title: Implementing SFAS No 121: Accounting for Impaired Assets.
abstract: 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.
authors.affiliation: International Approval Services, Inc., Cleveland, OH, USA.
authors.forename: R W
authors.initials: RW
authors.lastname: Luecke
authors.forename: D T
authors.initials: DT
authors.lastname: Meeting
authors.forename: W G
authors.initials: WG
authors.lastname: Stotzer
mesh_terms: D000066:Accounting / Q000592:standards*; D005376:Financial Management; D014481:United States