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

Webinar: group live presented online  ||  Attendance: 42 Associations  ||  Reviews   ♦♦♦♦♦  ||   This was SO informative. Thank you!!  || Thanks for very informative information. ||  Very helpful – thank you!  ||  Thank you, great seminar!  || Speakers were very knowledgeable and used good examples.  || It was very good content. || I thought this was one of the most helpful programs yet! || This is a very helpful course because functional expenses is a difficult concept. || It was a very useful course and Zoom was much appreciated after suffering many GoToWebinar issues during the lockdown. || Outstanding! Timely, relevant and informative. ||

Click here for Recorded Webinar 

(Note: CAE or CPE credits can only be granted to attendees of the group-live webinar presented online )

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


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.

Uncategorized0 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.