Offers examples and case studies that will help you allocate costs and accurately prepare the statement of functional expenses.
Learning 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.
Major Topics
Financial statement preparation;Expense allocation methodology;Program and supporting activities;Fundraising expenses;Joint costs;Common errors and pitfalls
