W163: Nonprofit GAAP: Functional Expense Reporting – Make it meaningful to you and your audience
Wednesday, March 24, 2021
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

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.
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
Manager, Assurance Services
Eric Hittle is a manager in Aronson’s Nonprofit & Association Services Groups. He has over eight years of public accounting experience, in which he has focused nearly exclusively on the nonprofit industry. Eric’s specialized expertise includes financial statement audits and Uniform Guidance compliance audits for exempt organizations. Eric also offers significant internal controls testing experience and strong research and analytic abilities. Eric graduated from Montana State University-Bozeman with a Master of Professional Accountancy. He also received a Master of Science in Cell and Molecular Biology from Tulane University and a Bachelor of Science in Microbiology from Montana State University.
Level Intermediate Delivery Group Internet-Based
CPE(NASBA Category) Accounting Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Administration CPE/CAE Credits 1.5
Prerequisites and advance preparation needed 1-year or more of experience with nonprofit accounting (private or public company). Advance preparation needed: None Cost $0.00
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: