Nonprofit Webinar | How to Make Your Schedule of Functional Expenses Function Better


Course Description:
During this webinar we will be discussing the topic of functional expenses. You can expect to learn best practices related to working with direct and indirect functional expenses. You should walk away understanding there are options available when determining how to allocate indirect functional expenses and feeling equipped to make your audit and tax preparation flow more smoothly. We also will touch on the importance of properly detailing natural classifications in addition to conveying that correct financial information made available to your board and to the public is important for the long-term growth and security of your organization.

Learning Objectives:

  • Identify common functional expense allocation errors.
  • Describe how misidentifying functional classifications can lead management to make poor or miscalculated decisions regarding the future of a program.
  • Explore the notion that many long-term donor’s have become savvier and are not as interested in a very low Management percentage.
  • Assess some best practices related to working with direct and indirect functional expenses, helping to make your audit and tax preparation flow smoothly.
  • Examine the importance of making financial information available to the board and to the public based on the allocation of expenditures.
  • Recognize what most don't know they can do with allocations.

Cathy Hall, CPA, Outsourced Accounting Senior Manager | Eide Bailly
Cathy helps clients strengthen financial reporting, policies and procedures by working with clients to implement the best nonprofit industry practices. She helps to educate leadership in nonprofit accounting language so they can better understand the organization's financial position and know how to use financial information to reach their goals.

Karen L. Peck, CPA, CITP/CGMA, Outsourced Accounting Senior Manager, Tax | Eide Bailly
Karen has been working directly with nonprofit organizations, operating and non-operating private foundations, and the high net worth families who manage the private foundations for more than 15 years. She brings a wide range of industry experience to client relationships and engagements along with an open and creative mind to find more efficient solutions when challenges arise.

CPE Information
CPE Credits: 1
Field of Study: Specialized Knowledge
Level of Knowledge: Basic
Delivery Method: Group-Internet Based

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.

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Accounting & Finance