I have outlined below several items required for the financial reporting of health care organizations. They are required to follow the regulations of GASB and FASB as well as he AICPA Health Care Organizations Guide. The following information is essential knowledge for preparing the financial statements of all three types of health care organizations
1. Governmental Health Care Organization
a. GASB
i. Statement 34
b. Financial Reporting
i. MD&A
ii. Statement of Net Assets
iii. Statement of Revenues, Expenses, and Changes in Fund Net Assets
iv. Statement of Cash Flows
v. Notes to the Financial Statements
vi. RSI Other than MD&A
c. Equity Section of Financial Statements
i. Net Assets Invested in Capital
ii. Assets, Net of Related Debt
iii. Restricted Net Assets
iv. Unrestricted Net Assets
2. Private, Not-for-profit Health Care Organization
a. FASB
i. Statement 116
ii. Statement 117
iii. Statement 124
iv. Statement 136
b. Financial Reporting
i. Balance Sheet/Statement of Financial Position
ii. Statement of Operations
iii. Statement of Changes in Net Assets
iv. Statement of Cash Flows
v. Notes to the Financial Statements
c. Equity section of Financial Statements
i. Unrestricted Net Assets
ii. Temporarily Restricted Net Assets
iii. Permanently Restricted Net Assets
3. Private, For-profit Health Care Organization
a. FASB
i. Statement 116
ii. Statement 117
b. Financial Reporting
i. Balance Sheet/Statement of Financial Position
ii. Statement of Operations
iii. Statement of Changes in Equity
iv. Statement of Cash Flows
v. Notes to the Financial Statements
c. Equity Section of the Financial Statements
i. Paid in Capital
ii. Retained Earnings
Keeping this information in mind, it should be easy to accommodate new clients within the health care field. I would recommend extensive studying of the AICPA Guide to Health Care Organizations and to familiarize yourselves with the FASB and GASB statements listed above....