MEMORANDUM Date: To: CPA Senior Partner From: Subject: Reporting Requirements Objectives: This memo is prepared with two objectives as follows:

1. To provide analysis reporting requirement both of a small county hospital (SCH) & a private not-for-profit nursing home (PNH).
2. To provide comparison & contrast accounting practices between the two entities. Analysis Reporting Requirements for a Small County Hospital Based on the standard setting of authoritative body, a small county hospital as a special purpose entity has to follow the accounting & reporting standards of GASB Statement 34 (Category A GAAP) & the AICPA Health Care Guide (Category B GAAP). Consequently, the components of financial report the SCH has to prepare statements: Statement of Net Assets, Statement of...