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With the implementation of ASU 2016-14, many nonprofits that did not previously have to present a statement of functional expense are now required to do so. As a result, many organizations have been tasked with determining how to put together and present the required information.
Aronson nonprofit experts Mark Robins and Eric Hittle hosted a Lorman live webinar to understand the elements of the functional expense schedule and how to design a statement that is meaningful to your members. In this presentation, participants learned how to:
- Define the elements of the statement of functional expenses
- Discuss presentation and disclosure
- Allocate costs between functions
- Identify joint costs
Find the on-demand webinar here.Learn More