N.Y. Comp. Codes R. & Regs. tit. 10 § 443.1

Current through Register Vol. 46, No. 50, December 11, 2024

Section 443.1 - Preface

[ 2000 ]

(a) A Listing of Accounts is a listing of account titles, with numerical symbols, used in the compilation of financial data concerning the assets, liabilities, capital, revenues and expenses of an enterprise.

(b) An outline of the required Listing of Accounts for hospitals is presented in this Part along with an explanation of the numerical coding system. A description of the nature and content of each account required to be used and reported is included in the Description of Accounts, Part 444 of this Article. It is recognized, however, that it is impossible to develop a Listing of Accounts that will fulfill all the requirements of all hospitals. Many hospitals will not require the detailed information provided for in the Listing of Accounts; others may require even more detailed classification. The Listing of Accounts is designed (at the zero level, except where noted) to provide the basis for a minimum standard of uniform accounting and reporting which will meet the needs of management, regulators, planners and others.

(c) Hospitals are required to use for reporting purposes all balance sheet accounts which have capitalized titles and which have numerical codes with a fourth digit of zero when such balance sheet items exist. These accounts are referred to as zero level accounts.

(d) Hospitals are required to use for reporting purposes all revenue and expense accounts which have capitalized titles and which have numerical codes with a fourth digit of zero when such a function as defined in this manual exists even though the activity is not separately organized within the hospital. The only circumstance under which the hospital need not report an existing zero level account is when the patient service provided in a daily hospital services cost center is not provided in a discrete unit.

(e) Since the zero level accounts presented in this manual are required, all zero level accounts presented herein, except as noted above, must be reported by the hospital wherever the related item or function exists in that hospital. A hospital will not be granted an exception to the establishment of an account solely because of reporting difficulty.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 443.1