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Implementing Revenue Recognition for Health Care …

8/3/20181 Implementing Revenue Recognition for Health Care OrganizationsAUGUST 6, 2018TO RECEIVE CPE CREDIT Individuals Participate in entire webinar Answer polls when they are provided Groups Group leader is the person who registered & logged on to the webinar Answer polls when they are provided Complete group attendance form Group leader sign bottom of form Submit group attendance form to 24 hours of webinar If all eligibility requirements are met, each participant will be emailed their CPE certificate within 15 business days of webinar8/3/20182 INTRODUCTIONSB rian Pavona, CPAM anaging McKay, CPAM anaging & Key Principles8/3/20183 ASU 2014-09 Revenue FROM CONTRACTS WITH CUSTOMERS Effective for Public Business Entities (& not-for-profit entities that are conduit debt obligors) in fiscal years & interim periods beginning after December 15, 2017 Effective for all other entities in fiscal years beginning after December 15, 2018 Principles-based approach instead of a rules-based approachOBJECTIVES OF THE NEW Revenue STANDARD *IASB: International Accounting Standards Board/FASB: Financial Account

8/3/2018 4 ASU 2014-09 REVENUE FROM CONTRACTS WITH CUSTOMERS This ASU superseded health care industry-specif ic guidance & substantially all existing revenue

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