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Proposed SOP on derivatives, hedging released by AcSEC. (accounting & auditing news).

An exposure draft of a proposed statement of position, Accounting for Derivative Instruments and Hedging Activities by Not-for-Profit Health Care Organizations, and Clarification of the Performance Indicator, has been issued by the Accounting Standards Executive Committee. It provides guidance with respect to how nongovernmental not-for-profit health care organizations should report gains or losses on hedging and nonhedging derivative instruments under FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, and clarifies certain matters with respect to the performance indicator (earnings measure) reported by such organizations. It would amend the Audit and Accounting Guide Health Care Organizations. Comments are due Aug. 13, 2002. The ED has been posted to:

[computer] www.aicpa.org/members/div/ acctstd/edo/index.htm
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Title Annotation:statement of position, Accounting Standards Executive Committee
Publication:CPA Letter
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2002
Words:120
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