Emerging accounting trends accounting for leases.
A new model for lease accounting can have a significant impact on hospitals and healthcare organizations. The new approach proposes a "right-of-use" model that involves complex estimates and significant administrative burden. Hospitals and health systems that draw heavily on lease arrangements should start preparing for the new approach now even though guidance and a final rule are not expected until mid-2011. This article highlights a number of considerations from the lessee point of view.
PricewaterhouseCoopers, Boston, USA. robert.m.valletta@us.pwc.com
Robert
R
Valletta
Brian
B
Huggins
D000066:Accounting / Q000639:trends*; D003220:Conflict, Psychological; D005377:Financial Management, Hospital / Q000458:organization & administration*; D014481:United States