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Functional Expense Allocation | NFP Section Ideacast

Jan 07, 2025 · 2 min watch

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In this Not-for-Profit Section Ideacast, Paul Preziotti, Partner with Johnson Lambert LLP, identifies common errors when allocating functional expenses.

Key Topics

  • Methodology

  • Level of detail

  • Allocation of fundraising expenses

Would you like to learn more? Not-for-Profit Section members can access the following resources:

Functional expense classification: An overview for not-for-profit entities: This background paper provides an overview of the requirements for reporting functional expenses in the financial statements of a not-for-profit entity and offers some tips for designing and optimizing

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Topics

Not-for-Profit

Subtopics

FASB Not-for-Profit Accounting & Financial Reporting
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