SFAS No. 124, accounting for investments: the rules have changed
Luecke, R.W.; Meeting, D.T.; Giniat, E.J.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 50(12): 58-63
1996
ISSN/ISBN: 0735-0732 PMID: 10163007 Document Number: 465998
Under SFAS No. 124 "Accounting for Certain Investments Held by Not-for-Profit Organizations," issued in November 1995, not-for-profit healthcare organizations must report investments in equity securities that have readily determinable market values and all debt securities at fair value. SFAS No. 124 significantly modifies the way healthcare organizations' account for such investments and brings greater accountability to healthcare financial managers regarding the management of their organizations' investments.