W119: Nonprofit GAAP: Functional Expense Reporting – Make it meaningful to you and your audience
Friday, December 4, 2020
11:00 AM - 12:30 PM (EASTERN TIME)

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.

Learning Objectives
  • 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.
Mark Robins, CPA
Partner at Aronson LLC
Mark Robins, CPA, is a Director in the Firm’s Nonprofit and Association Industry Services Group. Prior to focusing his specialization on nonprofit organizations, Mark spent time with the Employee Benefit Plan Services Group. He graduated with honors from California State University, Northridge with a bachelor’s degree in accountancy. Mark specializes in assurance and consulting services for foundations, public charities, schools and service organizations. His experience with fair value concepts, investment portfolios, federal compliance and revenue recognition issues allows him to be a valued resource for nonprofit organizations. As an active participant in the accounting profession, Mark has taught several classes on financial reporting and auditing topics. He is also extensively involved in nonprofit accounting research to advance technical compliance. In addition, Mark has contributed a number of blog posts to the Aronson nonprofit blog. Mark is a member of the AICPA.
Eric Hittle, CPA
Manager, Assurances Services at Aronson LLC
I am a CPA working in public accounting. I currently perform financial statement audits for middle market entities as well as financial statement and A-133 compliance audits non-profit organizations. I have experience testing internal controls to identify control deficiencies. I perform research to identify and resolve accounting and reporting and other issues encountered. I enjoy interacting with clients and gaining an understanding of each client for which I perform services. In addition to having earned my CPA license I am currently pursuing my CFE and CIA certifications. Specialties: Audit/Attestation, Research, Financial Accounting and Reporting
Level Intermediate Delivery Group live presented online due to COVID-19
CPE(NASBA Category) Accounting Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Administration CPE/CAE Credits 1.5
Prerequisites and advance preparation needed preferably 1-year or more of experience with nonprofit accounting (private or public company). Advance preparation needed: None Cost free
Refund and Complaint Resolution Policy:

U.S Transactions Corp. 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: