{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/954/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"205","topic_title":"Presentation of Financial Statements","subtopic":"205-954","subtopic_title":"Health Care Entities","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"205-954-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance on the presentation of financial statements for health care entities. <span class=\"sfragment\" id=\"sfr_20359C8F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The financial reporting for not-for-profit, business-oriented entities and investor-owned health care entities is consistent except for transactions that clearly are not applicable. For example, not-for-profit, business-oriented entities would have nothing to report for shareholders' equity. On the other hand, investor-owned health care entities typically would not have anything to report for <a href=\"/glossary/c/#contribution\" class=\"term\" title=\"An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution.\"><span>contributions</span></a>. </span></span></div></div>","snippet":"This Subtopic provides guidance on the presentation of financial statements for health care entities. The financial reporting for not-for-profit, business-oriented entities and investor-owned health care entities is cons…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df95dcf542c5b2f89c762365cd2d5c926ba635bd92cfbd8e5ac5566950334b2d","downloaded_from":"2026-09-09T22:55:32.986Z","last_downloaded_at":"2026-09-09T22:55:32.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478614","source_sha256":"7b23e6d1b54aa6fe6d34d5cdb8045479c897ca90f5142a3ec6dfacdc29458d87"}},{"citation":"205-954-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">A not-for-profit, business-oriented health care entity also applies guidance in the following Subtopics subject to the more specific guidance that is provided in this Topic: <ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Not-for-Profit Entities—Presentation of Financial Statements, Subtopic <a altsource=\"GUID-70EE2817-7F41-4AB0-A11A-524F5D63DED7.ditamap\" class=\"ditamap\">958-205</a> </div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Not-for-Profit Entities—Statement of Financial Position, Subtopic <a altsource=\"GUID-F98F0D4B-B145-4322-ADE6-63E2A250C4E6.ditamap\" class=\"ditamap\">958-210</a> </div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">Not-for-Profit Entities—Income Statement—Reporting Comprehensive Income, Subtopic <a altsource=\"GUID-0496EC9F-F6FF-4FC3-B047-4946F4F05AB4.ditamap\" class=\"ditamap\">958-220</a> </div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\">Not-for-Profit Entities—Statement of Cash Flows, Subtopic <a altsource=\"GUID-116D8800-6F44-4EC8-8FF1-F237D0A9DC9D.ditamap\" class=\"ditamap\">958-230</a>. </div></li></ol></div></div>","snippet":"A not-for-profit, business-oriented health care entity also applies guidance in the following Subtopics subject to the more specific guidance that is provided in this Topic:\n(a) Not-for-Profit Entities—Presentation of Fi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ac2059fb63d7d971eda49bbbc8b44ff6dcbfe1f8eee8d9172c3d241a2e63945","downloaded_from":"2026-09-09T22:55:32.986Z","last_downloaded_at":"2026-09-09T22:55:32.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478614","source_sha256":"7b23e6d1b54aa6fe6d34d5cdb8045479c897ca90f5142a3ec6dfacdc29458d87"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d0f3b0e972c9758a3b0592d84d866554b73fb0b65799bda4eba335ebc173a9a","downloaded_from":"2026-09-09T22:55:32.986Z","last_downloaded_at":"2026-09-09T22:55:32.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478614","source_sha256":"7b23e6d1b54aa6fe6d34d5cdb8045479c897ca90f5142a3ec6dfacdc29458d87"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:312126d29941adf57ffc11934e0d2d4bc96db160876b1525e24aa4c46a167e22","downloaded_from":"2026-09-09T22:55:32.986Z","last_downloaded_at":"2026-09-09T22:55:32.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478614","source_sha256":"7b23e6d1b54aa6fe6d34d5cdb8045479c897ca90f5142a3ec6dfacdc29458d87"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:312126d29941adf57ffc11934e0d2d4bc96db160876b1525e24aa4c46a167e22","downloaded_from":"2026-09-09T22:55:32.986Z","last_downloaded_at":"2026-09-09T22:55:32.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478614","source_sha256":"7b23e6d1b54aa6fe6d34d5cdb8045479c897ca90f5142a3ec6dfacdc29458d87"}}