
The Financial Accounting Standards Board (FASB) recently issued a new statement that requires all companies to change their methods of accounting for debt and equity securities. Rather than allowing organizations to use a historical cost approach in accounting for such financial instruments, FASB Statement No. 115 requires organizations to adopt a market value approach. The provisions of this statement will affect significantly organizations in the healthcare industry that have large investment portfolios.
Risk Management, Financial Audit, Time Factors, Accounting, Hospital Costs, Investments, Financial Management, Hospital, United States
Risk Management, Financial Audit, Time Factors, Accounting, Hospital Costs, Investments, Financial Management, Hospital, United States
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