Overview of Accounting Treatment for Accounts Receivable from Medical Service Companies (Case Study: RS Islam Jemursari Surabaya)

Abstract

The purpose of the study was to determine the accounting treatment of account receivable in medical service companies (Case Study : RS Islam Jemursari Surabaya)  The accounting treatment review of these account receivable is based on General Accepted Accounting Principles (GAAP). This research begins with observing the process of arising from account receivable, treatment of account receivable, payment of account receivable, and how to record receivable in the companies engaged in medical services.

The observation show that emergence of account receivable in RS Islam Jemursari is obtained from the income of medical services on credit both from outpatient care and inpatient care. Recognition of receivables in RS Islam Jemursari is an accrual basis which sales will be recognized as account receivable is the service has been provided to patients. The method of recording loss of receivables used in RS Islam Jemursari has not been determined with a definite policy, but in practice the method which used to record the loss of accounts receivable is a direct method. Recording of elements of accounts receivable in the balance sheet is in accordance with GAAP namely accounts receivable recorded in current assets and is total net receivables after deducting from losses receivables.