SOP 85-1: implications for health care organizations

Article Abstract:

The accounting and reporting techniques used by nonprofit medical care organizations for tax-exempt debt and for monies with limited use have been evaluated by the American Institute of Certified Public Accountants. Consequently, by 1985, Statement of Position (SOP) 85-1 was made official. The SOP gives help to nonprofit medical care organizations in three definite areas: a financial authority's long-term debt reporting, accounting for both restricted and general funds, and reporting investment income and interest that is related in the financial statements.

HEALTH SERVICES, Planning, Health care industry, Mortgage bonds

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Implementation issues in accounting for software costs: theory and practice

Article Abstract:

Financial Accounting Standards Board Statement No. 86, 'Accounting for the Costs of Computer Software to be Sold, Leased, or Otherwise Marketed', requires that costs incurred in establishing the technological feasibility of a software product be reported as an incurred expense. Problems that may arise in applying this standard are discussed. Areas of concern include: amortization of capitalized software costs, and computation of periodic amortization.

Software, Laws, regulations and rules, Finance, Financial Accounting Standards Board

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Negotiating computer sales contracts

Article Abstract:

The purchaser of a computer system must know what he seeks and what he can give up during contract negotiations in an effort to extract significant concessions from the vendor. The buyer who advocates the importance of warranties should be able to negotiate a damage limitation contract clause. One important regulation states that the buyer should never sign a vendor's standard sales contract.

Purchasing, Computers, Digital computers, Contracts

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