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
|Level||Beginner to intermediate|
|CPE (NASBA Category)||Accounting|
|CAE (Field of Study)||Finance|
|Delivery||Group live presented online due to COVID-19|
|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.
Oct 6th, 20200 comments
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.