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.


Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.