Sources of generally accepted accounting principles for government hospitals include

Question

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The AICPA Audit and Accounting Guide is specifically tailored for health care organizations, including government hospitals, and is widely accepted as a source of GAAP in this industry. FASAB standards are generally applicable to federal government entities and may not be directly relevant to state or local government hospitals. FASB not-for-profit standards are focused on nonprofits, which may include some hospitals but may not be comprehensive for government hospitals. The GAO Yellow Book focuses on auditing standards and may not provide guidance on accounting principles.

Sources of Generally Accepted Accounting Principles for Government Hospitals Include