial Statements 42-43 4 Cash, Cash Equivalents, and Investments 01-75 Cash and Cash Equivalents 01-11 Centralized Cash Management Arrangements 03-06 Cash from Restricted Donations 07 Other Restricted or Designated Cash Amounts 08-11 Investments 12-73 Fair Value Option 17-22 Investments in Debt Securities and Certain Equity Securities with a Readily Determinable Fair Value That Are Not Recorded Under the Fair Value Option 23-35 Investments in Certain Other Financial Instruments without a Readily Determinable Fair Value That Are Not Recorded Under the Fair Value Option 36-38 Investment Pools 39-47 Fair Value Measurements 48 Impairment of Investments 49-59 Securities Lending Activities 60 Transfers of Assets to an NFP or Charitable Trust for Investment 61-63 Regulation 64 Other Financial Statement Presentation Matters 65-73 Auditing 74-75 5 Derivatives 01-44 Introduction 01-05 General Guidance 06-07 Accounting for Changes in Fair Value of Derivative Instruments 08-12 Fair Value Hedges 09 Cash Flow Hedges 10-11 Derivatives Not Designated as a Hedging Instrument 12 Hedge Accounting Requirements 13-28 Shortcut Method 20-28 Hybrid Instruments, Host Contracts, and Embedded Derivatives 29-37 Calls and Puts in Debt 33-34 Derivatives Embedded in Split-Interest Agreements 35-37 Other Matters 38-43 Changes in Fair Value of Hedged Item 38 Termination of Cash Flow Hedge by Debt Extinguishment 39 Additional Presentation and Disclosure Requirements for NFP Business-Oriented Health Care Entities 40-43 Auditing 44 6 Property and Equipment and Other Assets 01-53 Overview 01-05 Capitalized Interest 06-11 Supplies, Rebates, and Discounts 12-13 Lessee Involvement in Fixed Asset Construction 14-17 Asset Retirement and Environmental Remediation Obligations 18-20 Impairment or Disposal 21-31 Discontinued Operations 28-31 Nonreciprocal Transfers 32-34 Other Long-Lived Assets 35-43 Financial Statement Presentation 44-47 Auditing 48-53 7 Municipal Bond Financing 01-124 Introduction 01-13 Conduit Bonds That Trade in Public Markets 06-08 Credit Enhancement 09-11 Issuance of Municipal Bonds 12-13 Extinguishment and Modification Transactions 14-17 Calls and Mode Conversions 18-39 Defeasance 20-26 Modifications 27-31 Gain or Loss on Debt Extinguishment 32-33 Debt Issuance Costs Incurred in Connection With an Exchange or Modification of Debt Instruments 34-36 Puts or Tender Options 37-39 IRS Considerations 40-44 Financial Statement Presentation and Disclosure 45-72 Balance Sheet 45-63 Statement of Operations 64-65 Disclosures 66-72 Obligated Group Reporting 73-74 Interim Financial Reporting 75-76 Auditing 77-123 General 77-85 Auditor Involvement with Municipal Securities Filings 86-112 Letters for Underwriters and Other Requesting Parties 113-119 Reference to the Auditor as an "Expert" 120 Attestation Engagements Related to Municipal Securities Issuance 121-123 Appendix — Municipal Securities Regulation 124 8 Contingencies and Other Liabilities 01-129 Contingencies and Commitments 02-61 The Essentials of Recognition, Measurement, and Disclosure for Contingencies 03-09 Managing Risk of Loss 10-12 Medical Malpractice 13-47 Disclosures for Medical Malpractice 48-53 Physician Guarantees and Other Agreements With Physicians 54-61 Other Liabilities 62-86 Asset Retirement Obligations 62-64 Compensation and Related Benefits 65-76 Joint and Several Liability Arrangements 77-82 Agency Funds 83-84 Fees Paid to the Federal Government by Health Insurers 85-86 Tax Considerations for NFP Health Care Entities 87-101 Private Inurement and Intermediate Sanctions 94-95 Unrelated Business Income 96 State and Local Taxes 97 Tax Positions 98-99 Medicaid Voluntary Contribution or Taxation Programs 100-101 Risks and Uncertainties 102-108 Auditing Contingencies and Other Liabilities 109-127 Auditing Medical Malpractice Loss Contingencies 110-113 Auditing Accounting Estimates 114-119 Use of Actuaries and Actuarial Methods 120-123 Evaluating Lawyers’ Responses 124-127 Income Taxes 128 Auditing Considerations 129 9 Net Assets (Equity) 01-38 Investor-Owned Health Care Entities 01 Not-for-Profit Entities 02-25 Net Asset Classes 05-18 Reclassifications 19-25 Classification of Donor-Restricted Endowment Funds 26-32 Disclosure 33-37 Auditing 38 10 Health Care Service Revenue and Related Receivables 01-61 Overview of the Health Care Environment 01-15 Rate Setting With Third-Party Payors 05-10 The Government Payor Environment 11-14 Charity Care 15 Types of Health Care Revenue 16 Types of Payment Methodologies 17 Patient (or Resident) Service Revenue 18-36 Revenue Recognition 18-29 Accounting and Financial Reporting Requirements 30-36 Premium and Capitation Revenues 37-40 Patient Receivables 41-45
• Edition: 1st
• Publisher Details: Hoboken, New Jersey : John Wiley & Sons, Inc
• Publication Date: 2018
• Extent: 1 online resource
• Subjects: 657.8322; Health facilities -- Accounting
• Languages: English
• ISBNs: 9781948306164
• Related ISBNs: 9781119577348
• Notes: Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.