W443: Functional Expense Reporting
COURSE DESCRIPTION:
Functional expense reporting is one of the more complicated areas of nonprofit U.S. GAAP. 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 services, supporting activities, and what expenses get allocated in accordance with U.S. GAAP.
LEARNING OBJECTIVES:
- – You will be able to define the elements of the statement of functional expenses.
- – You will be able to discuss presentation and disclosure.
- – You will be able to understand the difference between direct and indirect costs for the purpose of functional expense reporting.
- – You will be able to explain how to allocate costs between functions.
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As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for CAE credits toward your CAE application or renewal of professional development requirements.
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: www.NASBARegistry.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
(National Registry Sponsor Nr: 138278)
