{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/825/954/","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.","number":"825-954","topic":"825","title":"Health Care Entities","area":"Broad Transactions","paragraphs":4,"summary":"This subtopic gives industry-specific guidance on financial instruments for not-for-profit, business-oriented health care entities. Its single substantive rule is a presentation rule: when such an entity elects the fair value option, the resulting unrealized gains and losses must be reported inside the performance indicator (or within discontinued operations, as appropriate) rather than outside it.","concepts":["fair value option","performance indicator","unrealized gains and losses","not-for-profit business-oriented health care entity","discontinued operations","income statement presentation"],"categories":["Financial instruments","Presentation","Industry-specific","Not-for-profit"],"level":"intermediate","topic_title":"Financial Instruments","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"825-954-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance on financial instruments for not-for-profit, business-oriented health care entities.</div></div>","snippet":"This Subtopic provides guidance on financial instruments for not-for-profit, business-oriented health care entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42b2290ff0c068cfcf37cb4563269176f894420035b0ba42f86652329dbbfd9f","downloaded_from":"2026-09-10T01:45:58.162Z","last_downloaded_at":"2026-09-10T01:45:58.162Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-01767497-DC99-41A9-BBB5-8E9F5C2009B6.ditamap\" class=\"ditamap\">954-10-15</a>, with specific entity qualifications noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 954-10-15, with specific entity qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebfa0d1100182e0ccf5b71cfd5381e8b09b0cc787a644f920cd1feff759c2482","downloaded_from":"2026-09-10T01:46:01.626Z","last_downloaded_at":"2026-09-10T01:46:01.626Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478154","source_sha256":"6d5f81c51b97eceda744a049c6622d1faa51c86911d39e67d4eecd18d0e50a57"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9154c727091affd1cf489ffb8b75f9d1f90446855dcf818aacbd5dc9ea5007ca","downloaded_from":"2026-09-10T01:46:01.626Z","last_downloaded_at":"2026-09-10T01:46:01.626Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478154","source_sha256":"6d5f81c51b97eceda744a049c6622d1faa51c86911d39e67d4eecd18d0e50a57"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"825-954-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies only to not-for-profit, business-oriented health care entities.</div></div>","snippet":"The guidance in this Subtopic applies only to not-for-profit, business-oriented health care entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d3eb9c0b09e4f99c1a448600e82a2d63fa090cf3745c911385cc98f10589ae1","downloaded_from":"2026-09-10T01:46:01.626Z","last_downloaded_at":"2026-09-10T01:46:01.626Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478154","source_sha256":"6d5f81c51b97eceda744a049c6622d1faa51c86911d39e67d4eecd18d0e50a57"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17a9edef934a6b83e0dde122054ff314d051ad503e299b000128a80cea424370","downloaded_from":"2026-09-10T01:46:01.626Z","last_downloaded_at":"2026-09-10T01:46:01.626Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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id=\"sfr_2B7FDBBE-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Not-for-profit, business-oriented health care entities shall report unrealized gains and losses on items for which the fair value option has been elected within the <a href=\"/glossary/p/#performance-indicator\" class=\"term\" title=\"A performance indicator reports results of operations. A performance indicator and the income from continuing operations reported by for-profit health care entities generally are consistent, except for transactions that clearly are not applicable to one kind of entity (for example, for-profit health care entities typically would not receive contributions, and not-for-profit health care entities would not award stock compensation). That is, a performance indicator is analogous to income from continuing operations of a for-profit entity.\"><span>performance indicator</span></a> or as a part of discontinued operations, as appropriate. </span></span>See paragraph <a href=\"/asc/825/10/#825-10-15-7\" class=\"xref\">825-10-15-7</a> for further guidance.</div></div>","snippet":"Not-for-profit, business-oriented health care entities shall report unrealized gains and losses on items for which the fair value option has been elected within the performance indicator or as a part of discontinued oper…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:551051777d3b95a323007f578f4c781b6ddd9439fb48516982cd45306a73e246","downloaded_from":"2026-09-10T01:46:07.638Z","last_downloaded_at":"2026-09-10T01:46:07.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477936","source_sha256":"7cdfe99395386d66bde775a3171617cb93aaf0ecec04729fda336d657f6ceda0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04f76ebb2893cdc17c2b59d19701532fab7effa593fc6e29039b2d847df230d5","downloaded_from":"2026-09-10T01:46:07.638Z","last_downloaded_at":"2026-09-10T01:46:07.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477936","source_sha256":"7cdfe99395386d66bde775a3171617cb93aaf0ecec04729fda336d657f6ceda0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8885399f76b1183e6b86626276499ba452f73b7d04c293368c8c335dd97b25aa","downloaded_from":"2026-09-10T01:46:07.638Z","last_downloaded_at":"2026-09-10T01:46:07.638Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477936","source_sha256":"7cdfe99395386d66bde775a3171617cb93aaf0ecec04729fda336d657f6ceda0"}}],"enrichment":{"summary":"This subtopic gives industry-specific guidance on financial instruments for not-for-profit, business-oriented health care entities. Its single substantive rule is a presentation rule: when such an entity elects the fair value option, the resulting unrealized gains and losses must be reported inside the performance indicator (or within discontinued operations, as appropriate) rather than outside it.","key_points":["The Subtopic applies only to not-for-profit, business-oriented health care entities (825-954-15-2), and otherwise follows the scope in Section 954-10-15 (825-954-15-1).","Unrealized gains and losses on items for which the fair value option has been elected are reported within the performance indicator, or as part of discontinued operations if appropriate (825-954-45-1).","Paragraph 825-10-15-7 is cross-referenced for further guidance on eligible items for the fair value option (825-954-45-1).","The guidance is presentation-only; it does not change whether or how the fair value option may be elected under Subtopic 825-10."],"categories":["Financial instruments","Presentation","Industry-specific","Not-for-profit"],"audience_level":"intermediate","student_note":"The performance indicator is the health care equivalent of income from continuing operations, and this rule keeps fair value option gains and losses inside it; a common mistake is assuming NFP health care entities can push these amounts below the performance indicator like other changes in net assets without donor restrictions.","related_topics":["825-10","954-10","954-225","820","958-320"],"key_concepts":["fair value option","performance indicator","unrealized gains and losses","not-for-profit business-oriented health care entity","discontinued operations","income statement 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