{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/440/954/#50-disclosure","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":"440","topic_title":"Commitments","subtopic":"440-954","subtopic_title":"Health Care Entities","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Continuing Care Retirement Community","paragraphs":[{"citation":"440-954-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_270C6FD0-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A continuing care retirement community shall disclose all of the following in its notes to the financial statements </span></span><span class=\"sfragment\" id=\"sfr_270C712B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">for each year presented: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_270C7241-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A description of the continuing care retirement community and the nature of the related continuing-care contracts entered into by the continuing care retirement community </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_270C7380-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The carrying amount of the liability to provide future services and the use of facilities related to continuing-care contracts that is presented at present value in the financial statements (if not separately disclosed in the balance sheet) </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_270C74AA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The interest rate used to discount that liability </span></span><span class=\"sfragment\" id=\"sfr_270C75EA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">to provide future services </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_270C7703-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The statutory escrow or similar requirements </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_270C77DF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The refund policy of the continuing care retirement community and the general amount of refund obligation under the existing contracts. </span></span></div></li></ol></div></div>","snippet":"A continuing care retirement community shall disclose all of the following in its notes to the financial statements for each year presented:\n(a) A description of the continuing care retirement community and the nature 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