The revenue recognition standard Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), will affect the manner in which revenue must be accounted for. See how Life Plan Communities (CCRC) should prepare as the…
With 2018 underway, now is a good time to revisit your strategy and evaluate what decisions can make you successful in the coming year. Read on for tips and recommended focus areas for senior living providers.
The American Institute of CPAs’ (AICPA) health care task force recently released two working drafts addressing continuing care retirement communities (CCRC) revenue recognition implementation issues. Read on to see how health care may be affected.
Not-for-profit Life Plan Communities should calculate the average age of plant at least once a year, when preparing the annual budget. Find out how to calculate this simple ratio and how it can help your organization remain relevant.
Life Plan Communities (CCRC) that want to remain relevant for future generations are charting a course to not only serve their current residents, but also a younger population. What can your CCRC do to plan ahead?
It’s imperative to monitor market conditions as they relate to your community’s ability to sell vacant apartments and cottages. Building relationships with local realtor groups and monitoring a rolling 12- to 24-month trend for average days on…
Join BKD tax advisors for valuable information on a number of topics, including recent tax developments and how they can affect not-for-profit organizations, health care providers and colleges and universities.