The AICPA Financial Reporting Executive Committee (FinREC) has recently issued another working draft for health care entities relating to accounting issues　regarding the implementation of FASB’s new revenue recognition standard (Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606)). FinREC is requesting feedback on this and the other industry working drafts. The working draft for health care entities relates specifically to revenue earned under arrangements with government programs (i.e. Medicare or Medicaid programs) and other third parties (i.e. an insurer or managed care company). You can obtain a copy of the Working Draft; Health Care Entities Revenue Recognition Implementation Issue; Issue #8-8; Consideration of FASB ASC 606, Revenue from Contracts with Customers, for third party settlement estimates by clicking on the following link:

Working Draft for Health Care Entities Revenue For Third Party Settlement Estimates

The AICPA has　established AICPA Revenue Recognition Task Forces for various industries including the Health Care Industry. These Task Forces are responsible for developing revenue recognition implementation issues for various industries. The Health Care Entities Revenue Recognition Task Force has identified and addressed a number of other potential implementation issues. You can access the updated information addressed by the Health Care Entities Revenue Recognition Task Force by clicking on the following link:

Health Care Entities Revenue Recognition Task Force Information

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