With organizations now required to present a statement of functional expenses under ASU 2016-14 and their financial information becoming more readily available to both donors and the public, it is more important than ever to have your expenses clearly identified and allocated properly. Incorrect functional and/or indirect allocation can render perfectly legitimate and necessary expenses a liability for your organization and cause headaches for management.
Join GRF for an overview of allocating direct and indirect expenses and implementation of appropriate indirect rates. Our nonprofit professionals will provide the information you need to help your organization avoid common problems, develop best practices and allow for accurate tracking and reporting of overhead to reflect your organization’s efficiency and effectiveness. You’ll come away with practical knowledge and tools to help your organization tackle some of its biggest challenges.
Jennifer Arminger, CPA | Nonprofit Audit Partner
Andreas A. Alexandrou, CPA | Nonprofit Audit Partner