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.
Agenda
Faculty
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
Silver Spring Accounting LLC
- Principal, Silver Spring Accounting LLC
- Focus on outsourced accounting and advisory services for nonprofits
- Conducts webinars with ASAE, Lorman, and various firm and client-sponsored training
- AICPA, Maryland Nonprofits
- Master of Professional Accountancy
- Can be contacted at [email protected] or 406-209-7472
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