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Allocating Direct or Indirect Costs for Nonprofits

Learn how to make smarter strategic decisions on program performance with the proper allocation of costs.

Indirect cost allocation can be confusing but understanding how to allocate these costs is crucial in order for an organization to accurately capture and recover cost incurred. Overhead and G and A are part of the cost of doing business and nonprofits need to know how to present their programs in a way that represents the true picture of what goes into conducting the program. We will discuss how to identify indirect costs and methods and cost drivers for allocating an indirect cost pool across programs. We will also discuss joint cost and how it can help you present your fundraising costs more accurately as well as what you need to do in order to have costs that qualify for this allocation. Finally, we will discuss the complex world of Negotiated Indirect Cost Rate Agreements for Federal awards. We will go over the guidelines for what's unallowable under Federal guidelines and how that gets treated and then finally how an organization applies for an indirect rate for a Federal award.

Learning Objectives

  • You will be able to differentiate between Direct or Indirect Costs for Nonprofits.
  • You will be able to recognize common bases for allocating using the direct method.
  • You will be able to identify allowable vs unallowable costs.
  • You will be able to identify various indirect cost rates.

Runtime: 90 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Allocating Indirect Costs

  • Why Allocating Costs Is so Important for Nonprofits
  • Identifying Indirect Costs
  • Different Methods for Allocating

Joint Cost

  • What Qualifies as a Joint Cost
  • Meeting the 3-Part Test
  • Ratios and Charity Navigator

Negotiated Indirect Cost Rate Agreement for a Federal Award

  • Allowable/Unallowable Costs Under Federal Guidelines
  • Modified Total Direct Costs vs. Labor
  • Applying for a NICRA
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 5, 2018.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.0 including Accounting 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Carol Barnard, CPA, CFE

Carol Barnard, CPA, CFE

Aronson LLC

  • Senior manager in the nonprofit services group at Aronson LLC
  • Has extensive experience with federal funding and Uniform Guidance audit requirements, making her well versed in cost principles and compliance issues
  • Obtained her Certified Fraud Examiner designation in January 2012
  • Member of the Association of Certified Fraud Examiners and a member of the American Institute of Certified Public Accountants
  • Was contributing author and editor of The Financial Management Handbook for Associations and Nonprofits, published by ASAE
  • Licensed in the state of Maryland and Virginia and has been working in public accounting for fifteen years specializing in nonprofit organizations
  • M.B.A. degree in accounting
  • Can be contacted at 301-222-8214 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 405042
Published 2018
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