Functional Expense Reporting

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As nonprofits implement the FASB’s Accounting Standards Update (ASU) 2016-14, many struggle with meeting requirement to include functional expense reporting in the financial statement.

What areas of expenses must be reported? How should costs be allocated in accordance with GAAP? How should an organization identify and handle joint costs? What’s the difference between program expenses and supporting services?

Here’s the guidance you need to present and prepare the newly required data—compliantly and with value for your audience.

Register now for Functional Expense Reporting.

This one-hour webinar shows nonprofits how to add functional expense reporting to their financial statements. From the difference between program and supporting methods, to various methods for allocating costs in accordance with GAAP, you’ll learn how to prepare and present a solid account of functional expenses.

Make your statement meaningful to your audience.  You’ll also explore how to communicate functional expenses so stakeholders understand costs associated with programs, management, fundraising and more. Plus, you can ask your own questions during the Q&A portion of the webinar.

Reserve your space now to simplify the new functional expense reporting requirements, including:

  • Explanation of each component of a functional expense statement: programs, management and general, fundraising and membership development
  • Methods for allocating direct and non-program direct costs
  • Requirements for joint costs and how to identify and allocate them
  • How to pull everything together into a compliant statement
  • Disclosures associated with the functional expense statement

Remember, as nonprofits implement ASU 2016-14, functional expense reporting continues to pose challenges. You’ll come away from this webinar with clear guidance for meeting your obligation to included functional expenses in your organization’s financial statement.

Register now for Functional Expense Reporting.

Meet Your Webinar Leaders

Mark Robins is a partner in Aronson’s Nonprofit & Association Services Group. Mark has over 10 years of experience in public accounting and currently works exclusively with nonprofit organizations. His expertise includes financial reporting, auditing, and compliance. He has an extraordinary depth of technical knowledge in areas including revenue recognition, fair value concepts, related entities, and federal compliance.

As an avid reader of technical accounting literature, Mark has a passion for the accounting profession and teaching others. He has led multiple internal and external trainings and has presented in multiple firm and third party sponsored webinars.
Mark serves on the board of Cornerstone Montgomery, a local nonprofit organization whose mission is to empower people living with mental health and substance use disorders to live, work, and integrate successfully within the community.

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.

Who Should Attend

This webinar is of value to associations and nonprofits. Attendees who will benefit most include:

  • Finance executives
  • HR staff

Don't wait, register your entire team today!

CAE Credits: All live webinar attendees are eligible for 1 CAE credit hours. Association TRENDS is a CAE Approved Provider. Our programs meet the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential. We will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.whatiscae.org

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Qty Price Product Name
$215.00 Functional Expense Reporting (OnDemand: Active for 12 months from 04.09.20)