Not-for-profit organizations are tasked with allocating their functional expenses appropriately and reporting them on the statement of functional expense. Functional expense allocations attempt to measure a nonprofit’s efficiency for both internal and external stakeholders. View our on-demand webinar to learn from Plante Moran and Mollard Consulting about the strategy to take for this required reporting mechanism and how to use it as a tool to improve external ratings, appropriately evaluate program performance, understand new audit requirements, and ultimately fuel your nonprofit growth strategy.
At the conclusion of this session, participants will be able to:
- Define how functional expense allocations can be used to make strategic decisions
- Learn tips to get into good habits of tracking functional expenses
- Understand the public perception of functional expense allocations
- Determine the impacts of the new FASB rules for audited financial statement requirements
Moderator:
- Lynne M. Huismann, Plante Moran, partner
Presenters:
- Amy Ciminello, Plante Moran, tax senior manager
- Kerri Mollard, Mollard Consulting, founder and CEO
