• Webinars

    BDO webinars bring our community together in an online setting
    to connect with each other and share insights into the topics and trends.

Does Your Cost Add Up? Discussion on Cost Allocation

May 11, 2017
1:00 PM to 3:00 PM EST

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Gabe Foster
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  • Summary
The new Financial Accounting Standards Board, Accounting Standard Update (ASU) 2016-14, Not-For-Profit Entities (Topic 958), Presentation of Financial Statements of Not-For-Profit Entities requires NFPs to disclose the methodology for allocating costs in the notes of the financial statements.
 
Since Nonprofit charity revenues are typically based on contributions from donors to cover programmatic expenses and overhead expenses, recording and allocating those expenses has become an important step in determining functional expenses. The purpose of this webinar is to discuss the concepts of cost allocation and the new disclosure requirements.