# ASC 440-954-50: Commitments — Health Care Entities — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/440/954/#50-disclosure)

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## ASC 440-954-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/440/954/#50-disclosure)

SEC content: no

#### Continuing Care Retirement Community

##### [440-954-50-1](https://asc.understandingaccounting.org/asc/440/954/#440-954-50-1)

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A continuing care retirement community shall disclose all of the following in its notes to the financial statements for each year presented:

1.  a
    
    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
    
2.  b
    
    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)
    
3.  c
    
    The interest rate used to discount that liability to provide future services
    
4.  d
    
    The statutory escrow or similar requirements
    
5.  e
    
    The refund policy of the continuing care retirement community and the general amount of refund obligation under the existing contracts.