# ASC 810-954-45: Consolidation — Health Care Entities — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/810/954/#45-other-presentation-matters) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:a1a3a0768b37dd50753e8e182c400120031d9ceaa6dabc5872664d91e43646c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 810-954-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/810/954/#45-other-presentation-matters) SEC content: no ##### [810-954-45-1](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:c5e2fca02ccd4d61659b686f1de7250442ebe89a8ddcd91ba4a9df07b9d8d52d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Whether the financial statements of a reporting health care entity and those of one or more other for-profit entities or not-for-profit entities (NFPs) shall be consolidated, whether those other entities shall be reported using the equity method, and the extent of disclosure that is be required (if any) if consolidated financial statements are not presented, shall be based on the nature of the relationship between the entities. See paragraphs [954-810-15-2 through 15-3](https://asc.understandingaccounting.org/asc/810/954/#810-954-15-2) . ##### [810-954-45-2](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:3ccaa0711c13e20ee90135faef28b4464cfbc0a2b8e688a819bc13daa67681a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [958-810-25-2A](https://asc.understandingaccounting.org/asc/810/958/#810-958-25-2A) explains that, in some situations, certain actions require approval by a supermajority vote of the board. That paragraph states that such voting requirements might overcome the presumption of control by the owner or holder of a majority voting interest. (For related implementation guidance, see paragraph [958-810-55-4A](https://asc.understandingaccounting.org/asc/810/958/#810-958-55-4A).) Pursuant to paragraph [810-10-15-17(a)](https://asc.understandingaccounting.org/asc/810/10/#810-10-15-17) a not-for-profit, business-oriented health care entity is not subject to the Variable Interest Entities Subsections of Subtopic 810-10, except that it may be a related party for purposes of applying paragraphs [810-10-25-42 through 25-44](https://asc.understandingaccounting.org/asc/810/10/#810-10-25-42) . Also, if a not-for-profit, business-oriented health care entity is used by business entities in a manner similar to a variable interest entity (VIE) in an effort to circumvent the provisions of the Variable Interest Entities Subsections of Subtopic 810-10, that not-for-profit entity shall be subject to the Variable Interest Entities Subsections of that Subtopic. ##### [810-954-45-3](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:f368cca33ae05efc10f70a5f12dff114eb7344f7c8e86a20a04e0ba3d6e636bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). ##### [810-954-45-3A](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-3A) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:d4c9a4c6feab7f5aba98fdac21fe40314ba796c1229a79fd5642864246e2cd89 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A parent corporation typically owns stock in a for-profit entity, whereas a sole corporate member holds membership rights in a not-for-profit entity. Sole corporate membership in a not-for-profit entity, like ownership of a majority voting interest in a for-profit entity, shall be considered a controlling financial interest, unless control does not rest with the sole corporate member (for instance, if the other \[membership\] entity is in bankruptcy or if other legal or contractual limitations are so severe that control does not rest with the sole corporate member). ##### [810-954-45-3B](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-3B) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:fc80a1e929e21719dc21834ba3ebbb56dbb4dd4ab88e69290e516f8388135f6a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When consolidated financial statements are required or permitted by Section 958-810-25, a noncontrolling interest shall be provided if such interest is represented by an economic interest whereby the noncontrolling interest would share in the operating results or residual interest upon dissolution. (See presentation and disclosure requirements in Sections 958-810-45 and 958-810-50, respectively.) ##### [810-954-45-3C](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-3C) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:7c7c898e3f3f75eef6c8c4ef7b79ea02b167b004da92c936f277b36c3693c483 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Not-for-profit, business-oriented health care entities shall not report an investment in an entity at fair value, as described in paragraph [958-325-35-6](https://asc.understandingaccounting.org/asc/325/958/#325-958-35-6), if that entity is required to be consolidated. #### Medical Malpractice Claims ##### [810-954-45-4](https://asc.understandingaccounting.org/asc/810/954/#810-954-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:32:52.542Z to 2026-09-10T01:32:52.542Z Record version: sha256:33f2c6d13868426d942d7cbe51eb6d6843444f4d8c898838bacccc60c25bca26 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In general, a trust fund, whether legally revocable or irrevocable, shall be included in the financial statements of the health care entity. A portion of the fund equal to the amount of assets expected to be liquidated to pay malpractice claims classified as current liabilities shall be classified as a current asset; the balance of the fund, if any, shall be classified as a noncurrent asset. Revenues and administrative expenses of the trust fund are included in the statement of operations. In some circumstances, the foregoing may not be possible (for example, if a common trust fund exists for a group of health care entities; if the health care entity is part of a common municipality risk-financing internal service fund; or if the legal, regulatory, or indenture restrictions prevent the inclusion of a trust fund in a health care entity's financial statements).