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Create Effective Statements of Functional Expenses

 

Understand the elements of the statement of functional expense and how to make it meaningful to your audience.

With the implementation of ASU 2016-14 many nonprofits that did not previously have to present a statement of functional expense are now required to. As a result, many organizations have been tasked with determining how to put together and present the required information. This topic will help you understand the elements of the functional expense schedule and how to make it meaningful to your audience. You will be able to understand the different types of costs methods for allocating costs. This information will review what joint costs are and identify the various factors involved in identifying and allocating them. This material will put it all together with schedule examples and a reviews about required disclosures.

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Create Effective Statements of Functional Expenses

Agenda

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Create Effective Statements of Functional Expenses

Faculty

Mark Robins, CPA

Mark Robins, CPA

Aronson LLC

  • Partner, Assurance Services at Aronson LLC
  • Over 10 years of experience in public accounting
  • Specializes in nonprofit financial reporting and auditing
  • Conducts regular seminars and workshops internally and externally on various topics in accounting and auditing
  • Member of the AICPA
  • B.S. degree in accounting, California State University Northridge
  • Can be contacted at 240-364-2645 or [email protected]
Eric Hittle, CPA

Eric Hittle, CPA

Aronson LLC

  • Manager, Assurances Services at Aronson LLC
  • Six years of experience in public accounting
  • Specializes in nonprofit accounting
  • Member of AICPA
  • M.P.A. degree, Montana State University, Bozeman
  • Can be contacted at 240-364-2721 or [email protected]
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Create Effective Statements of Functional Expenses

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