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Beginning of article

Getting Up to Date

The new accounting and audit guide, Health Care Organizations, was issued to respond to the many changes in the health-care industry as well as recent pronouncements of the FASB affecting not-for-profit organizations. It is applicable to investor owned, governmental, and not-for-profit organizations whose principal operations consist of providing or agreeing to provide health-care services that earn substantially all of their revenues from the sale of goods and services or organizations whose primary activities are planning, organizing, and overseeing such organizations.

Some of the unique aspects of the guide include

the requirement for …