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New Revenue Recognition Standard Creates Additional Disclosure Requirements for Hospitals

First few Article Sentences

Fundamental changes to how hospitals recognize revenue are beginning to take effect. One of the biggest entails significantly altering the manner in which hospitals and other entities disclose revenue-recognition policies and revenue within financial-statement footnotes.


In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification® (ASC) Topic 606, Revenue from Contracts with Customers. Topic 606 changes how most organizations are required to recognize revenue under US generally accepted accounting principles (GAAP)—specifically contracts with customers.

Pulver, CPA, Joelle

Jackson, CPA, Kate

Moss Adams

Revenue Recognition

March 12, 2019

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