Non-profit Organizations: Accounting and Reporting Part 3, Expenses​

Date: 3/14/2025
Time: 12:00 - 2:00 PM EST
CPE Credit: 2 hours

This webcast is going to help you better understand key accounting and reporting issues for nonprofits: Expense Accounting. We will be covering the understanding of expense accounting – management and general expenses. We will also be going over nonprofit GAAP vs. Form 990.

Topics Covered

• Illustrative financial statements and footnotes
• Financial statement presentations for NPO expenses
• Accounting for joint activities that include fundraising
• Allocation of joint costs among functional expense categories
• Internal controls over cash disbursements and expenses

Learning Objectives:

• Understand principles of accounting and reporting for expense accounts presented on the statement of activities
• Be able to properly account for expenses of non-profit organizations
• Become familiar with internal controls over cash disbursements that enable their proper recognition in financial statements
• Understand how to allocate joint costs
• Be familiar with the statement of functional expenses