Kathryn Fletcher , quality control manager, authored the article “Navigating Recent Accounting Standards” for Executive Insight’s November issue. The article discusses the new accounting pronouncements that will affect healthcare financial reporting. Some of these include: FASB ASU 2011-11 and 2013-01, both of which address FASB Codification Topic 210, Balance Sheet; FASB ASU 2013-02; GASB Statement No. 65; and GASB Statement No. 66.
“With the continuous release of accounting standards, it is imperative that healthcare executives stay abreast of the changes and proactively plan and evaluate how the new standards will affect their healthcare entity’s financial reporting. Proper planning will minimize surprises and last minute changes that could delay the issuance of the financial statements,” said Fletcher.
For more information on the new accounting pronouncements that will affect healthcare financial reporting, please contact Kathryn Fletcher at
kfletcher@draffin-tucker.com or (404) 220-8494.