Lessons Learned: What CHC Early Adopters Wish They Knew

Presenters/Authors
Date
12/03/2019 - 10:00 a.m.
Central time
Health Care Professionals with Strategic Integration and Physician Alignment

Some CHCs were required to adopt a new revenue recognition accounting standard and clarified guidance on accounting for grants and contributions for fiscal years already audited. All CHCs issuing GAAP-basis financial statements should have already implemented these new standards; however, most finance departments were not prepared when their effective date rolled around. In this webinar, we’ll share commonly asked questions about these new standards and lessons learned from the perspective of the CHCs and BKD. The goal will be to develop a practical understanding and implementation approach for CHCs.

Learning Objectives

Upon completion of this program, participants will be able to:

  • Discuss successes and failures experienced by CHC revenue recognition early adopters
  • Illustrate resources developed for CHCs to implement and comply on an ongoing basis with the revenue recognition standard
  • Recognize answers to common questions from CHCs on implementation of ASU 2018-08
  • Design an implementation plan for CHCs preparing to adopt revenue recognition and ASU 2018-08

Brush up on FASB with these related resources:

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I​f you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at training@bkd.com or 800.472.2745.​ Click here to read the CPE FAQ.

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