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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.
Learning Objectives:
Identify best practices for communication to donors
Understand how to meet GAAP requirements
Speaker(s):
Kris
Ray,
CPA,
NFP Industry Technical Leader,
Plante Moran, PLLC
