N.J. Admin. Code § 8:31B-4.4
Current through Register Vol. 56, No. 21, November 4, 2024
A fundamental reporting concept is that of the accounting entity or unit. For reporting purposes, the hospital is an entity capable of buying, selling and taking other economic action, which are to be accounted for separately from the personal affairs of those responsible for the hospital's administration. The hospital itself is the primary unit for which the accounting records are maintained. Many departments of the hospital assume sufficient importance to require separate treatment as subordinate entities or units of accountability for planning and control purposes.
N.J. Admin. Code § 8:31B-4.4
See: 25 New Jersey Register 3117(a), 25 New Jersey Register 5149(a).