W119: Functional Expense Reporting


Title Functional Expense Reporting
Date Friday, December 4, 2020
Time 11:00 am – 12:00 pm (Eastern Time)
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 Beginner to intermediate
CPE (NASBA Category) Accounting
CAE (Field of Study) Finance
Delivery Group live presented online due to COVID-19
CPE/CAE Credits 1.5
Cost: Free
Learning Objectives You will be able to:

define the elements of the statement of functional expenses.

discuss presentation and disclosure.

explain how to allocate costs between functions.

identify joint costs.


  • 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

    - We prove and validate your success by providing an initial 6-month fee/savings analysis, and thereafter annually.