Where can I find the GAAP used for a particular hospital. For example Patton-Fuller Community Hospital. I need to explain used in its financial statements

To find the GAAP (Generally Accepted Accounting Principles) used by a particular hospital, such as Patton-Fuller Community Hospital, you would typically need to refer to their financial statements. These statements are published annually or quarterly and are usually available on the hospital's website or through official regulatory bodies like the Securities and Exchange Commission (SEC) database for publicly traded hospitals.

To explain the GAAP used in Patton-Fuller Community Hospital's financial statements, follow these steps:

1. Start by visiting the hospital's official website. Look for a section dedicated to investor relations, financial information, or financial statements. If you cannot find the information there, proceed to the next step.

2. Search for the hospital's financial statements through the SEC's EDGAR (Electronic Data Gathering, Analysis, and Retrieval) database. The EDGAR database contains reports, disclosures, and financial statements submitted by publicly traded companies, including hospitals.

3. Once you locate the financial statements, you can review the notes accompanying the financial statements. These notes frequently contain information about the accounting policies followed by the hospital. Pay specific attention to notes related to significant accounting policies or the adoption of new accounting standards.

4. Look for a section dedicated to "Accounting Principles" or "Basis of Presentation." This section provides insights into the specific GAAP framework adopted by the hospital. The hospital's financial statements may state that they follow generally accepted accounting principles as established by accounting bodies such as the Financial Accounting Standards Board (FASB) in the United States.

5. If the financial statements are not readily available online, you may need to contact the hospital's investor relations department, financial management staff, or reach out to their external auditor for clarification.

Remember, GAAP may evolve over time, and hospitals may update their accounting policies to reflect changes in these principles. Therefore, it's essential to review the most recent financial statements to ensure you have the most accurate and up-to-date information.