SOP issued on accounting for derivatives, hedging. (accounting & auditing news).
The SOP amends the AICPA Audit and Accounting Guide Health Care Organizations to address 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, as amended.
It also amends the guide to clarify that the performance indicator (earnings measure) reported by not-for-profit health care organizations is analogous to income from continuing operations of a for-profit enterprise.
To order a copy of SOP 02-2, see page 6 (price: $14 member, $17.50 non-member.)
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|Title Annotation:||American Institute of Certified Public Accountants statement of position for not-for profit health care organizations|
|Article Type:||Brief Article|
|Date:||Feb 1, 2003|
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