Accounting for CARES Act Relief to Health Care Entities

The American Institute of CPAs (AICPA) has released a new set of Technical Questions and Answers (TQAs) which includes 10 pages of nonauthoritative health care accounting guidance. These TQAs were developed by the AICPA Health Care Expert Panel and address questions regarding CARES Act provisions and other COVID-related funding specific to nongovernmental health care entities, including business entities and not-for-profit entities.
The CARES Act TQAs discuss the health care accounting guidance for:
  • Provider Relief Fund general distribution payments and payments for treating uninsured coronavirus patients;
  • Payments received under the Medicare Accelerated and Advance Payment Program; and
  • Temporary increases in payments for services to Medicare and Medicaid patients.

Click Here to Read the Full TQAs