Description
Offers examples and case studies that will help you allocate costs and accurately prepare the statement of functional expenses.
- Qualifies for 1.5 Yellow Book CPE Credits
Objectives
- Prepare a complete set of NFP financial statements, a budget, a strategic plan, and the core IRS Form 990 and supplemental materials.
- Identify the most appropriate statement presentation options, considering the complexity of the entity.
- Determine the effect of a transaction on the reporting entity's statement of functional expenses.
Highlights
- Financial statement preparation
- Expense allocation methodology
- Program and supporting activities
- Fundraising expenses
- Joint costs
- Common errors and pitfalls