FASB (Financial Accounting Standards Board) issues new accounting rules for debt and equity securities.
The Financial Accounting Standards Board (FASB) recently issued a new statement that requires all companies to change their methods of accounting for debt and equity securities. Rather than allowing organizations to use a historical cost approach in accounting for such financial instruments, FASB Statement No. 115 requires organizations to adopt a market value approach. The provisions of this statement will affect significantly organizations in the healthcare industry that have large investment portfolios.
School of Business Administration, Wayne State University, Detroit, MI.
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D000066:Accounting / Q000592:standards*; D005375:Financial Audit; D005377:Financial Management, Hospital / Q000191:economics / Q000592:standards*; D017721:Hospital Costs; D007449:Investments / Q000458:organization & administration*; D012308:Risk Management; D013997:Time Factors; D014481:United States