Implementing SFAS No 121: Accounting for Impaired Assets.
In March 1995, FASB issued Statement of Financial Accounting Standards (SFAS) No. 121: "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of." It establishes accounting standards for assets whose carrying costs have been overstated due to a variety of circumstances that have reduced the value of the assets. Healthcare financial managers should fully understand the statement's implications for their organizations.
Luecke
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International Approval Services, Inc., Cleveland, OH, USA.
Meeting
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Stotzer
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D000066:Accounting / Q000592:standards*; D005376:Financial Management; D014481:United States