FASB Amends Accounting for Continuing Care Retirement Communities

Published on: 27 Jul 2012

This week, the FASB issued Accounting Standards Update (ASU) No. 2012-01, Continuing Care Retirement Communities — Refundable Advance Fees,  which addresses potential diversity in the way continuing care retirement community entities account for refundable advance fees that are limited to the proceeds of reoccupancy by a subsequent resident.

See Deloitte’s July 26, 2012, Health Care Providers Alert for more information about the ASU.

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