(1)
Differentiate
between the accounting provisions for revenue recognition for patient revenue
and bad debts for financial statements prior to December 31 2011 and the
provisions effective for financial statements filed after December 31 2011.http://www.journalofaccountancy.com/Web/20114405
(2)
Evaluate
the potential impact of these changes on the transparency of health care
financial statements and whether or not the same information is truly
represented. Explain your rationale.(3)
Analyze
the highlights of the changes and justify the changes made by GAO.(4)
Suggest
alternatives to the changes made and provide a rationale for your suggestions.(5)
Compare
and contrast the Yellow Book changes in auditor independence with American
Institute of CPSs independence. Analyze and discuss how non-audit services can
impair independence in Yellow Book audits. (6)
Assess
whether or not the Yellow Book rules are more restrictive than the AICPA code of
conduct on independence. Explain your answer.http://www.gao.gov/govaud/somc0707.pdf
(7)
Evaluate
why analysts may be concerned if a government has a high ratio of
intergovernmental revenues to total revenues when compared to similar
governments.(8)
What are
some of the implications of the ratio?
Explain.(9)
Discuss
the nonfinancial information that may be used to evaluate the performance of a
college or university and suggest what information provides the most insight to
financial performance.(10)Elaborate on the conclusions that can be
reached from the nonfinancial information identified