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Proposed Hospital Lease Accounting Rules - Essay Example

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Summary

The paper "Proposed Hospital Lease Accounting Rules" highlights that former rules allowed healthcare providers to lease real estate and equipment taking it as an operating lease. Leasing equipment is necessary for providers to acquire other necessary machinery…

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Proposed Hospital Lease Accounting Rules

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Subject: Health Sciences & Medicine
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 2
Author: trantowjanessa

Extract of sample "Proposed Hospital Lease Accounting Rules"

Healthcare providers may have to change their methods of operations if there are changes in the accounting rules. For health care providers to get involved in leasing which includes the exchange of equipment for other necessary amenities, the rule would have to favor them.

With the onset of the accounting lease rule, the financial management department has been able to prepare the balance sheet and maintain financial records without including the lease assets.

The financial lease has a positive impact on the organization since the healthcare provider according to James and Aaron (2012) can grow technologically by leasing medical equipment and machinery which are costly. The lease is also advantageous since it helps healthcare providers to gain geographically efficient developers, and through the program, finance and get ownership of medical facilities.

The leasing program assists the health care providers and reduces the pressure on the operation of the organization. From a negative perspective, the lease program may negatively impact the leasing process regarding geographical print and financial activities (James and Aaron, 2012). This is because healthcare executives scrutinize and over-analyze the operations of the organization.

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