Attendees at the February 8 Health Care webcast, “Update on Accounting for Provider Relief Funds and Other CARES Act Hot Topics,” asked many questions that presenters were unable to address due to time constraints. This Health Care webcast will focus on common questions from that session and provide the latest information available on the CARES Act, including Provider Relief Funds.
Mar 08, 2021
NASBA Field of Study
Brian Conner, Farlen Halikman, Brian Pavona
Join select members of the AICPA's Health Care Expert Panel as speakers provide the latest information related to the CARES Act and Provider Relief Fund since the February 8 webcast.
During this webcast, our experts will briefly discuss how any new developments regarding these funds continue to impact financial accounting and reporting for health care entities and those who perform audits for those entities. The remainder of the webcast will address your questions from the February 8 webcast.
The top 6 themes of questions will be: • GAAP and tax accounting and reporting • Federal audit requirement considerations, including Single Audit, SEFA reporting, and GAGAS financial audit updates • Calculating lost patient care revenue • HHS Portal – registering, reporting, and transferring funds • Phase 3 revenue recognition for December 31 year ends • Vaccine reimbursement and related accounting
If you missed the February 8, 2021 webcast, "Update on Accounting for Provider Relief Funds and other CARES Act Hot Topics," you can view it for free on AICPA.tv Reminder: per NASBA, CPE cannot be granted for watching an archive of a webcast.
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