A deep dive session focused on the functional expense classifications. Topics to include: allocations which were addressed in ASU 2016-14, how to report COVID-19 related expenses, and various ways the disclosures can be presented to meet the GAAP requirements. Provide actual examples from a variety of NFPs to demonstrate the flexibility NFPs have. Include best practices to communicate information to donors.
Identify best practices for communication to donors
Understand how to meet GAAP requirements
NFP Industry Technical Leader,
Plante Moran, PLLC