| (a) Financial statements of the provider shall be based on generally accepted accounting principles (GAAP), and shall specifically address escrow accounts, trusts and reserve funds. (b) If the provider operates more than one facility or has other business interests, then financial statements shall disclose, separately in supporting schedules: assets, including escrow accounts, trusts, and reserve funds; liabilities; revenues; expenses; profits or loses; and cash flows applicable to each individual facility, on a basis comparable to filing separate statements. (c) Any opinion regarding the financial statements shall specifically address the supporting schedules for each individual facility in addition to the financial statements of the provider. (d) Generally accepted accounting principles (GAAP) shall be subordinate to any conflicting provision or procedure adopted in this chapter that relates to the financial
statement presentation or accounting procedure. (e) Studies and/or forecasts must disclose the basic assumptions used. (f) The financial statements shall comply with §33.505 of this title (relating to Financial Condition).
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