(1) Differentiate between the accounting provisions for revenue recognition for patient revenue and bad debts for financial statements prior to December 31, 2011 and the provisions effective for financial statements.
(2) Evaluate the potential impact of these changes on the transparency of health care financial statements and whether or not the same information is truly represented. Explain your rationale.
(3) Analyze the highlights of the changes and justify the changes made by GAO.
(4) Suggest alternatives to the changes made and provide a rationale for your suggestions.
(5) Compare and contrast the Yellow Book changes in auditor independence with American Institute of CPSs independence. Analyze and discuss how non-audit services can impair independence in Yellow Book audits.
(6) Assess whether or not the Yellow Book rules are more restrictive than the AICPA code of conduct on independence.
(7) Evaluate why analysts may be concerned if a government has a high ratio of intergovernmental revenues to total revenues when compared to similar governments.
(8) What are some of the implications of the ratio? Explain.
(9) Discuss the nonfinancial information that may be used to evaluate the performance of a college or university and suggest what information provides the most insight to financial performance.
(10) Elaborate on the conclusions that can be reached from the nonfinancial information identified