W119: Nonprofit GAAP: Functional Expense Reporting – Make it meaningful to you and your audience


Course Registration Link:  https://bit.ly/3oagDsf

Title Nonprofit GAAP:  Functional Expense Reporting – Make it meaningful to you and your audience
Date Friday, December 4, 2020
Time 11:00 am – 12:30 pm (Eastern Time)
Course Description Since the implementation of ASU 2016-14 many nonprofits that did not previously have to present a statement of functional expense are required to. Understanding and implementing the requirement can take some time and judgement.

This presentation will help individuals understand the elements of the statement of functional expense and how to make it meaningful to your audience. You will be able to understand the difference between program and supporting services and variance methods for allocating costs in accordance with GAAP.

Instructor Bio: Mark Robins, CPA

  • Partner, Assurance Services at Aronson LLC
  • Over 10 years of experience in public accounting
  • Specialize 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

Eric Hittle, CPA

  • Senior Associate, Assurances Services at Aronson LLC
  • Six years of experience in public accounting
  • Specializes in nonprofit accounting
  • Master of Professional Accountancy from Montana State University, Bozeman
  • Member of AICPA
Level Intermediate
CPE (NASBA Category) Accounting
CAE (Field of Study) Administration
Prerequisites and advance preparation needed preferably 1-year or more of experience with nonprofit accounting (private or public company).  Advance preparation needed: None
Reviewer Wade Tetsuka, CPA

Bio:  https://www.linkedin.com/in/wadetetsuka/

Delivery Group live presented online due to COVID-19
CPE/CAE Credits 1.5
Cost: Free
Learning Objectives After this Course, you will be able to:

  • define the elements of the statement of functional expenses.
  • understand financial statement presentation and disclosure of functional expenses.
  • understand how to allocate costs between functions.
  • be able to identify joint costs.

Refund and Complaint Resolution Policy:  www.ustranscorp.com/webinar-policy

CPE Compliance Disclosure:  U.S Transactions Corp. (CPE Sponsor ID: 138278) is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 website: www.NASBARegistry.org I n accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.


  • U.S. Transactions Corporation

    44044 Riverpoint Drive,
    Leesburg, VA 20176
    Phone: (866) 442-3327
    Fax: (866) 511-0935

  • Key Points About Services

    - Over the last 7 years, we have a client retention rate of 97.5% (vs. industry average of 67.4%).

    - Three consecutive years (2012, 2011, and 2010) in President’s Club

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